The Human Need for Love in Mary Shelleys Frankenstein Essay

The Human Need for Love Exposed in Frankenstein Written in 1817 by Mary Shelley, Frankenstein is a novel about the modern Prometheus, the Roman Titian who stole fire from the gods and gave it to man. The story takes place in several European countries during the late 1700s. It is the recollection of Victor Frankenstein to a ship captain about his life. Victor is a student of science and medicine who discovers a way to reanimate dead flesh. In a desire to create the perfect race he constructs a man more powerful than any normal human, but the creation is so deformed and hideous that Victor shuns it. The creation then spends a year wandering searching for companionship, but everywhere he goes he is shunned and feared. Hating life†¦show more content†¦This lack of friendship has made the captain suicidal, without a thought to his crews lives. The captain takes a liking to Frankenstein as they both share many of the same interests; Victor even takes a liking to the captain enough to relate to him his terrible story. This frie ndship allows the captain to see clearly again and he decides to return to port and not further endanger his crew. Without this friendship he would have pushed on, trying to gain joy from victory. It is Victors story that truly exposes the true theme of the story, with him speaking of his days as a child and his first friendship with the girl his parents adopted. He lives a fine life, full of joy and happiness with friend plentiful. When he goes to college he is without friends, but soon befriends one of the professors and engaged in lengthy conversations with him. This isnt the same friendship as before, lacking the real love and companionship of his family, and he soon begins work on his creation. He so overwhelmed by the idea of creating a perfect person he is blinded from the deformity of the creature. When the creature is finished he examines his work and is mortified by it, running and hiding he escapes the creature that soon wanders away. Soon after Victor becomes sick and deathly, he shuns society and people and is almost dead when his friend Clerval arrives at the college. Clerval nurses Victor back to health, but Victor isnt physically sick, he has justShow MoreRelat edFrankenstein, by Mary Shelley1138 Words   |  5 PagesIs Frankenstein a man, whose ambition led to a disaster; or a monster, which created a life with disregard for the human race? Frankenstein, in my opinion, was the monster not the life that he had created. Frankenstein never admitted to his family what he had done, never admitted responsibility for his actions. He might as well have killed Elizabeth, William, Justine, and Clerval with his own hand. The so called â€Å"Monster† only wanted companionship; he did not want to murder those people. TheRead MoreInsert Surname 3.. Student’S Name. Professor’S Name. Course1590 Words   |  7 PagesInsert Surname 3 Student’s Name Professor’s Name Course Number Date Love, Family, Crime and Justice ​Mary Shelley’s Frankenstein explores several themes that define what it is to be a human. Victor Frankenstein perceived the monster he created as an evil demon though the book prompts learners to see the whole story from the monster’s perspective. Learners will be forced to sympathize with the monster as the book unfolds to showcase how he is alienated from a typical family after Victor declinedRead More The Concepts Of Knowledge And Happiness In Mary Shelleys Frankenstein1001 Words   |  5 Pagesto become greater than his nature will allow† (Shelley 60). In Mary Shelley’s Frankenstein, she expresses her beliefs regarding the danger of pursuing happiness through the attainment of knowledge, because true happiness is found in the emotional connections established between people. The pursuit of knowledge is not necessarily an evil thing, but it can cause destruction when it is pursued beyond natural limits. Victor Frankenstein becomes a slave to his passion for learning in more than one way;Read MoreMary Shelley Frankenstein859 Words   |  4 Pages Mary Shelley The Creature in Mary Shelley’s â€Å"Frankenstein or the Modern Prometheus† needs a companionship as every ordinary human. Every man needs a woman, who will able to share moments of happiness and sadness, a woman who will be able to share thoughts and of course a woman who will be able to love a man. In this case the Creature needs a bride. But the problem is that the Creature from the â€Å"Frankenstein or the Modern Prometheus† is not a human. So can human rights and needs be appliedRead MoreMary Shelley s Frankenstein - Original Writing1489 Words   |  6 Pagesrecurred, but I was unable to solve them (Mary Shelley’s Frankenstein).† Mary Shelley’s book, Frankenstein, parallels her own experiences. Shelley’s mother died in childbirth, and she was left â€Å"dependent on none and related to none.† Her father, William Godwin, abandoned his daughter emotionally when he remarried a woman who treated Mary poorly. Shelley often searched for an understanding of who she was. She did not have a mother to give her an education, so Mary taught herself by seeking answers toRead MoreMary Shelley s Frankenstein - Original Writing1146 Words   |  5 Pagesrecurred, but I was unable to solve them (Mary Shelley’s Frankenstein).