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3 Types of Manufacturing Costs (Direct Materials, Direct Labor, Manufacturing Overhead)
 
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This videos identifies and defines the three types of manufacturing costs: Direct Materials, Direct Labor, and Manufacturing Overhead. The video also provides examples of each type of manufacturing cost to better illustrate the concepts. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
Views: 152785 Edspira
Manufacturing Costs (Direct Materials, Labor, Manufacturing Overhead) and Product and Period Costs.
 
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Full Crash Course on Udemy for $9.99! http://bit.ly/2DfGBXu ​Costs can be split up into manufacturing and non-manufacturing costs. We'll look over certain direct and indirect costs and decide how they should be categorized. This tutorial will come in handy when we begin to prepare Cost of Goods Manufactured Statements! Website: http://www.notepirate.com Follow us on Facebook: https://www.facebook.com/pages/Note-Pirate/514933148520001?ref=hl Follow us on Twitter: http://twitter.com/notepirate We appreciate all of the support you guys have given us. Be apart of the mission to help us reach more students by subscribing, thumbs upping and adding the videos to your favorites! ** Notepirate is privately owned and exclusive to Notepirate.com.**
Views: 69636 Notepirate
Product Costs in Manufacturing (aka Inventoriable Costs)
 
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This video explains the concept of product costs (aka inventoriable costs) for a manufacturing firm. An example is provided to illustrate how product costs attach to a product (first as inventory, then later through cost of goods sold), as opposed to period costs which are expensed as incurred (and thus are not attached to the product or affected by its flow). Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
Views: 37421 Edspira
#23, Types of cost in economics | cost function | microeconomics | Class 11 | Class 12
 
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Class 12 microeconomics.... types of cost Introduction of cost... Cost function..... Types of cost... Total fixed cost... Total variable cost.... Total cost...... Cont for my book....7690041256 Economics on your tips video 23 Our books are now available on Amazon Special Combo - Economics on your tips Micro + Macro http://amzn.in/d/eSxj5Ui Economics on your tips Macroeconomics http://amzn.in/d/2AMX85O Economics on your tips Microeconomics http://amzn.in/d/cZykZVK Official series of playlists UG courses ( bcom, bba, bca, ba, honours) – https://www.youtube.com/playlist?list=PLgC10_Xv-BGirAqOr-hU8e-N_Nz0UpgJ- Micro economics complete course – https://www.youtube.com/playlist?list=PLgC10_Xv-BGg5n3YU6oEV7_HIzBuEbbOz Macro economics complete course- https://www.youtube.com/playlist?list=PLgC10_Xv-BGg2ORORpILqiDR1gyH3MkXw Statistics complete course- https://www.youtube.com/playlist?list=PLgC10_Xv-BGjrAkDyeMioJ7DEexAEeVdt National income – https://www.youtube.com/playlist?list=PLgC10_Xv-BGjpE-1V4uz_0wvvbZQnSsj_ In order to promote us and help us grow Paytm on - 7690041256 Link for the previous video(video 22) causes of increasing,decreasing nd -ve return(Class 12 microeconomics)economics on your tips video22 - YouTube https://www.youtube.com/watch?v=oNi1cPTwRnE Link for the next video(video 24) Class 12 microeconomics (types of cost) economics on your tips video 24 - YouTube https://www.youtube.com/watch?v=YD5ZZrhWu7M
Views: 560636 Economics on your tips
Product Cost Vs Period Cost | Managerial Accounting | CMA Exam | Ch 2 P 2
 
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Product Costs For financial accounting purposes, product costs include all costs involved in acquiring or making a product. In the case of manufactured goods, these costs consist of direct materials, direct labor, and manufacturing overhead.1 Product costs “attach” to units of product as the goods are purchased or manufactured, and they remain attached as the goods go into inventory awaiting sale. Product costs are initially assigned to an inventory account on the balance sheet. When the goods are sold, the costs are released from inventory as expenses (typically called cost of goods sold) and matched against sales revenue on the income statement. Because product costs are initially assigned to inventories, they are also known as inventoriable costs. We want to emphasize that product costs are not necessarily recorded as expenses on the income statement in the period in which they are incurred. Rather, as explained above, they are recorded as expenses in the period in which the related products are sold. Period Costs Period costs are all the costs that are not product costs. All selling and administrative expenses are treated as period costs. For example, sales commissions, advertising, executive salaries, public relations, and the rental costs of administrative offices are all period costs. Period costs are not included as part of the cost of either purchased or manufactured goods; instead, period costs are expensed on the income statement in the period in which they are incurred using the usual rules of accrual accounting. Keep in mind that the period in which a cost is incurred is not necessarily the period in which cash changes hands. For example, as discussed earlier, the costs of liability insurance are spread across the periods that benefit from the insurance—regardless of the period in which the insurance premium is paid. Page 28 Prime Cost and Conversion Cost Two more cost categories are often used in discussions of manufacturing costs—prime cost and conversion cost. Prime cost is the sum of direct materials cost and direct labor cost. Conversion cost is the sum of direct labor cost and manufacturing overhead cost. The term conversion cost is used to describe direct labor and manufacturing overhead because these costs are incurred to convert materials into the finished product. product cost, period costs, prime cost, conversion cost, variable cost, fixed cost, committed fixed cost, discretionary fixed cost, relevant range, mixed cost, engineering approach, scattergraph, high-low method, traditional format, contribution format, Direct cost, indirect cost, common cost, manufacturing overhead cost, indirect material, indirect labor, selling cost, administrative cost, cpa exam. Manufacturing Overhead Manufacturing overhead, the third manufacturing cost category, includes all manufacturing costs except direct materials and direct labor. Manufacturing overhead includes items such as indirect materials; indirect labor; maintenance and repairs on production equipment; and heat and light, property taxes, depreciation, and insurance on manufacturing facilities. A company also incurs costs for heat and light, property taxes, insurance, depreciation, and so forth, associated with its selling and administrative functions, but these costs are not included as part of manufacturing overhead. Only those costs associated with operating the factory are included in manufacturing overhead. Various names are used for manufacturing overhead, such as indirect manufacturing cost, factory overhead, and factory burden. All of these terms are synonyms for manufacturing overhead. Nonmanufacturing Costs Nonmanufacturing costs are often divided into two categories: (1) selling costs and (2) administrative costs. Selling costs include all costs that are incurred to secure customer orders and get the finished product to the customer. These costs are sometimes called order-getting and order-filling costs. Examples of selling costs include advertising, shipping, sales travel, sales commissions, sales salaries, and costs of finished goods warehouses. Selling costs can be either direct or indirect costs. For example, the cost of an advertising campaign dedicated to one specific product is a direct cost of that product, whereas the salary of a marketing manager who oversees numerous products is an indirect cost with respect to individual products. Administrative costs include all costs associated with the general management of an organization rather than with manufacturing or selling. Examples of administrative costs include executive compensation, general accounting, secretarial, public relations, and similar costs involved in the overall, general administration of the organization as a whole. Administrative costs can be either direct or indirect costs.
5.  Managerial Accounting Ch2 Pt1: Product Versus Period Costs
 
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Accounting Course - Managerial Accounting - Cost Accounting Learning Objectives covered: Identify and give examples of each of the three basic manufacturing costs categories. Distinguish between product costs and period costs, and give examples of each. Text used: Managerial Accounting Tenth edition Garrison et al. Publisher: McGrawHill
Views: 17351 Mark Meldrum
Direct Cost Vs Indirect Cost | Managerial Accounting | CMA Exam | Ch 2 P 1
 
