Milk and Supermarkets Essay Example for Free

Milk and Supermarkets Essay Presentation as of late, the connection between grocery stores with UK ranchers that called oligopsony is a warmed theme in the general public. A few people hold the view that the upsides of oligopsony overweigh those hindrances. In any case, others accepted that it is one way that UK ranchers constrained by the general stores. It is characteristic that individuals originate from various foundations will have different perspectives to a similar issue. In the report, the preferences and detriments of oligopsony for the two general stores and UK ranchers are talked about. What's more, these days the grocery stores in the UK so as to build the benefit, they utilize various kinds of showcasing techniques. For example, extreme value rivalry, unwaveringness plots and gives non-food items and administration. The littler retailers were impact by those advertising strategies likewise revealed as follows. 1. 0 Oligopsony is â€Å"similar to an oligopoly (not many venders), this is a market wherein there are just a couple of enormous purchasers for an item or administration. This permits the purchasers to apply a lot of power over the dealers and can successfully drive down costs. †(www. investopedia. com A genuine case of an oligopsony would be the UK general store industry, in which few huge purchasers, (for example, Asda, Tesco, and Sainsbury’s) control the UK ranch showcase. Such control permits these markets chains to direct the value they pay to ranchers. 1. 1 The impact on grocery stores According to the BBC news (http://news. bbc. co. uk), Tesco account the UK general stores share is 31. 6%, Asda took over 17% in the UK grocery stores share, which is positioned second. The third greatest one is Sainsbury’s, which accounted 15. 8%. (Informative supplement 1) The complete percent of enormous three grocery stores took over half in all the UK market industry. These general stores claimed showcase power in two different ways which are offering to customers (oligopoly force) and purchasing from makers (oligopsony power). in another words, It implies that the couple of firms have significant market power in addressing ease for sources of info and makes it increasingly hard for the ranchers to make a benefit. For instance, a major general store could contract with a dairy maker that the enormous one will purchase the entirety of item. The rancher concurred with the agreement and began to flexibly the dairy to the large grocery store. By the by, possibly the store save money and less later, and the rancher simply can acknowledged lower cost on the grounds that the rancher produce a lot of dairy to gracefully to the huge market and it isn't too simple to even think about finding another purchasers. Ranchers who delivered milk, vegetables, or other agrarian items have restricted decision run, on the grounds that in the UK, the vast majority of farming products are purchased by the large stores. Oligposony gives the enormous general stores dealing power being used lower costs with ranchers. In this relationship, the huge grocery stores have the total focal points over the ranchers. They can made it conceivable that bring down the cost of farming merchandise, so these grocery stores can give a sensible cost for the clients which will enable the enormous general stores to improve the opposition with others contenders. What's more, they additionally can approach the extraordinary prerequisites for the item quality, the ranchers are controlled and compelled to acknowledge a lower cost of their item. 1. 2 The impact on the ranchers. Oligopsony this connection between grocery stores with UK ranchers is guarantees the farming products can offer to the large markets. Famers have the fixed purchasers so they are need not stress over to discover new purchasers. Nonetheless, because of most rural merchandise are purchased by large general stores, the ranchers have less decision. Famers used to make them deal power based on regularity. Since there are different contenders, they don't have the foggiest idea what cost has been offered by different makers and this constrained them to offer their produce at a low cost to guarantee a deal. Particularly the transitory nourishments. The general stores â€Å"dictate the amount they will pay, yet additionally how the produce will be bundled, put away and conveyed. †(www. corporatewatch. com) â€Å"The modest number of organizations overwhelming both dairy handling (presently six processors control 93% of the business) and retailing (six stores control 65% of fluid milk and 70-85% of dairy produce deals) implies that there is a huge awkwardness of market power in the UK dairy division.. †(â€Å"Supermarkets under fire†, February, 2003). It is anything but difficult to realize that general stores have power in dairy industry in the UK. In spite of the fact that grocery stores have carried purchasing capacity to the dairy ranchers, be that as it may, the enormous markets so as to expanded their capacity in the dairy area, they built up own image milk items. Since 1995, the cost of new milk has declined; stores have kept up their selling cost and expanded their benefits at cost of the two ranchers and shoppers over a similar period. (Supplement 2) â€Å"The National Farmers’ Union has been especially worried about the situation of the UK’s dairy ranchers. They guarantee that of the ? 