Ancient Egyptian Terms for Children

Race And Racism Racism - 992 Words

Race and racism are concepts which are unavoidable in one’s day to day life. When my mother was laid off from her job in Colombia 12 years ago she made the choice to immigrate to the United States. I was six when I arrived in the United States, but I had never really dealt with the matter of race before then. The concept of race is not as prominent in Colombia the biggest divider is socioeconomic level. In my six years of living in Miami, I don’t remember any racism directed towards me or my family. We relocated to Kentucky when I was around 8. Moving to the state gave me the opportunity to become aware of my race and the race of others. When I migrated here I never thought of myself as different and I didn’t have any stereotypes about African Americans or white Americans. I become aware of my race in the transition from elementary school to middle school. As I filled out the forms to apply to Noe Middle school, I continuously noticed that I had to check the â€Å"Hispanic/Latino† for ethnicity, but check â€Å"white† for race. Then the first day of middle school, I was filled with nerves about my new classmates, since no one from my elementary school chose Noe, and as I was sitting waiting for people to direct me, a child about my age uttered â€Å"get away from me, you dirty Mexican.† I was confused at the insult since I knew I was not Mexican. That day I became hyper aware that I was different from both African Americans and white Americans, I didn’t fit in either of thoseShow MoreRelatedRace And Racism : Racism Essay1682 Words   |  7 PagesThe concept of race and racism has t ransformed over time and is seen through the eyes of everyone in our world. It unfortunately seems to be the norm for the public to not only assume an individual s race and to separate them to be distant from one another, but to also pigeon hole every race in a restricted category. This has been going on for so long that we would expect everyone to view society this way, however that might not be the case for all citizens within the United States. Now the questionRead MoreRace And Racism : Racism1777 Words   |  8 Pagesexamine how race and racism plays in a role in today’s society, like which races are giving more opportunities because of their skin color, and is racism still a big part of today’s world like it was back in the early 1900s or are we turning a blind eye to racism? We will also take a look into racial oppression in today’s society and how it is playing out in our lives. We will not only look into how African Americans deal with racism in every day life but also other races that face racism because ofRead MoreRace, Race And Racism Essay1396 Words   |  6 PagesProject Description: This project is comprised of rhetorical commentary overview, that is used to examine and develop a better understanding of the terms, race and racism in society (critical race theory) (Stefancic and Delgado 1995, 177). By using the critical race theory and examining incidents of police misconduct, this will determine whether or not race plays a crucial factor. Additionally, this project encompasses a vast knowledge of the criminal justice system and the police departments of the UnitedRead MoreRace, Racism, Or Ethnicity1559 Words   |  7 Pagesnotion of race is prevalent in every society. Rather it is consciously or unconsciously, the idea of race is shaping our everyday lives, from the day we were born, to the one we will die, in school, at work, or simply in the supermarket. Historically, as well as in Contemporary societies, the term race is a rather controversial one, and has raised many questions, due to its lack of proper definition and mostly because of its negative conn otations. Associated with ethnicity or racism, it createdRead MoreRace And Racism : The Purpose Of Race1168 Words   |  5 PagesThe purpose of race. Race and racism is always a sensitive subject to talk about in our modern-day society. It is something that is relatable to almost every single person in society. It affects some more than others. To understand the role that racism plays in our world we must first understand structural functionalism. In its simplest form, structural functionalism explains why society functions the way it does through social interaction. The view point of functionalism is that society is alwaysRead MoreRace Theory Of Race And Racism845 Words   |  4 PagesTheories of race and racism have been used by