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Direct Cost A direct cost is a cost that can be easily and conveniently traced to a specified cost object. Indirect Cost An indirect cost is a cost that cannot be easily and conveniently traced to a specified cost object. For example, a Campbell Soup factory may produce dozens of varieties of canned soups. A common cost is a cost that is incurred to support a number of cost objects but cannot be traced to them individually. A common cost is a type of indirect cost. A particular cost may be direct or indirect, depending on the cost object. Direct Labor Direct labor consists of labor costs that can be easily (i.e., physically and conveniently) traced to individual units of product. Direct labor is sometimes called touch labor because direct labor workers typically touch the product while it is being made. Labor costs that cannot be physically traced to particular products, or that can be traced only at great cost and inconvenience, are termed indirect labor. Just like indirect materials, indirect labor is treated as part of manufacturing overhead. Indirect labor includes the labor costs of janitors, supervisors, materials handlers, and night security guards. Although the efforts of these workers are essential, it would be either impractical or impossible to accurately trace their costs to specific units of product. Hence, such labor costs are treated as indirect labor. Manufacturing Overhead Manufacturing overhead, the third manufacturing cost category, includes all manufacturing costs except direct materials and direct labor. Manufacturing overhead includes items such as indirect materials; indirect labor; maintenance and repairs on production equipment; and heat and light, property taxes, depreciation, and insurance on manufacturing facilities. A company also incurs costs for heat and light, property taxes, insurance, depreciation, and so forth, associated with its selling and administrative functions, but these costs are not included as part of manufacturing overhead. Only those costs associated with operating the factory are included in manufacturing overhead. Various names are used for manufacturing overhead, such as indirect manufacturing cost, factory overhead, and factory burden. All of these terms are synonyms for manufacturing overhead. Nonmanufacturing Costs Nonmanufacturing costs are often divided into two categories: (1) selling costs and (2) administrative costs. Selling costs include all costs that are incurred to secure customer orders and get the finished product to the customer. These costs are sometimes called order-getting and order-filling costs. Examples of selling costs include advertising, shipping, sales travel, sales commissions, sales salaries, and costs of finished goods warehouses. Selling costs can be either direct or indirect costs. For example, the cost of an advertising campaign dedicated to one specific product is a direct cost of that product, whereas the salary of a marketing manager who oversees numerous products is an indirect cost with respect to individual products. Administrative costs include all costs associated with the general management of an organization rather than with manufacturing or selling. Examples of administrative costs include executive compensation, general accounting, secretarial, public relations, and similar costs involved in the overall, general administration of the organization as a whole. Administrative costs can be either direct or indirect costs. For example, the salary of an accounting manager in charge of accounts receivable collections in the East region is a direct cost of that region, whereas the salary of a chief financial officer who oversees all of a company’s regions is an indirect cost with respect to individual regions. Nonmanufacturing costs are also often called selling, general, and administrative (SG&A) costs or just selling and administrative costs. Direct cost, indirect cost, common cost, manufacturing overhead cost, indirect material, indirect labor, selling cost, administrative cost, product cost, period costs, prime cost, conversion cost, variable cost, fixed cost, committed fixed cost, discretionary fixed cost, relevant range, mixed cost, engineering approach, scattergraph, high-low method, traditional format, contribution format income statement, differential cost, differential revenue, opportunity cost.sunk cost, relevant cost.
ABC Costing - Unit, Batch, Product, Facility-Level Activities - Value vs Non-Value Added Costs vs
 
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Classifying Costs by Unit, Batch, Product, or Facility-Level Activities - Value vs Non-Value Added Costs - ABC Costing Benefits vs Costs.
Cost Units & Cost Categories : Types
 
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Cost Units & Cost Categories : Types Lecture By: Mr. Shakthi Swaroop, Tutorials Point India Private Limited
3 Types of Inventory (Raw Materials, WIP, and Finished Goods)
 
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This video discusses the three different types of inventory for manufacturing firms: raw materials, work in process (WIP), and finished goods. An example is provided to illustrate the concepts and demonstrate how the three types of inventory are used to calculate total inventory. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
Views: 80456 Edspira
Factors of Production (Resources)
 
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Factors of Production (Resources) There 4 factors of production, namely, land/raw materials, labor, capital and entrepreneurship. Why is entrepreneurship considered a type of resource? Well, because an entrepreneur brings other 3 factors of production (land/raw materials, capital and labor) together to make production possible. Why is money not considered a type of resource in economics? What is the difference between economic capital and financial capital?
Views: 139953 Economics Mafia
4 Types of Customers and How to Sell to Them - How To Sell High-Ticket Products & Services Ep. 5
 
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Identified what kinds of customers you are selling to. Watch the whole series here: https://www.youtube.com/playlist?list=PLEmTTOfet46PlgDZSSo-gxM8ahZ9RtNQE Watch this video until the end to discover the buying criteria for each type of clients. ★☆★BONUS FOR A LIMITED TIME★☆★ You can download Dan Lok's best-selling book F.U. Money for FREE: http://customertypes.danlok.link ★☆★ SUBSCRIBE TO DAN'S YOUTUBE CHANNEL NOW ★☆★ https://www.youtube.com/user/vanentrepreneurgroup?sub_confirmation=1 Dan Lok, a.k.a. The King of High-Ticket Sales, is one of the highest-paid and most respected consultants in the luxury and “high-ticket” space. Dan is the creator of High-Ticket Millions Methodology™, the world's most advanced system for getting high-end clients and commanding high fees with no resistance. Dan is one of the rare keynote speakers and business consultants that actually owns a portfolio of highly profitable business ventures. Not only he is a two times Tedx opening speaker, he's also an international best-selling author of over 12 books and the host of Shoulders of Titans show. Dan's availability is extremely limited. As such, he's very selective and he is not cheap. But if you think you or your brand might benefit from one-on-one interaction with Dan, visit http://danlok.com ★☆★ WANT TO OWN DAN'S BOOKS? ★☆★ http://www.amazon.com/Dan-Lok/e/B002BLXW1K ★☆★ NEED SOLID ADVICE? ★☆★ Request a call with Dan: https://clarity.fm/danlok ★☆★ CONNECT WITH DAN ON SOCIAL MEDIA ★☆★ Blog: http://www.danlok.com/blog/ Podcast: http://www.shouldersoftitans.com/ Facebook: https://www.facebook.com/danlokfan/ Twitter: https://twitter.com/danthemanlok Instagram: https://www.instagram.com/danlok/ YouTube: https://www.youtube.com/user/vanentrepreneurgroup Linkedin: https://www.linkedin.com/in/danlok Meetup: http://www.meetup.com/Vancouver-Entrepreneurs-Group-Business-Network/ Amazon: http://www.amazon.com/Dan-Lok/e/B002BLXW1K Keywords: big ticket sales, high ticket sales, high ticket selling, charge more money, increase prices, dan lok, preimum prices, luxury marketing expert, luxury selling, luxury sales, mastermind group, high level mastermind, high end clients, high end marketing, affluent clients, selling to affluent, affluent chinese, marketing to affluent, consultant, coach, consulting, coaching, speaking, speaker, lead generation, generate leads, professional services, coaching group, done for you service, high ticket sales funnel, closing sales, event marketing This video is about: 4 Types of Customers and How to Sell to Them - How To Sell High-Ticket Products & Services Ep. 5 https://youtu.be/F2uj9eApGXI https://youtu.be/F2uj9eApGXI
Views: 844859 Dan Lok
What is a Direct Cost vs. Indirect Cost?
 
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Ace your Accounting Tests...the EZ Way. 👉 EZAccountingReviews.com Hey Students! In this video today, we use an easy example of a car to show you how Direct and Indirect Costs work in Managerial Accounting. How are Direct Costs traceable such as engines and wheels? How do you account for electricity or insurance? Find out how in this engaging video. Take a look! ******************************************************************** Wanna Master Managerial Accounting? Claim your 50% Off Coupon Now! Managerial Accounting - The Ultimate Beginner Course: https://www.udemy.com/managerial-accounting-the-ultimate-beginner-course/?couponCode=50_OFFM ******************************************************************** SUBSCRIBE SO YOU CAN MASTER ACCOUNTING! https://www.youtube.com/channel/UCCyBG-qtLqfvCdSG34ES8Ag WANT TO LEARN MORE? CONNECT WITH ME BELOW: ******************************************************************** FACEBOOK: https://www.facebook.com/accountinguniversity?ref=hl GOOGLE+ https://plus.google.com/u/0/b/118255991627414878635/+Accountinguniv/posts WEBSITE https://accountinguniv.com/ ******************************************************************** Comment Below if you have any questions!
Views: 24278 Accounting University
Activity Based Costing (Part 1) Cost Pools and 1st Stage Allocation
 
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This video explains the process of activity-based costing. Using an example to illustrate the process, this video shows how to identify cost pools, assign costs to the costs pools in the first stage allocation, and calculate activity rates. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
Views: 89687 Edspira
Lesson 13 How To Set Up Products & Services Lists In QuickBooks Online
 
