Costs

Wages paid to an assembly line worker in a factory are a  2. Question : (TCO A) A cost incurred in the past that is not relevant to any current decision is classified as a(n)  3. Question : (TCO A) Depreciation of office buildings and office equipment is also known as  4. Question : (TCO […]

Accreditation refers to the recognition given to institutions which have fully met specific standards of educational quality by an agency or an association. In the US, the relevant agencies undertake a review of education quality at all levels including elementary, secondary, colleges and universities. The agencies set basic standards reflecting the qualities of sound educational […]

Hours of design time| Facility-level| General factory administration Plant building and grounds| Direct labor-hours* Direct labor-hours*| *Facility-level costs cannot be traced on a cause-and-effect basis to individual products. Nevertheless, these costs are usually allocated to products for external reports using some arbitrary allocation basis such as direct labor-hours -Unit-level activities- are performed each time a […]

The author was tasked with setting up an activity based costing (ABC) system for a not-for-profit organization. The first thing done by the author was to use the internet to research the use of ABC systems for non-profits. The result was the conclusion by the author that QuickBooks’ class feature could be used to track […]

As Reichart had been an assistant project manager and thereby involved in the trophy project from its conception, he was made project manager for the project once the project was accepted by the company. From the very beginning Reichart faced issues that would be fatal to the project. The management functions of planning, organizing, staffing, […]