Marginal Costing Dr. Shubhra Product Costing There are mainly two techniques of product costing and income determinationAbsorption Costing: This is a total cost technique under which total cost (i.e., fixed cost as well as variable cost) is charged as production cost. In other words, in absorption costing, all manufacturing costs are absorbed in the cost of the products produced. Marginal Costing: An alternative to absorption costing is marginal costing, also known as ‘variable costing’
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Introduction Danshui was a contract manufacturer that assembled electronic products located in Southern China. Danshui has a contract to assemble 2.4 million iPhones within the period from 1st June 2010 to 31st May 2011 and their current production is only 180,000 units per month compared to planned production is 200,000 units. Danshui is using semiskilled labor for less than 1 dollar an hour and assembly line technique. Due to high demand of IPhone 4, Apple had contracted with Danshui to assemble
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capacity to persuade a group to work toward the accomplishment of a company's organizational goals. It depends on the personality traits of the individual exercising the power. There are five types of organizational power: reward, coercive, expert, legitimate and referent. Reward and coercive power are commonly used within organizations. However the use of these two together can decrease the power of the individuals over time. 5 Types of Managerial Powers in ME: by Justin Johnson, Demand Media
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Company is originally called Total S.A. Total S.A. is a French multinational oil company and one of the six "Supermajor" oil companies in the world. Its businesses cover the entire oil and gas chain, from crude oil and natural gas exploration and production to power generation, transportation, refining, petroleum product marketing, and international crude oil and product trading. Total is also a large-scale chemicals manufacturer. The company has its head office in the Tour Total in the La Défense district
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Chapter 28 MANAGEMENT ACCOUNTING SYSTEM DESIGN Changes from the Twelfth Edition All changes to chapter 28 were minor. Approach A brief summary chapter seems to help students consolidate their previous topic-by-topic learning, and they appreciate such a chapter for final exam study preparation. The summary of the many different adjectives placed before the word “cost” and the concepts behind these adjectives is useful. However, because there is no conceptually new material here, one
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Course Project Leadership and Organizational Behavior in Action Title: Evaluating Reward Systems GM 591: Leadership and Organizational Behavior Table of Contents Introduction....................................................................................................................... 4 Problem statement.............................................................................................................. 4
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income from selling one or more unit of a good. Marginal revenue is the measurement of change in total revenue divided by the change in quantity sold. This then leads us to the company’s total revenue or total receipts of the company from the sale of any given quantity of product. Total revenue can also be known as a company’s turnover. In economics and finance marginal cost is the change in total cost that arises when the quantity produced changes by one unit. For instance when building machinery
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MAIN ISSUE A part from reading the Danshui Plant No.2 case, we can see that there is no enough information to evaluate the performance of the pant for the first three contracts to assembly Apple iPhone 4. Analysis of the issue To get a clear picture a flexible budget was prepared for the month end of August 2010. (Shown in the table below) From the flexible that is prepared it can seen the performance of Danshui Plant NO.2 is not good enough as what it suppose to be. The budget show that Danshui
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conditioning are the consequences of behavior that influence the likelihood of that behavior to be repeated. A drug addiction is a form of dependency that dives into the reward systems behavioral change. With a drug addiction, the drug acts as a reward, or positive reinforcement, and with the repetition the association between response and reward becomes stronger and stronger. An important principle for understanding problematic drug use is the immediacy that comes from the reinforcement. It has been established
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one learns that if you do this one action, another will follow in response; a reaction to one’s action. This reaction can be either a reward or a punishment. For instance, you train a dog to do a trick such as, shake hands or roll over. You do this while holding a treat to entice the animal to do said trick. Once the trick is done, the pet then reaps the reward. After doing this many times, the pet then knows that if it does this trick, it will get a treat. Now in the case of classical conditioned
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