sociologists to not only describe modern societies but also address issues of social injustice and achieve an end to racial oppression. Critical race theory is one of the most widely used for this purpose and provides the structure employed by Dwanna Rob ertson in her analysis of racism against Native Americans and the consequences they have experienced as a result. She uses the term legitimized racism to discuss the racialization of American Indians.Read MoreRacism, Race, And Discrimination Essay1650 Words   |  7 PagesColonialism Throughout this class, Religion, Race, and Discrimination in America, we have learned how racism came about with many different theories. Religion can be defined as, a belief or worship in a higher power, normally a God or Gods. Race can be defined as social grouping or form of peoplehood that is marked by traits that are perceived to be biologically inherited. (Prentiss Introduction, slide 9) With race and religion people or groups of people can justify the discrimination of others becauseRead MoreRacism, Race, And Ethnicity1406 Words   |  6 Pagesrealized that they were expressing three theories on race and ethnicity: the Human Ecology, Social Darwinist, and Culture of Poverty perspectives were all intermingled in the conversation. Recently, race relations has been a topic for debate in the United States, with many saying that racism is a thing of the past. However, based upon my family’s debate, and the many sources that research the issues, it can be seen that the topic of racism, race, and ethnicity are all still relevant topics in AmericaRead MoreDiscrimination On Race And Racism1740 Words   |  7 PagesDiscrimination on Race Racism is very much still alive in the United States and it affects all people, but mainly one certain group. Racism destroys dreams and hopes for the victims that have been discriminated against and have sadly lost their lives as well. African Americans have less opportunities and chances to prove that they can also do good to some to the word instead of stereotypical judging them. White Americans, not all but the racist only, most likely believe that if you are differentRead MoreRacism And The Right Race928 Words   |  4 Pagesclear that if someone is not of the right race, gender or sexual orientation that they can easily be targeted others. 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Decision Making †Cost Accounting Free Essays

Decisions Involving Alternative Choices Structure: 13. 1 Introduction Objectives 13. 2 Decision Making 13. We will write a custom essay sample on Decision Making – Cost Accounting or any similar topic only for you Order Now 3 Types of Costs 13. 4 Types of Choices Decisions 13. 5 Make or Buy Decisions 13. 6 Addition / Discontinuance of a Product line 13. 7 Sell or Process Further 13. 8 Operate or Shut down 13. 9 Exploring New Markets 13. 10 Maintaining a desired level of profit 13. 11 Summary 13. 12 Terminal Questions 13. 13 Answers to SAQs and TQs 13. 1 Introduction In the previous unit we learnt about Marginal Costing. Marginal costing is the ascertainment of marginal cost and of the effect on profit of changes in volume by differentiating between fixed costs and variable costs. Marginal cost is the amount at any given volume of output by which aggregate costs are changed if the volume of output is increased or decreased by one unit. Marginal costing is a very useful tool for management because of its applications. It is used in providing assistance to the management in vital decision-making both short term and long term. Differential analysis is the process of estimating the consequences of alternative actions that a decision maker may take. It is used both for short term and long term decisions. Short term decisions relates to fixing price for the product, selecting a suitable product mix, diversification of the product etc while long term deals with capital budgeting decisions. Objectives After studying this unit, you should be able to:  · Explain the steps involved in decision making process  · Know various types of decision choices  · Analyze and interpret various decision choices 13. 2 Decision Making Decision making is the process of evaluating two or more alternatives leading to a final choice known as alternative choice decisions. Decision making is closely associated with planning for the future and is directed towards a specific objective or goal. Decision model contains the following decision-making steps or elements: 1. Identify and define the problem 2. Identify alternative as possible solutions to the problem. 