Cost accounting

(2) Human resource activities that MNCs must face on international assignment According to paragraph (1), there are so many differences between international human resource management and domestic human resource management. Comparing HR activities between IHRM and DHRM, there is very less in similarities and so many differences. Among these differences, we will discussing two HR activities (1) staffing and (2) compensation and benefits for highlighting HR activities only need for IHRM and not…

the 40% increase in standard costs and was asked to find better ways to calculate product costs and gross margin. Problems with Standard Cost Calculation: ● Decreasing cartridge margins - raised questions about the long-term profitability of the business. ● Fluctuating month-to-month…

of 3D components to be carried out much easier when industrial robots is used. The shorter wavelength of Nd:YAG lasers in comparison to CO2 lasers enables better beam absorption by metallic materials. However, Nd:YAG lasers are more expensive and costs more to run compared to CO2 lasers. The lasers that are used in the LMD process either be used in continuous wave (CW) or pulsed wave (PW)…

that should be achieved? The answer is minimization of the workstations and maximization of the production rate. Line balancing is one of the most effective that can be used to improve the output of assembly line by reducing worker’s requirement and costs. The manufacturing assembly line was first introduced by Henry Ford in the early 1900’s. It was designed to be an efficient, highly productive way of manufacturing a particular product. The workstation is considered to be any point on the…

Strength: 1. A New Unit – Starting from the scratch, will enable us to install the latest and the most upgraded machines, though it is a labour intensive project during the beginning period. Installing the latest machinery will drive the per-unit cost and other overhead expenses down to the minimum and will also ensure the quality as per the International Standards. 2. Labour Intensive – The firm will be labour intensive during its early stage. The requirement of skilled worker will be…

Management accounting is extremely beneficial for any business leader. It is futuristic. The tools and techniques of management accounting give a lot of insights through which proper decisions can be made by maximizing the profits and minimizing the costs of the company. With the help of management accounting, managers will be able to do three major tasks – Planning, Controlling and Decision Making (Reference 20). These three are the most important tasks for any organization in order to run…

of these people are in constant possession of an EpiPen, an auto-injector containing epinephrine used to reverse anaphylaxis (“Anaphylaxis,” 2016). However, in recent years the price of the EpiPen has increased substantially; a two-pack currently costs $609 (Pollack, 2016). Because Mylan commands around 85 percent of the epinephrine auto-injector market, almost all of those at risk have been affected (Herrick, 2016: 2). Concerns about drug price increases, like the EpiPen’s, have caused…

Abstract: The Port of Singapore has a multi-pricing structure. The costs are arranged in three categories: port-calling costs, terminal-handling costs and concession pricing. Port-calling costs are the costs of all services offered to the vessel, ranging from access to quay or terminal, to pilotage, to the supply of water and bunkering, i.e. they encompass all ship-handling costs. Terminal-handling costs comprise costs for loading or unloading, storage, customs clearance, repacking and…

parallel way since it's twofold the first wage and you can now bear the cost of twice as a great part of the great. 2. Describe the utility maximizing condition in words. To maximize satisfaction, the consumer should allocate their money income so that the last dollar spent on each product yields the same amount of extra marginal utility. When making a purchase decision, a consumer tries to get the greatest…

Compare, contrast and explain economic profit and accounting profit. Be sure to explain any terms. Economic profit and accounting profit both calculate gains and losses of production. Accounting profit calculates total revenue subtracting explicit costs. Explicit costs are the physical costs of production such as capital spent in production. Economic profit also calculates total revenue, but also subtracts implicit costs, which are the opportunity costs of production. One uses Economic profit…