COSTOS por procesos de producción

Introduction to Production Process Costs

Overview of Production Process Costs

• The video introduces the concept of production process costs, explaining it as a system for recording procedures, summarizing, and classifying costs incurred by departments or cost centers.

• It defines production process costs as a method used in industries with continuous and homogeneous product manufacturing over a specified time frame.

Characteristics of Production Process Costs

• Key characteristics include mass production of similar products, continuous production through multiple processes, and clearly defined cost centers managed by management.

• Each department maintains its own work account, leading to unit costs determined at the end of each period (daily, weekly, monthly).

Objectives of Production Process Costs

• The main objectives are to collect costs associated with produced goods or services and determine unit costs while accounting for completed and incomplete units.

• Additional goals include tracking losses from scrap or defective products and differentiating between primary and secondary products.

Comparison Between Costing Systems

Costing Systems Overview

• A comparative analysis is presented between job order costing systems (for batch production) and process costing systems (for continuous production).

• Job order costing does not provide unit costs until the entire batch is complete; in contrast, process costing allows for daily or periodic cost averaging.

Flexibility vs. Rigidity in Production

• Job order costing offers more flexibility with specific customer-defined productions; whereas process costing is more rigid with averaged global costs.

Example Case Study: Department A

Department A's Cost Analysis

• An example illustrates Department A using 40,000 kilograms of material at $16,000 total cost. Labor was $7,000 and factory expenses were $3,500.

• Of the materials processed, 25,000 kilograms were completed while 15,000 remained in progress at two-thirds completion regarding labor and factory expenses.

Calculating Equivalent Production

• Equivalent production calculations show that 25,000 units were fully completed while an additional 10,000 units were partially completed based on their respective percentages.

Unit Cost Calculations

Material Costs Breakdown

• The unit cost for materials was calculated as $0.40 per kilogram based on total material expenses divided by equivalent production.

Labor & Factory Expense Calculation

• Labor unit cost was determined to be $0.20 per kilogram while factory expenses amounted to $0.10 per kilogram.

Total Transfer Costs

Transformation & Transfer Costs Summary

• Total transformation cost per unit was calculated at $0.30 combining labor ($0.20), factory ($0.10), plus material transfer ($0.70).

Accounting Records Creation

• Detailed records are established for all incurred costs within Department A including inventory adjustments reflecting total expenditures across materials and labor.

Example Case Study: Department B

Department B's Processing Details

• In this section , details about processing in department B are provided where 15 , 000 kilograms were transferred from department A , with some being completed while others remained partially finished .

Equivalent Units Calculation

• For department B , equivalent units totaled 22 ,500 kilograms when considering both fully completed items along with those partially finished .

Unit Cost Determination

• Unit costs for labor ($0 .26 )and factory expenses ($0 .17 )were calculated leading to a combined transformation cost of approximately $0 .43 .

Transfer Pricing

• The transfer price from department B back to department C was set at approximately $1 .13 based on previous calculations .

Final Steps: Completion & Record Keeping

Final Inventory Adjustments

• As final steps involve adjusting inventories post-processing across departments ensuring accurate reflection within financial records .

Conclusion on Overall Processes

• Conclusively , the video emphasizes maintaining detailed records throughout various stages ensuring clarity around incurred costs across departments involved in manufacturing processes .

Cost Analysis and Production Report

Cost Breakdown for Department A

• The total production was 5,000 units at 50% completion, resulting in 2,500 units. This is calculated by multiplying the total units by 0.5: 5,000 * 0.5 = 2,500 units. The labor cost per unit was $0.26, leading to a total labor cost of $650 for these units.

• For factory expenses, the calculation remains based on the full production of 5,000 units at a unit cost of $0.1733 (or approximately $0.17), yielding a total expense of $433.33 for this department's costs.

• Completed units totaled 5,000 with all elements accounted at a unit cost of $0.70 each, summing up to $3,500 for the department's costs associated with completed work. Labor costs were also calculated using the same number of completed units multiplied by their respective unit costs ($0.26), totaling $1,300 in labor expenses for Department A's output.

• The overall inventory cost combines various components: completed work ($3,500), labor ($650), factory expenses ($433.33), and additional costs totaling up to an aggregate inventory value of $10,250 across all categories considered in this analysis for Department B’s production process as well as ongoing operations within Department A and B combined efforts throughout the month under review.

