Direct costs are those that can be "attributed to the production of specific goods or services" (Investopedia, 2013). They can be labor, materials or other expenses. In contrast, indirect costs are those that cannot be directly attributed -- at least Continue Reading...
Direct cost is a cost that is involved specifically and directly in the production of a good or service (No author, 2013). For example, in the production of a hamburger direct costs would be the ingredients. If the person cooking the burger only cook Continue Reading...
Business 315 and Analyzing Direct Costs Analyzing Costs It is crucial for an organization to properly calculate semi-variable costs in order to allocate indirect and direct costs. These costs govern over direct materials, which are "materials that Continue Reading...
The raw materials needed as ingredients for detergents require extraction from natural resources, and extraction costs increase as the amounts needed rise. This means that it costs more to use more materials and thus produce more detergent, making m Continue Reading...
Managerial Accounting for Sleepease Ltd. "Identify, discuss and critically evaluate the advantages and problems of using the following costing methods for internal reporting purposes": absorption costing; marginal costing. "Refer to Continue Reading...
Costing Financial Accounting-Variable Costing How is managerial accounting different from financial accounting? Managerial Accounting refers to the processes in application by the company or business organization to identify, measure, analyze, in Continue Reading...
Even the lowest-level managers and employees are empowered to make decisions and have that valued democratic voice. ADVANTAGES: An advantage of this form of measurement is that it tends to be more encompassing, since it accounts for all uses of ca Continue Reading...
Introduction The delivery health care system takes into account the assimilation of physicians, healthcare facilities, together with other medical services with plan to facilitate the provision of the total continuum of medical care for its consumers Continue Reading...
costing system for use within the Company. Costing systems serve a valuable role in monitoring the health of a company. They are designed to keep a focused eye on expenditures. When the data that is collected and generated by the costing system is Continue Reading...
10 4 Collaboration on Cost-effectiveness Analysis This evidence-based project has addressed the use of bilingual interpreters in enhancing patient-provider communication during provider visits in comparison to using family members as interpreters. Continue Reading...
Themido, I., A. Arantes, C. Fernandes & A.P. Guedes. (2000). Logistic costs case study: An ABC approach. The Journal of the Operational Research Society, 51 (10): 1148-1157 Stable URL: http://www.jstor.org/stable/253927 The use of Activity-Ba Continue Reading...
Public Transport Subsidies Public transportation represents an example of a social policy that has some economic implications as well. A typical public transportation system will carry with it varying degrees of self-sufficiency. In some cities, far Continue Reading...
Cost analysis of Search & Rescue Dogs Costs and benefits of using search and rescue dogs Search and rescue dogs "are the hard-working heroes of disaster relief, but it's all a game to these talented canines. Finding a victim brings a reward -- Continue Reading...
Direct Selling A lot of companies are resorting to marketing one-to-one or concentrating on a narrow niche. For this reason, the respective corporations find it preferable to make use of direct communication with their clients who are typically a sm Continue Reading...
Joint costing systems should bear in mind the legal constraints on the use of such systems, and should provide accurate information to managers in order to be most useful in the managerial accounting context. Firms need to remain competitive, which Continue Reading...
Direct to Consumer Advertising HISTORY OF DRUG ADVERTISING THE DTC ADVERTISING PHENOMENON CREATING DEMAND DECEPTIVE ADVERTISING - A WOLF IN SHEEP'S CLOTHING CAUSE OF DEATH PROFIT UTILIZATION, PRICING, AND DEMOGRAPHICS LEGISLATION, POLITICS AN Continue Reading...
Dibsa should turn towards the market-based pricing strategy, which sees the implementation of competitive prices for the 3-in-1 Lawnmower. The selection of this combination of strategies would generate several impacts upon the company, but most of t Continue Reading...
An inmate-to-staff ratio in direct-supervision pods of up to 50-to-1 (84). Different communities and states have elected different facilities to provide direct supervision of prisoners as well. For example, direct-supervision dormitories have been Continue Reading...
DIRECT INSTRUCTION refers to the model of instruction developed by Engelmann in 1960s whereby he focused on a specific design of teaching and learning to prove that every child learns when instruction method is appropriate. In other words, "The Direc Continue Reading...