† Mary Shelley’s book, Frankenstein, parallels her own experiences. Shelley’s mother died in childbirth, and she was left â€Å"dependent on none and related to none.† Her father, William Godwin, abandoned his daughter emotionally when he remarried a woman who treated Mary poorly. Shelley often searched for an understanding of who she was. She did not have a mother to give her an education, so Mary taught herself by seeking answers toRead MoreFrankenstein, By Mary Shelley Essay1114 Words   |  5 PagesIn Mary Shelley’s Frankenstein, Victor Frankenstein tells his story from the bright beginnings, to his boundary-crossing brilliance that led him to his ultimate downfall. Throughout the book, we follow mostly Frankenstein’s interpretation and thoughts about a variety of topics, including the women involved in his life, as well as those described to him by his Creature. There are only a handful of women who are relevant to Frankenstein’s tale: Sa fie, Elizabeth, and even Nature herself. These importantRead MoreOf The Pernicious Effects By Mary Shelley1290 Words   |  6 PagesThe novel â€Å"Frankenstein† by Mary Shelley, and the article â€Å"Of the Pernicious Effects† by Mary Wollstonecraft, both have relations when regarding the importance of feminism during their time periods. Throughout Shelley’s novel feminism is addressed because she uses female characters to further her plot and display her viewpoints. If Wollstonecraft evaluated the female characters in Shelley’s novel, she would realize that Elizabeth, Justine, and Safie all show an importance to the flow of the novelRead MoreFrankenstein- Acquirement of Knowledge Essay1475 Words   |  6 Pagesthan his nature will allow.† To what extent does Shelley’s Frankenstein support Victor Frankenstein’s view? Mary Shelley’s Frankenstein explores the concepts of knowledge and science and the dangers involved with the pursuit and investigation of these ideas. The novel conveys Shelley’s attitudes towards science by portraying it as having the capability to exceed the bounds of human restraint. Through the development of her protagonist Victor Frankenstein, the romantic and gothic aspects of her novelRead MoreEssay on The Nature of Humanity in Mary Shelleys Frankenstein1358 Words   |  6 PagesThe Nature of Humanity in Mary Shelley’s Frankenstein Mary Shelley’s Frankenstein examines the very nature of humanity through the juxtaposition of two characters, Victor Frankenstein and the creature. The curious creature has an innocent desire to learn whereas Victor Frankenstein pursues his blasphemed ambition. The creature has a sincere desire to belong in the human world but he is incapable of properly presenting himself whereas Victor Frankenstein isolates himself from humanity to hide his

Lymphoma, Lymphoma And Non Hodgkin Lymphoma - 1151 Words

Lymphoma is a general term for many similar subtypes of cancers that come from a white blood cell called a â€Å"lymphocyte.† Lymphoma has two major categories: Hodgkin lymphoma and non-Hodgkin lymphoma. Mantle cell lymphoma is merely 1 of 70 different types of NHL. US National Library of Medicine National Institutes of Health 2008. Lymphatic cancer, also known as Lymphoma, is a cancer of the body’s lymph nodes. Records show MCL occurs in about 20,000 to 200,000 cases annually in the United States; 20,000 to 200,000 may seem like a large amount, and is a lot of individuals, but in comparison to the 318.9 million people in the United States, this condition is rare. Mantle Cell Lymphoma 2014. Although Lymphatic cancer is considered rare, there is a type called Mantle Cell Lymphoma, which only occurs in approximately 7% of people with NHL have mantle cell lymphoma. Lymphoma - Non-Hodgkin 2012. The name of MCL originates primarily from its location. Mantle cell lymphoma (MCL) results from a malignant transformation of a B lymphocyte in the outer edge of a lymph node follicle, which is also known as â€Å"the mantle zone†. About .7% of people have Mantle Cell Lymphoma. MCL is rare because only about 5-10% have NHL (non Hodgkin Lymphoma) in general. Most of the individuals afflicted with this disorder are usually men of ages 50 and older. Owen A. O’Connor, MD, PhD 2014 Rearrangements of genetic information between chromosome 14 and other chromosomes have been associated withShow MoreRelatedNon-Hodgkins Lymphoma5500 Words   |  22 PagesNon-Hodgkin’s Lymphoma Introduction According to the American Cancer Society website, Non-Hodgkin lymphoma (also known as non-Hodgkin’s lymphoma, Non-Hodgkin’s disease, NHL, or sometimes just lymphoma) is a cancer that starts in the cells of the lymph system, which is part of the body’s immune system.1 It is a type of cancer of the blood that affects the white blood cells, which are usually involved in protecting against infections. NHL is not a single disease, but rather a group of at least 31Read MoreA Short Note On Lymphoma And Non Hodgkin Lymphoma1269 Words   |  6 PagesClinically, Lymphoma is split up into two categories. These two categories are Hodgkin’s Lymphoma and Non-Hodgkin’s Lymphoma. Hodgkin’s Lymphoma is quite