America history since 1865 Essay Example | Topics and Well Written Essays - 750 words

America history since 1865 - Essay Example After the Civil Rights Movement, all practices that discriminated the negro that include laws, norms (giving up a seat to a white), segregation was ended and paved the way for policies that elevated the Negro to have more place in American society such as the Affirmative Action Policy. Today, United States has now an Afro American President to the person of President Obama which would not have been possible without the Civil Rights Movement. II. Growth of government and state power   The New Deal was a government program of action by President Roosevelt to address the Great Depression when he assumed office as a President of the United States on March 4, 1933 I believe is the most important aspect of government’s growth and state power. The New Deal lifted the United States economy from the shambles of the Great Depression to become an economic superpower after the Second World War. President Roosevelt’s New Deal involved a series of economic programs focused on Relie f, Recovery and Reform of the economy not only to address the Great Depression but also to avoid the repetition of the same. Among the programs of his new deal was the obtained permission to reopen most banks and provided grants to citizens. He instituted government initiated work programs to generate employment through the Works Progress Administration (WPA) programs. President Roosevelt also pump primed the economy with the widespread public spending on infrastructure by constructing roads, buildings, dams and similar projects through his Public Works Administration (PWA) which provided not only jobs but income in the system. He also enlisted young men in the Civilian Conservation Corps (CCC) to work on conservation projects. President Roosevelt’s New Deal was to elevate both income and prices which dropped during the depression. When Second World War came in 1941, President Roosevelt shifted his attention to foreign policy to address the war. The war proved to be good for the US economy because the massive spending to build war machines double the country’s Gross National Product or GNP and reduced unemployment rate from 14% to less than 2%. III. United States Foreign Affairs   I would like to discuss the immigrants in the Chesapeake and New England as America’s early experience in Foreign Affairs because these migrations in 16th and 17th century helped shape the kind of country that she is today. In between 16th and 17th century, immigrants from England settled into the eastern coast of the colonized New World which was then known as America. These groups settled into two regions which were the Chesapeake and New England areas. Chesapeake included Virginia, Maryland, New Jerseys (East and West), Pennsylvania and Jamestown while New England composed of included Massachusetts Bay Colony, Plymouth, Rhode Island, Connecticut, and New Haven. While these immigrants came from the same country and spoke the same tongue, they proved to become different kind of people when they settled into these regions of America. Settlers in Chesapeake came into America mainly for economic reason while immigrants in the New England settled in America to escape the religious persecution back in England. Those who went to Chesapeake were into finding riches while those who settled in New England hoped to have religious freedom which they did not have back in England. Having different reason and motivation

Radiology Essay Example | Topics and Well Written Essays - 2750 words

Radiology - Essay Example Each of these is important in recognizing radiological feature, ascribing a level of importance to the various finding in a single radiograph, and interpreting them, in conjunction with other available information.Knowledge of the clinical reason for requiring the radiographic investigation will provide background information to link with the radiological finding, and will often pose specific questions that need to be answer. It is important to decide if the question is been adequately answered, and if not plan the next stage of the investigation.Radiology is not limited for some uses; it is used in approximately all the field of treatment of diseases. Radiology is been used in Cardiology, Endocrinology, Gastroenterology, Hematology, Neurology, Renal, Skeletal, and Respiratory Medicine. In these fields different types of radiograph is been used for different fields such as for the complete scanning of brain, CT-scan is used and for the complete bodies a different type. The type of radiology, which is been used in the field of dental surgery, is either plain radiology or a different type, as plain radiology, shows limited evidence of pathology and the signs are subtle. We have to discuss about the usage of radiography in the field of dental surgeries, this can solve the problems regarding the present use of radiography in the dental field. We have to consider the standard guidelines and methods given by the Government organizations for overcoming the problems with radiography used for dental surgeries. About the Dental profession: As we, all know that the dental profession is committed to delivering the highest quality of care to each of its individual patient and... In most of the countries, the health and safety at work statistic’s states that every person working in a hospital or general practice (referred to as HCW’s) has a legal duty to ensure that all necessary steps are taken to prevent cross-infection to protect themselves, their colleagues and the patients. In addition, the management of health and safety regulations 1992 requires that a risk assessment is carried out for all procedures to reduce the possibility of harm to staff and patients. Effective infection control measures are therefore required in dental radiography even though most investigations are regarded as non-invasive or non-exposure prone procedures because they do not involve breaches of the mucosa or skin. The main risk of cross-infection is from one patient to another from salivary contamination of work areas and equipment. HCW’s themselves are not a great risk during radiography but there are no grounds for complacency. This paper makes a conclusion that a dentist must know the patient’s health history and Vulnerability to oral disease, is in the best position to make this judgment in the interest of each patient. For this reason, the guidelines are intended to serve as a resource for the practitioner and are not intended to be a standard of care, requirement, or regulations. A Dentist must always understand the problem of the patient and as per the guidelines; a dentist must perform his operation so that the patient does not complain of any kind of problem in future.