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Get Your QuickBooks Online 30 Day Free Trial https://app.fitsmallbusiness.com/goto/quickbooks-course-youtube/ In this lesson, we’re going to cover how to set up your products and services list in QuickBooks Online. If you invoice customers for products and services sold or if you need to keep track of inventory cost and quantities, then it’s important that you set up the Products and Services list in QuickBooks Online Setting up your products and services list in QuickBooks Online will allow you to do the following: • Quickly create invoices that will automatically populate the quantity, description, and price for the product or service fields on the invoice. • Keep track of your sales by product or service. This will allow you to gain insight about what products are selling versus what products are collecting dust on the shelf. ====================================================== Access Our Course On How To Set Up QuickBooks Online: http://fitsmallbusiness.com/how-to-set-up-quickbooks-online/?utm_source=youtube&utm_medium=video&utm_campaign=QBO ====================================================== Subscribe For More Videos On How To Set Up QuickBooks Online and help your business succeed http://www.youtube.com/subscription_center?add_user=FitSmallBusiness
Views: 28392 FitSmallBusiness
Fixed and variable costs as per unit costs and total costs
 
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In this video, we look at per unit cost and total cost as production increases. What happens to fixed cost? What happens to variable cost? What happens to total cost per unit? ********************************************************** C’s get degrees, but they don’t get jobs. College is about earning a high GPA and getting the knowledge you need to succeed in your career. To get that knowledge you need to do the reading for your classes, but we all know it’s boring and time-consuming. What if I told you you could eliminate up to 80% of the reading required in your classes, while actually doing better on your exams? Learn more at https://www.collegesuccesshacks.com ******************* NEED MORE HELP? *********************** For more help with cost behavior?: Variable Cost: https://accountinginfocus.com/managerial-accounting-2/cost-behavior/variable-cost/ Fixed Cost: https://accountinginfocus.com/managerial-accounting-2/cost-behavior/fixed-cost/ Mixed Cost: https://accountinginfocus.com/managerial-accounting-2/cost-behavior/mixed-cost/ Mixed Cost and the High-Low Method: https://accountinginfocus.com/managerial-accounting-2/cost-behavior/mixed-cost-and-the-high-low-method/ Introduction to Fixed and Variable Costs: https://accountinginfocus.com/managerial-accounting-2/cost-behavior/cost-behavior-introduction-to-fixed-and-variable-costs/ For more help with your managerial/cost accounting course: https://accountinginfocus.com/managerialcost-accounting/ For information about Accounting In Focus: https://accountinginfocus.com *************** FREE 30-MINUTE TUTORING SESSION ************* Get great tutoring at an affordable price with Chegg. Use our affiliate link to get your first 30 minutes FREE. http://chggtrx.com/click.track?CID=286409&AFID=424689&ADID=1873486&SID ********************** FOLLOW ME *************************** Facebook: Facebook.com/accountinginfocus Twitter: Twitter.com/KristinLIngram Instagram: Instagram.com/KristinIngramCPA
Views: 35286 Kristin Ingram
17 -- Product Costs Versus Period Costs
 
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An overview of product costs versus period costs, to accompany http://www.principlesofaccounting.com Chapter 17, Introduction to Managerial Accounting. *Check out the Classroom page to find out how to take this course for credit: http://www.principlesofaccounting.com/classroom.html
Views: 17244 Larry Walther
Why Apple Products Are Getting So Expensive
 
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Apple has almost always had a reputation of pricing their products quite a bit higher than their competition, and this premium cost is commonly referred to as the Apple Tax. And it can be traced as far back as the original iPod in 2001, which had a starting price of $399, or about $570 adjusted for inflation. And when compared to other hard drive-based music players that sold for around $200, the iPod’s price was staggering. And when the iPhone was released in 2007, one of its biggest criticisms was its price, coming in at $499, or about $600 today, and that was with a two-year contract. And don’t forget the MacBook Air, which debuted with a $1,800 price tag. And that got you just 64GB of solid state storage. So the Apple tax is nothing new to longtime Apple users, but there has been an unusual trend upward in almost all Apple’s product categories over the past few years. And I think there’s more to that story than the Apple tax can account for.
Views: 1565867 Apple Explained
Activity Based Costing (Cost Hierarchy Categories, Cost Allocation Bases, ABC System Setup, Etc.)
 
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Activity Based Costing (ABC Cost Hierarchy) Place each Cost Pool into one of the categories: 1-Unit level - each unit of product is produced, 2-Batch level - each batch of products is produced, 3-Product level - support a specific type of product, 4-Facility level - maintaining the facility or plant & 5-Customer level - support a specific customer, ABC COST ALLOCATION BASE (1) Activities (Work or function provided), (2) Drivers (Causes the need for activities), (3) Activity Cost Measure (Unit of Measure), (Allocation base for applying OVHD Cost), a. Frequency (# times activity preformed, b. Duration (Time consumed performing activity), c. Physical (Qty. of resource processed by activity), detailed discussion by Allen Mursau
Views: 5611 Allen Mursau
What is 'Cost of Quality' and 'Cost of Poor Quality' ? Hindi
 
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What is 'Cost of Quality' and 'Cost of Poor Quality' ? Hindi - COQ और COPQ क्या है? Learn in simple language. सरल भाषा में जानें Watch other videos from ‘Quality HUB India’- https://www.youtube.com/channel/UCdDEcmELwWVr_77GpqldKmg/videos • Subscribe to my channel ‘Quality HUB India’ for getting notification. • Like, comment & Share the video with your colleague and friends Link to buy My books 1. Mistake-Proofing Simplified: An Indian Perspective: https://www.amazon.in/gp/product/8174890165/ref=as_li_tl?ie=UTF8&camp=3638&creative=24630&creativeASIN=8174890165&linkCode=as2&tag=qhi-21 2. Management Thoughts on Quality for Every Manager: https://www.amazon.in/gp/product/B0075MCLTO/ref=as_li_tl?ie=UTF8&camp=3638&creative=24630&creativeASIN=B0075MCLTO&linkCode=as2&tag=qhi-21 Gadgets I use and Link to buy 1. OnePlus 5 - Mobile https://www.amazon.in/gp/product/B01MXZW51M/ref=as_li_tl?ie=UTF8&camp=3638&creative=24630&creativeASIN=B01MXZW51M&linkCode=as2&tag=qhi-21 2. HP 14-AM122TU 14-inch Laptop https://www.amazon.in/gp/product/B06ZYLLT8G/ref=as_li_tl?ie=UTF8&camp=3638&creative=24630&creativeASIN=B06ZYLLT8G&linkCode=as2&tag=qhi-21 3. Canon EOS 700D 18MP Digital SLR Camera https://www.amazon.in/gp/product/B00VT61IKA/ref=as_li_tl?ie=UTF8&camp=3638&creative=24630&creativeASIN=B00VT61IKA&linkCode=as2&tag=qhi-21 4. Sonia 9 Feet Light Stand LS-250 https://www.amazon.in/gp/product/B01K7SW2OQ/ref=as_li_tl?ie=UTF8&camp=3638&creative=24630&creativeASIN=B01K7SW2OQ&linkCode=as2&tag=qhi-21 5. Sony MDR-XB450 On-Ear EXTRA BASS Headphones https://www.amazon.in/gp/product/B00NFJGUPW/ref=as_li_tl?ie=UTF8&camp=3638&creative=24630&creativeASIN=B00NFJGUPW&linkCode=as2&tag=qhi-21 6. QHM 602 USB MINI SPEAKER https://www.amazon.in/gp/product/B00L393EXC/ref=as_li_tl?ie=UTF8&camp=3638&creative=24630&creativeASIN=B00L393EXC&linkCode=as2&tag=qhi-21 7. Photron Tripod Stedy 400 with 4.5 Feet Pan Head https://www.amazon.in/gp/product/B00UBUMCNW/ref=as_li_tl?ie=UTF8&camp=3638&creative=24630&creativeASIN=B00UBUMCNW&linkCode=as2&tag=qhi-21 8. Tie Clip Collar mic Lapel https://www.amazon.in/gp/product/B00ITOD6NM/ref=as_li_tl?ie=UTF8&camp=3638&creative=24630&creativeASIN=B00ITOD6NM&linkCode=as2&tag=qhi-21 9. Hanumex Generic Green BackDrop Background 8x12 Ft for Studio Backdrop https://www.amazon.in/gp/product/B06W53TMDR/ref=as_li_tl?ie=UTF8&camp=3638&creative=24630&creativeASIN=B06W53TMDR&linkCode=as2&tag=qhi-21 10. J 228 Mini Tripod Mount + Action Camera Holder Clip Desktop Self-Tripod For Camera https://www.amazon.in/gp/product/B072JXX9DB/ref=as_li_tl?ie=UTF8&camp=3638&creative=24630&creativeASIN=B072JXX9DB&linkCode=as2&tag=qhi-21 11. Seagate Backup Plus Slim 1TB Portable External Hard Drive https://www.amazon.in/gp/product/B00GASLJK6/ref=as_li_tl?ie=UTF8&camp=3638&creative=24630&creativeASIN=B00GASLJK6&linkCode=as2&tag=qhi-21 Watch other Videos from ‘Quality HUB India’ 1. Process Capability Study (Cp,Cpk, Pp & Ppk) - https://www.youtube.com/watch?v=5hBRE0uji5w 2. What is Six Sigma ?Learn Six Sigma in 30 minutes- https://www.youtube.com/watch?v=1oiKYydbrSw 3. Failure Mode and Effects Analysis (FMEA) - https://www.youtube.com/watch?v=UxSBUHgb1V0&t=25s 4. Statistical Process Control (SPC) in Hindi – https://www.youtube.com/watch?v=WiVjjoeIrmc&t=115s 5. Measurement System Analysis (MSA) (Part 1) - https://www.youtube.com/watch?v=GGwaZeMmZS8&t=25s 6. Advanced Product Quality Planning(APQP) - https://www.youtube.com/watch?v=FaawYoPsUYE&t=35s 7. ‘Quality Circles' - https://www.youtube.com/watch?v=kRp9OIANgG8&t=25s 8. What is 'Cost of Quality' and 'Cost of Poor Quality' - https://www.youtube.com/watch?v=IsCRylbHni0&t=25s 9. How to perfectly define a problem ? 5W and 1H approach - https://www.youtube.com/watch?v=JXecodDxBfs&t=55s 10. What is 'Lean Six Sigma' ? Learn the methodology with benefits. - https://www.youtube.com/watch?v=86XJqf1IhQM&t=41s 11. What is KAIZEN ? 7 deadly Waste (MUDA) and benefit of KAIZEN - https://www.youtube.com/watch?v=TEcE-cKk1qI&t=115s 12. What is '5S' Methodology? (Hindi)- https://www.youtube.com/watch?v=dW8faNOX91M&t=25s 13. 7 Quality Control Tools - (Part 1) Hindi - https://www.youtube.com/watch?v=bQ9t3zoM0NQ&t=88s 14. "KAIZEN" in HINDI- https://www.youtube.com/watch?v=xJpbHTc3wmo&t=25s 15. 'PDCA' or 'Deming Cycle'. Plan-DO-Check-Act cycle - https://www.youtube.com/watch?v=Kf-ax6qIPVc 16. Overall Equipment Effectiveness (OEE) - https://www.youtube.com/watch?v=5OM5-3WVtd0&feature=youtu.be 17. Why-Why Analysis? - Root Cause Analysis Tool - https://www.youtube.com/watch?v=Uxn6N6OJvwA
Views: 35394 Quality HUB India
Mod-08 Lec-19 Types of Costs
 
