Cost driver

Q1. The existing cost system in the Cambridge University network is step-down cost system that allocates overhead to support cost centers and service cost centers. By considering cost drivers such as FTE’S, sq. footage, they calculate the rate for each cost center and then allocate the cost. This method, emphasizing on the amount charged for a procedure, provides the clear aggregate cost information in the unit of department or cost center and suitable for cost-based reimbursement system.…

interviewing employees. Main concerns were high overhead in terms of overtime due to misplacing furniture in the warehouse. CEO understands and agrees that this training is needed to lower overhead; have better communication with warehouse and truck driver; and reduce drastically her overhead. References Biech, E., & Bingham, T. (n.d.). Training and development for dummies. Bolton, R., & Bolton, D. G. (n.d.). What great trainers do: The ultimate guide to delivering engaging and effective…

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…

Change is everywhere. In today’s business world, change is inevitable. To prosper and survive in the modern business environment, organizations must be aware of the drivers that stimulate change and implement initiatives in response to these changes. These drivers can include new competition, unfavorable economic conditions, and increased cost of raw materials, to name a few. Transformation planning is a process of developing a strategic plan for changing an organization’s systems, processes,…

ability to reveal the hidden sources of profitability and embedded cost, and to serve as a catalyst for decisions to improve profitability (Turney, 2008). For example, manufacturing indus-tries, financial institutions have diverse products and customers, which can cause cross-product or cross customer subsidization. Since personnel expenses represent the largest single component of non-interest expenses in financial institutions, these costs must be allocated accurately to products and…

problems occur while system start-up, running a program or a function. Fixing the errors is very much like the resolving of the .dll issues. Why download dll files? There are genuine websites that engage in selling credible software items often free of cost. Users while facing issues pertaining to the dll or mui files can check such websites and download audiosrv.dll for windows 8, vista, XP. After that one can replace the corrupt file with the downloaded copy of the file in context. This…

evaluate curb parking with a price. This price should be high enough to keep some vacant parking spaces for drivers who wants to park their cars near their destination. The market can determine the price according to parking demand. The market price balances parking demand and supply without additional construction and maintenance cost (Shoup, 2002). Instead, reducing various facility costs is one of the most important benefit of parking pricing (Litman, 2009). Charging for curb parking has…

Question 1 What is a supply chain system? A supply chain system is the flow of material which may be considered as raw, which in turn is transformed, and then sold to customers. This flow of material is normally split into three parts, which are the Upstream, Internal and Downstream. The Upstream is where the procurement of the material or multiple different materials is done. In a case where to produce a particular product, several raw materials are needed, then the different companies which…

high risk road. The overall cost of a sign includes production, installation, and maintenance. This information was extremely difficult to obtain, therefore an estimate has been created. The base cost for a wildlife warning sign is $175 (Seton, 2017). It is then estimated that installation costs are $120 per sign, and maintenance is $60 per year. Therefore, the total cost of a sign as estimated by Eco Logical Australia is $355 each. The twenty recommended signs will cost approximately $7100.…

a function of material costs. Management believed using “material costs” as an allocation base made sense because thicker products (containing more material per lineal foot than thinner products) required more machine time to process as they demanded slower machine speeds. Additionally, drying time and energy consumption increase with thicker basis weights. (See Exhibit 1 for material costs associated with each product, or grade.) Thus, unit level (or volume-related) drivers made sense for…