Abc System - 26363 Words

C H A P T E R F I V E INTRODUCTION TO COST MANAGEMENT Activity-Based Costing and Management After studying this chapter, you should be able to . . . 1. Explain the strategic role of activity-based costing 2. Describe activity-based costing (ABC), the steps in developing an ABC system, and the beneï ¬ ts and limitations of an ABC system 3. Determine product costs under both the volume-based method and the activity-based method and contrast the two 4. Explain activity-based management (ABM) 5. Describe how ABC/M is used in manufacturing companies, service companies, and governmental organizations 6. Use an activity-based approach to analyze customer proï ¬ tability 7. Identify key factors for successful ABC/M implementation PART I†¦show more content†¦Note that whether the proportions used are based on units of product, direct labor hours, or machine hours, each of these is volume-based. But if, as is usually the case, the usage of these activities is not proportional to the number of units produced, then some managers will be overcharged and others undercharged under the volume-based approach. For example, suppose Al insists on more frequent inspections of his production; then he should be fairly charged a higher proportion of overhead (inspection) than that based on units alone. Moreover, why should you pay any portion of fabric cutting if your bedroom furniture does not require fabric? Another consideration is that the volume-based method provides little incentive for the manager to control indirect costs. Unfortunately, the only way you could reduce your share of the indirect costs is to reduce your units produced (or hope that Joe and/or Al increase production)—not much of an incent ive. On reï ¬â€šection, the approach that charges indirect costs to product based on units produced does not provide very accurate product cost for you or Joe or Al and certainly does not provide the appropriate incentives for managing the indirect costs. The solution is to use activity-based costing to charge these indirect costs to the products, using detailed information on the activities that make up the indirect costs—the materials handling, inspection, fabric cutting, and materialsShow MoreRelatedABC Furnitures Need for a Mobile Application System Essay1567 Words   |  7 Pages Executive Summary ABC Furniture’s has requested recommendations as to whether to build or buy the system for the proposed mobile application. This report supports a combination of software that can be bought off the shelf that has the controls and foundation in place for rapid deployment, while allowing custom configuration to meet the specific needs of the company. Introduction ABC Furniture’s has identified a need to implement a mobile application which will allow customers to securely viewRead MoreA Report On The Abc System861 Words   |  4 Pagesthat the ABC system is relatively new to cost accounting; however, some industries within the government and non-profit agencies use the system for improving cost determination. Additionally, the ABC system is utilized to maximum profitability, while ensuring adequate resources is available to meet demand (Kirche et al, 2005). However, in order for firms to adopt a costing system, managers must understand how beneficial the system can effectively improve the firm’s profits. An ABC system identifiesRead MoreA Report On The Abc System1280 Words   |  6 Pagesthat the ABC system is relatively new to cost accounting; however, some industries within the government and non-profit agencies use the system for improving cost determination. Additionally, the ABC system is utilized to maximum profitability , while ensuring adequate resources is available to meet demand (Kirche et al, 2005). However, in order for firms to adopt a costing system, managers must understand how beneficial the system can effectively improve the firm’s profits. An ABC system identifiesRead MoreThe Emergence of Abc Systems3874 Words   |  16 PagesActivity Based Costing (ABC) The emergence of ABC systems During the 1980s the limitations of traditional product costing systems began to be widely publicised. These systems were designed decades ago when most companies manufactured a narrow range of products, and direct labour and materials were the dominant factory costs. Overhead costs were relatively small, and the distortions arising from inappropriate overhead allocations were not significant. Information processing costsRead MoreAbc Costing System2276 Words   |  10 Pages5-47 ABC and TOC  Ã‚  Ã‚  Ã‚  Ã‚  Discuss the similarities and differences between activity-based costing and the theory of constraints, as well as situations in which one approach might be preferable to the other. 