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Managerial Accounting by Dr. Varadraj Bapat,Department of Management,IIT Bombay.For more details on NPTEL visit http://nptel.ac.in
Views: 3994 nptelhrd
Stock accounting and product costing in Odoo inventory
 
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For more information, please refer to https://www.odoo.com/page/warehouse To schedule a demo, please refer to https://www.odoo.com/r/demo-dalagon
Views: 2926 Odoo
What is DIRECT MATERIALS COST? What does DIRECT MATERIALS COST mean? DIRECT MATERIALS COST meaning
 
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What is DIRECT MATERIALS COST? What does DIRECT MATERIALS COST mean? DIRECT MATERIALS COST meaning - DIRECT MATERIALS COST definition - DIRECT MATERIALS COST explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Direct materials cost the cost of direct materials which can be easily identified with the unit of production. For example, the cost of glass is a direct materials cost in light bulb manufacturing. The manufacture of products or goods required material as the prime element. In general, these materials are divided into two categories. These categories are direct materials and indirect materials. Direct materials are also called productive materials, raw materials, raw stock, stores and only materials without any descriptive title. Steps to estimate the direct material costs: 1. Find the total amount to be produced. This is usually noted as the order size. 2. Calculate the total amount of raw materials required to produce the order size. 3. Multiply that amount by the cost associated with the raw materials. 4. If there is a waste or scrap, its cost should be added to the costs in step 3. 5. If the waste or scrap can be sold at salvage value, this value should be subtracted from the costs in step 4.
Views: 1295 The Audiopedia
Cost Behavior: Fixed, Variable, Mixed, and Step Costs
 
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This video describes the way four different types of costs behave: Variable, Fixed, Mixed and Step. ********************************************************** C’s get degrees, but they don’t get jobs. College is about earning a high GPA and getting the knowledge you need to succeed in your career. To get that knowledge you need to do the reading for your classes, but we all know it’s boring and time-consuming. What if I told you you could eliminate up to 80% of the reading required in your classes, while actually doing better on your exams? Learn more at https://www.collegesuccesshacks.com ******************* NEED MORE HELP? *********************** For more help with cost behavior?: Variable Cost: https://accountinginfocus.com/managerial-accounting-2/cost-behavior/variable-cost/ Fixed Cost: https://accountinginfocus.com/managerial-accounting-2/cost-behavior/fixed-cost/ Mixed Cost: https://accountinginfocus.com/managerial-accounting-2/cost-behavior/mixed-cost/ Mixed Cost and the High-Low Method: https://accountinginfocus.com/managerial-accounting-2/cost-behavior/mixed-cost-and-the-high-low-method/ Introduction to Fixed and Variable Costs: https://accountinginfocus.com/managerial-accounting-2/cost-behavior/cost-behavior-introduction-to-fixed-and-variable-costs/ For more help with your managerial/cost accounting course: https://accountinginfocus.com/managerialcost-accounting/ For information about Accounting In Focus: https://accountinginfocus.com *************** FREE 30-MINUTE TUTORING SESSION ************* Get great tutoring at an affordable price with Chegg. Use our affiliate link to get your first 30 minutes FREE. http://chggtrx.com/click.track?CID=286409&AFID=424689&ADID=1873486&SID ********************** FOLLOW ME *************************** Facebook: Facebook.com/accountinginfocus Twitter: Twitter.com/KristinLIngram Instagram: Instagram.com/KristinIngramCPA
Views: 43604 Kristin Ingram
Bakery Production Cost Reduction
 
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Please join us for the second installment of ASB's Young Professionals Committee webinar series Back to the Basics, as they explore the fundamentals of cost reduction. In this 60 minute webinar, participants will learn six (6) specific categories of production costs along with ideas regarding how to reduce each of them. Armed with this knowledge, post-webinar supplier attendees will be able to engage in effective dialog with their bakery customers that should result in tangible improvements in the bakery operation. But don't fear, we haven't left our baker professionals out! This webinar also has value for production supervisors to help them support continuous improvement efforts by their baking company. ASB's August YPC webinar is taught by Dr. Kirk O'Donnell of Bakers Growth, who has over ten (10) years of experience in bakery operations and over twenty (20) years of experience in education and training. He is also author of the Bakery Production Handbook.
Inventoriable Product Costs
 
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Please like our Facebook page at https://www.facebook.com/rutgersweb To watch the entire video, please go to https://www.youtube.com/watch?v=IRdOBNeFXSA Description: In this lecture, merchandising and manufacturing companies are compared (including the income statements of both). Many common terms and definitions used throughout Managerial Accounting is discussed here as well. To receive additional updates regarding our library please subscribe to our mailing list using the following link: http://rbx.business.rutgers.edu/subscribe.html
Marginal Costing Techinque - Learn Accounting Online
 