3. Eliminate alternatives that are clearly not feasible 4. Collect relevant data (costs and benefits) associated with each feasible alternative 5. Identify cost and benefits as relevant or irrelevant and eliminate irrelevant costs and benefits from consideration. . Identify to the extent possible, non-financial advantage and disadvantage about each feasible alternative. 7. Total the relevant cost and benefits for each alternative 8. Select the alternative with the greatest overall benefits to make a decision 9. Implement or execute the decision 10. Evaluate the results of the decision made. 13. 3 Types of Costs A decision involves selecting among various choices. Non routine types of decisions are crucial and critical to the firm as it involves huge investments and involve much uncertainty. Short term decision making is based on relevant data obtained from accounting information.  · Relevant Cost are costs which would change as a result of the decision.  · Opportunity costs are monetary benefits foregone for not pursuing the alternative course. When a decision to follow one course of action is made, the opportunity to pursue some other course is foregone.  · Sunk costs are historical cost that cannot be recovered in a given situation. These costs are irrelevant in decision making.  · Avoidable costs are costs that can be avoided in future as a result of managerial choice. It is also known as discretionary costs. These costs are relevant in decision making.  · Incremental / Differential costs are costs that include variable costs and additional fixed costs resulting from a particular decision. They are helpful in finding out the profitability of increased output and give a better measure than the average cost. Self Assessment Questions: 1. Relevant Costs are costs which would _________as a result of the decision. 2. ___________ are historical cost that cannot be recovered in a given situation. 3. Opportunity costs are _________________for not pursuing the alternative course 4. ____________ is also known as discretionary cost. 13. 4 Types of Choices Decisions The application of incremental / differential costs and revenues for decision making is known as decision situations or types of choice decisions.  · Make or Buy decisions  · Selection of a suitable product mix  · Effect of change in price  · Maintaining a desired level of profit  · Diversification of products  · Closing down or suspending activities  · Alternative course of action  · Own or Lease  · Retain or Replace Change or Status quo  · Export or Local sales  · Expand or Contract  · Take or Refuse order  · Place special orders  · Select sales territories  · Sell at split-up point or process further. 13. 5 Make or Buy Decisions Make or buy decisions arise when a company with unused production capacity consider the following alternatives a) To buy certain raw materials or subassemblies fro m outside suppliers b) To use available capacity to produce the items within the company. c) The quality and type of item which affects the production schedule d) The space required for the production of item ) Any transportation involved due to the location of production facility f) Cost of acquiring special know how required for the item. Illustration 1: The Anchor Company Ltd produces most of its electrical parts in its own plant. The company is at present considering the feasibility of buying a part from an outside supplier for Rs. 4. 5 per part. If this were done, monthly costs would increase by Rs. 1,000 The part under consideration is manufactured in Department 1 along with numerous other parts. On account of discontinuing the production of this part, Department 1 would have somewhat reduced operations. The average monthly usage production of this part is 20,000 units. The costs of producing this part on per unit basis are as follows. |Material |Rs. 1. 80 | |Labour (half-hour) |2. 40 | |Fixed overheads |0. 80 | |Total costs |5. 00 | Solution [pic] The company should continue the practice of producing the part in Department1. Illustration 2: ABC ltd plans utilize its idle capacity by making components parts instead of buying them from suppliers. The following are the data available for decision to make or buy: | |Unit cost | |Direct Material |12. 5 | |Direct Labour |8. 0 | |Variable manufacturing overhead |5. 