distinct from Non-Hodgkin’s Lymphoma. Hodgkin’s Lymphoma has been named after Dr. Thomas Hodgkin, who was the first to recognize it. This is a cancer developed from white blood cells in the lymphatic system known as lymphocytes (Cance r Center). All other forms are put in the Non-Hodgkin’s Lymphoma category. The lymphatic system is there toRead MoreTreatment Of Non Hodgkin Lymphoma945 Words   |  4 Pagesgrade living life as any normal eleven year old. Life was a breeze. Then on February twenty-sixth, my whole world changed. My mother found out she had stage three Non-Hodgkin’s Lymphoma. â€Å"Mom was going to die,† was the only thing running though my little scatter brain. She would not see my graduate or follow my dreams. Non-Hodgkin’s Lymphoma is a cancer that runs through the lymphatic system of the body. There are four stages: stages one and two being completely treated very easily, and stages threeRead MoreA Short Note On Non Hodgkin s Lymphoma1916 Words   |  8 PagesNon-Hodgkin’s lymphoma is one of the most common types of cancers in the United States that affect mostly older adults. The American Cancer Society estimates that 72,580 people in the Unites States will be diagnosed with the disease just in the year 2016 alone. Of that number, there are about 20,150 people expected to die from the disease. There is also a 2% chance of people in the United States developing the disease (American cancer society, n.d.). There have been many researches done about theRead MoreLeukemia And Lymphoma Society : History1280 Words   |  6 PagesLeukemia and Lymphoma Society History of the Organization The nonprofit Leukemia and Lymphoma society came about from the sorrow of a couple whose son lost his life in 1944. His name was RobbieRobert Roesler de Villiers, part of a well-off family based in New York. Leukemia was the cause of his death at the early age of 16. Following their son’s death, his parents, Rudolph and Antoinette, began an organization in 1949 under his name. The product of their efforts was run out of a Wall Street officeRead MoreEfficacy And Safety Of Patients With Non Hodgkin s Lymphoma Essay1929 Words   |  8 Pagesrandomized, open-label to evaluate the efficacy and safety of the Rituximab in patients with Non-Hodgkin’s Lymphoma (NHL). The study will be lead up to 25 sites in the USA, France, Canada and India. The study will enroll up to 1500 patients. The study population will include a patient 18 years of age (both male and female); with recurrence or refractory low-grade or follicular, CD20 positive, B-cell non-Hodgkin’s lymphoma. Patients are selected randomized to receive Rituximab 400 mg intravenous (IV) everyRead MoreThe Efficacy And Safety Of Patients With Non Hodgkin s Lymphoma Essay2082 Words   |  9 Pagesopen-label, study to evaluate the efficacy and safety of Rituximab in patients with Non-Hodgkin’s Lymphoma (NHL). The study will be conducted at up to 25 sites in the United States, France, Canada and India. The study will enroll up to 350 patients. The study population will include patient 18 years of age (both male and female); with relapsed or refractory low-grade or follicular, CD20 positive, B-cell non-Hodgkin’s lymphoma. Patients randomized to Rituximab will receive 400 mg intravenously (IV) everyRead MoreBurkitt s Lymphom An Uncommon Form Of Non Hodgkin Lymphoma1040 Words   |  5 PagesBurkitt’s lymphoma is an uncommon form of non-Hodgkin’s lymphoma. In United States, the case rate during 2001-2009 period was 0.4 cases per 100,000 population according to NCI’s SEER statistical database.1 Burkitt’s lymphoma constitutes 0.4% of all the lymphoid tumor accounting for between 40 and 50% of childhood non-Hodgkin s lymphomas (NHLs) in non-endemic areas.2-4 The sporadic form in adults accounts for 1–2% of all adult lymphomas in western Europe and the United States.5 Burkitt’s lymphoma is treatedRead More Lymphoma Essay1498 Words   |  6 Pages Lymphoma Lymphoma or lymphatic cancer is a very serious and life threatening disease. In this country there is an estimated 63,900 new cases, 7,100 of which are Hodgkinamp;#8217;s lymphoma as opposed to non-Hodgkinamp;#8217;s lymphoma. Since around the 70amp;#8217;s the occurrence of non-Hodgkinamp;#8217;s lymphoma has almost doubled while the occurrence of Hodgkinamp;#8217;s disease has declined. (Steen, 1993) nbsp;nbsp;nbsp;nbsp;nbsp; Lymphoma is the name given to a cancer that infectsRead MoreMonetary Interests And Proeconomics874 Words   |  4 Pagesthan 100 hospitals nationwide, which included top ranked and non-top ranked hospitals, in order to find some information about pricing for a hip replacement surgery. The price should include both hospital and physician costs. What she found was tantalizing. The prices for the surgery varied tremendously, from $11 thousand to $126 thousand. Surprisingly, sometimes it resulted cheaper to get the surgery at a top-ranked hospital than at a non-top ranked hospital. Also, she found out that most hospitals

Introduction to Management Accounting Products Cost

