To fully implement frugality rules, discipline inspection departments will focus on public institutions at lower levels, such as state-owned enterprises and financial institutions, as well as county and township governments Authentic Los Angeles Chargers Jersey , said a guideline issued by the Central Commission for Discipline Inspection (CCDI) of the Communist Party of China (CPC).
Inspectors will expose violations that take more subtle forms, the document said, noting that some government departments and state enterprises host expensive dinners at their own canteens to escape supervision.
Another priority is to punish those who use government-owned cars or office space for personal use.
The CCDI also warned officials against taking festival celebrations as an excuse to lobby their superiors for promotions.
The public is encouraged to tip off authorities about officials who violate the rules, the CCDI said.
OSLO Authentic Kansas City Chiefs Jersey , May 24 (Xinhua) -- Jewish people in Norway reacted strongly on Tuesday to an earlier shooting attack near Jewish museum in Belgium capital Brussels, fearing that a similar attack against Norwegian Jews could happen in this Nordic country.
Ervin Kohn, who speaks for the Jewish community in Oslo, was quote as saying that similar attacks as what had taken place in Brussels Authentic Jacksonville Jaguars Jersey , where three people were killed nearby the Jewish Museum, could be directed to the Jewish people in Norway.
"We fear that this terrorist attack will inspire and give ideas to an attack directed also against us here now," Kohn told the Norwegian-language newspaper VG. He said that he hopes the Norwegian government is now rapidly alert.
Kohn said that he viewed the attack in Brussels as a clear attack on Belgian Jews.
Although the Belgian Interior Minister Joelle Milquet said Saturday that it is still "too early to say whether this is a terrorist act aimed at the Jewish community."
"It is difficult to see this as anything other than a deliberate anti-Semitic act," said Kohn.
Absorption costing, also known as full costing, is a costing technique in which all manufacturing costs Authentic Houston Texans Jersey , variable and fixed, are considered as costs of production and are used in determining the cost of goods manufactured and inventories. All manufacturing costs are fully absorbed into finished goods.
Significance of Absorption
Significance of absorption costing are as follows:
• Under this technique, both fixed as well as variable costs are allocated to the cost unit. • Under it, the overhead costs are allocated to cost unit with the help of the overhead absorption rate. • Under it Authentic Green Bay Packers Jersey , the closing inventories are also valued at both fixed as well as variable cost. • Under this technique, the periodic profit is affected by a change in the inventory as well as in the volume of sales. • Under it, the profit becomes a function of production instead of sales.
Advantages & Disadvantages of Absorption Costing
Absorption costing techniques has the following advantages:
• It recognizes the importance of incorporating the fixed cost into the unit cost of production. • Unit price as determined under absorption costing technique ensures that all costs are included in it. • It reduces the work-burden of segregation of cost into fixed and variable parts. • It confirms the accrual concepts by matching the costs with the revenue for a particular period. • Under this costing technique, the inventory can be valued at the total cost. • Identification of an effective utilization of production resources is possible by application of absorption costing. • It helps to calculate gross profit and net profit separately in the income statement for an accounting period.
In spite of having a number of important advantages Authentic Detroit Lions Jersey , absorption costing technique suffers from the following limitations:
• It can be effectively used only at a constant level of output to get a uniform unit cost. Under his technique, unit costs would be different for different levels of output. • As the unit costs as determined by this technique under different levels of output are different, the process of cost comparison and cost control becomes difficult. • In absorption costing, a portion of fixed cost is carried forward to the next accounting period as the closing inventory is valued at the total cost which includes a proportionate fixed cost. • Most of the accountants opine that fixed costs are period costs and they do not produce future benefits of the concerns and hence Authentic Denver Broncos Jersey , should not be included in the unit cost of production. • Under this costing technique, a portion of fixed cost is not charged against the revenue of the period in which they are incurred due to the inclusion of fixed cost in the closing inventory. • Absorption cost deals with production cost alone and ignores administration, selling and distribution costs. • It is not helpful for managerial decision making process, such as selection of suitable product mix Authentic Dallas Cowboys Jersey , temporary shutdown of plant, suspension of production activity if required or not, choice between various alternatives or pricing decision