0 | The company purchases the part at a unit cost of Rs. 30. The company has been operating at 75% of normal capacity. Fixed manufacturing cost is 17 lakhs. The cost to manufacture 50000 units is:    |Unit cost |Total cost | |Direct material |12. 5 |6,25,000 | |Direct labour |8. 0 |4,00,000 | |Variable manufacturing o/h |5. 0 |2,50,000 | |Total incremental cost |25. 5 |12,75,000 | |Cost to purchase part |30. |15,00,000 | |Net advantage in parts production |4. 5 |2,25,000 | Inference: The total incremental cost by producing the part in-house is Rs. 25. 50 while the cost incurred on purchase of the part from suppliers is Rs. 30. 00. There is a clear advantage to the company to produce the part in-house. 13. 6 Addition or Discontinuance of a Product line or Process The decision to add or eliminate an unprofitable produc t is a special case of product profitability evaluation. When a firm is divided into multiple sales outlets, product lines, divisions, departments it may have to evaluate their individual performance to decide whether or not to continue operations of each of these segments. Illustration 3: The Hi-tech Manufacturing Company is presently evaluating two possible processes for the manufacture of a toy, and makes available to you the following information: |Particular |Process A |Process B | | |Rs. Rs. | |Variable cost per unit |12 |14 | |Sales price per unit |20 |20 | |Total fixed costs per year |30,00,000 |21,00,000 | |Capacity (in units) |4,30,000 |5,00,000 | |Anticipated sales (next year, in units) |4,00,000 |4,00,000 | You are required to suggest: ) Which process should be chosen? Substantiate your answer. ii) Would you change your answer as given above if you were informed that the capacities of the two processes are as follows: A 6, 00,000 units; B 5, 00,000 units? Why? Substantiate your answer. Solution Comparative Profitability Stateme nt |Particular |Process A |Process B | | |Rs. |Rs. | |(i) Selling price per unit |20 20 | |Variable cot per unit |12 |14 | |Contribution per unit |8 |6 | |Total annual contribution (as per anticipated sales) |32,00,000 |24,00,000 | |Total fixed costs per year |30,00,000 |21,00,000 | |Total Income |2,00,000 |3,00,000 | |Process B may be chosen |   |   | |Total contribution (if utilized to present capacity and sold) |34,40,000 |30,00,000 | |Less : Fixed costs |30,00,000 |21,00,000 | |Total Income |4,40,000 |9,00,000 | |Process B may be chosen |   |   | |(ii) Total contribution (if capacity of A of 6,00,000 units and|48,00,000 |30,00,000 | |of B 5,00,000 units) | | | |Less : Fixed costs |30,00,000 |21,00,000 | |Total Income |18,00,000 |9,00,000 | Process A may be chosen. Illustration 4: Addition of second shift Ulfa Ltd produces a single product in its plant. This product sells for Rs. 100 per unit. The standard production cost per unit is as follows: |Raw materials (5 kgs @ Rs. 8 |Rs. 40 | |Direct labour (2 hours @ Rs. ) |10 | |Variable manufacturing overheads |10 | |Fixed manufacturing overheads |20 | |   |80 | The plant is currently operating at full capacity of 1, 00,000 units per years on a single shift. This output is inadequate to meet the projected sales manager has estimated that the firm will lose sales of 40,000 units next years if the capacity is not expanded Plant capacity could be doubled by adding a second shift. This would require additional out-of-pocket fixed manufacturing overhead costs of Rs. 10,00,000 annually. Also, a night work wage premium equal to 25 per cent of the standard wage would have to be paid during the second shift. However, if annual production volume were 1,30,000 units or more, the company could take advantage of 2 per cent quantity discount on its raw material purchases. You are required to advise whether it would be profitable to add the second shift in order to obtain the sales volume of 40,000 units per year? Solution Decision analysis |Particulars |Profit without expansion |Profits with expansion | |Sales revenue |Rs. 1,00,00,000 |Rs. 1,40,00,000 | |Less: variable costs: |   |   | |Raw materials (Rs 39. 