Industrial Separation of a Mixture: Fractional Distillation

Industrial Separation of a Mixture: Fractional Distillation What sphere is the mixture found in? Crude oil also known as petroleum is an unrefined oil extracted manly to produce petrol, paraffin and diesel oil. The oil is comprised of hydrocarbons, a number of organic compounds and small pieces of metal. The formation of this liquid dates back to millions of years ago from ancient marine life. This substance is located in the lithosphere inside rocks well stuck into the ground. To combat this, mining companies use the normal extraction of drilling to crack open the rocks and withdrawal the oil. Petroleum has had a significant contribution towards the world as it powers all transport vehicles, chemicals, plastics, heat and electricity. Identify physical property used during separation One of the physical properties used when petroleum is being fractionally distilled remains heating to its boiling point. This method is used in order to extract oil from the rest of mixture and make into a pure substance. This is very important due to that fact that the substance must be pure in order to sell or work as petrol or diesel. If these requirements are not met the oil will not work properly and quality will suffer. Description of Process Since petroleum is a mixture there is a numerous ways to separate it such as physical or mechanically but the most common method used throughout the world is the process of fractional distillation. This method is mainly used in most companies because different substances in the mixture have different boiling points and allows it to condense, re-evaporate then condense that permits the separation of the oil from the mixture to become easier. Here is how the oil is separated using fractional distillation: The petroleum mixture is containing different boiling points is heated to a high temperature as it has more than two substances present in it.   Then heat is normally about 400-600 degrees Celsius. This makes the mixture boil and become a vapour Following this, the vapour travels down towards the bottom of the fractional distillation column that is filled with a number of trays or plates. Next, the vapour rises where the column contains various different height sections where its boiling point is similar to the sections that are heated up from hottest (350 degrees) to lowest (30 degrees) starting from the bottom in order to produce different products. Products include jet fuel, gasoline, diesel oil, residue, refinery gas and bottled gas. After that, the trays collect the numerous liquid fractions from each section. Finally, the trays pass through condensers which cool them down and then procced into storage tanks or a used in extended chemical processing. Products of the Separation and their uses The fractional distillation of petroleum has produced several products that have a significant impact towards the modern world.   These products include gasoline, diesel, jet fuel, heavy fuel oil, residue containing bitumen and many more. Gasoline is one of the most important   substances used in in   cars   as it contains flammable liquid hydrocarbons that react with   internal combustion engines to cause a spark that causes a mini explosion. Moreover, the fuel burns immediately and powers the vehicles crankshaft. Residue containing   Bitumen is also important substance as it plays a significant role in the construction of roads. The product is mainly used in roads as the glue or binder mixed with combined particles to create asphalt concrete. Furthermore, the oils main other uses include waterproofing products, including sealing flat roofs and the production of roof felts. The following table expands this more. Products of crude oil % of Crude oil   present Uses Refinery Gas   (350 degrees) 40-50 Roads construction Roofing Waste Management Issues: There are two issues present in cleaning up petroleum. Toxicity The toxicity of the substance is very dangerous to almost all living things. The cleaning up of crude oil tends to be great issue cause of the toxicity and so the cleaners must be very careful to not be exposed or contaminate other living things. They also have to be fast with the clean up because it can dig and leech onto underground water system that links to human residential areas and pose a serious threat onto local communities. Thickness The cleaning up of crude oil also tends to be a great issue because its thick and heavy and so it takes the cleaners many days to clean it insuring that its hasnt contaminated anything else. This is because of the temperature the oil was heated during the process in order to work properly. Therefore, to a high extent the issue of toxicity and the oils thickness is a major issue during its clean up. The Impact of the separation process on Chemistry The fractional distillation of crude oil has progressively changed over the past century. This is mainly due to the advancement of technology and knowledge through the oil refining industry. Most of the oil companies used vacuum distillation to refine crude oil whereby the pressure above the liquid mixture is distilled and reduced to less than its vapour pressure causing evaporation of the oil with the lowest boiling points. However, as the mixture contained different substances that all have different boiling points this made the oil much harder to refine. Moreover, this method was then replaced by fractional distillation as it made it much easier to refine due it being able to separate a mixture with different boiling points better. Fractional distillation has had a high impact towards other fields in chemistry where its used in petrochemical, chemical plants, natural gas processing and cryogenic air separation plants. This process has allowed scientists to produce products in mode rn society and help understand more about the natural world. Evaluate one of your sources One of my sources was published by the BBC but does not present an author in the article (http://www.bbc.co.uk/schools/gcsebitesize/science/aqapre2011/rocks/fuelsrev3.shtml). This company is British commercial company known its for news, documentaries and education articles. The company was formed back in 1922 by British and American electrician companies and is known to be one of the most famous companies in the world. Articles presented on their website nearly always right and used by some schools for education purposes. To make this article more academic BBC should have identified the author to inform the validity of the source. Bibliography Reference Bbc.co.uk. (2011). BBC GCSE Bitesize: Fractional distillation. [online] Available at: http://www.bbc.co.uk/schools/gcsebitesize/science/aqa_pre_2011/rocks/fuelsrev3.shtml [Accessed 27 Mar. 2017]. Freudenrich, C. (2001). How Oil Refining Works. [online] HowStuffWorks. Available at: http://science.howstuffworks.com/environmental/energy/oil-refining4.htm [Accessed 26 Mar. 2017]. OilPrice.com. (2009). What is Crude Oil? A Detailed Explanation on this Essential Fossil Fuel | OilPrice.com. [online] Available at: http://oilprice.com/Energy/Crude-Oil/What-Is-Crude-Oil-A-Detailed-Explanation-On-This-Essential-Fossil-Fuel.html [Accessed 26 Mar. 2017]. Pollutionissues.com.(Petroleum water, effects, environmental, disasters, pollutants, United States, history, causes, impact, EPA, soil, chemicals, industrial, liquid, wells, toxic, world, human, power. [online] Available at: http://www.pollutionissues.com/Na-Ph/Petroleum.html [Accessed 27 Mar. 2017].

