upto the BRIC nations to take care of their inherent needs. This marks the rise of outsourcing and exports from India and hence the ever growing opportunities for an Indian entrepreneur. Any technologist with enough and effective experience in the relevant garment export business can run this particular business successfully by which employment opportunities can be created to a number of people of the society so as to change their existing life styles and also to develop the economy of
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transaction cost model Ting-Peng Liang ) , Jin-Shiang Huang 1 Department of Information Management, National Sun Yat-sen UniÕersity, Kaohsiung, Taiwan Abstract Electronic commerce is gaining much attention from researchers and practitioners. Although increasing numbers of products are being marketed on the web, little effort has been spent on studying what product is more suitable for marketing electronically and why. In this research, a model based on the transaction cost theory is developed
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organization. Key words: Healthcare Management, Cost Management, Activity-based costing, Introduction In the last decade, many non-profit and hospital organizations started to face difficulties and challenges in balancing limited resources and costs to provide their demand for services. Due to the introduction of modern medical techniques and medicines and consequent increase of consumed costs, many hospitals are under pressure to adopt more advanced cost management techniques usually utilized only
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A previously incurred cost which will not change in the future is a(n) opportunity cost. historical cost. fixed cost. sunk cost. 2. Specik, Inc. is considering the following alternatives: Alternative 1 Alternative 2 Revenues $120,000 $120,000 Variable costs 60,000 70,000 Fixed costs 35,000 39,000 Which of the following are relevant in choosing between the alternatives? Variable costs Revenues Fixed costs Variable costs and fixed costs 3. Sorrento Company's plant is operating at less than full capacity
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The Nature of Cost Accounting Cost accounting has been defined by many accounting scholars in various forums. There is no one watertight definition of cost accounting, but the various definitions all point to certain common aspects about the subject. Below are some definitions by certain authorities : “That part of management accounting which establishes budgets and standard costs and actual costs of operations, processes, departments or products and the analysis of variances, profitability or
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and the long-term perspective are treated separately. In the short term, cost or profit comparisons can be used to determine what to “make” and what to “buy.” More important, however, is the long-term question of who should make the often specific investments required for production, transportation, and inventory processes. According to Coase and Williamson, the boundaries of the firm should be determined such that the costs of coordinating economic activities are minimized. They depend on the nature
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IS/PM 535 Assignment #1 Analysis of IT Cost Structure This assignment requires you to apply your knowledge about responsibility centers, cost drivers, and cost structure (classification and behavior) in the context of four types of services provided by an information technology organization: 1. IT help desk service 2. E-Mail Service 3. Enterprise systems (e.g., financial, HR, DePaul’s student registration systems ) 4. Website development service. Follow these steps in your analysis: 1
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of an individual decision maker. 3. Alton Company produces metal belts. During the current month, the company incurred the following product costs: Raw materials $100,000 Direct labor $75,000 Electricity used in the Factory $25,000 Factory foreperson salary $3,750 Maintenance of factory machinery $2,000 Alton Company's total product costs: A. $175,000. B. $30,750. C. $205,750. D. $28,750. Particulars Amount Raw materials $ 1,00,000 Direct labor $
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to analyze the proposal and make a recommendation to either accept or reject it. Your analysis must include critical thinking and analysis supported by evidence using independent references. Your analysis must also include any biases that might be relevant to the proposal. The analysis must be Word document, 2 to 2 and ½ pages long, not including the Title Page and Reference List. The analysis must be presented in proper APA, 6th Edition formatting, including a Title Page with properly formatted Running
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objectives of Cost Accounting are as follows : * Ascertainment of Cost * Determination of selling price * Cost control and cost reduction :Cost reduction refers to the achievement of Real and permanent reduction in the unit cost of goods manufactured or services rendered without impairing their suitability for the use intended or diminution in the quality of the product. * Ascertaining the profit of each activity :The profit of any activity can be ascertained by matching cost with the
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