0 x 1,40,000) |40,00,000 |54,88,000 | |Direct labour |10,00,000 |15,00,000 | |Variable manufacturing overhead |10,00,000 |14,00,000 | |Contribution |40,00,000 |56,12,000 | |Less : fixed costs (Rs. 1,00,000 x 20) |20,00,000 |30,00,000 | |Net Income |20,00,000 |26,12,000 | Yes, it would be profitable to add the second shift as it would increase profits by Rs. 6, 12,000. Illustration 5: Assume a company is considering dropping product B from its line because accounting statements shows that product B is being sold at a loss. | | | |Product |A |B |C |Total | |Sales revenue |50,000 |7,500 |12,500 |70,000 | |Cost of sales: | | | | | |D. Material |7,500 |1,000 |1,500 |10,000 | |D. Labour |15,000 |2,000 |2,500 |19,500 | |Indirect manufacturing cost (50% of |7,500 |1,000 |1,250 |9,750 | |Direct labour) | | | | | |Total |30,000 |4,000 |5,250 |39,250 | |Gross margin On sales |20,000 |3,500 |7,250 |30,750 | |Selling Admn |12,500 |4,500 |4,000 |21,000 | |Net income |7,500 |(1,000) |3,250 |9,750 | Additional information: a) Factory Overhead cost is made up of fixed cost of Rs. 5850 and variable cost of Rs. 3900. b) Variable cost by products are: A – Rs 3000, B – Rs 400 and C – Rs 500 c) Fixed costs and expense will not be changed if product B is eliminated d) Variable selling and administrative expenses are to the extent of Rs. 11000 can be traced to the product: A-Rs. 7,500; B- Rs. 1500 and C- Rs. 2000 e) Fixed selling and admn expense are Rs. 10000 Solution: [pic] If the sale of product B were discontinued, the marginal contribution would be lost and the net income would be reduced by Rs. 2,600. Assume that after dropping product B, the sales of product A increased by 10%. The total profit of the firm will not increase by this sales increase. Product A makes only a marginal contribution of 34% (17000/50000) |Sales revenue of Product A |50000 |100% | |Variable cost of Product A |33000 |66% | |Marginal contribution of Product A |17000 |34% | On additional sales of Rs. 5000 the marginal contribution would be Rs. 700 |Sales revenue 10% of 50000 |5000 | |Variable cost 66% |3300 | |Marginal contribution (34%) |1700 | This contribution is less than Rs. 2,600 now being realized on the sales of product B. it would take additional sales of product A of approximately Rs. 7,647 to equal the marginal contribution of Rs. 2,600 mow being made by product B: [pic]= Rs. 7,647 It is possible that dropping product B may result in reduction in some of the fixed c osts. Products B now contributes Rs. 2,600 towards recovery of fixed costs and expenses. Only if the fixed costs and expenses can be reduced by more than this amount, it will be advisable to drop product B. 13. Sells or Process Further A firm is frequently faced with the problem of continuing with the existing policies or plans or change to new ones. Such change could be in the form of selling a partially processed product (semi finished) or process further. While taking a decision about such matters, the management must keep in mind the long term consequence and the interest of the firm. Illustration 6: A firm sells semi finished product at Rs. 9 per unit. The cost to manufacture the semi finished product is Rs. 6. Further processing can be done at an additional cost of Rs. 3 per unit and the final product can be sold at Rs. 15 per unit. The firm can produce 10,000 units. The analysis is shown below: |   |Sell |Process Sell | |Sales revenue (10,000 units) |Rs. 90,000 |1,50,000 | |Less : Manufacturing costs |60,000 |90,000 | |Profit |30,000 |60,000 | There is a net advantage of Rs. 30,000 in processing the product further. The market value of the partially processed product (Rs. 90,000) is considered to be opportunity cost of further processing. The figure of net advantage of Rs. 30. 00 can be arrived at in the following manner also: |Revenue from sale of final product (10,000 x 15) |   |Rs. 1,20,000 | |Less : Additional processing cost (10,000 x 3 ) |30,000 |   | |Revenues from sale of intermediate product |90,000 |1,20,000 | |Net advantage in further processing |   |Rs. 30,000 | 13. 8 Operate or Shutdown Various factors both external and internal affect the functioning of the firm. In such situations it becomes necessary for a firm to temporarily suspend or shutdown the activities of a particular product, department or a unit as a whole. Illustration 7: A company operating below 50% of its capacity expects that the volume of sales will drop below the present level of 10,000 units per month. Management is concerned that a further drop in sales volume will create a loss and has under consideration a recommendation that operation be suspended, until better market conditions prevail and also a better selling price. The present operation income statement is as follows: |   |Rs |Rs | |Sales revenue (10,000 units @ Rs. 3. 00) |   |30,000 | |Less : Variable costs @ Rs. 2. 0 per unit |20. 