1. 70 which a market client may pay for two liters of milk, under 50p will go to the ranchers. †(http://www. anformeresources. com) Charles Peers who are an Oxford shire natural rancher, he has said â€Å"There are 200,000 ranchers, managing, fundamentally, three grocery stores, two grain dealers, four manure organizations. Not a chance†¦.. They’ve got power, genuine force. † From these, we can seen that oligopsony made it is conceivable that the ranchers are compelled to acknowledged a low cost to sell their items, and the huge grocery stores, for example, Tesco, Asda or Sainsbury’s are have the force in the UK advertise. 2. 0 How the grocery store to help benefits. In the previous 40 years, the little autonomous shops moved to gigantic general store chains. â€Å"In 1960 little free retailers had a 60% portion of the food retail showcase. By 2000, their offer was diminished to 6% while the products share expanded to 88%. †(Institute of Grocery Distribution, Grocery Retailing 2002) Andrew Simms, who works for the New Economics Foundation, says that: â€Å"we are seeing the demise of little and free retailers and new retail feudalism is developing as a bunch of brands assume control over our shopping. † (http://www. corporatewatch. org.uk). Despite the fact that the grocery stores have the market power in the UK, as a business association, how to expand the benefit is the main thing ought to be thought of. As of late, the gigantic general store chains utilize different kinds of showcasing strategies to expand the benefit and the devotion. Such value rivalry, devotion plots and give non-food items and administration. General stores utilize different approaches to pass on value data to customers, The value advancements including value decrease, a rate markdown, a voucher. In 2009, there was another value war among the huge grocery stores in the UK. Tesco intended to dispatch another publicizing effort, which will â€Å"compare the expense of clients bushels of shopping against the costs of its rivals. †(http://www. belfasttelegraph. co. uk) Asda has as of now hold another influx of rebate on a huge number of items that including new food and family unit items. Also, â€Å"100 solidified food items and 200 regular wellbeing and magnificence lines, for example, cleanser and antiperspirant, would be sold for ? 1. †(http://www. belfasttelegraph. co. uk) Andy Bond, the retailer’s president and CEO, stated: â€Å"2009 will be a troublesome year. Sainsbury’s, the third greatest general store in the UK, additionally joined the value war, â€Å"Vowing to develop its Basics range to in excess of 600 items before the finish of January, The grocery store said the greater part of these items would be evaluated at not exactly ? 1. †(http://www. belfasttelegraph. co. uk) Except the value war, a portion of the grocery stores in the UK additionally offer reliability plans to pulling in potential shoppers. Tesco is a genuine model, each time when they shopping in Tesco, they will get focuses as indicated by the amount they spend. Some of the time, Tesco likewise recorded items that get one can get 500 focuses more to expand the interest of this item. Consistently, Tesco will sent voucher or coupons to the dedication card member’s home. The more you spend, the more you get. Utilizing unwaveringness plans not exclusively will pulling in potential shoppers particularly female, yet in addition it is an ease approach to know the customer’s way of life. At the point when the client enlists the dedication card, they ought to satisfy the individual subtleties. Tesco will surely understand what is mainstream among the client rely upon these subtleties. Since 1995, the significant markets in the UK start give the non-food item and administrations, for example, drug stores, garments stores in Asda, petroleum retailers, and banking and money related in Tesco. The impact on the general stores will be emotional, particularly because of the developing buyer inclination for the â€Å"one-stop† shop. Non-food items and administrations will help the enormous grocery stores expanded the piece of the overall industry in the UK, and improve the opposition itself. In addition, it is likewise work as diminish the danger of items, as the saying stated: â€Å"do not set up your assets in one place. It is implies that for a markets, non-food items and administrations will impart the hazard to food items. 2. 0 The impact on the littler retailers.

