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The two objects that facilitate the assignment of costs in GFEBS are work breakdown structures (WBS) and cost objects. Work breakdown structures involve breaking down a project into smaller components for tracking costs, while cost objects help assign costs to specific parts within the project.
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How is friction force is being nuisance?
Friction force can be considered a nuisance in situations where it hinders the smooth movement of objects. It can cause wear and tear on surfaces, decrease efficiency in mechanical systems, and make it more difficult to move objects. This can lead to increased energy consumption and maintenance costs.
Do shiny objects attract the sun?
Nope, the sun is just very very bright. Avoid looking at the sun at all costs possible as you can go blind.
How do you calculate under and over applied OH?
To calculate under or overapplied overhead, subtract the actual overhead costs from the applied overhead costs. If the actual overhead costs exceed the applied overhead costs, it is overapplied. If the applied overhead costs exceed the actual overhead costs, it is underapplied.
What is conversion costs?
Pricing is based on direct labor and overhead. Materials does not affect pricing. Example: Your customer provides materials used in production.
What is the difference between expired cost and unexpired cos?
Expired costs are costs that have been used up or consumed in the production of goods or services, while unexpired costs are costs that have yet to be consumed. Expired costs are included in the cost of goods sold and are deducted from revenue to calculate profitability, while unexpired costs are carried forward on the balance sheet as assets until they are used.
How do traditional cost assignment systems assign direct costs?
Traditional cost assignment systems typically would assign directly to the cost objects the costs of those resource consumptions that can be economically traced directly to units of output requiring the resources.
How do traditional cost assignment systems assign indirect costs?
The remaining costs, referred to as indirect costs, would be accumulated into one or more cost pools, which would subsequently be allocated to the cost objects according to volume-related bases of allocation.
Which module is used in GFEBS to track and manage costs for certain projects within the?
sPENDING CHAIN
In GFEBS What plans-executes-and controls costs of the project against the funding structure?
Project system
Reimbursable in gfebs?
In the General Fund Enterprise Business System (GFEBS), "reimbursable" refers to costs that can be charged to other entities or organizations, typically for services rendered or goods provided. These expenses are tracked separately to ensure proper accounting and recovery of funds. Reimbursable transactions are essential for maintaining budgetary control and financial transparency within government operations. Proper documentation and adherence to regulations are crucial to facilitate the reimbursement process.
How does assignment model facilitate solving transportation problem?
The assignment model simplifies the transportation problem by framing it as a special case where the goal is to minimize costs while assigning resources to tasks. It allows for a clear representation of supply and demand constraints, ensuring that each resource is allocated to exactly one task. By using algorithms such as the Hungarian method, it efficiently determines the optimal assignment that minimizes transportation costs, making it easier to find solutions in large-scale problems. This focused approach helps streamline decision-making in logistics and resource allocation.
Which module is used in GFEBS to track and manage costs for certain projects within the Army?
The Program Cost Management (PCM) module in GFEBS is used to track and manage costs for certain projects within the Army. It provides capabilities for budgeting, cost tracking, obligation, and expenditure analysis specifically geared towards project management.
What are the costs that can be financed?
Almost all costs can be financed that are directly attributable to the acquisition or production assignment can be financed, assuming that the appraisal is high enough.
Varience methods by which you would split semi-variable costs in its fixed and variable elements?
assignment
Will spending chain will be used in gfebs to track and manage costs for certain projects within the army such as maintenance funding execution structure and reimbursable projects?
True
Spending Chain will be used in GFEBS to track and manage costs for certain projects within the Army such as Maintenance Funding Execution Structure and Reimbursable projects?
True
Spending Chain will be used in GFEBS to track and manage costs for certain projects within the Army such as Maintenance Funding Execution Structure and Reimbursable projects.?
True