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Objective of this video: What are the elements of cost ? What are the two most important costing techniques ? What is marginal costing technique ? What is contribution ? The different elements of costs are materials, labour and expense. The elements of costs can broadly be put into two categories. Fixed costs are those which do not vary, but remain constant within a given period of time, inspite of fluctuations in production. The examples of fixed costs are rent, insurance charges, management salaries, etc. On the other hand, variable costs are those which vary in direct proportion to any change in the volume of output. The costs of direct material, direct wages, etc. can be put into this category. The cost of a product can be ascertained by any of the following two techniques. Marginal costing: This technique is a definite improvement over the technique of absorption costing. According to this technique, only the variable costs are considered in calculating the cost of the product, while fixed costs are charged against the revenue of the period. The marginal cost of a product is its "VARIABLE COST". There are different phrases being used for this technique of costing. In UK, marginal costing is a popular phrase, whereas in US, it is known as ''DIRECT COSTING'' and is used in place of marginal costing. ''VARIABLE COSTING'' is another name of ''MARGINAL COSTING''. Contribution: Marginal costing technique has given birth to a very useful concept of ''contribution'' where contribution is given by sales revenue less marginal cost (variable cost). Contribution may be defined as the profit before the recovery of fixed costs. Thus, contribution goes towards the recovery of fixed cost and profit, and is equal to fixed cost plus profit (C = F + P). Contribution = Fixed cost + Profit In case, a firm neither makes profit nor suffers losses, contribution will be just equal to fixed cost (C = F). This is known as ''BREAK EVEN POINT''. The concept of contribution is very useful in marginal costing. It has a fixed relation with the sales. PRINCIPLES OF MARGINAL COSTING TECHNIQUE Since fixed costs relate to a period of time, and do not change with increase or decrease in sales volume, it is misleading to charge units of sale with a share of fixed costs. When a unit of product is made, the extra costs incurred in its manufacturing are the variable production costs. Fixed costs are unaffected, and no extra fixed costs are incurred when output is increased.
Views: 37921 Alternate Learning
Absorption Costing - Costs and Costing Techniques - Learn Accounting Online
 
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COSTS AND COSTING TECHINQUES The different elements of costs are materials, labour and expenses. The elements of costs can broadly be put into two categories. 1. Fixed costs 2. Variable costs Fixed cost are those which do not vary, but remain constant within a given period of time, inspite of fluctuations in production. The examples of fixed costs are rent, insurance charges, management salaries, etc. On the other hand, variable costs are those which vary in direct proportion to any change in the volume of output. The costs of direct material, direct wages etc, can be put into this category. The cost of a product can be ascertained by any of the following two costing techniques: 1. Absorption costing Technique 2. Marginal Costing Techigue Absorbtion costing technique is also termed as ''TRADITIONAL or FULL COST METHOD''. According to this method, the cost of a product is determined after considering both fixed and variable costs. The variable costs, such as those of direct materials, direct labour, etc. are directly charged to the products, while the fixed costs are approportioned on a suitable basis over different products, manufactured during a period. Thus, in the case of absorption costing, all costs are identified with the manufactured products. Advantages of absorption costing: It recognizes the importance of fixed costs in production. This method is accepted by Inland revenue, as stock is not undervalued. This method is always used to prepare financial accounts. When production remains constant, but sales fluctuate absorption costing will show less fluctuation in net profit. Unlike marginal costing, where fixed costs are agreed to change into variable cost, it is cost into the stock value, hence distorting stock valuation. Disadvantages of absorption costing: It assumes that prices are simply a function of costs. It does not take the account of demand. It includes past costs which may not be relevant to the pricing decision at hand. It does not provide information which aids decision-making in a rapidly changing market environment.As the manager's emphasis is on total cost, the cost-volume-profit relationship is ignored. The manager needs to use his intuition to make the decision.
Views: 66431 Alternate Learning
The Economics of Airline Class
 
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Check out Squarespace: http://www.Squarespace.com/Wendover 10% off code: Wendover Support Wendover Productions on Patreon: https://www.patreon.com/wendoverproductions Get a Wendover Productions t-shirt for $20: https://store.dftba.com/products/wendover-productions-shirt Youtube: http://www.YouTube.com/WendoverProductions Twitter: http://www.Twitter.com/WendoverPro Email: [email protected] Reddit: http://Reddit.com/r/WendoverProductions Select visuals courtesy http://www.Shutterstock.com Sound by Graham Haerther (http://www.Haerther.net) Select visuals courtesy British Airways Select visuals courtesy Etihad Airways Select visuals courtesy Virgin Galactic “Poldoro” by Milton Arias “Summer Movement 1” by John Harrison with the Wichita State University Chamber Players Big thanks to Patreon supporters: Rob Harvey, Venkata Kaushik Nunna, Josh Berger, Paul Jihoon Choi, Huang MingLei, Dylan Benson, Maximillian van Kasbergen, Victor Zimmer, William Chappell, Eyal Matsliah, Sihien,Joseph Bull, Marcelo Alves Vieira, Jonah Paarman, maco2035, Hank Green, Plinio Correa, Connor J Smith, Brady Bellini
Views: 6827284 Wendover Productions
SAP PRODUCT COSTING CONFIGURATION - CREATE ACTVITY TYPES
 
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SAP Controlling Configuration SAP PRODUCT COSTING CONFIGURATION CREATE ACTVITY TYPES
Views: 1568 sapfico cin
Business Plan-Cost Categories  Cost of Goods Sold (COGS) and Overhead
 
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http://www.CapitalMatchPoint.com - There a two kinds of cost. Cost of Goods Sold is the cost directly associated with providing your product or service. Overhead is the additional cost (administrative) required to support your business. Investors want to know both because it tells them the raw value of your company and potential areas for curtailing cost. Get a COMPLETE TRANSCRIPT of this video at: http://capitalmatchpoint.com/content/business-plan-cost-categories-%E2%80%93-cost-goods-sold-cogs-and-overhead , Hosted by Mark Bass, MBA, The Capital MatchPoint, Call 770.433.8250 for any questions about investors or entrepreneurs.
Views: 1501 findinvestors
Activity Based Costing (with full-length example)
 
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This video explains the process of Activity-based Costing and illustrates how Activity-based Costing is used with an example. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
Views: 183131 Edspira
[#1] Introduction to Cost Accounting - (COST SHEET) :-by kauserwise
 
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Introduction to Cost Accounting - (COST SHEET) Accounting tutorial, Elements of costs, Material cost, Labour cost, other expenses, Direct material cost, indirect material cost, direct labour cost, indirect labour cost, direct other expenses, indirect other expenses. Over heads. Factory over heads, office and administrative over heads, selling and distribution over heads. To watch more tutorials pls visit: www.youtube.com/c/kauserwise * Financial Accounts * Corporate accounts * Cost and Management accounts * Operations Research Playlists: For Financial accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnojfVAucCUHGmcAay_1ov46 For Cost and Management accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnpgUjlVR-znIRMFVF0A_aaA For Corporate accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnorJc6lonRWP4b39sZgUEhx For Operations Research - https://www.youtube.com/playlist?list=PLabr9RWfBcnoLyXr4Y7MzmHSu3bDjLvhu
Views: 715975 Kauser Wise
Intro to Managerial Accounting: Activity Based Costing (Chapter 5)
 