5-48 Cycle time efficiency and JIT  Ã‚  Ã‚  Ã‚  Ã‚  Walker Brothers Company is considering installing a JIT manufacturing system in the hope that it will improve its overall processing cycle efficiency. Data from the traditional system and estimates for the JIT system are presented here for their Nosun Product: Read MoreAnalysis Of Abc Company s Competitive Advantage Essay1940 Words   |  8 Pagestime consuming as cooperation from suppliers is vital. The primary internal stakeholder’s that are pertinent to project completion are internal employees, management, and ABC Company’s parent company. The primary external stakeholder’s are OE manufacturer vendors and remanufacture vendors, since these suppliers prosper when ABC Company thrives. All of these stakeholder’s are essential resources in order to complete the proposed projects. Department managers will be responsible for gathering informationRead MoreBusiness Analysis : Abc System944 Words   |  4 Pagescompany, or firm there will always need to be some way or system that they use to see and calculate how they are doing cost wise. Some companies think that production is going because of the system that is being used. But in reality a company can either be undercosting or overcosting their total cost that they should be using for a job that they produce. If a company doesn’t break down everything they will never really know if the system is hurting or benefiting the company. So when it comes to companiesRead MoreSwot Analysis : Abc Costing System1605 Words   |  7 PagesPortfolio 2, ABC Nowadays, the development of technology allow the company reduce the cost from direct labour and material cost, but the indirect or overhead cost become significant high. Therefore, price decisions on each product become essential. ABC costing system is a form of splitting overhead costs into different overhead activities. The costs are then allocated to products or projects proportionally by their cost driver activity levels. In another words, this system result the manager toRead MoreSrs for Abc Loan Management System1487 Words   |  6 PagesSoftware Requirements Specification for Placement Automation System Version 1.0 The LNMIIT, Jaipur 23-Jan-2011 Table of Contents Table of Contents ii Revision History ii 1. Introduction 1 1.1 Purpose 1 1.2 Document Conventions 1 1.3 Intended Audience and Reading Suggestions 1 1.4 Product Scope 1 1.5 References 2 2. Overall Description 2 2.1 Product Perspective 2 2.2 Product Functions 4 2.3 User Classes and Characteristics 4 2.4 OperatingRead MoreUsing An Activity Base Costing ( Abc ) System1294 Words   |  6 Pagesactivity base costing (ABC) system will help managers with many of these issues. Although an ABC system mainly identify costing of products and services, it is also capable of assigning costs to other resources. Furthermore, the approach identifies indirect costs in more details and take other activities into consideration when loading costs (Apak et al, 2012). Yaya (2011) added that while periodic financial statement reporting is based on the cost of resources provided, an ABC system also includes cost

Iago in Shakespeares Othello Essay - 1381 Words

William Shakespeares Othello is a remarkable tale of trust, deceitfulness, lust and the most destructive of human emotions: vengeance and hatred. Iago better known as Othellos antagonist embodies vengeance and hatred to move an agenda to squash all who oppose Iagos plans. As defined by Merrium-Webster the definition of a protagonist is a principal character in a literary work or a leading actor, character, or participant in a literary work. Othello by Shakespeare is a play about Othello an example of a tragic hero with all figures centered around Othello as the protagonist yet, Othello has two main leading characters. Iago and Othello have stark contrasts as leading roles and different themes represented through the actions, words, and†¦show more content†¦As a masterful leading machiavellian character Iago exploits the flaw all characters poses in Othello which is faith versus doubt in others. A powerful role to mold an entire play behind the goal of a singular entity under the eyes of a scholar qualifies as a protagonist( Hull). Iago breaks the boundaries that define antagonist or protagonist by being complex enough and having enough lines that place him on par if not above Othello (West 42 ). The main flaw in the protagonist argument is how Iago is a static character without any clear transformation. Evidence from his lack of change exist in act one and to the final act is continuously lying and trying to create chaos. Antagonist or protagonist Iagos actions qualify as morally wrong when usually a protagonist that drives the plot is working for good; however, by definition a protagonist is not inertly of good moral code. ( Hull) Iago has an interesting set of flaws and advantages showing characteristics of a psychopath. Without flaws Iago would lose his humane characteristics and potentially lose the audiences interest ( West 13). Iago has no positive moral compass and an unexplained desire to destroy friend or foe even after the fact that Othello m urders Desdemona qualifies the character as psychotic. Iago even recognizes his planning of evil actions to ruin Othello as simply a game Let us be conjunctive against him. If thou canst cuckold him, thou dost thyself a pleasure, me a sport. (Act 1 SceneShow MoreRelated Iago in Shakespeares Othello Essay1128 Words   |  5 PagesIago in Othello  Ã‚      In William Shakespeare’s tragic drama Othello we see a morally depraved character, perhaps a very mentally sick individual, named Iago. His personality and development during the play is the subject of this essay. In Shakespeare’s Four Giants Blanche Coles comments on the mental illness that appears to afflict the despicable Iago: When such old time critics as H. N. Hudson, who wrote nearly a hundred years ago, saw that Iago was not acting from revenge, one is moreRead More Shakespeares Othello - Iago Essay1670 Words   |  7 PagesOthello’s Iago  Ã‚        Ã‚  Ã‚   We find in William Shakespeare’s tragic play Othello an example of personified evil. He is the general’s ancient, Iago, and he wreaks havoc and destruction on all those under his influence.    