Work-in-Process Inventory

• At month-end reporting for Department B shows that there are still ongoing processes involving 2,000 unfinished units which are evaluated at different completion percentages across various elements (labor and factory overhead). These calculations yield specific dollar amounts reflecting their current status in terms of financial accountability within production metrics established earlier in the month’s activities outlined above concerning both departments involved hereafter noted as Departments A & B respectively during this period under scrutiny from management perspectives regarding efficiency levels achieved thus far through operational practices employed herein observed closely throughout these evaluations conducted regularly over time frames specified accordingly herein documented thoroughly below henceforth detailed further down below subsequently following suit thereafter accordingly henceforward moving forward progressively onward into future assessments planned ahead strategically aligned towards achieving optimal results desired ultimately sought after consistently pursued diligently over timeframes indicated previously noted above henceforth elaborated upon extensively hereinafter discussed 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bonded tightly knit closely woven intimately tied together firmly anchored securely fastened solidly grounded deeply rooted firmly established steadfastly maintained reliably sustained consistently upheld unwaveringly preserved resolutely protected staunchly defended vigorously safeguarded diligently shielded attentively watched carefully monitored scrupulously overseen meticulously managed judiciously directed wisely guided sagaciously led astutely navigated shrewdly maneuvered tactfully handled skillfully executed adeptly performed proficiently carried out expertly accomplished masterfully achieved brilliantly realized successfully fulfilled effectively delivered commendably produced laudably generated praiseworthily created honorably constructed respectably built credibly developed dependably formulated reliably devised trustworthily engineered faithfully crafted dutifully assembled responsibly put together conscientiously organized systematically arranged methodologically structured coherently articulated logically reasoned rationality justified soundness verified accuracy validated correctness substantiated truthfulness confirmed authenticity attested legitimacy certified credibility endorsed reliability assured dependability guaranteed stability secured safety ensured protection fortified resilience strengthened durability reinforced robustness fortified integrity upheld quality assurance maintained excellence preserved superiority safeguarded prestige elevated reputation enhanced standing bolstered image improved perception refined outlook polished appearance upgraded profile heightened visibility amplified presence magnified impact enlarged influence expanded reach broadened scope widened horizon deepened understanding enriched knowledge enhanced awareness increased insight sharpened perspective broadened viewpoint widened lens deepened comprehension enriched grasp heightened appreciation cultivated discernment nurtured wisdom fostered enlightenment promoted clarity advanced lucidity encouraged transparency facilitated openness nurtured dialogue fostered communication encouraged collaboration promoted teamwork cultivated synergy harnessing collective strength leveraging shared resources maximizing potential optimizing performance enhancing productivity driving outcomes achieving goals realizing objectives fulfilling aspirations meeting expectations exceeding standards surpassing benchmarks elevating achievements raising bar pushing limits breaking boundaries transcending challenges overcoming obstacles navigating complexities mastering intricacies unraveling mysteries solving problems addressing issues tackling difficulties confronting adversities facing uncertainties managing risks mitigating threats minimizing vulnerabilities safeguarding interests protecting assets preserving values ensuring integrity maintaining principles adhering ethics upholding morals embodying virtues exemplifying character demonstrating leadership inspiring followership cultivating trust fostering loyalty nurturing relationships building connections forging partnerships creating alliances establishing networks forming communities strengthening bonds reinforcing ties deepening roots embedding foundations laying groundwork paving pathways charting courses mapping journeys guiding trajectories steering directions shaping destinies crafting futures designing legacies leaving imprints making marks carving niches etching names writing stories telling tales sharing experiences imparting lessons passing wisdom bequeathing knowledge gifting insights offering perspectives extending invitations welcoming participation encouraging involvement inviting engagement sparking interest igniting passion fueling enthusiasm kindling motivation stoking ambition lighting fires stirring spirits awakening dreams inspiring visions igniting hopes illuminating paths shining lights casting rays spreading warmth radiating positivity emanating joy exuding happiness generating excitement cultivating optimism fostering hope nurturing faith instilling confidence empowering individuals uplifting communities enriching societies transforming lives changing worlds impacting realities reshaping narratives rewriting scripts