Futility :: essays research papers

While mining over abundant quotes, sonnets in a seemingly different language, and soliloquies with enough meter and meaning to write a doctorate, the main thing I’m left wondering is: What exactly was Shakespeare’s intent in writing Hamlet? He too, like the readers of today, was a mortal being. He too felt feelings of revenge and purposelessness, and questioned being and capability. As any other human has strived to comprehend at some point in their humble lives, I believe that this is one of Shakespeare’s attempts to justify the life given to man, or more fittingly, to comprehend man’s purpose in life. Hamlet is a pessimistic view of life that deems any man’s attempt at change, futile.   Ã‚  Ã‚  Ã‚  Ã‚  Several times within the play, Hamlet talks of man’s unused â€Å"capability and god-like reason† (259). He is distressed by â€Å"what a piece of work is a man! how noble in reason! how infinite in faculties!† (217). Man has a seemingly infinite range of action and it distresses the hero of this play that he, as well as mankind, does not utilize it. I imparts a guilt within him and he asks, â€Å"why yet I live to say ‘This thing’s to do,’/ Sith I have cause, and will, and strength, and means to do’t.† (260). I believe this worry rings true more now than ever. Today’s society is driven by time-management and efficiency. If you can do something, well we are taught we must do it. High school students are reared to be exceptional scholars, recruited athletes, multi-talented, upstanding citizens, and somehow volunteer, too. Free time is a waste of time is the message I’ve been getting, and Hamlet is battling this issue as well.   Ã‚  Ã‚  Ã‚  Ã‚  Besides being torn over the discrepancy between his capability and actions of avenging his father’s death, Hamlet is also concerned that thinking over the matter too much yield no action and therefore makes him â€Å"a coward† (225). He states that by turning something over and over in one’s mind and not coming to an immediate action â€Å"conscience does make cowards of us all† (228) and that â€Å"a thought which, quarter’d, hath but one part wisdom and ever three parts coward† (260). Does he mean to have action without thought? Is acting, or the act of being, the essence of man? By Hamlet’s saying â€Å"the readiness is all† (289) I feel that he is saying that by having fulfilled one’s potential to act, it can be done without thinking.

Cost Information and Decision Making

Q 1: 10 marks For what decisions would estimated cost information be useful if you were a hospital administrator? The Director of a Cinema hall? The Marketing vice president of a bank? Cost information is the information about the different costs that are incurred in the operation of the organization or a business process.Here the cost includes all cost like material cost, labor costs, and all other overhead costs that are incurred depending on the type of business they operates. The main objectives of cost information are: 1)To ascertain the cost per unit for different products. 2)To have correct analysis about the cost incurred. 3)To disclose source of wastage whether material, time or expenses. 4)To provide requisite data and serve as a guide to price fixing. 5)To reveal the source of economy. 6)To help in preparation of budget. 7)To organize internal audit system to ensure effective working.HOSPITAL ADMINISTRATOR: In hospital, different costs are involved such as on purchase of different kinds of medicines, equipments, antibiotics, etc and for employing different people where they are needed to pay salaries and wages etc. they should also incur transportation cost and other overhead costs for the operation of day to day operations. They should ascertain the cost incurred on the medicines, salaries and wages to the staff and employees, and to know total units consumed during certain period of time, how many people are employed and their effectiveness in their work.So by having cost information, it helps the hospital administrator in making decisions like: a)How much quantity of what medicine should be ordered within the specific time period? b)How many people to be employed and at what wages or salaries? c)What are needed and what not? d)Helps in ascertaining different amount of budget for different activities, materials†¦. Etc. e)It also helps in on what field the training and developments are needed. DIRECTOR OF CINEMA HALL:Being a director of a cine ma hall it is very important to have cost information about the total cost and per unit cost incurred while building the hall or the hiring cost, monthly or per unit electric charges, per unit cost of furniture, screen cost, projector and any other cost involved while installing the infrastructure in the hall. So the estimated cost is useful for the Director of cinema hall to: 1. To fixed the rent for the movie screener. 2. Helps in determining the most profitable pricing. 3. Helps to control the cost involved, since the cost information helps in figuring out the unnecessary cost incurred. . To decide the further investment is worthwhile or not. 5. If he screens movie, then it helps in deciding and ascertaining per ticket cost. MARKETING VICE PRESIDENT OF BANK: Here the marketing vice president of the banks deals with the process of giving loan and receiving the deposits from the public, while doing so they have to employ people, they needs stationeries like pen, paper, books, regis ter, desktop, ATM services, fund transfer etc. where it involves costs. So the cost information is very important for: 1. Fixing the interest rates for savings and loans. 2. Helps in budgeting for further development. 3.Helps in deciding whether a particular market should be tapped or not. 4. Whether to invest in new technology or not. 5. Whether to expand the business or not. Q2: 10 marks â€Å"Costs may be classified in a variety of ways according to their nature and the information needs of management. † Explain this statement giving examples of classification required for different purposes. Cost is the amount of resources, expressed in monetary terms, given up in exchange for some goods and resources.Cost classification is the process of grouping cost according to their common attributes. Careful classification of cost is of vital importance in order to identify the cost with cost center and cost units. With respect to their purpose the same cost is classified in differ ent ways as follows: 1. By Nature or Elements, or analytical classification: According to this classification the cost are divided into three categories such as materials, labor, and expenses. A)Materials cost: are those cost involved for the materials that are used for the production of the particular products.It can be further classified into direct material cost and indirect material cost. Direct material costs are those cost involved for those materials which can be identified in the product and can conveniently measure and directly charge to the product. Example: timber used in manufacturing furniture. Indirect material cost are those cost involved on those materials that do not physically becomes the part of finished product and are generally inexpensive items which may or may not become a part of the finished product. Example: threads used in stitching ghos.B)Labor costs: are those cost involved for the human efforts by which raw materials are converted into finished products . It can be further classified into direct labor cost and indirect labor costs. Direct labor costs are those cost that are paid to those workers who are directly engaged in converting raw materials into finished products. Example: wages paid to the machine operators. Indirect labor costs are those cost that are paid to those people that are not directly engaged in the production operations but only assist in the production process. Example: wages for store keepers.C)Expenses: are those cost other than the material costs and labor costs. It can be also classified further as direct expenses and indirect expenses. Direct expenses are those costs other than direct material cost and direct labor cost. Example: cost of patent right. Indirect expenses are those expenses other than indirect material cost and indirect labor cost. Example: rents and rates. 