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Introduction to Managerial Accounting Professor Savita Sahay Activity Based Costing (Chapter 5) Please visit our website at http://raw.rutgers.edu TIME STAMPS Quick Review of Applied Overhead: 0:19 Practice Problem: 2:48 --- Calculating cost of each unit (job costing) Single Allocation Rate System Outdated: 4:00 ABC Features: 4:47 Practice Problem #2 (info given): 5:46 --- ABC question & solution: 7:15 Practice Problem #3: 9:15 --- Budgeted overhead rate and overhead cost per unit calculations --- Overhead Allocation: 10:26 Steps in Activity Based Costing: 13:00 Hierarchy of Activities: 13:37 Practice Problem #4: 15:14 --- Identifying unit, batch, product, and facility level activities Comprehensive Practice Problem #5: 16:41 --- Questions / Solutions: 17:26 Bottom Line - Simple vs. ABC [Conclusion]: 21:54 The applied overhead rate is a sinle, manufacturing overhead allocation rate using the following formula: Budgeted Manufacturing Overhead Rate = Budgeted manufacturing overhead costs / Budgeted Direct Labor hours. Allocating overhead costs to the job involves multiplying the budgeted allocation rate by the number of actual direct labor hours. Traditional systems were developed in 1800 and focused on simplicity because (1) direct labor information was already being recorded, (2) direct labor was a large component of product costs, and (3) managers believed direct labor and overhead costs were highly correlated. Simple systems often resulted in cross-subsidization, and incorrect costs lead to sub-optimal decisions. The single allocation rate system is outdated. Today, direct labor alone may no longer be a satisfactory base for allocation of overhead. Most companies sell a large variety of products that consume differing amounts of overhead. As a percentage of total costs, direct labor has been shrinking and overhead has been increasing. Many of the new overhead costs may not be correlated with direct labor. Technology advancements have reduced the cost and complexity of gathering diverse sources of data. In activity based costing, a number of allocation bases are used for assigning costs to products. A predetermined overhead rate is computed for each activity and then applied to jobs and products based on the amount of activity consumed by the job or product. It also calculates a more accurate product cost than traditional methods (by categorizing all indirect costs by activity, tracing the indirect costs to those activities, and assigning those costs to products by using a cost driver related to the cause of the cost). The steps in activity based costing involve (1) identifying and classifying each activity, (2) estimating the cost of resources for each activity, (3) identifying a cost driver for each activity and estimating the quantity of each cost driver, (4) calculating an activity cost rate for each activity, and lastly, (5) assigning costs to products based on the level of activity required to make the product or provide the service. The hierarchy of activities is as follows: (1) Unit level (output level) activities are performed each time a unit is produced (such as providing power to run processing equipment. (2) Batch-level activities are performed each time a batch is handled or processed, regardless of how many units are in the batch (such as setting up equipment and shipping customer orders). (3) Product-sustaining level activities relate to specific products and must be carried out, regardless of how many batches are run or units produced and sold (such as designing or advertising a product). (4) Facility sustaining level activities are carried out regardless of which products are produced, how many batches are run, or how many units are made (such as heating a factory or building rent). Examples of each type of activity: machine depreciation is UNIT level, setup costs are BATCH level, spare parts management is PRODUCT level, and property taxes / insurance is FACILITY level. Regarding simple vs. activity based costing, both methods are mathematically correct and acceptable. Each method yields a different cost figure, which will lead to different gross margin calculations. Only overhead is involved. Total costs for the entire firm remain the same - they are just allocated to different cost objects within the firm. Selection of the appropriate method and drivers should be based on experience, industry practices, as well as cost benefit analysis of each option under consideration. To receive additional updates regarding our library please subscribe to our mailing list using the following link: http://rbx.business.rutgers.edu/subscribe.html
Views: 21422 Rutgers Accounting Web
Identifying Material and Energy Cost Categories of Forest...
 
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Identifying Material and Energy Cost Categories of Forest Products Production Using Material Flow Cost Accounting Material Flow Cost Accounting (MFCA) is a method belonging to the general Environmental Management Accounting framework and it has been used mainly in the industry for increasing resource efficiency, cost savings, and minimization of environmental degradation. MFCA treats material losses (wastes and emissions) as one more output of the production process and assigns a cost on it. Thus, the managers can understand the material and money losses, something which is not the case in conventional cost accounting. The method has been standardized with the ISO14051 certification, and is now applied in several different sectors. However, its potential use is very wider compared to its current use. Indeed, there is a lack of applications in the service sector, in public services, or in the primary sector. Forest sector belongs to the latter and it may sometimes use significant quantities of energy and materials for the production of its outputs. Unfortunately, currently the forest managers are not able to understand such losses. In the present research, we focus on MFCA and its potential use to the main forest products, such as timber, or cultivated Christmas trees. We identify the main material and energy costs, and give examples of the differences between Material Flow Cost Accounting and its conventional counterpart, demonstrating the benefit for reduced material and energy resources and the protection of natural environment.
Views: 176 IAFOR
Amazon Arbitrage: The Best Categories to Sell in & How to Know if it Will Sell
 
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To receive the Arbitrage Sales Guide bonus, go here and I will email it to you: https://justonedime.com/lm/arbitrage-sales-guide 👉🏼We are accepting new students into our Arbitrage course here: https://justonedime.com/arbitrage. 🔥 6 workshops Receive 540 minutes of step-by-step workshops + weekly live Q&A + 15 screen sharing tutorials! 🔥 Private group Ask all your questions inside the private mastermind Facebook group and receive help from advanced sellers and coaches. 🔥 Exclusive training materials Receive 180 free leads ranking 1% to 2% per category with minimum 40% ROI + 2-hour training video on how to use them. We are a growing network of entrepreneurs, impacting the world by helping those in need, investing in opportunities and new ideas, creating wealth, and living a life of meaning. ★ Follow us ★ ➜ Instagram: @sethkniep ➜ Twitter: @justonedime 🔥Beast up on knowledge 🔥 ➜ Just One Dime Amazon Warriors Facebook page: https://www.facebook.com/groups/jod.amazon.warriors/ ➜ Just One Dime Amazon Warriors iTunes podcast https://justonedime.com/itunes ➜ Just One Dime Blog: https://justonedime.com/blog If this video was helpful to you, please like, subscribe, and comment below! Subscribe here ➜ http://bit.ly/JustOneDimeSubscribe
Views: 45027 Seth Kniep
SAP Product Costing Configuration - Define Costing  Sheets
 
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SAP Product Costing Configuration Define Costing Sheets Costing sheet KZS2 http://www.amazon.com/dp/B00R0AW47K
Views: 2379 sapfico cin
What Types of Products Can Beginners Sell On Amazon FBA?  (Gated vs Ungated Categories)
 
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Have you ever wondered what types of products are good for beginners sell on Amazon? 🚀Join the New Facebook Group - http://OACheddar.com/group Good question. There are two types of product categories on Amazon. Gated vs. Ungated Categories Recently new sellers often times get worried about which categories to get ungated in and where they should focus. So it's important for people to know that there is a tremendous opportunity for people to make a lot of money on amazon selling in ungated categories. 1. Check Amazon Seller App to see if you're eligible to sell a particular item. Here are some good ungated categories to get started selling on Amazon. Ungated Categories - New or Used Books - Home and Kitchen - Video Games - Baby (BIG ONE) - Electronics (Be careful with this one, personally we like simple products that can't break) - Sports & Outdoors - Office Products Some of our favorite Gated Categories: - Cloths - Grocery (replenishables) - Beauty - Shoes, Handbags, Sunglasses - DVD's - Luggage Again when you're first getting started selling on Amazon, we recommend sticking with ungated categories until you become familiar with Amazon Seller Central and the FBA platform. Then a good rule of thumb is to add one new category each year. If you're more aggressive and you want to expand your inventory into other categories you can always go faster, but we've found that it's easier to focus on fewer categories rather than spreading yourself thin. Some of our favorite places to find profitable products to buy for amazon. Wallmart Best Buy Office Max Office Depot Tractor Supply Company Grocery Depot Buy, Buy, Baby Like, Comment, & Subscribe to our channel so you can be notified when we release new videos. Subscribe to our channel: https://www.youtube.com/channel/UC3_Pqn-FSBuyX14uJrRbZZg Full Interview about how to sell on Amazon: https://www.youtube.com/watch?v=VZJXhrRc0xI Apply to join our group: http://SellerSecrets.com #Icanhasfreedom Thanks for watching, "What types of products can beginners sell on Amazon." We certainly appreciate your comments.
Views: 124896 Income Story
WOOCOMMERCE: How to Setup Shipping Charges in Woocommerce 2017
 
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Set Up Shipping in WooCommerce for Wordpress. Woocommerce is a great eCommerce platform but setting up shipping in Woocommerce can be confusing. In this video, I'll guide you through the basis of setting up multiple flat rate shipping fees along with a simple 'fall back' rate for products without a shipping class applied. Follow me as I guide you step by step through the entire process of Setting Up Shipping in Woocommerce for Wordpress and demonstrate it working. Free tutorials for Wordpress, Slider Revolution and Visual Composer. New tutorials added every Wednesday. Take your Wordpress website and skills to the next level! AFFILIATE DOWNLOADS If you like what we do and would like to support us, please consider using these affiliate links when purchasing any of the plugins covered in our tutorials. Thank you for your support. SLIDER REVOLUTION 5 - https://codecanyon.net/item/slider-revolution-responsive-wordpress-plugin/2751380?ref=Psmeg VISUAL COMPOSER: https://codecanyon.net/item/visual-composer-page-builder-for-wordpress/242431?ref=Psmeg IMPREZA THEME: https://themeforest.net/item/impreza-retina-responsive-wordpress-theme/6434280?ref=Psmeg SUBSCRIBE https://www.youtube.com/channel/UCiTDv6q1XYwZnAm2EYN8wKw LETS CONNECT: https://twitter.com/WPTutz SUPPORT: Our website offers additional information and perks. Please check it out! http://wptuts.co.uk -~-~~-~~~-~~-~- Speed Up Your Wordpress Website in 30 Seconds or Less!! https://www.youtube.com/watch?v=9pLbCFHzWyE -~-~~-~~~-~~-~-
Views: 100868 WPTuts
Types Of Life Insurance Explained
 