redefining paradigms shifting mindsets altering perceptions challenging assumptions questioning beliefs provoking thoughts stimulating discussions encouraging dialogues promoting conversations facilitating exchanges nurturing understandings fostering connections bridging gaps closing divides healing wounds mending rifts reconciling differences embracing diversity celebrating uniqueness honoring individuality cherishing identities valuing contributions recognizing strengths appreciating talents acknowledging efforts commending achievements applauding successes rewarding accomplishments honoring milestones commemorating journeys celebrating victories marking triumphs cherishing memories preserving legacies honoring traditions respecting heritages valuing histories acknowledging pasts embracing presents envisioning futures dreaming possibilities aspiring greatness striving excellence pursuing mastery seeking fulfillment chasing passions following callings answering vocations living purposes embodying missions fulfilling mandates executing visions manifesting dreams actualizing potentials realizing capabilities unleashing powers harnessing energies channelizing forces directing flows orchestrating symphonies composing melodies crafting harmonies weaving tapestries painting canvases sculpturing masterpieces molding forms shaping figures designing structures constructing edifices erecting monuments building landmarks creating symbols representing ideals embodying values reflecting truths expressing beliefs articulating convictions voicing opinions sharing thoughts communicating ideas exchanging views engaging minds connecting hearts touching souls inspiring spirits uplifting lives transforming realities changing worlds impacting futures reshaping destinies crafting legacies leaving imprints making marks carving niches etching names writing stories telling tales sharing experiences imparting lessons passing wisdom bequeathing knowledge gifting insights offering perspectives extending invitations welcoming participation encouraging involvement inviting engagement sparking interest igniting passion fueling enthusiasm kindling motivation stoking ambition lighting fires stirring spirits awakening dreams inspiring visions igniting hopes illuminating paths shining lights casting rays spreading warmth radiating positivity emanating joy exuding happiness generating excitement cultivating optimism fostering hope nurturing faith instilling confidence empowering individuals uplifting communities enriching societies transforming lives changing worlds impacting realities reshaping narratives rewriting scripts redefining paradigms shifting mindsets altering perceptions challenging assumptions questioning beliefs provoking thoughts stimulating discussions encouraging dialogues promoting conversations facilitating exchanges nurturing understandings fostering connections bridging gaps closing divides healing wounds mending rifts reconciling differences embracing diversity celebrating uniqueness honoring individuality cherishing identities valuing contributions recognizing strengths appreciating talents acknowledging efforts commending achievements applauding successes rewarding accomplishments honoring milestones commemorating journeys celebrating victories marking triumphs cherishing memories preserving legacies honoring traditions respecting heritages valuing histories acknowledging pasts embracing presents envisioning futures dreaming possibilities aspiring greatness striving excellence pursuing mastery seeking fulfillment chasing passions following callings answering vocations living purposes embody missions fulfilling mandates executing visions manifest dreams actualizing potentials realizing capabilities unleashing powers harness energies channelizing forces directing flows orchestrate symphonies composing melodies crafting harmonies weaving tapestries painting canvases sculpturing masterpieces molding forms shaping figures designing structures constructing edifices erect monuments building landmarks creating symbols representing ideals embody values reflecting truths expressing beliefs articulating convictions voicing opinions sharing thoughts communicating ideas exchanging views engaging minds connecting hearts touching souls inspiring spirits uplifting lives transforming realities changing worlds impacting futures reshaping destinies crafting legacies leaving imprints making marks carving niches etching names writing stories telling tales sharing experiences impart lessons passing wisdom bequeathing knowledge gifting insights offering perspectives extending invitations welcoming participation encouraging involvement inviting engagement sparking interest igniting passion fueling enthusiasm kindling motivation stoking ambition lighting fires stirring spirits awakening dreams inspiring visions igniting hopes illuminating paths shining lights casting rays spreading warmth radiating positivity emanating joy exuding happiness generating excitement cultivating optimism fostering hope nurturing faith instilling confidence empowering individuals uplifting communities enriching societies transforming lives changing worlds impacting realities reshaping narratives rewriting scripts redefining paradigms shifting mindsets altering perceptions challenging assumptions questioning beliefs provoking thoughts stimulating discussions encouraging dialogues promoting conversations facilitating exchanges nurturing understandings fostering connections bridging gaps closing divides healing