Question: Describe about the Introduction to Management Accounting for Products Cost. Answer: a) Purpose of Product Costing System Product costs refer to the expenses borne while manufacturing a product and the cost of raw materials of the product that is manufactured. It also includes the cost of transportation incurred while transporting the good to the point of sales. Product costs include cost of labor, cost of material, supervision and maintenance expenses and can be regarded as historical by nature until the date of sale (Needles Crosson, 2013; Kiney Raiborn, 2012). Product costing assists in controlling the various costs that are involved in the process of manufacturing by providing a detailed view of the expenses. It offers flexibility in the process of manufacturing by stating about the previous and the new costs incurred. The knowledge about the costs of product engineering and manufacturing budgets along with gross margin can also be sorted by means of product costing. With consideration to its effectiveness and virtues, this system of costing is commonly used in the management of supply chain proce sses (Oracle, 2003). There are two types of product costing systems, vis a vis, process costing and job order costing. It is necessary to sort out the costs involved in the process of production, when conducting a continuous production of goods, as it assists in identifying the costs involved in each batch of production. In the process costing method, a process cost report is used to learn about the expenses involved in each of the process of production. In case the goods manufactured are heterogeneous by nature, the job order costing method is deemed as more suitable. In this process, the manufacturing cost of each unit of production is calculated to assist in pricing of the goods. It also helps in profit maximization by determining the appropriate product mix and the method of maximizing production. Job order costing is followed by companies when manufacturing customized products in a relatively smaller quantities. In this process, calculation of the direct labor, direct material and overhead of each b atch is calculated. At present, the use of a job order costing method can be witnessed with regards to the costs of production and align it with the revenues. Overall, the standard costing system further makes the process costing system more efficient by stating the estimated costs of production. This helps in understanding whether the actual costs are crossing the estimated costs (Shim Siegel, 2009). In accordance, there are two facets of assigning the product costing system, which are cost accumulation systems and valuation methods. The cost accumulation system emphasises measurement of costs, identification of costs and product cost assignments. There are three types of techniques of cost valuation combined with the mechanism, which are normal, actual and standard valuation techniques (Kiney Raiborn, 2012; Needles Crosson, 2013). Product costing is very useful for the managers, as it helps them to understand whether a particular product is contributing to the profits or is responsible for the losses incurred by the company. It also assists in residesigning the loss making product so that it can contribute to profit generation, which implies greater control of the management on the profit earnings of the company. The process of product costing helps in cost-benefit analysis and developing a superior management information system (MIS) in an organisation. It must be noted in th is regard that product costing helps to set an appropriate price of the product on the basis of its recorded costs of a product and promotes planning in businesses and decisions regarding investment (US Aid, 2007). Product costing is important for any company disregard of the competitive strategies adopted. It helps a company to develop as cost leaders with augmented efficiency in the manufacturing process. The manufacturing environment of the business entities are also changing rapidly, further augmenting the need for the product costing system to be aligned with the dynamic environment, as the system helps in taking decisions to allocate overhead costs (Blocher, Chen, Cokins Lin, 2006). It is necessary to improve the product costing system followed in the company and requires recommendation of the higher management. The rapid changes in the external environment of the business have made it necessary to shift the focus from traditional system of product costing to activity based costing system (Hilton, Ramesh Jayadev, 2007). The product costing system also helps in tracing the performance of the various dimensions of the business, by sorting the different variables involved in the production of the various subassemblies and the components (Shim Siegel, 2009). Production cost in AASB 102 The AASB 102 guidelines emphasises the manner of recording the costs of production associated with inventory. The guidelines suggest the exclusion of certain types of production costs from the financial statements. It includes the production costs that are abnormal in nature. As a part of production, the cost of conversion is included in the calculation of cost of inventories, with the separate allocation of the overheads. The various heads of conversion cost includes cost of direct materials, direct labor, variable and fixed overheads. Certain