Direct IMPACT that Catholic Voices had on the media contributing to the perceived success of the Pope's visit in 2010 amidst the volatile negative climate surrounding the Catholic Church in that year Even if people are interested in knowing about va Continue Reading...
In general it has been found that, "It allocates responsibility with the success of unit operations among staff and inmate commensurate with rank" (Schriro). Other positive aspects of the direct supervision system are that it has also been found to Continue Reading...
Direct Marketing: JIFFY LUBE Jiffy Lube, one of the nations leading competitors in automotive preventive services, has been in business to promote the maintenance and value of automotive vehicles for several years. The company offers maintenance ser Continue Reading...
Direct Compensation and Fringe Benefits Fringe benefits refer to those elements of the total compensation package which are apart from the monetary payment made to an employee by the employer (Schuler and Jackson, 1996). These can include "employer' Continue Reading...
Another example of pure job costing is web development, where the processes themselves vary hugely from project to project, meaning the cost and time involved also varies. Response Dosch & Wilson (2010) do seem to do a good job of defining job Continue Reading...
" (Thomas, Hutcheson, Porterfield, and Pierannunzi, 1994) Summary and Conclusion It is clear that employee turnover is very costly to organizations and as noted in the introduction of this study employee turnover rates are as high as 23.4% in some Continue Reading...
Accounting a) i) Using direct labour hours as the cost driver for the overhead costs, the following table presents the net profit calculation for each line of motorcycle: Vroom plc Total Profit Driver: Direct labour Sunshine Roadster Fireball Continue Reading...
AT&T Cost and Price Cost and Price Analysis -- AT&T Company Overview The AT&T Government Solutions business is currently headquartered in Oakton, VA and is composed of over four thousand scientists, engineers, and analysts; many of whi Continue Reading...
Microeconomics Economic costs are both the direct costs and the opportunity costs of a decision. There are a number of types of costs that are discussed in economics disciplines. These can be direct and indirect costs, but more common costs are thin Continue Reading...
Many managers who already are involved with competition in time-based industries realize that manufacturing strategy is often influenced by the traditional cost management system and this proves to be a mistake as time management system might have w Continue Reading...
Managerial Accounting Cost-volume-profit analysis is a tool used in managerial accounting that helps companies to determine the level of production (and sales) required by the company to break even. In CVP analysis, costs are separated into fixed an Continue Reading...
Allocation Keeping track of the costs is a crucial part of running a business. Cost allocation is assigning common costs to several cost objects. Cost allocation methods are used as a management accounting tool that helps in getting an accurate ide Continue Reading...
Gun Laws Cost-benefit Analysis: Cost Benefit Analysis (CBA) is the method with the help of which the answer to the question of "did the spending serve its purpose?" is obtained. It is an analytical process of measuring the utility of an interventio Continue Reading...
Absorption costing is a costing method which treats all costs of production as product costs without considering whether these costs are variable or fixed (AccountingforManagement, 2013). Under the absorption costing method the cost of a unit product Continue Reading...
Categories of Cost Cost can be divided into following six categories: Variable Costs Fixed Costs Semi-Variable or Mixed Costs Total Production Costs Direct Costs Indirect Costs (Overhead) Variable Costs: Variable costs are those costs that ch Continue Reading...
Activity-Based Costing in a Service-Based Organization Activity-Based Costing operates on the conventional approach and applies a two-stage allocation instruction and other cost drivers. First, the system identifies the important activities and ove Continue Reading...
Activity-based costing (ABC) employs numerous cost groups, organized by activity, in the allocation of overhead costs. The conception is that activities are necessitated to generate products, basically activities, such as procuring materials, setting Continue Reading...
Budgeting and Cost Estimation The top-down budgeting approach is the preferable approach. Through the strategy, there are better cost control and management. It employs the experience of top management for better and realistic project approximations Continue Reading...
Strategic Recommendations for a Reduction of Operating Costs for Burn Care Unit Burn Care Unit is a healthcare organization operating the 40-bed unit. Since its formation, Burn Care Unit business has been profitable with an increase in revenues, how Continue Reading...
Managing the Hidden Costs of Information Technology Information technology is an increasingly critical aspect of organizational functioning, thus most organizations can not afford to operate without it. There are many costs, direct and hidden howev Continue Reading...
