Things we dont like Research Paper Example | Topics and Well Written Essays - 750 words

Things we dont like - Research Paper Example The main issues that is of significant concern is the country’s economy. Over the past years, the government has been issuing economic report based on statistical elements that describe different economic trends such as economic growth, rate of unemployment, GDP growth, and interest rates. Although the government considers such statistic as the only tools of relaying economics information, such information is unconvincing and inconclusive. This is because economic reports are based on statistics that can only be understood by people who have economic knowledge (Shaw 643). On the other hand, the government does not indicate the validity or the credibility of such information. It is evident that majority of the people lack economic understanding and, therefore such information does not make sense at all. In addition, the government fails to give information on how such economic indicators relate to the real world. Such economic indicators fail to connect the actual situation wit h the theoretical aspect or to explain how things happen in the real world (Shaw 632). I consider it hypocritical to have statistics stating that the country is experiencing an economic growth while the cost of living is increasing constantly. Authorities are prone to giving inconclusive information on issues that affects the public. Government reports are filled with generalizations that do not replicate to the actual situation in the ground. I am concerned about when the authorities will learn to give out credible information that captures and explain the real situation and real happenings. For instance, the weather department is charged with the responsibility of directing the public on matters related to weather patterns and changes. However, the department never issues any concrete information on the area of their responsibility. The public needs to have precise information about the weather. However, the responsible department

Finance assignment Essay Example | Topics and Well Written Essays - 1250 words

Finance assignment - Essay Example s is used for production scheduling; number of set-ups is also used for setting up activity; and number of direct labour hours is used for other indirect cost since case facts required cost river for â€Å"other indirect cost† to be the % proportion that they represent relative to the best of the indirect cost. This researcher has interpreted that the best basis is still the number of direct labour hours in the absence of other cost driver that could be used for other indirect cost. In applying the ABC approach for Agostino plc, there was a need to get first the estimated number cost driver units and the estimated share of activities from the unallocated total direct cost. The estimated number of cost driver units was based on the given total annual activity data which can be assumed to stay constant for next year from the three distinct services provided by the company. The data is as summarized in Table I below: It may be observed from above about the need to identify the services for purpose of applying ABC for Agostino plc. It may be further observed that the real issue on the use of ABC costing in on how to have a more rational basis of allocation for purposes of enhancing control on the indirect cost of rendering service (Roztocki, N., 1999; Saldarini, K., 2000). With control comes responsibility for the behaviour of the cost of services. With responsibility for cost comes the responsibility for profits of important departments or components of the organization which render the various laundry services by Agostino plc. After getting the cost driver rate, the same could now be multiplied with the actual cost number driver units. Since the case facts do not appear to have provided the actual number of cost driver units, this paper made use of the forecasted level of activity for next years for the three kinds of services and assume the same to be actual. The process resulted to allocation of the total actual indirect costs based on activities identified