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George gave trainees information about negotiation skills and then asked them to role-play how they would respond to different situations in the workplace.At the end of the training the participants learnt new ways to behave in negotiations.George used the principles of the cognitive orientation to learning.
Process Costing
A costing method used in manufacturing where costs are assigned to batches or lots of products, suitable for continuous or repetitive processes.
Conversion Costs
Conversion costs are the costs required to convert raw materials into finished products, including both direct labor costs and manufacturing overhead costs.
Equivalent Units
A concept in cost accounting used to express the amount of work done by an incomplete process on units of output, making partial units comparable to complete units.
Process Costing
An accounting methodology used for homogenous products that averages production costs over all units produced.
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