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Each class of boat is assigned a "Portsmouth Number", with fast boats having low numbers and slow ones high numbers—so, for example, in the case of two dinghies, a 49er might have a RYA-PY of 697 while a Mirror has a RYA-PY of 1390 (these are the actual RYA Portsmouth numbers for 2018, but note that adjustments are made each year).
Two wooden yardsticks with brass ends, in inches and division of yard for half, quarter, eighth and sixteenth A folding metre-stick carpenter's ruler with millimetre divisions and numbers in centimetres. Fully extended it measures 2 metres. In countries in which the metric system is used, the scale typically contains only a metric scale.
J. Lee Nicholson. Jerome Lee (J. Lee) Nicholson (1863 – November 2, 1924) was an American accountant, industrial consultant, author and educator [1] at the New York University and Columbia University, [2] known as pioneer in cost accounting.
Target costing is defined as "a disciplined process for determining and achieving a full-stream cost at which a proposed product with specified functionality, performance, and quality must be produced in order to generate the desired profitability at the product’s anticipated selling price over a specified period of time in the future."
Activity-based costing (ABC) is a costing method that identifies activities in an organization and assigns the cost of each activity to all products and services according to the actual consumption by each. Therefore, this model assigns more indirect costs into direct costs compared to conventional costing.
A costing method that includes all manufacturing costs—direct materials, direct labour, and both overhead—in unit product costs. According to the ICMA London "Absorption costing is a principle whereby fixed as well as variable costs are allocated to cost unit the term may be applied where production costs only or costs of all function are ...
Zero-based budgeting (ZBB) is a budgeting method that requires all expenses to be justified and approved in each new budget period, typically each year. It was developed by Peter Pyhrr in the 1970s.
In accounting, the cost principle is part of the generally accepted accounting principles.Assets should always be recorded at their cost, when the asset is new and also for the life of the asset.