6 Disappeared LinkedIn® Partner Applications and What to Do About Them Part II Amazon Reading List

6 Disappeared LinkedIn ® Partner Applications and What to Do About Them â€" Part II Amazon Reading List Are you an avid reader? It used to be that you could share your passion easily on LinkedIn with the Amazon Reading List application. With the disappearance of LinkedIn partner applications came the elimination of this option. Amazon Reading List was a valuable way to let people know what type of professional development you were engaged in, as well as to round yourself out as a human being (read any good novels lately?) Many people are wondering how to include a reading list on LinkedIn now that the old method has vanished. I was fortunate to have one of my fellow LinkedIn authors, Patrick Gallagher, (LinkedIn Secrets Revealed) do some research on this topic. He wrote to Amazon and received the following email: Thank you for using Reading List by Amazon and for your patience as we’ve worked to make your book information available after LinkedIn deprecated their application program. Your Reading List information has been preserved and is available for import on Shelfari.com. Shelfari is an Amazon-owned site that helps you keep track of the books you’ve read and are reading, discover new books and interact with other readers. Go to https://www.shelfari.com/addbooks. You can sign in to Shelfari using your Amazon account (or your existing Shelfari account). If you’re already a member, click “Import Books” from the Your Shelf drop-down on the home page. Click the “Import Books” from the Your Shelf drop down or go directly to: https://www.shelfari.com/addbooks and you will be guided through importing your books and reviews to your Shelfari bookshelf. I followed these instructions and the process was pretty straightforward. I went to the link provided, www.shelfari.com/addbooks, and created an account. I then entered the same link again and was brought to this screen: When I clicked on IMPORT next to Import Your LinkedIn Reading List, all I had to do was provide my LinkedIn password and my reading list showed up in Shelfari! I then clicked on the Account Settings tab and customized my Shelfari link: Now that I have a link, I can add it to my LinkedIn Profile using the new platform. Here’s how to add a link in the new LinkedIn: In the Summary section, click on the blue box with a + sign in the corner. You will be brought to a box where you can paste a link: After you paste the link, you can provide a title and description: Unfortunately, there’s a small glitch. When I clicked on the link, the following screen appeared: I had to click on Read Original to get to the actual Shelfari list, which looks like this: In Shelfari, you can add books you have read or that you are reading, rate them and review them. I won’t give a tutorial on the website since I think you can figure it out by poking around! If this all seems too complicated, you can do as Patrick Gallagher did and add the Projects section to your profile. You can then create a “project” called “Amazon Kindle Book Reading List” or something similar, and list your books there. Here’s Patrick’s list: Another option would be to create a document with your list of books and upload it to Box.net. You can then add a link to the Box.net file on your LinkedIn profile. I will cover more about Box.net in my next entry of this series. Stay tuned, and happy reading! Want to read How to Write a KILLER LinkedIn Profile on Kindle? Curious about Patricks book? Check it out here:

6 Disappeared LinkedIn® Partner Applications and What to Do About Them Part II Amazon Reading List

6 Disappeared LinkedIn ® Partner Applications and What to Do About Them â€" Part II Amazon Reading List Are you an avid reader? It used to be that you could share your passion easily on LinkedIn with the Amazon Reading List application. With the disappearance of LinkedIn partner applications came the elimination of this option. Amazon Reading List was a valuable way to let people know what type of professional development you were engaged in, as well as to round yourself out as a human being (read any good novels lately?) Many people are wondering how to include a reading list on LinkedIn now that the old method has vanished. I was fortunate to have one of my fellow LinkedIn authors, Patrick Gallagher, (LinkedIn Secrets Revealed) do some research on this topic. He wrote to Amazon and received the following email: Thank you for using Reading List by Amazon and for your patience as we’ve worked to make your book information available after LinkedIn deprecated their application program. Your Reading List information has been preserved and is available for import on Shelfari.com. Shelfari is an Amazon-owned site that helps you keep track of the books you’ve read and are reading, discover new books and interact with other readers. Go to https://www.shelfari.com/addbooks. You can sign in to Shelfari using your Amazon account (or your existing Shelfari account). If you’re already a member, click “Import Books” from the Your Shelf drop-down on the home page. Click the “Import Books” from the Your Shelf drop down or go directly to: https://www.shelfari.com/addbooks and you will be guided through importing your books and reviews to your Shelfari bookshelf. I followed these instructions and the process was pretty straightforward. I went to the link provided, www.shelfari.com/addbooks, and created an account. I then entered the same link again and was brought to this screen: When I clicked on IMPORT next to Import Your LinkedIn Reading List, all I had to do was provide my LinkedIn password and my reading list showed up in Shelfari! I then clicked on the Account Settings tab and customized my Shelfari link: Now that I have a link, I can add it to my LinkedIn Profile using the new platform. Here’s how to add a link in the new LinkedIn: In the Summary section, click on the blue box with a + sign in the corner. You will be brought to a box where you can paste a link: After you paste the link, you can provide a title and description: Unfortunately, there’s a small glitch. When I clicked on the link, the following screen appeared: I had to click on Read Original to get to the actual Shelfari list, which looks like this: In Shelfari, you can add books you have read or that you are reading, rate them and review them. I won’t give a tutorial on the website since I think you can figure it out by poking around! If this all seems too complicated, you can do as Patrick Gallagher did and add the Projects section to your profile. You can then create a “project” called “Amazon Kindle Book Reading List” or something similar, and list your books there. Here’s Patrick’s list: Another option would be to create a document with your list of books and upload it to Box.net. You can then add a link to the Box.net file on your LinkedIn profile. I will cover more about Box.net in my next entry of this series. Stay tuned, and happy reading! Want to read How to Write a KILLER LinkedIn Profile on Kindle? Curious about Patricks book? Check it out here:

Theu.s. Election, And The U.s. - 839 Words

Immigration is one of several top priority issues in the 2016 U.S. elections, and the U.S. badly needs a new immigration plan. â€Å"President Obama announced on Nov. 20, 2014 a series of executive actions that grants up to five million unauthorized immigrants protection from deportation.† ( Parlapiano, Alicia) Under this order, currently unauthorized immigrants would benefit greatly, despite Congress s disturbing lack of support in this area. However, this new, executive-ordered program is on hold, its legality is being contested in the courts. President Obama is in favor of the Dream act. Note, too, under President Obama s two terms of office, more people than under any previous administration have been deported. The Supreme Court†¦show more content†¦Bernie Sanders and Hillary Clinton both favor a path to citizenship and deportation protection for illegal immigrants. Hillary Clinton wants immigration reform, and she would keep DACA and DAPA. She also favors the DREAMERS and the Dream Act, which seeks to put an end to the terrible separation within families that indiscriminate deportation creates. She understands the harm that is done by this kind of separation, which is so destructive to family life. Bernie Sanders is also in favor of immigration reform, though there is one policy he is concerned about, which is the guest worker programs, H2A and H1B. He is concerned these programs will bring in so many unskilled workers that it could cause a loss of jobs for some U.S. citizens. He s particularly concerned that these programs would cut into jobs that might otherwise be taken by young people, that there will be even less jobs for them, then there are now. On the Republican side, there is Donald Trump, probably the most hated candidates by immigrants because of his prejudice sounding comments, directed at Mexico and Mexicans, and other countries and citizens, too. Donald Trump wants everyone to be legal, that anyone entering the coun try does so in a legal manner. Donald Trump wants to build a wall, but not just any wall. He wants to build a big wall, beautiful wall with a nice door, to stop the flow of immigrants, from Mexico and beyond, coming into the United States. Ted Cruz is in

