VU-MCS-MIT Solutions of MGT402 and MGT503 GDB Graded Discussion Board NO.1 For Semester Fall 2012

 

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Today's Quran & HadithThis is to inform that Graded Discussion Board of MGT402 and MGT503 has opened on 22 October, 2012 for discussion and last date of discussion is 23 October, 2012. (48 Hours)

Discussion Question: Marks 10

Our team has solved Graded Discussion Board  GDB of MGT402 and MGT503

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Click Here for Solution of Graded Discussion BOARD (GDB) NO.1 MGT402 Cost & Management Accounting For Semester Fall 2012

Click Here for Solution of Graded Discussion BOARD (GDB) NO.1 MGT503 Principles of Management For Semester Fall 2012

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VU-MCS-MIT Solution of Graded Discussion BOARD (GDB) NO.1 MGT402 Cost & Management Accounting For Semester Fall 2012

Discussion Question:
Star company - a partnership firm of Mr. "A" and Mr. "B", deals in ball points manufacturing business. Despite of using the traditional approach of costing, the company is earning handsome profits. One day Mr. C (son of partner A) visited the firm and got a chance to check some of the organization's reports incidentally. He found that due to the lack of knowledge about costing techniques, the plant capacity is being incorrectly estimated and this has resulted in under utilization of the plant. He discussed this issue with his father on the dinner and suggested Mr. A to adopt some modern costing techniques so that the plant capacity can be fully utilized. Mr. A discussed this issue with his partner, Mr. B on the next day. But, both the partners were hesitant to adopt the suggestion because they thought that due to this, their cost of goods produced might gone up and hence their profit could be reduced. Later, Mr. C tried to convince them that the profit could not be reduced. He strongly recommended the proposal by saying that "Variable cost varies on per unit of output produced, whereas fixed cost remains constant on per unit of output produced".

Required:
As a student of cost accounting, will you be agree with the statement given by Mr. C? Support your answer with logical reasons.

Solution

First Understand the Variable cost and fixed cost

Variable cost

A periodic cost is cost that varies in step with the output or the sales revenue of a company.

Variable costs include raw material, energy usage, labor, distribution costs, etc. Companies with high variable costs are significantly different from those with high fixed costs.click here to read more

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VU-MCS-MIT Solution of Graded Discussion BOARD (GDB) NO.1 Principles of Management (MGT503) For Semester Fall 2012

Dear Students

This is to inform that Graded Discussion Board has opened on 22 October, 2012 for discussion and last date of discussion is 23 October, 2012. (48 Hours)

Discussion Question: Marks 10

Do the principles of management applicable in 'for-profit organizations ' differ from those applicable in 'not-for-profit organizations'? Discuss why or why not.

Important Instructions:

1. Your discussion must be based on logical facts.

2. The GDB will remain open for 2 working days/ 48 hours.

3. Do not copy or exchange your answer with other students.

4. Obnoxious or ignoble answer should be strictly avoided.

5. Questions / queries related to the content of the GDB, which may be posted by the students on MDB or via e-mail, will not be replied till the due date of GDB is over.

Note:

For acquiring the relevant knowledge, do not rely only on handouts but watch the course video lectures and read additional material available online or in any other source.

Important Instruction:

Don't post your comments on lesson related MDB
The answer of this GDB should not be more than 150 words.

Solution

1^st of all understand the concept of profit organizations and nonprofit organizations

When you start a business, it is for the financial benefit of its owners and/or shareholders. Profit is the goal and the business pays taxes on that profit.

A nonprofit entity has a mission that benefits the "greater good" of the community, society, or the world. It does not pay taxes, but it also cannot use its funds for anything other than the mission for which it was formed.......click here for complete....

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VU-MCS-MIT Online Islamic Group about Islam Today Online Quran & Online Hadith 22 Oct 2012 (05 Zhu'al-Hijjah 1433)

Online Islamic Group about Islam Today Online Quran & Online Hadith 22 Oct 2012 (05 Zhu'al-Hijjah 1433) 

 

Today's Quran & Hadith

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