Presentation on Cost Coursework Example | Topics and Well Written Essays - 750 words

Presentation on Cost - Coursework Example Cost accounting information are mainly meant to permit the determination of unit costs and total product costs. Different organizations require different types of cost information. For instance, service organizations need cost information pertaining to the costs incurred for producing and providing services whereas manufacturing firms like Apple Inc, Coca Cola etc need information about costs incurred for manufacturing the products. Similarly, retail organizations need information about costs incurred for purchasing products for resale (Needles, Powers and Crosson, 2008, p. 808). These types of cost information are generally required by almost all the firms since they have multiple functions such as manufacturing, purchases and providing of services. Cost information is highly important for various managerial purposes such as ascertaining the actual costs, controlling the costs, determining the selling price, ascertaining the profitability and controlling on wastage. Similarly, cost information helps management provide a base for setting business policies, facilitate efficient information system and arrange internal auditing system. Cost information support various purposes such as planning, decision making, performing, evaluating and communicating (Needles, Powers and Crosson, 2008, p. 806). Financial management in both the manufacturing and service organizations use cost information to develop budgets, estimate income, manage total workforce and plan for the future. Cost information about product, process, function and financial transactions can help the management take managerial decision and plan for further activities and business functions. Managers in manufacturing companies use estimates of product costs in order to prepare budgets for labor, material, production and overhead costs. Another major purpose for cost information is performing by which managers find estimated cost of services with a view to mentor profitability and make decisions about vario us matters such as future business bidding, reducing negotiating expenses etc. With cost information, managers are able to predict gross margin, operating income and value of goods sold etc. This information are also useful for reducing selling prices and lowering selling prices for bulk purchases (Needles, Powers and Crosson, 2008, p. 806). Cost information supports managerial decision making, planning and performance. Planning for the future is primarily based on how costs are incurred now and how they will be in future. Planning is highly important for pricing and many other managerial decision making. Similarly, management can perform estimation, assessing, evaluation, cost control etc only if they gain sufficient information pertaining to costs of products, labor, materials, processing and so on. Cost Object A cost object is a business activity for which a separate cost measurement is desired (Drury, 2007, p. 28). More specifically, when management in an organization needs to k now the costs incurred for a specific activity, this activity is referred as cost object. The management may need to know the costs details of different activities such as purchasing, operating a machine, manufacturing a product, rendering service to

The Baroque Era Essay Example | Topics and Well Written Essays - 500 words

The Baroque Era - Essay Example In particular, the various features of the Baroque style influenced my developing of interest in this type of art. Firstly, my interest in the style is due to its use of drama through contrasting dark-light effects in painting or film. Specifically, the drama in baroque style is full of exaggerated motion and clear details in sculpture, painting, architecture, literature, dance, and music interesting thus explaining my choosing of the style. That, according to (Carl & Charles 9), refer to the application of tenebrism technique in artistic language as evident in the Artemisia Gentileschi’s Judith Slaying of Holofernes painting. In the painting, Judith has a sterling, broad and masculine face and physique in a fantastic way (Allen n.p). That can be construed to mean women are strong independent beings and as such the society should not view them as weak and fragile. Secondly, Baroque is interesting in that it uses direct, obvious, and dramatic iconography that intends to appeal above all to the senses and the emotions (Old Masters Society n.p.). That when put into use helps in producing a very high-contrast, dramatic atmosphere in dimly lit scenes in paintings as evident in various paintings, That, as (Carl, & Charles 3-6) contend, is evident in the use of different technique like "chiaroscuro," (interplay between light and darkness on paint portraits) as in the case of Paul Rubens’ painting, "The Massacre of the Innocents". Thirdly, the Baroque style is interesting in its description of dark.