costing: KLM Inc. makes a single product. Actual data for the year are as follows: Selling price per unit $20 Variable costs: Direct material used per unit 2 Direct labor cost per unit 5 Variable manufacturing cost per unit 1 Variable selling cost per unit 1 Annual fixed costs incurred: Manufacturing 240,000 Selling and administrative 105,000 The firm began the
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What are the attributes to be considered for evaluating any investment project in Bangladesh? Answer: By project we mean a plan or proposal; a scheme or something undertaken, especially something requiring extensive planning and work. For implanting a project there is need proper management of project for getting the desire outcome. By project management we understand that organizational management system that assigns employees to specific projects teams when special projects are contracted
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Principals. | | C. should not be prepared prior to the end of a fiscal reporting period. | | D. should be prepared according to the stated Institute of Management Accounting guidelines. | Response Feedback: | Rationale: There are no specific standards for preparing managerial accounting reports. They should be tailored to meet the needs of each individual organization.LO: LO: 1Topic: Managerial Accounting Reports | | | | | * Question 3 1 out of 1 points | | | Financial accounting
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Financial Reporting Standard for Small and Medium Size Entities: IFRS FOR SMEs 1- Introduction Now days the word has become one global market where there is no border for business to operate. To help facilitate that globalization, businesses have to present their financial statement on the same basis as its foreign competitors, making comparisons easier. That why the use of the International Financial Reporting Standards (IFRS) which is a set of accounting standard is necessary
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xed-prize tournaments, are based on relative performance, the prize to be awarded is not set in advance but is a function of the rm's success: the prize is high if the rm is successful and low if it is not successful. Relying on a simple model of cost minimization, we are able to show that premium incentives outperform xed-prize tournaments as well as piece rates. Our theoretical result is qualitatively con rmed by a controlled laboratory experiment and has important practical implications for
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"battery eliminator," which allowed the consumers to operate radios directly using household current instead of batteries. * After the continuous invention in 1986, Motorola invented the Six Sigma quality improvement process. * It became a global standard. What is training? * Training is the acquisition of knowledge, skills, and competencies as a result of the teaching of vocational or practical skills and knowledge that relate to specific useful competencies. Evolution or growth of training
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for high performance. A piece work operator could care less about a fellow operator’s performance. The relative productivity of each individual can be readily determined. Likewise, actual time spent on specific jobs is also easily determined and standards set. Individual incentives work best on singularity of product and long runs. They lose their effectiveness and are usually costly to maintain in a high style, fast in-process turnover environment. Group Incentives Groups attempt to empower people
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in the face of the high levels of uncertainty that the industry as a whole faces. The biotech industry is truly what one would describe as a high-risk, high-reward venture. Because Mogen and the rest of the industry faces strict and rigorous standards set by the FDA, projects often fail or have extremely long lead-times, making investments riskier and additional compensation a must compared to most other industries. Many research efforts lead to failed projects due to FDA rejection and other projects
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bonuses, commissions, cash awards and lump sums. Variable pay can be in the form of short-term (one year or less) or long-term (two years or more) incentives/bonuses and employee ownership programs. “Incentives” are plans that have predetermined criteria and standards, as well as understood policies for determining and allocating rewards. “Bonuses” are awards delivered at the end of the period, based on a subjective judgment as to the quality of performance and the rewards that are warranted.
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Financial Ratios & Other Financial Analysis Tools Here is a list of many ratios used to analyze a company's financial condition - along with an explanation of why they are considered to be important. Liquidity Ratios * Current Ratio * Acid Test Ratio * Average Collection Period Coverage Ratios * Times Interest Earned * Net Income + Non-cash Exp / Current Portion of LT Debt Leverage Ratios * Fixed Assets / Tangible Net Worth * Debt to Tangible Net Worth
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