rules regarding allocation of overheads were also taken into consideration accordingly. The allocation of fixed production overheads was thus based on the average level of production of a business entity, while the allocation of the variable overheads was based on the daily production level (Chartered Accountants Australia and New Zealand, 2016; Commonwealth of Australia, 2009). b) Cost of Goods Manufactured and Cost of Goods Sold Table 1: Cost of Goods Manufactured It can be observed that the cost of goods manufactured by Seafarer kayaks amounts to $85,700. The kayak company manufactures various types of paddles, accessories, kayaks and velomobiles, with exciting features to serve the customers and ensure their highest degree of satisfaction (Nimbus, 2011). Table 2: Cost of Goods Sold The cost of goods sold for seafarer kayaks is $84,600, which is lower than the cost of goods manufactured. This implies that the company is unable to sell all the products manufactured. Contextually, the amount of unsold stock reflects the inability of Seafarer kayaks to market its products properly or take appropriate inventory decisions. Seafarer kayaks must therefore conduct appropriate production planning and control mechanisms, and set the price in a manner that will promote the sale of its products in the competitive market. The study of the general format of cost of goods manufactured further reveals that factory utility and indirect materials are missing. It is principally because many records of the accounts are not available at present (Walther Skousen, 2009). It must be noted in this context that the use of standard costing focuses on the allocation of expected costs rather than the actual costs (Massachusetts Institute of Technology, 2016). The indirect materials vary with the production of goods and are considered as variable overheads. It consists of welding rods, oil required in machines, electricity, welding rods, nuts, bolts (ICWAI, 2012; Regis University, n.d., IFRS, n.d.). Notably, the indirect costs of materials were not considered in the previous accountant, as the record of the expenses is stored at a confidential place. c) T- Accounts It is evident from the T-accounts that there is a credit balance of raw materials at the end of the year amounting to $1,000. WIP also have a credit balance of $500, while the stock of finished goods have a debit balance of $1,000, which suggests that goods amounting to the stated amount was manufactured during the accounting period. The manufacturing overhead have a credit balance of $18,950, implying that the amount of actual overhead is more than the amount of applied overhead. The difference in the balance can be regarded as overhead variance or under applied overhead. Considering the case of accounts payable, it can also be assumed that there is an increase in the head by $2,250 in the end of the year. This is unfavourable as it implies rise in current liabilities. The cost of goods sold was also recorded at $84,600 that represents the production cost of the good that have actually been sold into the market by Seafarer Kayaks. i) Applied Overhead The applied overhead can be calculated by multiplying the pre-determined rate by the actual level of activity. In this case, the pre-determined rate is $63 and the actual labor hours is $850. This gives the value of the applied overhead to be $53,550, as represented hereunder. The mathematical formula for calculating applied overhead is as follows: Applied Overhead= Predetermined overhead rate x actual activity level Table 3: Applied Overhead ii) Actual Overhead Table 4: Actual Overhead The total actual overhead for the accounting period comprises of all the non-direct activities concerned with manufacturing of a product. The various types of overhead that are applicable to Seafarer Kayaks, include administrative overhead, selling and administrative expenses and factory overhead. In total, there are 11 types of heads of overhead costs that have been actually incurred in the accounting year by Seafarer Kayaks. The total amount of overhead thus stands to be $72,500. iii) Under applied Overhead Table 5: Under Applied Overhead The applied overhead is observably less than the actual overhead that indicates towards the existence of an under applied manufacturing overhead by $18,950. This amount can also be stated as the overhead variance. iv) Journal Entry The imbalances observed between the actual and applied overhead in this case is $18,950 that falls under the applied overhead costs due to higher actual overhead than applied overhead. In this case, the journal entries will transfer the under applied overheads to cost of goods sold, which is as follows: Cost of Goods Sold A/c................................................Dr. $18,950 To manufacturing overhead A/c ..........................................