2. Functional classification: Here the costs are classified according to the different aspects of basic managerial activities involved in the operation of business under taking.A)Production or manufacturing cost: this is the total cost involved in manufacture, construction and fabrication of units of production. Example: wages, raw material cost etc. B)Administrative cost: this is the cost involved in administering the process of production. Example: salaries, office rent and lighting cost etc. C)Selling and distribution cost: this is the cost involved in the process of taking finished products for sale to the final consumers. Example: carriage outward, salesman’s salary etc. So any cost involved in administration and selling and distribution are also termed as commercial cost. 3.By degree of traceability to the product: In this case the costs are classified with their degree of traceability, such as direct and indirect cost. A)Direct cost: are those costs which are incurred for and may be conveniently identified with a particular cost center or cost unit. Example: materials used and labor employed in manufactu ring furniture. B)Indirect cost: are those cost which are incurred for the benefit of a number of cost centers or cost units and cannot be conveniently identified with particular cost center or cost unit. Example: rent for the building, machinery depreciation etc. 4. By changes in activity or volume:Here the costs are classified according to their behavior in relation to changes in the level of activity or volume of production. A)Fixed cost: are those cost which commonly remains fixed in total amount with increase or decrease in the volume of output or productive activity for a given period of time. With increase in production the per unit fixed cost decreases and vice versa. Fixed cost can be further classified as follows: i)Committed cost: are those cost that are the result of inevitable consequences of commitments previously made or are incurred to maintain certain facilities and cannot be quickly eliminated.Example: rent, insurance etc. ii)Policy cost: are those cost incurred fo r implementing some management policies as executive development, housing etc. and are often discretionary. iii)Managed cost: are those cost that are incurred to insure the operating existence of the company. Example: staff service etc. iv)Discretionary cost: are those cost which are not related to the operation but can be controlled by the management. These costs usually arises due to some policy decision and new researches etc. and can be eliminated or reduced to desirable level at the discretion of the manufacturer. )Step cost: are those cost which are constant for given level of output and then increases by a fixed amount at a higher level of output. B)Variable cost: are those cost which vary in total in direct proportion to the volume of output. These costs per unit remain relatively constant with changes in production. Example: direct labor cost, material cost etc. such cost are also known as product cost because they depends on the quantum of product rather than on time. C)Se mi-variable cost: are those cost which are partly fixed and partly variable. Example: telephone expenses, depreciation etc. 5.By controllability: cost are classified according to whether or not they are influenced by the action of given member of the under taking. A)Controllable costs: are those cost which can be influenced by the action of specified member of an undertaking. It is the costs which are within the control of the management. Examples: materials cost, labor cost etc. B)Uncontrollable cost: are those cost which cannot be influenced by the action of a specific member of an undertaking. It is the costs which are not within the control of the management. Example: rent of the building, managerial salaries etc. . By normality: Here the costs are classified according to whether these costs are normally incurred at a given level of output in the conditions in which that level of activity is normally attained. A)Normal cost: it is the cost which is normally incurred at a given l evel of output in the conditions in which that level of output is normally attained. It is the par of cost of production. B) Abnormal cost: it is the cost which is not normally incurred at a given level of output in the conditions in which that level of output is normally attained.It is not the part of cost of production and is charged to costing profit and loss account. 7. By relation with accounting period: It is the cost which is incurred in purchasing or maintaining an asset either to earn income or increasing the earning capacity. A)Capital cost: cost incurred in purchasing an assets or increasing the earning capacity of the business is called capital cost. Example: the cost of rolling machine in case of steel plant. B)Revenue cost: it is the cost involved in order to maintain the earning capacity of the concern such as cost of maintaining an assets or running a business.Example: cost of materials used in production, labor charges paid etc. 8. By time: As per the period or the time the cost is incurred the cost is classified in to historical cost and predetermined cost. A)Historical cost: are those cost which are ascertained after being incurrence. It is based on recorded facts, can be verified being supported by evidences and are objective. B)Predetermined cost: are estimated costs, since they are computed in advance of production taking consideration the previous records of cost. 9. According to planning to control: planning and control are two important functions of management.Cost accounting furnishes information to the management which is helpful in the due discharge of these two functions. A)Budgeted cost: it represent an estimate of expenditure for different phases of business operations such as manufacturing, administration, sales, research and development etc. coordinated in a well conceived framework for a period of time in future which subsequently becomes the written expression of managerial targets to be achieved. Example: raw material cost b udget, labor cost budget etc. B)Standard cost: it is the cost where the budgeted costs are translated into actual operation through the instrument of standard cost.It is defined as the predetermined cost based on a technical estimate of for materials, labor and overhead for a selected period of time and for a prescribed set of working conditions. So the standard cost is determination, in advance of production of what should be the cost. 10. By association with the product: A) Product cost: are those costs which are traceable to the product and are included in inventory evaluation. It comprises direct materials, direct labor and manufacturing overheads in case of manufacturing concerns.These are used for valuation of inventory and are shown in the balance sheet till they are sold. B)Period costs: are those cost incurred on the basis of time such as rent, salaries etc. These may relate to administration and selling costs essential to keep the business running. Though these are not ass ociated with production and are necessary to generate revenue but cannot be assigned to a product. These are charged to the period in which these are incurred and treated as expenses. 