The Classroom s Ratings Are Weak Overall - 1366 Words

This rating was done on a second grade classroom in Euclid. The classroom’s ratings are weak overall. Its strongest points were space and furnishing, personal care routines, and language and literacy. Its weaknesses were learning activities, interaction, and program structure. This classroom is not very developmentally appropriate. The classroom scored 4.29 on space and furnishing. What weakened the score was the lack of indoor space, room arrangement, and child related displays. Because the room is small and the pathways are narrow the children and staff cannot move freely and it causes conflict among the children. One tall child was sitting in his desk with his legs straight out and accidentally tripped a child walking down the narrow†¦show more content†¦The classroom received high marks for both furnishing and space for privacy. There are enough desks and child-sized furniture for all the children in the room, space for the children to calm down in private, and a space for everyone to store their personal belongings. They also had a large, safe space for 30 minutes of gross motor play during recess. In classrooms, children need private space, small group spaces and a large group space (Kostelnik 132). This classroom has all three. The room has all of the components of a developmentally appropriate classroom, except for space. The classroom scored highest on personal care routines. They scored 7 on both health and safety practices. The staff makes sure that they children are always safe and there are no major, and few minor dangers to them. The children also wash their hands at least four times a day and use purell after blowing their noses. What lowered their score were meals and snacks 5.1. The schedule is really rigid and children who finish early aren’t allowed to move to another activity until the scheduled time. I asked the teacher if children who arrive late can still receive breakfast and she told me that school policy dictates that breakfast ends at 8:45 so if they come in after that the cafeteria is no longer serving breakfast. The strict scheduling also lowered the classes overall score for toileting and diapering. Feature 5.1 relies on

Untold Stories on Dissertation Editor You Really Need to Read

Untold Stories on Dissertation Editor You Really Need to Read Dissertation Editor - Dead or Alive? The inner logic of the dissertation has to be clear and properly laid out so the reader is ready to understand it. So should you need to employ college essay writer online, we're just the people that you want to contact. For you, an expert writer will locate the appropriate spot between overly ambitious and dull suggestions to utilize for writing. While it's the case that there are a few excellent writers in college some find it extremely tricky to write. Want to Know More About Dissertation Editor? Your research is essential. A researcher should devote some time discussing details with an editor before commencing the undertaking. PhD editors strictly edit a person's work without reference to some other individual's dissertation. Furthermore, the PhD dissertation editor for hire must be sensitive to the simple fact that various institutions have different set ups. Hence a customer can be certain of an extremely good dissertation if they've chosen an acceptable dissertation editor. A specialist editor knows the way to impress university evaluators as a way to get an exceptional dissertation grade. Our dissertation companies include having the ability to communicate with the writer during the length of the undertaking. The War Against Dissertation Editor Dissertation Editing is a simple requirement for a great many research scholars. Plagiarism is a huge issue for any dissertation, and might even make the cancellation of a degree. Course isn't a proven methodology. The practice of Dissertation Critique involves such factors that thusly can help to create a productive and highly effective thesis and also feature your work in the view of the commentator. It's simple to employ a dissertation service UK! Our dissertation proofreaders set your work in such order that you'll be astounded by the results. Let us explain what makes our website the ideal alternative for your UK dissertation. You may also submit details such as guidelines, notes and other details you wish to include to make sure your dissertation is customized to fulfill your academic needs. What Dissertation Editor Is - and What it Is Not The use of the editors is not just for plain grammar and for spelling check. Therefore, an editor is ready to earn a quick judgement of the writing quality and its capacity to become accepted by the committee. If for any reason our editing is discovered to be lacking and, as a consequence, your work isn't approv ed, we'll address and correct all the issues for no extra charge. The good thing is that, if you are able to surround yourself with those who think just like you do, you're encounter little resistance as you write. When deciding on a seasoned editor, it's important to choose a person who has familiarity with your topic, is responsive to your requirements, and can offer superior editing. Our dissertation writing service supplies a variety of benefits students are certain to appreciate including proofreading, editing, revisions, formatting and far more. Thus the PhD editors for hire must take such factors into account during editing. An excellent dissertation editing service will make certain that the writer is satisfied with the entire thesis by proofreading the work even after editing was done. Essays editing offers are offered by the organization both separately and with a complete task preparation. Dissertation editing involves various important tasks. Research paper editing is a quick provider, which will certainly become your favorite one. Global English Editing is an excellent value editing choice for students. The writer could articulate the idea of the analysis in an efficient and beneficial method. The defense of the dissertation is basically a normal norm control. A literature review takes a synthesis of distinct subtopics to come to a larger mastery of the state of knowledge on a bigger issue. If your dissertation will withstand considerable critique and earn a contribution to your field, every assertion has to be justified and every argument has to be fallacy-free.