$18,950 Source: (Accounting for Management, 2015) d) Over or Under Applied Overhead Generally, the difference between the applied overhead and the actual overhead is represented by means of over or under applied overheads. In case the actual overhead is more than the applied overhead, the difference is referred as under applied overhead. In case the applied overhead is more than the actual overhead, it can be noted that applied overhead exists. Considering the case of Seafarer Kayaks, it can accordingly be asserted that there is an under applied overhead amounting to $18,950 (Accounting for Management, 2015). Seafarer Kayaks must consider the situation of under applied overhead with due significance. In this case, the overhead variance can be observed as positive in nature. This implies that the company is not using the indirect materials in an efficient manner, with possible alterations in the cost of the indirect factors of production. The presence of variance gives a clue about the effectiveness of the present cost controls mechanisms. Thereafter, the manger can take appropriate steps to make the cost control mechanisms more effective. To deal with the issue of under applied overhead, the company must sort out if the volume output produced was appropriate. The top-level managers must also focus on sorting that the variance in the overhead is due to the faults of the marketing departments or break down in the machines. The journal to eliminate the imbalance is as follows: Cost of Goods Sold A/c................................................Dr. $18,950 To manufacturing overhead A/c ..........................................$18,950 Source: (Accounting For Management, 2015) e) Standard Costing Standard costing begins with estimating the costs that can be incurred while performing the business operations. These estimated costs are known as standard costs, because it is linked with the overall efficiency of the operations. Notably, the differences between standard and actual costs are referred as variance (Rao Bargerstock, 2011). Advantages of standard costing system are that it assists in recording each transaction in details. This enables to know about the different processes that takes place in different phases of production (Rao Bargerstock, 2011). The formation of the budgets, in case of standard costing is done on a pre-determined basis. This helps in understanding whether the various materials of production are used efficiently by the organisation. It will help the managers to keep a track of the problems accordingly (John Siambanopoulos, 2015). The difference observed between the actual and predetermined budgets can be used to find the personnel responsible for the variance. Another advantage of standard costing is that it helps in estimating the cost of producing new products. It can also be used for calculating the value of stocks. Standard costing will help Seafarer Kayaks in many ways. The company will be able to sort out the predetermined costs of it inputs that will help to understand whether the actual costs are at par with the predetermined costs. The production manager can hence, adopt the necessary steps that are needed to control the rising costs of production. The analysis also reveals the fact that cost of goods sold is lower than the cost of goods manufactured, which refers that there are unsold stock of kayaks. To reduce the unnecessary costs of unsold stocks, a proper inventory planning mechanism can be adopted by the managers, with the use of the standard costing mechanism. References Accounting For Management 2015, Over or under-applied manufacturing overhead, Explanations, viewed 10 September 2016, https://www.accountingformanagement.org/over-or-under-applied-manufacturing-overhead/ Berger, A 2011, Standard costing, variance analysis and decision-making, GRIN Verlag, Germany. Blocher, E, J, Chen, K, H, Cokins, G Lin, T, W 2006, Cost management: a strategic emphasis, Tata McGraw-Hill Education, India. Chartered Accountants Australia and New Zealand 2016, AASB 102 inventories, Leadership Advocacy, viewed 10 September 2016, https://www.charteredaccountants.com.au/Industry-Topics/Reporting/Australian-accounting-standards/Analysis-of-AASB-standards/AASB-102--Inventories?standard= Commonwealth of Australia 2009, Inventories, Compiled Accounting Standard AASB 102, pp. 1-25. Hilton, R, W, Ramesh, G Jayadev, M 2007, Managerial accounting 7e, Tata McGraw-Hill Education, India. ICWAI 2012, Revised guidance note on cost accounting standard on cost of production for captive consumption (CAS-4), Cost Accounting Standards Board of ICWAI, pp. 2-60. IFRS No Date, International accounting standard 2 inventories, Costs of Conversion, pp.1-2. John Siambanopoulos 2015, MOS 372 - standard costs, The University of Western Ontario, pp. 1-4. Kinney, M, R Raiborn, C, A 2012, Cost accounting: foundations and evolutions, Cengage Learning, USA. Massachusetts Institute of Technology 2016, Standard costs overview, Courses, pp.1-27. Needles, B Crosson, S 2013, Managerial accounting, Cengage Learning, USA. Nimbus 2011, Products, Nimbus Brochure, viewed 10 September 2016, https://www.nimbuskayaks.com/product-menu-page.htm Oracle, 2003, Enterpriseoneproduct costing and manufacturing accounting 8.9 peoplebook. Acrobat, pp. 1-157. Rao, M, H, S Bargerstock, A 2011, Exploring the role of standard costing in lean manufacturing enterprises: a structuration theory approach, Management Accounting Quarterly vol. 13, no. 1, pp. 47-60. Regis University No date, The labor must clearly be associated with a particular job, in order for the labor to be called "direct labor. Accounting, viewed 10 September 2016, https://academic.regis.edu/dbush/accounting/accounting%20help/dl%20dm%20oh/acc_dl_dm_o.htm Shim, J, E Siegel, J, G 2009, Modern cost management analysis, Barron's Online Bookstore, NewYork. US Aid 2007, Product costing and pricing manual for SACCOs, Uganda, pp. 1-19. Walther, L, M Skousen, C, J 2009, Introduction to managerial accounting, Managerial and Cost Accounting, pp. 9-129