11. For managerial decision: are those cost that are classified according to their usage in the managerial decision making.A)Marginal cost: it is the total of the variable cost i. e. , prime cost plus variable overheads. It is the distinction between fixed and variable costs. Here the fixed costs are ignored and only variable costs are taken into consideration for determining the cost of products and value of work-in-progress and finished goods. B)Out of pocket cost or explicit cost: are those cost which involves payment to the outsiders and thereby gives rise to the cash expenditure as opposed to such costs as depreciation, which do not involve any cash expenditure.Such costs are relevant for price fixation during recession or when make or buy decision is to be made. C)Differential cost: are those cos t that the change in cost due to change in the level of activity or pattern or method of production is known as differential cost. If the change increases the cost then it is known as incremental cost. If there is decrease in cost resulting from decrease in output, the differences is known as decremental cost. D)Sunk cost: are those cost which are irrecoverable cost and is caused by complete abandonment of a plant.It is the written down value of the abandoned plant less its salvage value. E)Imputed and notional cost: are those cost which are notional and does not involve any cash outlay. It is the value of a benefit where no actual cost is incurred. Examples: notional rent charged on the premises owned by the proprietor, interest on capital for which no interest is paid etc. F)Opportunity cost: it is the maximum possible alternative earning that might have been earned if the productive capacity or services had been put to some alternative use.G)Replacement cost: it is the cost at wh ich there could be purchase of an asset or material identical to that which is being replaced or revalued. It is the replacement cost at the current market price. H)Avoidable and unavoidable cost: avoidable costs are those cost which can be eliminated if a particular product or department with which they are directly related, is discontinued. Unavoidable costs are those cost which will not be eliminated with the discontinuation of product or department. I)Explicit cost: are those cost which involves immediate payment of cash.They can be easily measured. Example: salaries, wages, etc. J)Implicit cost: are those costs that do not involve immediate payment of cash and are known as economic cost. Example: depreciation etc. QUESTION 3. COST SHEET FOR 2, 00,000 cases PARTICULARSUNITSCOST PER UNITTOTAL COST direct material cost2,00,00061,200,000 Direct labor cost2,00,00091,800,000 Direct expenses2,00,0004800,000 PRIME COST2,00,000193,800,000 FACTORY OVERHEAD Factory expenses2,00,0003600,00 0 WORK COST2,00,000224,400,000 OFFICE/ADMINISTRATIVE OVERHEAD Administrative cost2,00,00061,200,000COST OF PRODUCTION/COST OF GOODS SOLD2,00,000285,600,000 SELLING AND DISTRIBUTION OVERHEAD Marketing cost2,00,0001200,000 COST OF SALE2,00,000295,800,000 PROFIT2,00,0005. 81,160,000 SALES2,00,00034. 86,960,000 ? COST SHEET SHOWING COST INVOLVED FOR 5,000cases PARTICULARSUNITSCOST PER UNITTOTAL COST direct material cost5,000630,000 Direct labor cost5,000945,000 Direct expenses5,000420,000 PRIME COST5,0001995,000 FACTORY OVERHEAD Factory expenses5,000315,000 WORK COST5,000221,10,000 OFFICE/ADMINISTRATIVE OVERHEAD Administrative cost5,000630,000 COST OF PRODUCTION/COST OF GOODS SOLD5,000281,40,000SELLING AND DISTRIBUTION OVERHEAD Marketing cost5,00015,000 COST OF SALE5,000291,45,000 PROFIT5,0005. 829,000 SALES5,00034. 81,74,000 Here the cost involved in production of 1unit of screwdriver amounts to Nu. 29 and when we add the profit of cost plus 20percent, per unit cost sums up to Nu. 34. 8. But here the army representative ignored the price fixed by the company saying that the company bypassed the using selling channel and the army representative wants to pay only Nu. 22. 80 Per unit. So in this case I recommend that the price should be Nu. 33. (28*120%) per unit, since the company bypassed the contract of usual selling channel but they had incurred both administrative and factory overheads for the production of the screwdrivers and on the other hand both the administrative overhead and factory overhead are fixed cost that it doesn’t change with the volume of products produced. On the other hand the company had charged only the fixed factory and administrative overhead cost and they excluded all variable factory and administrative overhead cost, so the price per unit should be Nu. 33. 6 per unit. Cost Information and Decision Making Q 1: 10 marks For what decisions would estimated cost information be useful if you were a hospital administrator? The Director of a Cinema hall? The Marketing vice president of a bank? Cost information is the information about the different costs that are incurred in the operation of the organization or a business process.Here the cost includes all cost like material cost, labor costs, and all other overhead costs that are incurred depending on the type of business they operates. The main objectives of cost information are: 1)To ascertain the cost per unit for different products. 2)To have correct analysis about the cost incurred. 3)To disclose source of wastage whether material, time or expenses. 4)To provide requisite data and serve as a guide to price fixing. 5)To reveal the source of economy. 6)To help in preparation of budget. 7)To organize internal audit system to ensure effective working.HOSPITAL ADMINISTRATOR: In hospital, different costs are involved such as on purchase of different kinds of medicines, equipments, antibiotics, etc and for employing different people where they are needed to pay salaries and wages etc. they should also incur transportation cost and other overhead costs for the operation of day to day operations. They should ascertain the cost incurred on the medicines, salaries and wages to the staff and employees, and to know total units consumed during certain period of time, how many people are employed and their effectiveness in their work.So by having cost information, it helps the hospital administrator in making decisions like: a)How much quantity of what medicine should be ordered within the specific time period? b)How many people to be employed and at what wages or salaries? c)What are needed and what not? d)Helps in ascertaining different amount of budget for different activities, materials†¦. Etc. e)It also helps in on what field the training and developments are needed. DIRECTOR OF CINEMA HALL:Being a director of a cine ma hall it is very important to have cost information about the total cost and per unit cost incurred while building the hall or the hiring cost, monthly or per unit electric charges, per unit cost of furniture, screen cost, projector and any other cost involved while installing the infrastructure in the hall. So the estimated cost is useful for the Director of cinema hall to: 1. To fixed the rent for the movie screener. 2. Helps in determining the most profitable pricing. 