LCCI Level 2 Book keeping account Quiz Essay Example For Students

LCCI Level 2 Book keeping account Quiz Essay Level 2 Book-keeping and Accounts Teachers’ Toolkit (Sample) January 2010 For further information contact us: Tel. +44 (0) 8707 202909 Email. [emailprotected] com www. lcci. org. uk INTRODUCTION Welcome to the Teachers’ Toolkit for Level 2 Book-keeping and Accounts. This Teachers’ Toolkit is a set of inter-related materials, developed by experienced teachers and the Chief Examiner, to support the teaching and learning of the qualification content. The main resource in the toolkit is a Scheme of Work, which gives you examples of how to plan the course and teach the content. It provides a logical sequence for teaching the syllabus topics, highlighting the key points to emphasise and provides you with guidance on formative assessment and exam preparation to help you and your students to succeed in the qualification. The Scheme of Work is enhanced by the range of integrated innovative materials provided in the Appendices. The information and resources provided in this toolkit are suggestions only. You can use them as you see fit, amending and adapting the content to suit your teaching style and students’ needs. Additionally, the Scheme of Works provides a good base for you to develop your lessons plans. It is important to remember that the syllabus is the document on which the examination is based and specifies what content and skills need to be covered in the course delivery. Therefore, at all times the information and resources provided in the Teacher’s Toolkit should be read in conjunction with the syllabus. Bear in mind that there are other support resources available freely on our website to help you. Resources available include past papers, sample papers and the Annual Qualification Review. SCHEME OF WORK Qualification Title: Level 2 Book-keeping and Accounts Syllabus Reference: 5 Teaching and Learning Methods Topic: Manufacturing Accounts Suggested Teaching Time: 5 hours Resources Timeframe: Week of . Assessment / Monitoring methods Key teaching points Exam Preparation Tips ? Question Answers ? Factory overheads ? Teacher Observation are added to prime ? Teacher Resource cost not subtracted . ? Students to read Chapter 13 before the lesson ? Interactive lecture using the Mind Map to introduce the concept of the manufacturing account and the classification of cost. Chalk/White board ? Passport to Success Book Chapter 13 ? Cost Classification Worksheet ? Group work using Cost Classification worksheet and group discussion to check understanding. ? Manufacturing Account Mind Map ? Teacher led explanation, using Chapter 13, on the preparation and presentation of manufacturing accounts Past papers ? Question 1 – Series 2 2006 (Hong Kong) ? Teacher-led explanations and problem solving on the preparation of Manufacturing, Trading and Profit and Loss Accounts and Balance sheet using exercises /practice questions from Chapter 13 Individual and group problem solving of exercises and practice questions in Chapter 13 and past papers (either in class or as homework). ? Question 1 – Series 3 2006 ? Question 3 – Series 2 2008 (New Syllabus) ? Ques tion 5 – Series 2 2008 (Hong Kong) (New Syllabus) Teacher should emphasise: ? that the basic principles of ‘Double Entry’ underpin the progression of all accounting principles. ? the double entry relationship between the manufacturing account and the trading account. ? that only items relating to ‘Finished Goods’ are included in the Trading and Profit and Loss Account. the importance of learning the cost accounting terms and concepts: direct/indirect; fixed/variable, prime costs overheads. Types of cost (Labour, Material and Expense) ? that the Manufacturing account relates to ‘costs’ only. ? the principles underpinning the ‘manufacturing profit’ and ‘Provision for Realised Profit’ account and should spend more time on this to ensure students understanding ? the concept of ‘work in progress’ and how it is treated depending on how it is to be valued 2 CD Rom Multiple ? Identify and label all choice questions key sub-totals e. g. ages 27-28 Prime Costs ? Quizzes ? Peer to peer feedback ? Past papers ? Clearly show how