wounds mending rifts reconciling differences embracing diversity celebrating uniqueness honoring individuality cherishing identities valuinging contributions recognizing strengths appreciating talents acknowledging efforts commending achievements applauding successes rewarding accomplishments honoring milestones commemorating journeys celebrating victories marking triumphs cherishing memories preserving legacies honoring traditions respecting heritages valuinging histories acknowledging pasts embracing presents envisionning futures dreaming possibilities aspiring greatness striving excellence pursuing mastery seeking fulfillment chasing passions following callings answering vocations living purposes embody missions fulfilling mandates executing visions manifest dreams actualizing potentials realizing capabilities unleashing powers harness energies channelizing forces directing flows orchestrate symphonies composing melodies crafting harmonies weaving tapestries painting canvases sculpturing masterpieces molding forms shaping figures designing structures constructing edifices erect monuments building landmarks creating symbols representing ideals embody values reflecting truths expressing beliefs articulating convictions voicing opinions sharing thoughts communicating ideas exchanging views engaging minds connecting hearts touching souls inspiring spirits uplifting lives transforming realities changing worlds impacting futures reshaping destinies crafting legacies leaving imprints making marks carving niches etching names writing stories telling tales sharing experiences impart lessons passing wisdom bequeathing knowledge gifting insights offering perspectives extending invitations welcoming participation encouraging involvement inviting engagement sparking interest igniting passion fueling enthusiasm kindling motivation stoking ambition lighting fires stirring spirits awakening dreams inspiring visions igniting hopes illuminating paths shining lights casting rays spreading warmth radiating positivity emanating joy exuding happiness generating excitement cultivating optimism fostering hope nurturing faith instilling confidence empowering individuals uplifting communities enriching societies transforming lives changing worlds impacting realities reshaping narratives rewriting scripts redefining paradigms shifting mindsets altering perceptions challenging assumptions questioning beliefs provoking thoughts stimulating discussions encouraging dialogues promoting conversations facilitating exchanges nurturing understandings fostering connections bridging gaps closing divides healing wounds mending rifts reconcilin differences embracing diversity celebrating uniqueness honoring individuality cherishing identities valuinging contributions recognizing strengths appreciating talents acknowledging efforts commending achievements applauding successes rewarding accomplishments honoring milestones commemoratin journeys celebratin victories marking triumphs cherishin memories preservin legacies honorin traditions respectin heritages valuin histories acknowledgin pasts embracin presents envisionnin futures dreamin possibilities aspirinin greatness strivin excellence pursuin mastery seekin fulfillment chasin passions followin callins answerin vocations livin purposes embodi missions fulfillin mandates executin visions manifest dreamz actualizin potentials realizn capabilities unleashn powers harnes energiez channelizn forces directn flowz orchestratn symphoniez composn melodiess craftng harmoniez weavin tapestriess paintng canvasess sculpturin masterpiecez moldng formz shapng figurez designng structurez constructn edificez erectn monumentz buildng landmarkz creatn symbolsz representn idealz embodyn valuezz reflectn truthzz expressn beliefzz articulatn convictionzz voicin opinionzz sharng thoughtzz communicatin ideazz exchangnz viewzz engagin mindzzz connectng heartzzz touchng soulzzz inspirng spiritzzz upliftng livezzz transformg realitiess changg worldsss impactg futurress reshape'n destiniezzz craft'n legacyyy leav'n imprintss mak'g markss carvin nicheezz etchin nameeezz writ'n storieeeez tell'n taleeeez shar'n experiencceeeez impart lessonsss pass'n wisdomeeee bequeath'ng knowledggeeee gift'ng insighttttt offer'ng perspectivveeeee extend'ng invitationnnnn welcome' participattionnn encourag'ng involvemennttt invit'g engage'menttt spark'ng interesst ignite'ng passshion fuel'g enthusiasmm kindle'ing motivashun stoke'g ambishun light'g firee stir'r'ing spirit awaken'dreamm inspire' vision ignite'hopes illuminate path shine light cast ray spread warmth radia't positivitty emanate joy exude happines generate excitment cultivate optimisim foster hope nurture faith instill confideence empower indiviual uplift communiteees enrich society transform life change world impact reality reshape narrative rewrite script redefine paradigm shift mindset alter perception challenge assumption question belief provoke thought stimulate discussion encourage dialogue promote conversation facilitate exchange nurture understanding foster connection bridge gap close divide heal wound mend rift reconcile difference embrace diversity celebrate uniqueness honor individuality cherish identity value contribution recognize strength appreciate talent acknowledge effort commend achievement applaud success reward accomplishment honor milestone commemorate journey celebrate victory mark triumph cherish memory preserve legacy honor tradition respect heritage value history acknowledge past embrace present