000 |   | |Fixed costs |10,000 |   | |Net Income |   |0 | Suggest the management at what point should the operation be suspended. The fixed cost remains only Rs 4000 if operation is shutdown. The following income statements have been prepared for sales at different capacities: [pic] It would appear that shutdown is desirable when the sale volume drops below 6,000 units per month, the point at which operating losses exceed the shut down cost. 13. 9 Exploring New Markets Decisions regarding entering new markets whether within the country or other the country should be taken after considering the following factors:  · Whether the firm has surplus capacity to meet the new demand?  · What price is being offered by the new market?  · Whether the sale of goods in the new market will affect the present market for the goods? Illustration 8: The following figures are obtained from the budget of a company which is at present working at 90% capacity and producing 13,000 units per annum. |   |90% |100% | | |Rs. |Rs. |Sales |15,00,000 |16,00,000 | |Fixed Expenses |3,00,500 |3,00,600 | |Semi- Fixed Expenses |97,500 |1,00,500 | |Variable Overhead Expenses |1,45,000 |1,49,500 | |Units made |13,500 |15,000 | Labour and material costs per unit are constant under present conditions. Profit margin is 10 per cent. a) You are required to determine the differential cost of producing 1,500 units by increasing capacity to 100 per cent. b) What would you recommend fo r an export price for these 1,500 units taking into account that overseas prices are much lower than indigenous prices? Solution |Basic Calculation: |Rs. | |Sales at 90% capacity 15,00,000 | |Less: Profit 10% |1,50,000 | |Cost of Goods sold |13,50,000 | |Less : Expenses (Fixed, semi-variable and variable) |5,43,000 | |Cost of Material and Labour |8,07,000 | |Labour and Material at 100% capacity = |Rs. 8,07,000 x 100/90 | |   |= 8,96,667 | Differential cost analysis can now be done as follows: Capacity levels |90% |100% |Different cost | |Production (Units) |13,500 |15,000 |1,500 | |Material and Labour |8,07,000 |8,96,667 |89,667 | |Variable overhead expenses |1,45,000 |1,49,500 |4,500 | |Semi-variable expenses |97,500 |1,00,500 |3,000 | |Fixed expenses |3,00,500 |3,00,600 |100 | |   |13,50,000 |14,47,267 |97,267 | a) Different Cost = Rs. 97,267 (Rs. 14,47,267 – 13,50,000) b) Minimum price for export = [pic]= Rs. 64. 84 per unit At this price, there is no addition to revenue; any price above Rs. 64. 84 per unit may be acceptable. Note: It has been presumed that i) No capital investment is necessary ii) No export charges are incurred and ii) The export price will have no effect on the home market where the product will continue to be sold at the old price. It has also been assumed that necessary precaution have been taken to ensure that the product is not ‘dumped back’. 13. 10 Maintaining a Desired level of profit When deciding between alternative courses of actions the criterion should be to select the project which yields the greatest contribution. Illustration 9: A company is considering expansion. Fixed costs amount to Rs. 4, 20,000 and are expected to increase by Rs. 1, 25,000 when plant expansion is completed. The present plant capacity is 80,000 units a year. Capacity will increase by 50 per cent with the expansion. Variable costs are currently Rs. 6. 0 per unit and are expected to go down by Rs. 0. 40 per unit with the expans ion. The current selling price is Rs. 16 per unit and is expected to remain same under either alternative. What are the break- even points under either alternative? Which alternative is better and why? Solution [pic] The profitability after expansion is very good and hence it is better to expand. Illustration 10: Disposal of inventories ABC Ltd has on hand 5,000 units of a product that cannot be sold through regular sales. These were produced at a total cost of Re. 1, 50,000 and would normally have been sold for Rs. 40 per unit. Three alternatives are being considered. i. Sell the items as scrap for Rs. per unit ii. Repackage at a cost of Rs. 20,000 and sell them at Rs. 8 per unit iii. Dispose them off at the city dump at removal cost of Rs. 500. Which alternative should be accepted? Solution Exhibits the decision analysis [pic] Alternative II should be accepted. 13. 11 Summary  · Decision making is the process of evaluating two or more alternatives leading to a final choice known as alternative choice decisions. Decision making is closely associated with planning for the future and is directed towards a specific objective or goal.  · A decision involves selecting among various choices. Non routine types of decisions are crucial and critical to he firm as it involves huge investments and involve much uncertainty. Short term decision making is based on relevant data obtained from accounting information.  · Relevant Cost are costs which would change as a result of the decision.  · Opportunity costs are monetary benefits foregone for not pursuing the alternative course. When a decision to follow one course of action is made, the opportunity to pursue some other course is foregone.  · Sunk costs are historical cost that cannot be recovered in a given situation. These costs are irrelevant in decision making.  · Avoidable costs are costs that can be avoided in future as a result of managerial choice. It is also known as discretionary costs. These costs are relevant in decision making.  · Incremental / Differential costs are costs that include variable costs and additional fixed costs resulting from a particular decision. They are helpful in finding out the profitability of increased output and give a better measure than the average cost. 13. 12 Terminal Questions 1. Avon garments Ltd manufactures readymade garments and uses its cut-pieces of cloth to manufacture dolls. The following statement of cost has been prepared. |Particulars |Readymade garments |Dolls |Total | |Direct material |Rs. 80,000 |Rs. 6,000 |Rs. 6,000 | |Direct labour |13,000 |1,200 |14,200 | |Variable overheads |17,000 |2,800 |19,800 | |Fixed overheads |24,000 |3,000 |27,000 | |Total cost |1,34,000 |13,000 |1,47,000 | |Sales |1,70,000 |12,000 |1,82,000 | |Profit (loss) |36,000 |(1,000) |35,000 | The cut-pieces used in dolls have a scrap value of Rs 1,000 if sold in the market. As there is a loss of Rs. 1,000 in the manufacturing of dolls, it is suggested to discontinue their manufacture. Advise the management. 2. The ABC Company Ltd produces most of its own parts and components. The standard wage rate in the parts department is Rs. 3 per hour. Variable manufacturing overheads is applied at a standard rate of Rs. 2 per labour – hour and fixed manufacturing overheads are charged at a standard rate of Rs 2. 50 per hour. For its current year’s output, the company will require a new part. This part can be made in the parts department without any expansion of existing facilities. Nevertheless, it would be necessary to increase the cost of product testing and inspection by Rs. 5,000 per month. Estimated labour time for the new part is half an hour per unit. Raw materials cost has been estimated at Rs. 6 per unit. The alternative choice before the company is to purchase part from an outside supplier at Rs 9 per unit. The company has estimated that it will need 2,00,000 new parts during the current years. Advise the company whether it would be more economical to buy or make the new parts. Would your answer be different if the requirement of new parts was only 1,00,000 parts? 13. 13 Answers to SAQ and TQs Answer to SAQ 1. Change 2 Sunk cost 3. Monetary benefits foregone 4. Avoidable cost Answers to TQs: . Discontinue manufacture of dolls | |Readymade garments |Dolls |Total | |Total cost |134000 |13000 |147000 | |Profit (loss) |36000 |(1000) |35000 | 2. Decision analysis : 200000 units – The company is advised to make the new part. The differential costs fa vouring the decision of making the component is Rs40000 Decision analysis : 100000 units – The company is advised to buy from an outside supplier. Total cost to manufacture 100000 units is Rs. 9,10,000. How to cite Decision Making – Cost Accounting, Essay examples

Life, Liberty The Pursuit of Happiness But N Essay Example For Students

Life, Liberty The Pursuit of Happiness But N Essay ot Quite In simply reaching over for the remote control and turning on your television, you are opening your mind to numerous facts and opinions regarding to current or historical events that just might influence you to think. For instance, we have all seen the anti-drug commercials directed at parents to respond to drug problems with their children. There are various ways that a statement like the one being made by those commercials can influence just about anybody. Whether or not you or anyone else is influenced in a large way is irrelevant. The point is, media does have an impact. Now, I am going to be blatent with you. In the next following few paragraphs, I am going to present a number of reasons, facts, opinions and examples to attack some certains opinions while supporting my own. I hope to present enough