A COMPARATIVE STUDY OF STANDARD COSTING SYSTEMS OF TWO COMPANIES CERTIFICATE FROM THE ORGANISATION TABLE OF CONTENTS Sr. No. | Chapter Name | Page No. | 1. | Acknowledgement | 5 | 2. | Preface | 6 | 3. | Objective and Introduction | 7 | 4. | A Brief about the two Companies | 8 | 5. | Standard Costing System | 12 | 6. | Findings | 15 | 7. | Conclusion | 17 | ACKNOWLEDGEMENT We owe much gratitude to all the people who have helped and supported us during the conduct
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Geog 2110 Regional Geography of China Yu Lee Lee 12017973 04-04-2014 Whether China should abolish the one-child policy has been a controversial issue in the society. According to “The effect of China’s one-child family policy after 25 years” (2005), due to the economic stagnation, the limited resources, the baby boomers in 1950s, the Chinese government introduced one-child policy in 1979 for the sake of promoting economic reform, improving the living standard and achieving small-size family
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Chapter 8—The Master Budget LEARNING OBJECTIVES |LO 1 |Why is budgeting important? | |LO 2 |How is strategic planning related to budgeting? | |LO 3 |What is the starting point of a master budget and why? | |LO 4 |How are the
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planning • mission; reason of company’s existence • vision; what to do to reach the mission • objective • strategy; Corporate S.(expansion/ shutdown/ no change) Business unit S. (Differentiation, cost leadership, focus) Operational S. (mktg, finance, HR, R&D) 2. organizing • organization structure • amount of resources • task • Standard Operation Procedure 3. leading
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comes to structuring their marketing plan and strategy because they either already have a strong marketing position to begin with, but to smaller firms they would have to take careful consideration and anticipation to any marketing decisions that uncontrollable external factors will create. In this paper, the author will discuss global interdependence and the effects of trade practices and agreements in the marketing. Also we will relate the significance of demographics and physical infrastructure variable
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measures. We refer to two of these categories as including summary measures because the measures reflect the aggregate or bottom-line impacts of multiple performance areas (e.g. accounting profits reflect the aggregate effects of both revenue- and cost-related decisions). The first category of
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History of Ready-made Garment (RMG) Sector in Bangladesh Now a days textile sector of Bangladesh retains it's top position in global market. This can't be gained overnights. Bangladesh can get it's present position by dint of merit and industry of people of Bangladesh. The base of textile sector was first established in 60th decade of the last century."mercury shirts"which is originated from Karachi started the rmg business first.the industry exported shirts to the European market in 1965-66 first
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Setting direct materials stds: price stds- final, delivered cost of materials, net of discounts; qty. stds- summarized in a bill of materials Setting direct labor stds: rate stds- often a since rate is used that reflects the mix of wages earned; time stds: use time and motion studies for each labor operation Standard cost card: std. qty/hrs x std. price/rate=std. cost per unit Mgt by exception- deviations from stds. deemed significant are brought to the attn. of mgt. Variance investigation should
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cost vs expense Cost and expenditure are closely related. You spend your resources in return for another thing of value. SUMMARY: 1. Cost is used on something that has returns, while expenses are expenditures used on things that depreciate. 2. Cost is reported in the balance sheet because it means more funds will come to the balance sheet after the expenditure. Expense on the other hand, is reported on the income sheet because it will be taking away funds from the income sheet in making the expenditures
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TRANSPORT & LOGISTICS Reverse Logistics in the Supply Chain a report by James R Stock Professor of Marketing and Logistics, University of South Florida James R Stock is a professor of Marketing and Logistics at the University of South Florida, Tampa. He is the author or co-author of more than 90 publications in the area of logistics. His specialities are in the areas of reverse logistics and the marketing-logistics interface. Currently, Dr Stock serves as Editor of the International Journal
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