We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Performancemangement - Essay Example

Comments (0) Cite this document
Summary
The company is experiencing a rise in demand of its products over the past few years in the areas of both private and public sectors.
Despite the fact…
Download paper
GRAB THE BEST PAPER
Performancemangement
Read TextPreview

Extract of sample
Performancemangement

t hand and to keep with the competition, the company has taken up the decision to focus more on the new costing and pricing techniques to keep their focus on the customer and on maximization of the profit through cost reduction.
The company uses the traditional costing methods to base the cost of their surgical equipments which are quite outdated and are therefore show a lesser profit as compared to the new costing methods which can help a company to maximize their profits.
The traditional method used by the company does not focus on the reason for the occurrence of the cost i.e. whether the cost is directly linked with the production of the equipment or the cost is merely an overhead cost. (Exact Cost n.d.) Therefore, the cost is incorrectly charged to the product which decreases the profit margin for the company.
It does not differentiate the cost on the basis of their use. As a certain material used in the production of equipment may be more costly than the other but is required in a limited quantity while the other may be cheaper but required in huge quantity.
Costs cannot be properly allocated on the basis as to which department has provided the maximum amount of service to the particular department and the large amount of cost may be allocated to a department which has provided no service at all thus increasing the cost of that particular equipment.
In contrast with the traditional costing methods which have certain deficiencies, a modern costing method can be used. This method is known as Activity Based Costing (ABC). Some points regarding this method are discussed in detail below:
This method is based on the actual costing of a particular department as people who are connected to the department are involved in the costing process extract the data of cost to be allocated and allocate the cost to the production or service department as per the level of service provided.
Since the costs are properly allocated to the respective departments in the ... Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Performancemangement Essay Example | Topics and Well Written Essays - 2500 words”, n.d.)
Retrieved from https://studentshare.net/miscellaneous/413333-performancemangement
(Performancemangement Essay Example | Topics and Well Written Essays - 2500 Words)
https://studentshare.net/miscellaneous/413333-performancemangement.
“Performancemangement Essay Example | Topics and Well Written Essays - 2500 Words”, n.d. https://studentshare.net/miscellaneous/413333-performancemangement.
  • Cited: 0 times
Comments (0)
Click to create a comment
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Management Principles of Pursuit of Happiness
The main character is a picture of a businessman who learned the hard way, investing at first in machines that were considered expensive yet useless to doctors, causing him to dispose them so gruesomely slow and consequently making the availability of money to the family so tight.
3 Pages(750 words)Term Paper
Enron Corporation
The company used several mechanisms to cook up the books including market to market accounting and by hiding debt using off balance sheet transactions. The organization had a culture of greed and deception. The top executives of the company prior to the demise of the company violated the SEC insider trading bylaws by selling over $600 million in stocks.
6 Pages(1500 words)Case Study
Discussion about the strengths of Israeli society circa 1960 with regards to the book, The House on Garibaldi Street. The whole prompt will follow
Acts committed that degrades an individual is ultimately cruel but acts that allows the other to do the same as punishment for the wrong that he has done is inhumane and has no social bearings in a civilized society who is
6 Pages(1500 words)Essay
Assessment of National Express Group Operations, Macroeconomic Environment and Challenges
The essay focuses on the identification of the macroeconomic variables, that influence activities of the National Express Group company and assessment of their effect on the working of the company. It also discusses the challenges faced by the company in its worldwide operations. The company should focus on reducing the cost from oil price rise.
7 Pages(1750 words)Essay
The Blind Assassin by Margaret Atwood
A. Earl Ingersoll argues that the first sentence of the novel creates a murder mystery that the reader wishes to solve throughout the novel. The different narratives all build a picture of
2 Pages(500 words)Book Report/Review
Scientific Support for Coaches
According to the opening video clip, the effects of communication barriers are clearly observed and provided with the promising solutions. In the subsequent video clip, the players are observed playing a single goal and a single goalkeeper with two teams.
10 Pages(2500 words)Essay
Paper entitled : Inductive Power Transfer (IPT) Pickup Design Using Switch Mode Controller Methods for an Electric Toy Car
In the latter, the proportion of energy received becomes critical only if it is too low for the signal to be distinguished from the background noise. With wireless power,
3 Pages(750 words)Essay
A Successful Downsizing: Developing a Culture of Trust and Responsibility
Teams also complete work within a short time frame and the work is well rounded as it has only the best solutions after deliberations and removal of criticisms. Team leaders also handle the major decisions of the work without
7 Pages(1750 words)Case Study
Module 5: Environmental Public Health (SLP)
It begins by accurate identification of those candidates with similar health agenda so that when they win, they will implement such policies. (b) The second way is through talking to the candidates about the various
1 Pages(250 words)Essay
Renoir's Anti-Impressionism
This paper explores "The Large Bathers" by Pierre-Auguste Renoir. White argues that it can be deduced a posteriori that Renoir did not try to duplicate a fresco technique since this may be supported by the close analysis of the paint and other elements. The painting is “aesthetically incongruous” because it may be visually divided into two parts.
1 Pages(250 words)Essay
Let us find you another Essay on topic Performancemangement for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us