Fixed cost

in the future. As mentioned in the case, most of the tankers are fully depreciated. In other words, these aged tankers may lead to higher possibility of breaking down during delivery of PHSB. It is considered cost inefficient when high maintenance cost incurred repeatedly because it will cost a boom to PHSB. As a good recommendation, the tankers must be properly scheduled for regular maintenance checks. This is because preventive maintenance can avoid high repair and replacement…

Management accounting is recognised as a working tool for organisations management. It performs the optimum link between labour, materials, machinery, production strategy and control function by supporting the management team in detecting company weak points and providing solutions to improve (Prasad & Sinha, 1990). Concentrates all accounting functions on the company administration with accounting analysis, budgetary control, costing. Also, recognised as the term that best describes the…

the point where marginal revenue equals marginal cost. Marginal revenue can be simply defined as the change in total revenues as a result of an increase of one unit. Similarly Marginal cost on the other hand is the change in total cost as a result of an increase in one unit of production. As such maximize profits, as is the aim of all profit making businesses, is to produce and sell units provided the revenue from additional unit(s) outstrip the cost of producing it or them. By evaluating the…

system: • Handmade cheese; significant due to production costs being heavily influenced by labour costs. • Expanding quickly; require accurate costing information in order to remain efficient and competitive during growth. • No purchasing power over suppliers; focus of managing costs of converting milk into cheese and minimising wastage costs. • Distribution centre centralises quality control, storage, packing and shipping. Support department costs need to be allocated to the functional…

According to research there are several factors that impact cost and being able to analyze these factors is essential in understanding them. When looking at costs there are two types of cost fixed and variable. When looking at these cost factors the organization will need to determine a break even point or use the cost value analysis. As the break-even analysis is a subdivision of CVP most managers tend to use CVP method (Freedman, 2018). These two methods are used in determining the price…

love beaches both states have them. Flying to Hawaii costs $1,500. Flying to Florida cost $378 per person. It takes 2-3 hours to fly to Florida. It takes 9-10 hours to fly to Hawaii. Hawaii is father than Florida, but Hawaii is a tropical island that you will probably get one chance to go to. Hawaii has many options of islands you can go to. Hawaii is made up of 8 islands. Florida has beaches and sun views. Florida is closer to your home and costs less to get there. Florida is like an island…

1. Overview of Expected Results The results expected for the 2018 calendar year for Sun Worship Leisure Wear include:  Sales Income $2,242,500  Cost of Goods Sold $1,509,874  Operating Expenses $ 81,900  Net Income $ 650,726 Should the expected results be realised, Sun Worship Leisure Wear will have achieved a 29% profit margin, indicating positive financial efficiency and stability. Additionally, it is budgeted that Sun Worship Leisure Wear will have having produced 27,470 units,…

adventures. RV Rental Prices Oklahoma Looking into RV rental cost starts with zeroing in on the state of choice for travel. A good online search begins with a phrase like ‘motorhome rental near…

has powerful alliances. In other words, British Airways has developed partnerships with other airlines and makes sure competitive and international development. The threats with which British Airways is faced with are pricing competition. Some low-cost airline, such as Ryanair is ongoing expansion. Then the threat is raising fuel prices. ‘Fuel price increases would represent a significant threat to British Airways, particularly in the highly price-competitive conditions of its core markets.…

Many people do not know what they want to do with their lives. I can honestly say that I am not one of those people. My dream job is being a member of The United States Marine Corps. I want to be a marine because I want to make a difference in the world. I want to save lives and help people. Before joining The United States Marine Corps, I must fully understand the earnings, necessary education and training, and general job description. The first thing that goes through most peoples’ minds is…