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There are many different kinds of life insurance. Term Life, Whole Life, and Universal Life are just three of the most basic kinds. Check out life insurance expert Byron Udell break down the main three different types of life insurance. Visit our blog and learn more about how much life insurance you need and the kind of coverage that fits your life. If your thirst for knowledge extends past the common questions, peruse our blog at your leisure. Blog: http://bit.ly/2DR415l How much life insurance do you need? Learn! http://bit.ly/2DRQ9I0 3 Reasons People Put Off Buying Insurance. Know it! http://bit.ly/2DSMFVZ Read the Video! Hi. I’m Byron Udell, Founder and CEO of AccuQuote. Since 1986, we’ve helped millions of people save money on their life insurance. When you boil it down, there are really only two kinds of life insurance: “Temporary” coverage, which is called “Term Insurance”…and “Permanent Insurance.” Both Term and Permanent life insurance come in various shapes and flavors to satisfy different needs. Permanent insurance is designed to provide coverage for as long as you live. If your needs are long-term, like estate planning or final expenses, or if you just want to leave a bigger legacy, no matter when you die, permanent life insurance is probably the way to go. There are lots of different kinds of permanent insurance, but the two primary categories are…whole life and universal life. And I’ll come back to these in a minute. Term life insurance is, by definition, “temporary” insurance. It’s designed to provide coverage for a limited period of time, typically 10, 20 or 30 years. Term policies are simple and extremely inexpensive. In most cases, your cost each year is guaranteed to remain level for whatever the term is. Again, typically 10, 20 or 30 years. After the term is over, make sure you’re sitting down when you receive your premium notice, because your rates are going to jump up dramatically. Sometimes by a factor of as much as 10 or more. But some of these policies have a built-in conversion option that’ll allow you trade in your term coverage for a shiny new permanent policy. Term life makes sense if you know when you’re going to be financially independent or if you’re sure there’s some date down the road where no one will be depending on you anymore financially. Like when your kids are all grown up and your mortgage is all paid off. Term is also good when you’re younger and your biggest concern is getting the protection in place and keeping your costs down. If you’re a non-smoker in your 30s and healthy, you can buy a 20-year, $250,000 term policy for less than $20 a month. Sounds too good to be true? Well, it’s 100% true. Now back to Permanent Life Insurance. Whole Life and Universal Life insurance are more expensive than Term, but let’s look at what you’re getting for the money. Unlike term insurance, permanent insurance in generally designed to last forever. You can’t outlive a permanent life insurance policy. With most permanent policies, as long as you pay your premiums on time, your family is guaranteed to receive the death benefit…no matter when you die. Whether that’s tomorrow or 50 years from now. Unlike term insurance, permanent insurance policies can also build cash surrender values, which can be accessed at any time, for any reason. You can set up your premiums to be level of life…guaranteed. You won’t have to worry about premiums going up when you get older and forcing you to drop the policy. Nor will you have to worry about being healthy enough in the future to have to requalify or replace the coverage. If you like, you can also arrange to pay for the policy over a shorter period of time, say 10 years, so after that, you own the coverage…and no further premiums are due for the rest of your life. Universal Life Insurance, one kind of permanent life insurance, offers a certain amount of built-in flexibility. You have the ability to change your premiums and death benefits to keep pace with changes in your life. Whole Life Insurance is what I refer to as the “Rolls Royce” of life insurance. Whole life costs more than all the other types of life insurance we’ve discussed, but it does more. Over time, these policies develop significant cash value that are guaranteed and can be accessed at any time. Regardless of what happens in the economy, each year, the cash values grow…guaranteed.
Views: 245852 AccuQuote Life Insurance
Products and Pricebooks in Salesforce
 
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Using salesforce.com (Professional Edition and above) this is a quick setup guide for Products, Pricebooks and Revenue/Quantity scheduling. A brief walkthrough of how to create a Pricebook, how to Add a Product to the Pricebook, then schedule the Product through an Opportunity
Views: 98140 Alex Zarowny
Managerial Accounting (Cost Volume Profit Analysis 1) - Divya Anantharaman
 
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Introduction to Managerial Accounting Lecture 5: Cost Volume Profit Analysis (Part 1) by Divya Anantharaman In this lecture, the professor begins with a recap of the previous class. The professor then begins with the new topic through defining the three different types of companies. The professor continues with classifying costs as manufacturing or non-manufacturing, and further defines both through its sub-categories. The professor then moves on to classifying costs as product or period. Finally, the professor introduces Cost Volume Profit Analysis, contribution margin, and break-even point. To provide students with better understanding, the professor uses examples. Class Starts: 0:06 Recap of Last Class: from 0:13 to 24:14 --- Key points on relevance range: from 0:30 to 3:20 --- Total Cost & Unit Cost: from 3:21 to 4:47 --- Review exercise: from 4:47 to 24:14 Definition of Terms 3 Different types of companies: 24:27 --- Manufacturing Company: 24:36 --- Service Company: 24:45 --- Merchandising Company: 25:03 Cost Classification: Manufacturing vs. Non-Manufacturing: 25:53 Manufacturing/Production Costs: 26:21 3 Categories of Manufacturing Costs: 26:51 --- Direct Materials: 26:59 --- Direct Labor: 27:15 --- Manufacturing Overhead: 27:22 Non-Manufacturing Costs: 26:38 Manufacturing Overhead vs. Non-Manufacturing Overhead: 27:37 Cost Classification: Product vs. Period: 29:40 Cost Volume Profit Analysis: 30:31 How to approach Cost Volume Profit Problems: 32:08 --- Examples: 33:13 Contribution Margin: 44:05 Ways of expressing contribution margin --- First: 44:59 --- Second: 45:35 --- Third: 46:35 --- Analysis of Examples: 50:09 Break-Even Point: 58:48 Ways to think of the break-even point --- First: 1:00:35 --- Second: 1:01:12 --- Example: 1:02:59 To receive additional updates regarding our library please subscribe to our mailing list using the following link: http://rbx.business.rutgers.edu/subscribe.html
How To Calculate The Unit Cost (the cost of 1 item)
 
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Here you will be shown a short video which shows how to calculate the unit cost. The unit cost is the cost one item. The unit cost can be found by dividing the amount of money by the amount of items that you're buying.
Views: 10162 maths3000
HOW MUCH DOES IT COST TO PRIVATE LABEL PRODUCTS FOR SHOPIFY? CHEAPER THAN YOU THINK
 
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► FREE DropShipping Webinar: https://jamesbeattie.iljmp.com/3/YT-web ►Get Ecom Dom: http://ecominsiders.co/course In todays video I talk about how much it is costing me to manufacture and private label a whole new product line. Over the next few months I am going to take you guys through the journey of building out this shopify private label brand from scratch. I will also be releasing these products over on Amazon. ►Get Shopify 21 Day Free Trial: http://ecominsiders.co/shopify21 ►Get Oberlo: http://bit.ly/2gZ1BIZ ►Get my Ecommerce course: http://ecominsiders.co/course ►Get my FREE Ecom Course: http://ecominsiders.co/freetraining ►Join over 28,000 Shopify Entrepreneurs: http://fb.com/groups/ecominsiders ►Follow me on Instagram: http://instagram.com/jamesbceo **We have partnered with shopify for the deal above** **We have partnered with shopify for the deal below** best shopify products best aliexpress products top selling products how to start a shopify store shopify tutorial for beginners shopify apps how to make money online Amazon Private Label
Views: 6649 James Beattie
How Much Does It Cost To Launch A Private Label Product for Amazon FBA?
 
