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The captain's side EFIS of the Citation V was upgraded to a full Honeywell Primus 1000 glass cockpit for both pilots. [4] [6] [7] Deliveries amounted to 279. [1] The Ultra was named Flying magazine's "Best Business Jet" of 1994 [9] and it was produced until 1999. [4] Both the Citation V and Ultra hold 5816 pounds of fuel. [citation needed]
The Cessna Citation is a family of business jets manufactured by Cessna that entered service in 1972. [1] In the fifty years following the type's first flight in 1969, more than 7,500 Citations were delivered, forming the largest business jet fleet in the world. [2]
Examples of overhead costs include: payment of rent on the office space a business occupies; cost of electricity for the office lights; some office personnel wages; Non-overhead costs are incremental such as the cost of raw materials used in the goods a business sells. Operating Cost is calculated by Cost of goods sold + Operating Expenses.
On an income statement, "operating expenses" is the sum of a business's operating expenses for a period of time, such as a month or year. In throughput accounting, the cost accounting aspect of the theory of constraints (TOC), operating expense is the money spent turning inventory into throughput. [4]
However, that aircraft had been stigmatized for its slower cruise speed than its competitors, which had progressively been addressed in the Citation S/II and Bravo and the Citation V, Ultra and Encore, but at the cost of operating economy. To offer increased speed with reduced purchase and operating costs, Cessna engineers realized that a new ...
In the FIFO example above, the company (Foo Co.), using LIFO accounting, would expense the cost associated with the first 75 units at $59, 125 more units at $55, and the remaining 10 units at $50. Under LIFO, the total cost of sales for November would be $11,800. The ending inventory would be calculated the following way:
The use of a unit of account in financial accounting, according to the American business model, allows investors to invest capital into those companies that provide the highest rate of return. The use of a unit of account in managerial accounting enables firms to choose between activities that yield the highest profit. [citation needed]
[A] cost driver is any factor which causes a change in the cost of an activity. [citation needed] However, a different meaning is assigned to the term by the business writer Michael Porter: "cost drivers are the structural determinants of the cost of an activity, reflecting any linkages or interrelationships that affect it". [1]