Technotronics‚ Inc. Written Analysis and Communication Technotronics‚ Inc. Memorandum PERSONAL & CONFIDENTIAL To: Vice President‚ Specialty Appliance Department‚ Technotronics‚ Inc. Date: 3rd September 1979 Subject: Report on the decision concerning commercial operation of ‘X-27’. Dear Sir‚ In response to the interdepartmental dispute between the Audio Product Section and the Magnetic Material Section‚ this report offers administrative relief to both the managers keeping
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under efficient operating conditions absorption costing all manufacturing costs are assigned to products: direct material‚ direct labour‚ variable and fixed manufacturing overhead acceptable quality level (AQL) the defect rate at which total quality costs are minimised account classification method (or account analysis) the process in which managers use their judgement to classify costs as fixed‚ variable or semivariable costs accounting rate of return (or simple rate of return‚ rate of return on assets
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Ishikawa’s Definition of Quality We engage in quality control in order to manufacture products with quality‚ which can satisfy the requirements of the consumer. The mere fact of meeting national standards or specifications is not the answer. It is simply not sufficient. Japanese Industrial Standards (JIS) or international standards established by the International Organization for Standardization or the International Eletrotechnical Commission are not perfect. They contain many shortcomings
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Chapter 6--Process Costing Student: ___________________________________________________________________________ 1. A process is a series of activities or operations‚ which are linked to perform a specific objective. True False 2. The cost flows for a process-costing system are totally different from those of a job order costing system. True False 3. Process systems are characterized by a larger number of homogeneous products passing through a series of processes. True False
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CHAPTER 1 IMPORTANCE OF QUALITY Quality is the business of doing business —Anonymous The importance of quality‚ be it in product or service‚ cannot be overemphasized. Just study some of the tips given from time to time to make matters easier for everyone. For instance‚ Indian Government’s Postal Department‚ one of the most extensive‚ popular and efficient in the world issues guidelines such as “PIN Code helps speed up your mail. If the PIN Code in your address is missing or inaccurate‚ please send
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St a t em en t An a lysis a n d Cost Redu ct ion P r ogr a m AT TATA MOTORS LIMITED‚ PUNE Submitted To Pune University In Partial Fulfillment of the Requirement of Master of Business Administration Submitted By Mr. Chetan G. Aher M.B.A Under the Guidance of Prof. Mr. Mahesh Halale THROUGH THE DIRECTOR OF Visahwakarma Institute of Management 2005 - 2007 www.final-yearproject.com | www.finalyearthesis.com The Financial Statement Analysis and Cost Reduction Program. Acknowledgement
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What’s your real cost of capital? By James J. McNulty‚ Tony D. Yeh‚ William s. Schulze‚ and Michael H. Lubatkin Harvard Business Review‚ October 2002 Issue of the article: valuing investment projects Number of pages: 12 Daniel Miravet Campos Part 1. Executive summary This article is fundamentally based on the exposition of a new method to calculate the cost of capital for a company (MCPM)‚ to meet the inefficiencies of the current one (CAPM). In valuing any investment project or
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INTRODUCTION Cost accounting is an important tool in the management of any business firm or organization‚ which includes those in the small scaled industry. In the cause of our research instrument indicated the maintenance of improper and inadequate records coupled with the fact that cost methods used‚ through sometimes effective‚ were unconventional. For a small scale business to approach profit maximization level‚ it must be effective in cost control procedures and appropriate books
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The Home Depot 2008 Annual Report Dear Shareholders: In 2008‚ our retail sales declined by 7.8 percent‚ with comp sales down 8.7 percent. Our adjusted earnings per share from continuing operations declined 22 percent. In ordinary times‚ these would be very disappointing results. But 2008 was not an ordinary year. Despite the difficult economic environment‚ we continued to improve our retail business‚ through investing in our associates and our stores‚ rebuilding our supply chain and
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Food‚ Inc. is one means by which the American food economic system is analyzed. This documentary film shows how American food economic system follows the idea of capitalism and how it affects the food industry. Capitalism is an economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market. A free market economy is based on supply and demand with little or
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