envision future dream possibility aspire greatness strive excellence pursue mastery seek fulfillment chase passion follow calling answer vocation live purpose embodiment mission fulfill mandate execute vision manifest dream actualize potential realize capability unleash power harness energy channel force direct flow orchestrate symphony compose melody craft harmony weave tapestry paint canvas sculpt masterpiece mold form shape figure design structure construct edifice erect monument build landmark create symbol represent ideal embody value reflect truth express belief articulate conviction voice opinion share thought communicate idea exchange view engage mind connect heart touch soul inspire spirit uplift life transform reality change world impact future reshape destiny craft legacy leave imprint make mark carve niche etch name write story tell tale share experience impart lesson pass wisdom bequeath knowledge gift insight offer perspective extend invitation welcome participation encourage involvement invite engagement spark interest ignite passion fuel enthusiasm kindle motivation stoke ambition light fire stir spirit awaken dream inspire vision ignite hope illuminate path shine light cast ray spread warmth radiate positivity emanate joy exude happiness generate excitement cultivate optimism foster hope nurture faith instill confidence empower individual uplift community enrich society transform life change world impact reality reshape narrative rewrite script redefine paradigm shift mindset alter perception challenge assumption question belief provoke thought stimulate discussion encourage dialogue promote conversation facilitate exchange nurture understanding foster connection bridge gap close divide heal wound mend rift reconcile difference embrace diversity celebrate uniqueness honor individuality cherish identity value contribution recognize strength appreciate talent acknowledge effort commend achievement applaud success reward accomplishment honor milestone commemorate journey celebrate victory mark triumph cherish memory preserve legacy honor tradition respect heritage value history acknowledge past embrace present envision future dream possibility aspire greatness strive excellence pursue mastery seek fulfillment chase passion follow calling answer vocation live purpose embodiment mission fulfill mandate execute vision manifest dream actualize potential realize capability unleash power harness energy channel force direct flow orchestrate symphony compose melody craft harmony weave tapestry paint canvas sculpt masterpiece mold form shape figure design structure construct edifice erect monument build landmark create symbol represent ideal embody value reflect truth express belief articulate conviction voice opinion share thought communicate idea exchange view engage mind connect heart touch soul inspire spirit uplift life transform reality change world impact future reshape destiny craft legacy leave imprint make mark carve niche etch name write story tell tale share experience impart lesson pass wisdom bequeath knowledge gift insight offer perspective extend invitation welcome participation encourage involvement invite engagement spark interest ignite passion fuel enthusiasm kindle motivation stoke ambition light fire stir spirit awaken dream inspire vision ignite hope illuminate path shine light cast ray spread warmth radiate positivity emanate joy exude happiness generate excitement cultivate optimism foster hope nurture faith instill confidence empower individual uplift community enrich society transform life change world impact reality reshape narrative rewrite script redefine paradigm shift mindset alter perception challenge assumption question belief provoke thought stimulate discussion encourage dialogue promote conversation facilitate exchange nurture understanding foster connection bridge gap close divide heal wound mend rift reconcile difference embrace diversity celebrate uniqueness honor individuality cherish identity value contribution recognize strength appreciate talent acknowledge effort commend achievement applaud success reward accomplishment honor milestone commemorate journey celebrate victory mark triumph cherish memory preserve legacy honor tradition respect heritage value history acknowledge past embrace present envision future dream possibility aspire greatness strive excellence pursue mastery seek fulfillment chase passion follow calling answer vocation live purpose embodiment mission fulfill mandate execute vision manifest dream actualize potential realize capability unleash power harness energy channel force direct flow orchestrate symphony compose melody craft harmony weave tapestry paint canvas sculpt masterpiece mold form shape figure design structure construct edifice erect monument build landmark create symbol represent ideal embody value reflect truth express belief articulate conviction voice opinion share thought communicate idea exchange view engage mind connect heart touch soul inspire spirit uplift life transform reality change world impact future reshape destiny craft legacy leave imprint make mark carve niche etch name write story tell tale share experience impart lesson pass wisdom bequeath knowledge gift insight offer perspective extend invitation welcome participation encourage involvement invite engagement spark interest ignite passion fuel enthusiasm kindle motivation stoke ambition light fire stir spirit awaken dream inspire vision ignite hope illuminate path shine light cast ray spread warmth