increases and decreases affect the Profit and Loss Account. ? Show all workings and calculations as marks can be gained for application Write titles out in full Direct Expenses Indirect Materials Indirect Labour Indirect Expenses Direct Costs (Prime Costs) Indirect costs (Production Overheads) Costs that can be linked back to a ‘single unit of output’ Costs incurred in the production of goods but not traceable to the units manufactured. Direct Labour Direct Material Manufacturing Account .u5cb47bb5ef864a5c50e0053b44351efc , .u5cb47bb5ef864a5c50e0053b44351efc .postImageUrl , .u5cb47bb5ef864a5c50e0053b44351efc .centered-text-area { min-height: 80px; position: relative; } .u5cb47bb5ef864a5c50e0053b44351efc , .u5cb47bb5ef864a5c50e0053b44351efc:hover , .u5cb47bb5ef864a5c50e0053b44351efc:visited , .u5cb47bb5ef864a5c50e0053b44351efc:active { border:0!important; } .u5cb47bb5ef864a5c50e0053b44351efc .clearfix:after { content: ""; display: table; clear: both; } .u5cb47bb5ef864a5c50e0053b44351efc { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u5cb47bb5ef864a5c50e0053b44351efc:active , .u5cb47bb5ef864a5c50e0053b44351efc:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u5cb47bb5ef864a5c50e0053b44351efc .centered-text-area { width: 100%; position: relative ; } .u5cb47bb5ef864a5c50e0053b44351efc .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u5cb47bb5ef864a5c50e0053b44351efc .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u5cb47bb5ef864a5c50e0053b44351efc .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u5cb47bb5ef864a5c50e0053b44351efc:hover .ctaButton { background-color: #34495E!important; } .u5cb47bb5ef864a5c50e0053b44351efc .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u5cb47bb5ef864a5c50e0053b44351efc .u5cb47bb5ef864a5c50e0053b44351efc-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u5cb47bb5ef864a5c50e0053b44351efc:after { content: ""; display: block; clear: both; } READ: Maggie Obituary EssayCost of Raw Material = Opening, purchases and closing stock of Raw Materials Production/Manufacturing costs Prime Cost + Production Overheads + Work in Progress Production Overheads Prime Costs Work in Progress 3 Level 2 Book-keeping and Accounts Manufacturing Accounts Quiz Instructions: Tick the correct box to show whether the each cost is a part of prime cost or production overhead. Prime Cost Place a tick in the appropriate Box (s) 1. Writing off bad debts 2. Direct wages of Machine Operative 3. Payment of Taxes 4. Heating and lighting 5. Purchase of direct raw materials 6. Purchase Managers wages 7. Cleaner for factory unit and offices 8. Direct wages of Factory worker 9. Paint used to repair factory walls 10. Direct Materials used in manufacturing goods 11. Insurance of plant machinery 12. Account clerks wages 13. Oil can for machinery 14. Direct expenses incurred to produce goods 15. Fuel for Salesmen vehicles 4 Production Overhead ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? Level 2 Book-keeping and Accounts Manufacturing Accounts Quiz Instructions: Match the accounting term on the left with the appropriate statement on the right. Accounting Term Statement 1. Direct Materials a. The sum of prime costs and production overheads 2. Indirect Labour b. Expenses not directly traceable to production of output 3. Production Overheads c. Cost of raw materials used in finished product 4. Indirect Expense d. Materials not directly traceable to production of output 5. Direct Expense e. The sum of indirect costs: labour/materials/expense 6. Cost of Production/Manufacturing f. Labour/staff not directly involved in production of goods 7. Direct Labour g. The sum of direct costs: labour/materials/expense . Indirect Materials h. Costs incurred for management, legal charges, stationary etc 9. Prime Cost i. 10. Selling and Distribution overheads j. 11. Administration overheads k. Labour required for producing finished product Non labour and material cost identified with producing finished product Costs incurred for commission, carriage, advertising etc 5 EDI International House Siskin Parkway East Middlemarch Business Park Coven try CV3 4PE UK Tel. +44 (0) 8707 202909 Fax. +44 (0) 2476 516505 Email. [emailprotected] com www. ediplc. com 6