The Importance of Market Research in the Healthcare Industry free essay sample

One way to understand a particular consumer market is by studying and evaluating the current marketing techniques of a similar business or organization. Marketing research in healthcare primarily comes from two sources; the primary source is collected feedback from patients and of the secondary source is gained from research and data gathered already existing in the marketplace. Like many industries healthcare is a rapidly involved marketplace sue them marketing research is a continued process. Like any other industry marketing research will help in the strategic planning toward quality healthcare and will provide metrics by which to drive planning direction. â€Å"Various issues like cost analysis, infrastructure, healthcare equipment, health insurance market and hospital services are covered in market research activities. † (Demand for Market Research in Healthcare, 2012). Without marketing research the health care industry would have trouble determining what new project proposals to move forward with and what is becoming outdated. The marketing research is an important strategizing tool to assist with the rising cost of healthcare by focusing their efforts financially by making decisions based on the best market. We will write a custom essay sample on The Importance of Market Research in the Healthcare Industry or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Scorecards are given out to patient once they have left the Virginia Mason healthcare facility. The scorecards are a survey of generalized questions asking the patient to rate their experiences at a recent appointment. This primary source of data that is collected is used to determine the patients’ satisfaction with the level of service the patient receive. This piece of iagnostic functional marketing research is valuable data to the specific healthcare facility the patient last visited because it is specific to his or her experience and location where he or she was a patient at. The data collected can be used to analyze what products or services need reevaluating and possible improvements. The descriptive function of marketing research would be to look at past trends of procedures that are performed within the hospital. This is how the hospital will determine what procedures they do best and what procedures they would like to increase. Managing marketing research will take the information gathered from the descriptive functions and diagnostic functions and use this information and research in a predictive function strategy. The predictive function in marketing research is how the healthcare organization can look at new opportunities and opportunities for improvement based on the predictions from the descriptive and diagnostic research. For most people receiving healthcare is an ongoing need throughout ones life. Therefore, important function of managing marketing research in healthcare knows how to keep repeat patients for all their other healthcare needs. Building a long-term loyalty with patients means more to a healthcare facility that just their repeat service but also the referrals and word of mouth of a patient satisfied with the quality and level of health care the patent received. Keeping the quality of healthcare at a high professional level is also important to minimize the dissatisfaction of a patient because negative feedback can be very damaging to the reputation of a healthcare facility. Like technology healthcare has many advancements and changes that happen quickly. It is important where the marketing research to keep up with the technology advancements in this constantly changing and improving industry. The marketing research can help managers make some predictions based on trends from past technology advancements. It can be difficult and very costly to keep up with all the new technologies so the research should help management to develop an understanding of what will be most cost-effective technology that will help with the patients needs. Marketing research is important in the healthcare industry because the research will help to focus the direction of a healthcare facility and where the healthcare facility should focus based on their target market and patient needs. Focusing the direction and finances will help to eliminate financial waste on projects that will not meet the needs of their patients. References Demand for Market research in Healthcare. (2012). Retrieved from http://globalhealthcarenetwork. com/page/demand-for-market-research-in-healthcare John Wiley Sons, Inc. (2007). Marketing Research. Retrieved from John Wiley Sons, Inc, MKT 441 website.