Louis B. Wright and Virginia A. LaMar in â€Å"The Engaging Qualities of Othello† comment on how the character of Iago is the wholly expected type of villain for an Elizabethan audience:      Iago at once captures the attention of the spectator. He is the personificationRead More Iago, the Outsider of Shakespeare’s Othello1744 Words   |  7 Pagesrecurring dark theme there always must be an outsider from humanity who somehow stands out from the seemingly equal community. In the case of Shakespeare’s Othello the outsider from humanity would be Iago for he truly stands out from the rest of society. Although Othello may be physically put out of the community, it seems that on an emotional and egotistical level Iago puts himself out of society further then Othello’s blackness does. He is not merely manipulative, as other villains are; he turns aspectsRead More Honest Iago of Shakespeares Othello Essay798 Words   |  4 PagesHonest Iago of Othello   Ã‚  Ã‚   To most of the world William Shakespeare is recognized as the greatest dramatist in history.   His plays have been performed for centuries through various interpretations.   Shakespeares vast knowledge, and writing style made his works interesting for both the intellectual, and the illiterate.   One of these styles is the use of motifs, which is seen extensively in Othello.   An important example that runs throughout Othello, is Iagos honesty.   This motif gaveRead More Iago in William Shakespeares Othello Essay1229 Words   |  5 PagesIago in William Shakespeares Othello William Shakespeare, born: 1564 died: 1616, is considered one of the greatest writers who has ever lived. He had a unique way of putting things into words. All of his plays, sonnets, and poems have gotten great recognition. But when Shakespeare wrote Othello he created one of the most controversial villains of all times; Iago. He is best described as disturbing, ruthless, and amoral. No other character can even come close to his evil (Iago: The 1). IagoRead More The Character of Iago in Shakespeares Othello Essay1145 Words   |  5 PagesCharacter of Iago       The old clichà © One bad apple ruins the bunch is what enters ones mind when discussing the villainous, deceitful, protagonist Iago in Shakespeares tragedy Othello. It is amazing how one person alone can completely destroy, or deteriorate a group of good natured, trusting, loyal peoples lives in a matter of days- three to be exact. What is the motive behind Iagos heinous, selfish acts, one may ask? A rather obvious theme in the Shakespeares tragedy, Othello, isRead More Shakespeares Othello - Troubled Iago Essay2005 Words   |  9 PagesTroubled Iago        Ã‚   Unquestionably the most perfidious character within the cast of Shakespeare’s Othello is the cunning Iago. He spends his life, it would seem, taking revenge on the general and destroying nearly everyone around himself. Helen Gardner in â€Å"Othello: A Tragedy of Beauty and Fortune† elaborates on Iago’s exact function and place in the play: . . . Iago ruins Othello by insinuating into his mind the question, ‘How do you know?’ The tragic experience with which this playRead MoreMalignant Iago of Shakespeares Othello Essay1721 Words   |  7 Pages      Pure evil is like a cancerous plague that harms all those who come upon it.   In the tragic play â€Å"Othello† by William Shakespeare, Iago is a character that represents pure evil – a malignant cancer to all those around him.   His evil is exposed through his choice of words, his ability to manipulate people, and his opportunistic ways.  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   First, Iago’s evil is shown through his choice of words that demonstrate his vulgarity and his sinister intentions.   Iago’s language is extremely baseRead More Villainous Iago of Shakespeares Othello Essay1841 Words   |  8 PagesVillainous Iago of Othello  Ã‚  Ã‚  Ã‚  Ã‚        Ã‚  Ã‚   Who can compare in depth of evil to the villainous Iago in William Shakespeare’s tragic drama Othello? His villainy is incomparably destructive on all of those around him.    Iago’s very language reveals the level at which his evil mind works. Francis Ferguson in â€Å"Two Worldviews Echo Each Other† describes the types of base, loathsome imagery used by the antagonist Iago when he â€Å"slips his mask aside† while awakening Brabantio:    Iago is lettingRead MoreIago of William Shakespeares Othello Essay885 Words   |  4 PagesIago of William Shakespeares Othello Iago has a great understanding of people and how they will react to different situations and this skill allows him to control the action so neatly that it as if is he himself is the playwright. He has no regard for the thoughts of others and skilfully manipulates those around him to trick them to play a part in a strategy he has so meticulously planned, for example, the brawl scene. But by no means does he carry out his plans regardless