3. Helps to control the cost involved, since the cost information helps in figuring out the unnecessary cost incurred. . To decide the further investment is worthwhile or not. 5. If he screens movie, then it helps in deciding and ascertaining per ticket cost. MARKETING VICE PRESIDENT OF BANK: Here the marketing vice president of the banks deals with the process of giving loan and receiving the deposits from the public, while doing so they have to employ people, they needs stationeries like pen, paper, books, regis ter, desktop, ATM services, fund transfer etc. where it involves costs. So the cost information is very important for: 1. Fixing the interest rates for savings and loans. 2. Helps in budgeting for further development. 3.Helps in deciding whether a particular market should be tapped or not. 4. Whether to invest in new technology or not. 5. Whether to expand the business or not. Q2: 10 marks â€Å"Costs may be classified in a variety of ways according to their nature and the information needs of management. † Explain this statement giving examples of classification required for different purposes. Cost is the amount of resources, expressed in monetary terms, given up in exchange for some goods and resources.Cost classification is the process of grouping cost according to their common attributes. Careful classification of cost is of vital importance in order to identify the cost with cost center and cost units. With respect to their purpose the same cost is classified in differ ent ways as follows: 1. By Nature or Elements, or analytical classification: According to this classification the cost are divided into three categories such as materials, labor, and expenses. A)Materials cost: are those cost involved for the materials that are used for the production of the particular products.It can be further classified into direct material cost and indirect material cost. Direct material costs are those cost involved for those materials which can be identified in the product and can conveniently measure and directly charge to the product. Example: timber used in manufacturing furniture. Indirect material cost are those cost involved on those materials that do not physically becomes the part of finished product and are generally inexpensive items which may or may not become a part of the finished product. Example: threads used in stitching ghos.B)Labor costs: are those cost involved for the human efforts by which raw materials are converted into finished products . It can be further classified into direct labor cost and indirect labor costs. Direct labor costs are those cost that are paid to those workers who are directly engaged in converting raw materials into finished products. Example: wages paid to the machine operators. Indirect labor costs are those cost that are paid to those people that are not directly engaged in the production operations but only assist in the production process. Example: wages for store keepers.C)Expenses: are those cost other than the material costs and labor costs. It can be also classified further as direct expenses and indirect expenses. Direct expenses are those costs other than direct material cost and direct labor cost. Example: cost of patent right. Indirect expenses are those expenses other than indirect material cost and indirect labor cost. Example: rents and rates. 2. Functional classification: Here the costs are classified according to the different aspects of basic managerial activities involved in the operation of business under taking.A)Production or manufacturing cost: this is the total cost involved in manufacture, construction and fabrication of units of production. Example: wages, raw material cost etc. B)Administrative cost: this is the cost involved in administering the process of production. Example: salaries, office rent and lighting cost etc. C)Selling and distribution cost: this is the cost involved in the process of taking finished products for sale to the final consumers. Example: carriage outward, salesman’s salary etc. So any cost involved in administration and selling and distribution are also termed as commercial cost. 3.By degree of traceability to the product: In this case the costs are classified with their degree of traceability, such as direct and indirect cost. A)Direct cost: are those costs which are incurred for and may be conveniently identified with a particular cost center or cost unit. Example: materials used and labor employed in manufactu ring furniture. B)Indirect cost: are those cost which are incurred for the benefit of a number of cost centers or cost units and cannot be conveniently identified with particular cost center or cost unit. Example: rent for the building, machinery depreciation etc. 4. By changes in activity or volume:Here the costs are classified according to their behavior in relation to changes in the level of activity or volume of production. A)Fixed cost: are those cost which commonly remains fixed in total amount with increase or decrease in the volume of output or productive activity for a given period of time. With increase in production the per unit fixed cost decreases and vice versa. Fixed cost can be further classified as follows: i)Committed cost: are those cost that are the result of inevitable consequences of commitments previously made or are incurred to maintain certain facilities and cannot be quickly eliminated.Example: rent, insurance etc. ii)Policy cost: are those cost incurred fo r implementing some management policies as executive development, housing etc. and are often discretionary. iii)Managed cost: are those cost that are incurred to insure the operating existence of the company. Example: staff service etc. iv)Discretionary cost: are those cost which are not related to the operation but can be controlled by the management. These costs usually arises due to some policy decision and new researches etc. and can be eliminated or reduced to desirable level at the discretion of the manufacturer. )Step cost: are those cost which are constant for given level of output and then increases by a fixed amount at a higher level of output. B)Variable cost: are those cost which vary in total in direct proportion to the volume of output. These costs per unit remain relatively constant with changes in production. Example: direct labor cost, material cost etc. such cost are also known as product cost because they depends on the quantum of product rather than on time. C)Se mi-variable cost: are those cost which are partly fixed and partly variable. Example: telephone expenses, depreciation etc. 5.By controllability: cost are classified according to whether or not they are influenced by the action of given member of the under taking. A)Controllable costs: are those cost which can be influenced by the action of specified member of an undertaking. It is the costs which are within the control of the management. Examples: materials cost, labor cost etc. B)Uncontrollable cost: are those cost which cannot be influenced by the action of a specific member of an undertaking. It is the costs which are not within the control of the management. Example: rent of the building, managerial salaries etc. . By normality: Here the costs are classified according to whether these costs are normally incurred at a given level of output in the conditions in which that level of activity is normally attained. A)Normal cost: it is the cost which is normally incurred at a given l evel of output in the conditions in which that level of output is normally attained. It is the par of cost of production. B) Abnormal cost: it is the cost which is not normally incurred at a given level of output in the conditions in which that level of output is normally attained.It is not the part of cost of production and is charged to costing profit and loss account. 