Cost accounting

advantage they must chart either one of three generic approaches, established by Porter. Cost leadership is the initial strategy in which Tesco can endeavour to have the bottommost costs in the business as well as propose its goods and services to a comprehensive marketplace at the bottommost charges (Felgate & Fearne, 2015). This strategy would be grounded on the Tesco’s aptitude to regulate their working costs so sound that they are proficient to price their merchandises competitively as well…

for higher prices, while buyers would offer less for certain goods or services. Through deals, they would come to a mutual agreement of price acceptance. Price is the only attribute in marketing mix that yields revenue, all other attributes produce costs (Kotler, 1997). Companies often use different pricing techniques to stimulate early purchase specially to accommodate differences in customers, products and locations. Marketers often refer to such pricing as discriminatory. Price…

after, during operations. 3. Tax Policies • Value Added Tax (VAT). Paid monthly using BIR form 2550M, this is the tax charged on the difference between your acquisition cost (including direct material expenses) and your selling price. The key point here is that the basis will be only on the “value” you added to your product cost. If you have a large profit margin, you will be paying more value added tax even if you do not earn any net profit. Companies whose projected sales are expected to be…

Aldi uses a Cost-Focused competitive strategy. This can be seen by the way that Aldi takes more consideration of the middle class people that live in rural and suburban areas by introducing the lower prices on most of its products. Aldi focuses more on high volume and fewer products, so that they are able to increase their sales and still offer lower prices. Another thing that Aldi does to implement the cost-focused competitive strategy is that they are not open for twenty-four hours like many…

everyday because other people want to drive and text. I agree with the no texting while driving. In fact, if you drive while texting you are putting your life in danger. You are also putting others life in danger. The repairmen of your car and injury’s cost millions of…

Continuance Commitment: Continuance commitment is the “need” component or the gain/loss of working in an organization. Continuance commitment is the degree with which employees realize that if they left the organization, the loss of it would be greater than the benefit. The perceived losses can be monetary (pay and benefits); social (friendship); or professional (might have seniority). If there is higher level of continuance commitment, the degree of attachment with the organization will be…

An unannounced follow-up and monitoring inspection was conducted on 1/26/2016. I arrived at the operation which is located at 201 E. Main St. New Boston about 6:50 am. I was greeted by Sandy Lewis the assistant director. I explained the purpose of my inspection and reviewed the subchapters I would be observing. Sandy called Moneta Shavers the director and she arrived approximately 45 minutes later. I prepared for the inspection by reviewing frequency of inspections made, observing the…

number of firm, the more difficult for new rivals to enter into the market. Coke and Pepsi have been opened for business since the 1800’s. Today, they are very well established, with deep roots everywhere. They have advanced technology to reduce the cost of production. They also have well-managed distribution channels bottlers, and suppliers. They also know their customers very well. Since they are the two most dominant cola companies, they have huge sale volumes. When new rivals enter the…

Alternative 1 • The cost of new hardware for all 15 computers would run $75,000 • Training for all employees would cost $25,000. • The cost of hiring one a new tech would be $175,000. Assigned to work under Dave’s team • The cost of a new hardware service policy (to reduce outage times) would be $20.000 more a year.  The total cost would be $295,000; leaving $105,00 leftover for end of the year shortfalls. Bias Impacts The bias that could impact this alternative…

hard to get a well paying job without some sort of schooling outside of high school, so getting a degree can be considered a necessity for future prosperity. I think it is unrealistic, at this point, for the government to provide free college. The cost would just add onto the trillions we already have in debt. By expanding financial aid it will help with limiting the amount of debt college graduates have, which in turn will help our…