Nursing School Barriers Free Essays

Review of literature valued several other barriers that contribute to student being unsuccessful. The top barriers included lack of financial support, inadequate emotional support, low self-efficacy, and time constraints. A review of the literature found a major barrier interfering with the success of students is financial constraints. We will write a custom essay sample on Nursing School Barriers or any similar topic only for you Order Now Many Of today’s students are considered nontraditional and have many responsibilities outside of the classroom that require the student to work. If unable or not allowed to work, students risk losing the necessities needed for survival. For many, working hours are more than or equivalent to he time spent in class. Therefore, the work schedule and hours, interferes with the amount of time the student can dedicate to studying. Students are also working more to cover financial obligations to the school. With the rising cost vitiation, students faced the harsh reality of not being able to afford school (Peterson, 2009). Proactively, many have decided to attend community college instead of a university, in hopes of decreasing the financial burden so the number of hours worked can be decreased. Others are forced to work because the lack of available scholarships or financial aid. Most consider mans as a last result because of the interest rates and the fear of not being able to repay in the future. Nursing school can be mentally, physically and emotionally draining. Many students are not prepared for the challenges the body endures because of the emotional roller coaster of school. Many consider the idea of preparing for a profession where human life can be jeopardized if an error occurs very stressful. At the same times, are surrounded by family and friends who do not understand the ramifications if an error occur. Some students are the first in the family to attend college; therefore, family members may not understand why the student has to choose between family functions and studying. Students can face ridicule from family and friends because there is a lack of understanding as to the amount of time and dedication needed to complete a nursing program successfully. Time constraints also affect student success in nursing school. Students find it difficult to balance personal life and a school schedule. Students find the rigor of nursing school overwhelming. Often, in nursing, students are in the classroom six to eight hours a day and clinical can range from eight to twelve hours, two or three days a week. The school leaves little time for family or extracurricular activities. At least 35% of a student’s day is dedicated to class, studying and preparing for the next scheduled class (Department, 2014). Students with families struggle with feeling as though they have abandoned their responsibilities. Mothers returning to the classroom often feel guilt when not able to cook a meal or attend a child’s activity. As a result, many withdraw with the hope of returning to school when the children are more independent. Researchers have also found low self-efficacy contributes to the lack of success in the classroom. Self-efficacy is defined as ones belief in actual ability to complete a task (Bandeau, 1997). Thus, self-efficacy is a crucial concept in a student’s perception of capability to complete a nursing program. According to Brothers (201 AAA), self-efficacy has become an instrument in evaluating student’s outcome in the classroom. Lower self- efficacy students often avoid challenges and set less challenging goals. Many enter nursing programs lacking the confidence to be successful. The students often dwell on personal deficiency and attributes failures to bad luck. Lower self-efficacy students often doubt their ability to successful complete a urging program and often give up when faced with a challenge. How to cite Nursing School Barriers, Papers

Process of Leading Organizational Change-Myassignmenthelp.com

Question: What is Organisational Change? Discuss why it is necessary for Contemporary Organisations to appreciate the scale and scope of the change they are facing. Answer: Blog 1 Organizational change is mainly about examining and altering management formation and their processing of business. In order to survive adjacent to big competitors and to grow further they have to adapt change. Anyhow victory should never lead to gratification. In order tostay one step ahead of all other competitors every organization should work more efficiently and successfully. For a lot of organization they change fear and hence they remain average, therefore fear should be overcome come what may (Benn, Dunphy Griffiths 2014).Especially in a small business, change is necessary in order to achieve success. Change brings a complete transformation to an organization. It only happens when a major change takes place or a