7. By relation with accounting period: It is the cost which is incurred in purchasing or maintaining an asset either to earn income or increasing the earning capacity. A)Capital cost: cost incurred in purchasing an assets or increasing the earning capacity of the business is called capital cost. Example: the cost of rolling machine in case of steel plant. B)Revenue cost: it is the cost involved in order to maintain the earning capacity of the concern such as cost of maintaining an assets or running a business.Example: cost of materials used in production, labor charges paid etc. 8. By time: As per the period or the time the cost is incurred the cost is classified in to historical cost and predetermined cost. A)Historical cost: are those cost which are ascertained after being incurrence. It is based on recorded facts, can be verified being supported by evidences and are objective. B)Predetermined cost: are estimated costs, since they are computed in advance of production taking consideration the previous records of cost. 9. According to planning to control: planning and control are two important functions of management.Cost accounting furnishes information to the management which is helpful in the due discharge of these two functions. A)Budgeted cost: it represent an estimate of expenditure for different phases of business operations such as manufacturing, administration, sales, research and development etc. coordinated in a well conceived framework for a period of time in future which subsequently becomes the written expression of managerial targets to be achieved. Example: raw material cost b udget, labor cost budget etc. B)Standard cost: it is the cost where the budgeted costs are translated into actual operation through the instrument of standard cost.It is defined as the predetermined cost based on a technical estimate of for materials, labor and overhead for a selected period of time and for a prescribed set of working conditions. So the standard cost is determination, in advance of production of what should be the cost. 10. By association with the product: A) Product cost: are those costs which are traceable to the product and are included in inventory evaluation. It comprises direct materials, direct labor and manufacturing overheads in case of manufacturing concerns.These are used for valuation of inventory and are shown in the balance sheet till they are sold. B)Period costs: are those cost incurred on the basis of time such as rent, salaries etc. These may relate to administration and selling costs essential to keep the business running. Though these are not ass ociated with production and are necessary to generate revenue but cannot be assigned to a product. These are charged to the period in which these are incurred and treated as expenses. 11. For managerial decision: are those cost that are classified according to their usage in the managerial decision making.A)Marginal cost: it is the total of the variable cost i. e. , prime cost plus variable overheads. It is the distinction between fixed and variable costs. Here the fixed costs are ignored and only variable costs are taken into consideration for determining the cost of products and value of work-in-progress and finished goods. B)Out of pocket cost or explicit cost: are those cost which involves payment to the outsiders and thereby gives rise to the cash expenditure as opposed to such costs as depreciation, which do not involve any cash expenditure.Such costs are relevant for price fixation during recession or when make or buy decision is to be made. C)Differential cost: are those cos t that the change in cost due to change in the level of activity or pattern or method of production is known as differential cost. If the change increases the cost then it is known as incremental cost. If there is decrease in cost resulting from decrease in output, the differences is known as decremental cost. D)Sunk cost: are those cost which are irrecoverable cost and is caused by complete abandonment of a plant.It is the written down value of the abandoned plant less its salvage value. E)Imputed and notional cost: are those cost which are notional and does not involve any cash outlay. It is the value of a benefit where no actual cost is incurred. Examples: notional rent charged on the premises owned by the proprietor, interest on capital for which no interest is paid etc. F)Opportunity cost: it is the maximum possible alternative earning that might have been earned if the productive capacity or services had been put to some alternative use.G)Replacement cost: it is the cost at wh ich there could be purchase of an asset or material identical to that which is being replaced or revalued. It is the replacement cost at the current market price. H)Avoidable and unavoidable cost: avoidable costs are those cost which can be eliminated if a particular product or department with which they are directly related, is discontinued. Unavoidable costs are those cost which will not be eliminated with the discontinuation of product or department. I)Explicit cost: are those cost which involves immediate payment of cash.They can be easily measured. Example: salaries, wages, etc. J)Implicit cost: are those costs that do not involve immediate payment of cash and are known as economic cost. Example: depreciation etc. QUESTION 3. COST SHEET FOR 2, 00,000 cases PARTICULARSUNITSCOST PER UNITTOTAL COST direct material cost2,00,00061,200,000 Direct labor cost2,00,00091,800,000 Direct expenses2,00,0004800,000 PRIME COST2,00,000193,800,000 FACTORY OVERHEAD Factory expenses2,00,0003600,00 0 WORK COST2,00,000224,400,000 OFFICE/ADMINISTRATIVE OVERHEAD Administrative cost2,00,00061,200,000COST OF PRODUCTION/COST OF GOODS SOLD2,00,000285,600,000 SELLING AND DISTRIBUTION OVERHEAD Marketing cost2,00,0001200,000 COST OF SALE2,00,000295,800,000 PROFIT2,00,0005. 81,160,000 SALES2,00,00034. 86,960,000 ? COST SHEET SHOWING COST INVOLVED FOR 5,000cases PARTICULARSUNITSCOST PER UNITTOTAL COST direct material cost5,000630,000 Direct labor cost5,000945,000 Direct expenses5,000420,000 PRIME COST5,0001995,000 FACTORY OVERHEAD Factory expenses5,000315,000 WORK COST5,000221,10,000 OFFICE/ADMINISTRATIVE OVERHEAD Administrative cost5,000630,000 COST OF PRODUCTION/COST OF GOODS SOLD5,000281,40,000SELLING AND DISTRIBUTION OVERHEAD Marketing cost5,00015,000 COST OF SALE5,000291,45,000 PROFIT5,0005. 829,000 SALES5,00034. 81,74,000 Here the cost involved in production of 1unit of screwdriver amounts to Nu. 29 and when we add the profit of cost plus 20percent, per unit cost sums up to Nu. 34. 8. But here the army representative ignored the price fixed by the company saying that the company bypassed the using selling channel and the army representative wants to pay only Nu. 22. 80 Per unit. So in this case I recommend that the price should be Nu. 33. (28*120%) per unit, since the company bypassed the contract of usual selling channel but they had incurred both administrative and factory overheads for the production of the screwdrivers and on the other hand both the administrative overhead and factory overhead are fixed cost that it doesn’t change with the volume of products produced. On the other hand the company had charged only the fixed factory and administrative overhead cost and they excluded all variable factory and administrative overhead cost, so the price per unit should be Nu. 33. 6 per unit.

