03-07-2024, 02:05 PM
(03-07-2024, 12:37 PM)Oyk Wrote: Anybody who has even a basic knowledge of Cost Accounting knows the selling price of any product, bit it mee pok tar or a smartphone, is made up of the following:
1. Raw materials
2. Direct Labour
3. Overheads which include rent, indirect labour, etc
4. Profit or Loss ( Loss if the seller is selling below cost)
The first 3 items add up to form the Cost of the Product. Rental is only one component of overheads, and those who have ever seen a Profit and Loss Account (or Income Statement as the Americans call it), will see a long list of overhead items lorh.
So, she is right but the trouble with speaking to an educated audience in Parliament using jargon and language which even Jamus Lim would agree is that when it goes out of Parliament, lay peepur end up misunderstanding her.... She was not wrong as far as what she had said was concerned but wrong to assume that outside of Parliament, she wouldn't be misunderstood. She made a political mistake. Already here, the TS mischievously omitted the word "directly" to spread disinformation.
She does not speak using common sense. Nothing to do with educated or uneducated audience lah. Stop trying to smoke people.