chief strategy is altered. The change is always for the betterment of the organization and brings changes in the configuration, plan, equipped methods, skill and machinery which affect and revolutionize within the organization. This change is an interdisciplinary cha nge; it affects the company psychologically, sociologically, politically and economically. In order to increase the growth and decrease the rate of failure change is required (Anderson, 2016). A culture of any organization is deeply rooted within its principles and faith in its constitution therefore the change will take time to execute but gradually it will help the organization. Blog 2 In order to bring a change in an organization it is essential to value the capacity and level of change. Contemporary organization are different from the normal organization, there they come have a lot of activities there for them it is very important to adapt the change and to go with the change, it will help them more and give them better scope. For contemporary organization it is even more important to understand the scope of the change. Therefore it is more significant in a contemporary organization. To understand the scope in the market it is necessary for all the companies to change, the company has to do a thorough research on the current market situation and have to strategize accordingly. The service given by the people who work in the organization should be effective. However it is also necessary to understand the scale of the change, in a contemporary organization the scale can vary from large to small. Like the measurement or the vastness of the change that the organizati on is going to go through. (Lewis, Smith, 2014). The scope and scale of change is only possible if the people within the organization are ready to take that leap of faith and the change should reflect both the inner and outer side of the organization. Blog 3 The program to change the organization may end up as a failure because of various reasons, in order to move forward with a plan and especially when it concerns the change of an organization it needs a lot of effort. There are various small companies who do not understand who falls just because of the misunderstanding of the market. The organization should have a proper knowledge of the market and their other rivals otherwise it just shows incapability of that organization (Jamieson, 2014). Another reason of the failure can be the difference in plan i.e. different groups within the organization, if a part of the company differs from the idea of change and another parts comes up with another logic it is but obvious that the organization will fail. The company should take their competition seriously and should understand their point of view, otherwise it will fall. (Cndido, Santos, 2015). For example Little Caesars, it almost failed because it could not match up with competition around , and therefore went through a huge loss, it was small family business. They could not match up with the other pizza companies and therefore due to price issue their market went down completely. Though they are still working still their market value has gone down a lot. Blog 4 There are various reasons why a company might fail. The reason if they do not able to change themselves or adapt the new change with the modifying generation then they can go through huge loss. A very good example will be Yahoo which is losing miserably beside Google. Yahoo is said be a dying company for digital organization. Just like the print media is going down because of the new digital era, yahoo is next and this signifies that the end of Yahoo will follow the death of other various other web-native companies, with the rise of Google and Facebook all other companies are sinking. The reason why Yahoo is almost a failing company now because of their primary and basic problems that could not figure a way out to grasp a major part of commercializing their money which is progressively going towards Google and Facebook. Another company that failed in the market with the entry of apple is Blackberry, it was a huge hit in that time but similarly it could not cope up with change and the refore it failed. (Lin Huang, 2013). Blackberry should have changes its model or incorporated some new ideas but the whole concept failed due to android and blackberry phone. References Anderson, D. L. (2016).Organization development: The process of leading organizational change. Sage Publications. Benn, S., Dunphy, D., Griffiths, A. (2014).Organizational change for corporate sustainability. Routledge. Cndido, C. J., Santos, S. P. (2015). Strategy implementation: What is the failure rate?.Journal of Management Organization,21(2), 237-262. Jamieson, D. (2014).Reason in a dark time: Why the struggle against climate change failed--and what It means for our future. Oxford University Press. Lewis, M. W., Smith, W. K. (2014). Paradox as a metatheoretical perspective: Sharpening the focus and widening the scope.The Journal of Applied Behavioral Science,50(2), 127-149. Lin, F. R., Huang, H. Y. (2013). Why people share knowledge in virtual communities? The use of Yahoo! Kimo Knowledge+ as an example.Internet Research,23(2), 133-159