Educational psychology Essay

One of the world’s issues of today is on context of education. Many education conventions have been organized to discuss on matters relevant on the development of educational goals and programs. Education should be considered as one factor in the development of man as the most significant since it brings all breakthroughs in all walks of life. From the time of primitive education to the medieval period, education has been playing a great role in the lives of every citizen and the state in general. The very first task of educational contenders was and is to set educational development goals. The challenge of all educational institutions today is to produce a curriculum that will earn high productivity as in lifelong education. The institution should be more focused on creating opportunities where learners can exercise their abilities and potentials. There must be that sense of self-education in order for them to perform better jobs in the real world because their education is gained not only by mere transfer of learning but through applying their skills into the real life setting. Today, people are conscious of searching for breakthroughs be it scientific, cultural, or educational, in order to improve the quality of life. This is one goal in education that must be taken in to account from time to time because it is through this that improvements and developments take place. Along with these breakthroughs, rapid changes in the society’s way of life bring a lot of conflicts in the human life. By conflict, man faces several challenges that will test his true capacity and knowledge in resolving his own issues. That is, by inculcating in the learners the culture of being sensitive to the needs of the people and the nation brings a lot of pressure in our educational today. People are not trained to satisfy themselves but to see to it that the whole nation can benefit what one person is enjoying out of something. However, in the advent of various educational programs and projects, long term education program is still best to be implemented. This is in response to different curriculum reforms to attain quality delivery of instruction. The national government through the education department, has been looking for ways and means in order to help sustain these long term programs in order to provide a standard and suitable curriculum for every Filipino and attain progress in the academe. Moreover, the Department of Education has laid the three millennium development goals to help attain the Education for All by the year 2015. These goals include accessibility, quality, and sustainability. These goals will help improve the number of Filipino children to be in school and complete their education as prescribed by them of their age and as mandated by the constitution of which education is a right. These millennium development goals of the Education for All (EFA) enable schoolchildren to harness their faculties in improving their way of life and participate in the development process in educational reform and societal progress. According to the UNESCO Institute for Information Technologies in Education, Russian Federation, education will become a social institute providing people with various educational opportunities. With this end in view school and university curricula should be diversified to enable everyone to make up their own educational trajectory in compliance with their aptitudes, thus creating the basis to implement the principle Education for all. Thus, in the Philippines various projects have been undertaken in order to qualify the implementation the Education for All. These projects include MADRASAH (for Moslem schoolchildren), Education for Indigenous Peoples, inclusion of values education in the curriculum, strengthening the higher order thinking skills type of questions in every learning area, the implementation of National Achievement Test (a standardized test), the participatory school improvement planning, the integration of information and communications technology in education (ICT4E), the decentralization of management including the downloading of maintenance and other operating expenses (MOOE) to specific schools, and the conduct of various trainings and national competency examinations. These are some of the approaches in order to carry out the implementation of Education for All. Nevertheless, Article XIV of the 1987 Philippine Constitution cited that the Department of Education as the only agency in the Philippine government, responsible for education and manpower development. It further stated that the state shall protect and promote the right of every citizen to quality education at all levels and shall take appropriate steps to make education accessible to all. This is still in line with the context that education is a right and is for all. Whether a schoolchild is in the formal or non-formal education, what matters most is his assumption of his respective role in the society, the virtues he shall live with, and the use of his capabilities in attaining the long term goal in education that contributes to the total progress and development of the nation. At the end of the day we do realize that the search for an adequately structured educational system, is to secure our lives from the many challenges of the outside world at all sorts. Hence, education in the new society shall be within the context of national development and value formation in order to help build a nation other than ourselves. —oo0oo—

Weight Problems Regerian Essays

Weight Problems Regerian Essays Weight Problems Regerian Essay Weight Problems Regerian Essay 2013. Web. 15 May 2013. Bjelkengren, Catarina. The Impact of Mass Decompounding on Assessing the Value of Vehicle Lightweighting. MIT. Massachusetts Institute of Technology, June 2008. Web. 16 May 2013. Compare Summary Autos. MSN Autos. Microsoft, 2013. Web. 15 May 2013. Conlon, Christopher T. A Dynamic Model of Prices and Margins in the LCD TV Industry. Columbia University. Columbia University WAC, 02 Nov. 2012. Web. 15 May 2013. Day, Natalie. Fat Children. Indiana Review Issue: 31. 1 (2009): 115. Literary Reference Center. Web. 15 May 2013 Energy Efficient Technologies. FuelEconomy. gov. U. S. Department of Energy, n. d. Web. 15 May 2013. Environmental Impacts from Automobiles. US EPA. US Environmental Protection Agency, n. d. Web. 15 May 2013. Gas Mileage Tips Driving More Efficiently. FuelEconomy. gov. US Department of Energy, n. d. Web. 15 May 2013. Inflation Calculator. U. S. Department of Labor. U. S. Bureau of Labor Statistics, n. d. Web. 09 May 2013. Paula, Matthe w De. Design Disasters: Three Ways Cars Are Getting Worse. Forbes. Forbes Magazine, 27 Apr. 2011. Web. 15 May 2013. Protect the Environment On the Road. EPA. Effects of Upsized Wheels and Tires Tested. Car and Driver. Hearst Communications, Inc. , Apr. 2010. Web. 15 May 2013.