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Kinematic Pair: A pair is a joint of two elements which permits relative motion. The relative motion among the elements of links that built a pair is needed to be fully constrained or successfully constrained.Kinematic Link or Element: Kinematic link means to a resistant body or an assembly of resistant bodies that go to make a part or parts of a machine connecting other parts that have motion relative to it.Resistant Body: A body is state to be a resistant body if this is capable of transmitting the needed forces with negligible deformation.Completely Constrained Motion: While the motion among a pair is limited to a definite direction, irrespective of direction of force applied and just one independent variable is needed to define motion. Such a motion is called to be a completely constrained motion.
What are the Advantages of cost accounting: 1. Cost accounting as an aid to management: cost accounting helps the management in carrying out of its functions, planning, organ
Carrying costs of inventory These are costs incurred because the firm has decided to maintain inventories. They generally consist of: • Stock-out costs • Insurance co
Activity Based Management (ABM) Also referred to as activity based cost management (ABCM). This is used to describe the cost management application of ABC. To implement A
Assumptions for relevant costs The key assumptions made in relevant costing are: The cost behavior is recognized. The amount of fixed costs, unit variable costs, selli
International Transfer pricing International transfer pricing refers to the determination of prices to be charged between related persons and in particular within a multination
PERMANENT ABANDONMENT OF PREMISES A company may find it more profitable to concentrate its output in some factories by closing down others. The decision, in this instance, is
Break even point or B.E.P. pricing method : Break even point is the volume of sales at which the total sale revenue of the product is equal to its total cost. In other words, it
BUDGETARY CONTROLS Control in a business is the process of guiding organization into viable patterns of activity in an environment. The main purpose of a control system is to m
Capital Project comparing hybrid vs non-hybrid cars.
Explain Skimming pricing It is one of the most commonly discussed pricing method is the skimming pricing. This pricing method to the firm's desires to skim the market by sellin
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