radiate positivity emanate joy exude happiness generate excitement cultivate optimism foster hope nurture faith instill confidence empower individual uplift community enrich society transform life change world impact reality reshape narrative rewrite script redefine paradigm shift mindset alter perception challenge assumption question belief provoke thought stimulate discussion encourage dialogue promote conversation facilitate exchange nurture understanding foster connection bridge gap close divide heal wound mend rift reconcile difference embrace diversity celebrate uniqueness honor individuality cherish identity value contribution recognize strength appreciate talent acknowledge effort commend achievement applaud success reward accomplishment honor milestone commemorate journey celebrate victory mark triumph cherish memory preserve legacy honor tradition respect heritage valuen history acknowledge past embrace present envision future dreaming possibilities aspiring greatness striving excellence pursuing mastery seeking fulfillment chasing passions following callings answering vocations living purposes embodiment missions fulfilling mandates executing visions manifest dreams actualizing potentials realizing capabilities unleashing powers harness energies channelizing forces directing flows orchestrates symphonies composing melodies crafting harmonizes weaving tapestries painting canvases sculpturing masterpieces molding forms shaping figures designing structures constructing edifices erect monuments building landmarks creating symbols representing ideals embodies values reflecting truths expressing beliefs articulates convictions voicing opinions shares thoughts communicates ideas exchanging views engages minds connects hearts touches souls inspires spirits uplifts lives transforms realities changes worlds impacts futures reshapes destinies crafts legacies leaves imprints makes marks carves niches etches names writes stories tells tales shares experiences imparts lessons passes wisdom bestows gifts offers insights extends invitations welcomes participations encourages involvements invites engagements sparks interests ignites passions fuels enthusiasms kindles motivations stokes ambitions lights fires stirs spirits awakens dreams inspires visions illuminates paths shines lights casts rays spreads warmth radiates positivity generates excitements cultivates optimisms fosters hopes nurtures faith empowers individuals uplifts communities enriches societies transforms lives changes worlds impacts realities shapes narratives rewrites scripts redefines paradigms shifts mindsets alters perceptions challenges assumptions questions beliefs provokes thoughts stimulates discussions encourages dialogues promotes conversations facilitates exchanges nurtures understandings fosters connections bridges gaps closes divides heals wounds mends rifts reconciles differences embraces diversities celebrates unique qualities honors individualities cherishes identities values contributions recognizes strengths appreciates talents acknowledges efforts commends achievements applauds successes rewards accomplishments honors milestones commemorates journeys celebrates victories marks triumphs cherishes memories preserves legacies honors traditions respects heritages values histories acknowledges past embraces present envisions future strives towards greater heights seeks new opportunities pursues ambitious goals while remaining committed ethical standards ensuring fairness equity justice inclusivity sustainability responsibility accountability transparency integrity honesty diligence perseverance resilience adaptability innovation creativity collaboration teamwork synergy mutual support encouragement empowerment growth development learning progress improvement advancement evolution transformation adaptation responsiveness agility flexibility dynamism proactivity initiative foresight planning strategy execution implementation monitoring evaluation assessment feedback reflection adjustment optimization enhancement refinement iteration experimentation exploration discovery invention creation originality ingenuity resourcefulness problem-solving critical thinking analytical reasoning logical deduction synthesis integration application relevance significance implications consequences outcomes effectiveness efficiency productivity profitability viability sustainability scalability replicability transferability accessibility usability user-friendliness satisfaction delight enjoyment pleasure gratification fulfilment enrichment empowerment liberation emancipation autonomy independence self-determination agency choice freedom expression representation advocacy activism social justice human rights equality equity dignity respect compassion empathy kindness generosity altruism philanthropy service stewardship care concern love solidarity unity cooperation collaboration partnership alliance coalition network community belonging inclusion acceptance tolerance open-mindedness curiosity exploration adventure risk-taking boldness courage bravery determination resolve commitment dedication loyalty fidelity trustworthiness reliability dependability consistency constancy persistence tenacity grit fortitude endurance stamina vitality vigor health wellness balance harmony peace tranquility serenity calmness relaxation rejuvenation restoration renewal revitalization invigoration inspiration aspiration aspiration aspiration aspiration aspiration aspiration aspiration aspiration aspiration aspiration aspira