evidence to your attention that supports my belief to persuade you to share my opinion. In the United States of America, you as a citizen are given natural rights that supposedly can never be revoked. Thomas Paine explained it very well in 1791 in this quotation, Natural rights are those which appertain to man in right of his existence. Of this kind are all the intellectual rights, or rights of the mind, and also all those rights of acting as an individual for his own comfort and happiness. And even more articulately explained in the Declaration of Independence here in this quotation, We hold these truths to be self-evident, that all men are created equal; that they are endowed by their Creator with certain inalienable rights; that among these are life, liberty, and the pursuit of happiness. As you can see, it is clearly stated in the document that defined freedom for Americans, that these rights (Life, Liberty and the Pursuit of Happiness) are given to every man, woman and child from someone greater than mankind, or as this documents referrs to it, The Creator. So I ask you, who are you or any other human being to take the life, the natural right handed down from God himself, who are you to take this away from your brother or your sister, your fellow human being? Who are you to have command and control over who lives and who dies? Who are you to play God? They call it punishment when they execute someone, but that is far from valid. The word punishment acts as a thin white sheet, covering the ugly truth. And if you have a good eye, you can see right through that white sheet like it were not even there. The ugly truth boils down to a couple things, none of which have any positive impact. The ugly truth is that people do play God. People do steal the lives of others, and people will continue to do so until the human race is no more. Do you honestly think this so-called punishment is going to send shockwaves throughout the streets of the United States and prevent any future crime from ever being committed? If that were true, then why have so many died by execution, yet your point has not even come close to being made? The ugly truth is your point will never be made. And the ugly truth is because no good will ever come from the murder of another person. And the ugly truth is you are just as guilty and sinful as your so-called criminal if you are part taking in this evil method of what you consider to be punishment. In the year 2000, there was a total of eighty-five prisoners killed by means of execution. Most were young, healthy, fully functional and able to do some good, or find God, or learn, anything. Some of the most respected Americans in the United States, the people we rely on and put our trust in, those same people are the ones who gave the okay to murder, or as they like to say, punish eighty-five fellow Americans who had chances, just like the rest of us. But when the chamber door roars itself shut, that is when there is no more chance. .u19f5bf3e24e5848d929d75bf5cb53901 , .u19f5bf3e24e5848d929d75bf5cb53901 .postImageUrl , .u19f5bf3e24e5848d929d75bf5cb53901 .centered-text-area { min-height: 80px; position: relative; } .u19f5bf3e24e5848d929d75bf5cb53901 , .u19f5bf3e24e5848d929d75bf5cb53901:hover , .u19f5bf3e24e5848d929d75bf5cb53901:visited , .u19f5bf3e24e5848d929d75bf5cb53901:active { border:0!important; } .u19f5bf3e24e5848d929d75bf5cb53901 .clearfix:after { content: ""; display: table; clear: both; } .u19f5bf3e24e5848d929d75bf5cb53901 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u19f5bf3e24e5848d929d75bf5cb53901:active , .u19f5bf3e24e5848d929d75bf5cb53901:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u19f5bf3e24e5848d929d75bf5cb53901 .centered-text-area { width: 100%; position: relative ; } .u19f5bf3e24e5848d929d75bf5cb53901 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u19f5bf3e24e5848d929d75bf5cb53901 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u19f5bf3e24e5848d929d75bf5cb53901 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u19f5bf3e24e5848d929d75bf5cb53901:hover .ctaButton { background-color: #34495E!important; } .u19f5bf3e24e5848d929d75bf5cb53901 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u19f5bf3e24e5848d929d75bf5cb53901 .u19f5bf3e24e5848d929d75bf5cb53901-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u19f5bf3e24e5848d929d75bf5cb53901:after { content: ""; display: block; clear: both; } READ: Pride And Prejudice - Point Of View Essay There is only cold and .