Presentation - Work of Management Planni ng Controll ing Directing and Motivating Co rpo rat e Or ga ni zat ion Ch art Purchasing Personnel Vice

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Unformatted text preview: 5/25/11 Work of Management Planni ng Controll ing Directing and Motivating 5/25/11 Co rpo rat e Or ga ni zat ion Ch art Purchasing Personnel Vice President Operations Treasurer Controller Chief Financial Officer President Board of Directors Organizational Structure Decentralization is the delegation of decision- making authority throughout an organization. 5/25/11 The Product Direct Materials Direct Labor Manufactu ring Overhead Manufacturing Costs 5/25/11 Direct Materials Raw materials that become an integral part of the product and that can be conveniently traced directly to it. Example: A radio installed in an automobile 5/25/11 Direct Labor Those labor costs that can be easily traced to individual units of product. Example: Wages paid to automobile assembly workers 5/25/11 Manufacturing costs that cannot be traced directly to specific units produced. Manufacturing Overhead Examples: Indirect labor and indirect materials Wages paid to employees who are not directly involved in production work. Examples: maintenance workers, janitors and security guards. Materials used to support the production process. Examples: lubricants and cleaning supplies used in the automobile assembly plant. 5/25/11 Classifications of Costs Direct Material Direct Labor Manufacturin g Overhead Prime Cost Conversion Cost Manufacturing costs are often classified as follows: 5/25/11 Non-manufacturing Costs Selling Costs Costs necessary to get the order and deliver the product....
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This note was uploaded on 05/25/2011 for the course MGMT 46 taught by Professor Tariqrafiq during the Fall '11 term at COMSATS Institute Of Information Technology.

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Presentation - Work of Management Planni ng Controll ing Directing and Motivating Co rpo rat e Or ga ni zat ion Ch art Purchasing Personnel Vice

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