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Such costs are therefore apportioned on the basis of any formula or any other mechanism. Such costs include administrative costs like janitorial services, utilities etc.
Fixed Costs: These costs remain constant irrespective of the level of the activity. For instance, the machinery fuel consumption; this will not be reduced or increased with the level of production. Rather, the fuel expenses will be distributed over the units produced. Therefore, it is the behaviour of the fixed costs that they remain fixed in totality but reduce per unit as the production increases.
Variable costs: Variable costs are such costs, which increase or decrease with respect to the level of the activity. For example, the labour cost for the production of the units of product will be nil in case the production halts and will be increased when the production starts. Such costs behave parallel to the level of the activity.
Semi-variable costs: Semi-variable costs are such costs which consist of the features of variable costs also and that of the fixed costs. It implies that such costs are fixed up to a certain extent and then they get parallel to the level of the activity.
Cost volumes are significant in decision-making process of the management. Things get managed when they get measured; this is the main reason why costs volumes are always monitored. Constraints are established for the costs levels so that they do not exceed the prescribed budget. Costs volumes analysis sets the direction for the controls to be applied on different components of the variable costs. In addition to this, once the cost volumes are established, they can be then compared with the costs of prior periods, competitors and other departments by way of benchmarking. Comparison with prior period assists in comparisons and variance analysis with respect to the previous years. The results of the previous year are
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International tourism is influenced positively by the increased use of electronic and other technologies, and adversely impacted by the rise in fuel prices and airline fees. Coles and Hall (2008) assert that challenges faced by international tourism include the development of a destination’s built resources, the conservation of the social, cultural, natural, and wildlife resources, and supporting the socio-economic progress of the local community.
Many countries didn’t consider tourism something that could actually boost their financial revenues but now countries are competing in tourism department just they compete in other commodities. Here are the synopsis of six news articles on the growth and impact of global tourism.
There are many advantages that are brought about by tourism. First, the creation of hotels, golf parks, casinos, and other such entertainment facilities provide a lot of employment opportunities for the local populations.
Tourism has emerged to be one the fastest growing economic sectors in many countries. For instance, in Costa Rica, tourism has been serving as the largest foreign exchange earner since 1995. The natural attractions such as Poas Volcano Crater and Cocos Island have enhanced the growth of the sector in Costa Rica.
The critical role played by the Seven Sisters Country Park in the local economy of the region makes it a fit case for initiatives in sustainable tourism. The impact of tourism on the environment of the park will be examined in general and specific instances outlined.
Management has an active role to play in the integration of the organisation's operation and culture.
A healthy work environment instigates happiness and motivation to perform. Increased and effective cooperation between men and women at workplace, a better awareness of gender differences, building different leadership styles and flexible work/career patterns are positive HR practices.
With her savings, next year she wants to visit Toronto, not only to see some of Toronto’s best places in the world, but also to explore the scope of her field in drama from educational and work perspective.
A mere geographical characterization of the properties does not provide conclusive value a home, for instance a home might be in the Band A contributing in the Band D equivalent value of 24, 000. The value realized might be
As such, several steps should be taken to enhance the revenue collection and desist from the overreliance on general revenue reserves. One of the steps is to reduce the expenditure on leisure facilities since it is higher than the revenue. This should also apply