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**Get your copy of the Product Cost Worksheet here: http://thebootstrapboutique.com/product-cost-worksheet Is selling on Amazon right for you? Take my free 5 day course to find out. Sign up here -- http://eepurl.com/cFsMZP In today's video I'm answering the question: how much does it cost to sell my first private label product on Amazon FBA. New Amazon Sellers often want to know how much it will cost to launch a private label product on Amazon FBA because the start up costs seem big. I can't tell you what it will cost to launch every product, but I am happy to share my product start up costs. My costs to bring the private label product to market include: -samples -design -product -shipping -photos It added up fast for me. Are there ways to do it with less cost? Yes, and I will be exploring them down the road. But I was ready to jump, ready to bring my product to market, and I paid to do it. Fingers crossed it works out for me. **Get your copy of the Product Cost Worksheet here: http://thebootstrapboutique.com/product-cost-worksheet You can watch the video with a transcript at the blog: http://thebootstrapboutique.com/2017/02/22/cost-to-launch-a-private-label-product/‎ Website: http://www.thebootstrapboutique.com Email: [email protected] Twitter: @megloftin Freedom Lifestyle Project talks about the cost of Private Label here: https://youtu.be/FYezY3gNSnY https://youtu.be/-P58QztaDLM
Views: 13899 The Bootstrap Boutique
SAP CONTROLLING - Unisid Technologies
 
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SAP CONTROLLING Training Videos for Instructor led Live training from Unisid Technologies Contact Info : IND +91 996 357 7880 | US +1 908 235 3555 | email : [email protected] General Controlling Introduction of Controlling Module Organization Structure Operating Concern Controlling area Company Company Codes Setup Controlling Area Maintain Controlling Area Maintain Versions Maintain Number Ranges for Controlling Documents Cost Element Accounting Manual Creation of Primary And Secondary Cost Element Automatic Creation of Secondary Primary Cost Element Create Cost Element Groups Cost Center Accounting Creation of Cost Centers Creation of Cost Center Groups Manual Reposting of Cost Repost Line Items Planning Cost Center Wise Cost Center Budgets Assessment Distribution Reports for Cost Center Accounting Activity Type What is Activity Type Creation of Activity Master Data Planning of Activity Type Cost element/Activity input planning Activity Dependent Activity Independent Create Planning Layout Activity Dependent Activity Independent Plan Data Upload via Excel Sheet Product Cost Controlling Introduction Product Costing Flow Product Costing Value Flow Product Cost Controlling Components Product Cost Planning Cost Object Controlling Product Cost by Period Product Cost by Sales Order Product Cost Planning Settings relevant to Standard Cost Estimate Cost Estimate with Quantity Structure Cost Estimate without Quantity Structure Cost Component Structure Primary Cost Component Structure Auxiliary Cost Component structure Cost Sheet Costing Variant Cost Object Controlling Settings Relevant to Plan and Actual Cost Calculation and Month End Process (WIP, Variance, Settlement) Product Cost by Order MFG Order (Production Order) Process Order Settings Costing Variant for Plan Costing type (06) Valuation Variant Costing Variant for Actual Costing Type (07) Valuation Variant Period End Settings WIP (RA Key) Variance (Variance Key) Settlement Profile Settlement Type Valid Receivers PA Transfer Structure (Variance Transfer to COPA) Allocation Structure Source Structure Settlement Rule Integration with other modules Variance link to Plant Order type link to Settlement Profile, RA key, Costing Variant Plan and Actual Product Cost by Period Product Cost Collector with Production Version (Repetitive MFG) With WIP (Work-in –Process) Without WIP Product Cost by Sales Order Sales Order is not a Cost Object with Valuated Stock Sales Order is a Cost Object with Valuated Stock Sales Order is a Cost Object with Non Valuated Stock Integration FI – MM, FI – SD, FI – CO , CO – MM, SD, PP Product Planning Define MRP Controller Define Floats (Scheduling Margin Key) Define Production Scheduler Determine Person Responsible for Work Center Assign material Types Creation of Raw Material and Finished Goods Bills of Material Creation (BOM) Creation of Work Centers Creation of Routing Month End Activities Allocation of Cost Between departments (distribution and Assessment) Indirect Activity Allocation Template Allocation Actual Activity Price Calculation Revaluation of Order/Activities Actual O/H Calculation Settlement of CO- Products (Joint / By Product) Set the WIP cutoff period WIP Calculation Variance Calculation Production Order Settlement Profitability Analysis Costing Based Profitability Analysis Account Based Profitability Analysis Org Unit – Operating Concern Profitability Segment With Respect to Market Segment Marketing / Sales Related Info. Multidimensional analysis Structure Maintain Characteristics Maintain Value Fields Derivation Derivation Rule Table Look-up Move Clear Valuation Strategy Actual Data Flow Integration With Other Modules Information System Creation Profitability Report Forms (Report Painter) Execute Profitability Reports
Views: 5017 Unisid Technologies
How Much Money To Launch First Amazon Private Label Product? - Cost Breakdown July 2018
 
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⭐️ FREE Amazon FBA Beginner Guide: https://bit.ly/2wYP11i ⭐️ 50% OFF JUNGLE SCOUT: https://goo.gl/ovJwuP (Essential for Amazon product research) How much should you expect to invest in your first private label product on Amazon? In this video, I break down the three main categories of costs and expenses you will encounter. Enjoy! $6000 In Two Weeks! First Private Label Amazon FBA Product Results: https://youtu.be/dQ3E_waZNaw How I TRIPLED My Amazon Reviews OVERNIGHT! : https://youtu.be/yyDEIjX4fec AVOID this MISTAKE Before Starting Amazon FBA: https://youtu.be/Ymxw3Q5AdME 📲 WHERE TO CONNECT WITH ME: INSTA: https://www.instagram.com/griffinmilks FACEBOOK: https://www.facebook.com/griffinmilksbusiness
Views: 307 Griffin Milks
How to Find High Profit Products to Sell on eBay
 
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To receive the top 100 selling items on eBay bonus, go here and I will email it to you: https://justonedime.com/lm/top-100-selling-items-on-ebay 💪🏼 We show you step-by-step, from A to Z, how to build a successful business on Amazon that works for you instead of you working for it.💪🏼 🔥 https://justonedime.com/amazon-fba-coaching 🔥 Succeed on Amazon with 5 hours of weekly live coaching for an entire year, plus everything you need to utterly crush it on Amazon 👉🏻 https://justonedime.com/coaching 👈🏽 We are a growing network of entrepreneurs, impacting the world by helping those in need, investing in opportunities and new ideas, creating wealth, and living a life of meaning. ★ Follow us ★ ➜ Instagram: @sethkniep ➜ Twitter: @justonedime 🔥Beast up on knowledge 🔥 ➜ Just One Dime Amazon Warriors Facebook page: https://www.facebook.com/groups/jod.amazon.warriors/ ➜ Just One Dime Amazon Warriors iTunes podcast https://justonedime.com/itunes ➜ Just One Dime Blog: https://justonedime.com/blog If this video was helpful to you, please like, subscribe, and comment below! Subscribe here ➜ http://bit.ly/JustOneDimeSubscribe I walk you step-by-step How to Find High Profit Products to Sell on eBay. Here are the steps I share on how to find high profit items to sell on eBay. (In my next video I’ll show you how to do the same on Amazon). 1. Log into ebay.com. 2. Click “shop by category” then “see all categories.” 3. Find a category that you’re already familiar with. 4. Niche down to the smallest category you can. 5. Filter your search to “new”, “buy it now”, and “free shipping.” 6. Find products in the $10 to $75 range. 7. Make sure that at least 10 of the product sold in the last 30 days. 8. Find products that are light to ship. 9. Differentiate! Find several products and then pick the top 3. Subscribe and comment below if you’d like to receive my top 100 selling items on eBay list and I’ll send it to you!
Views: 359133 Seth Kniep
Standard Cost Versus Actual Cost: Which is Best?
 
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http://www.CostMatters.com Standard costs are used in most manufacturing companies and in many service companies. Despite claims by certain authors and consultants, standard costs have a valuable place in management's toolbox. Standard costs are best used for transaction systems and for external reporting. But most often are not appropriate for internal management decisions. Management decision require flexibility, and adapting the information to the type of decision being made. Understanding appropriate usage of this management tool is key to using it appropriately. This is the second of a series exploring standard costs.
Views: 8848 CostMatters