ECO550 Week 4 Discussion 1 and 2 Name Course University 5/3/2014 Question 1 "Production Economics" Please respond to the following: From the scenario for Katrina’s Candies‚ determine the relevant costs for the expansion decision‚ and distinguish between the short run and the long run costs. Recommend the key decision-making criteria that Katrina’s Candies should use for expansion decisions in the short run and in the long run. Provide rationale for your response. Given that Katrina’s candies
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Cost of Quality (COQ) "The cost of quality." It’s a term that’s widely used – and widely misunderstood. The "cost of quality" isn’t the price of creating a quality product or service. It’s the cost of NOT creating a quality product or service. Every time work is redone‚ the cost of quality increases. Obvious examples include: The reworking of a manufactured item. The retesting of an assembly. The rebuilding of a tool. The correction of a bank statement. The reworking of a service‚ such as
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Group Influence Myra Cheung PSY400 May 4‚ 2015 Instructor Carla Kuhlman Part I 1. “How were the people arranged in the physical environment (layout of room and seating arrangement)?” (UOP PSY400‚ 2015) The meeting was held in the living room of one of the board members of the Family Readiness Group for the military command. The environment of the location that the meeting was being held was inviting and warm and there were no particular seating arrangements for the group members
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Q1. Tamira could have taken several other courses of action besides the choice she made to estimate the expense accruals and keeping this information from the President. Firstly‚ she could have told the President that there was not enough time before the meeting with the bank to prepare accurate financial statements that could be relied upon by the bank in making its financing decision regarding Picton. She also could have inserted footnotes with each adjusting entry that she estimated‚ so both the
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use of a single burden rate. Burden costs of the testing rooms as well as other costs such as admin were grouped into a single cost pool and then divided by the total labor dollars. This resulted to a single burden rate of 145% of direct labor dollars (cost driver). This method is not appropriate for Seligram because the information on the case present that direct labor hours and machine hours vary by product line and activity. In addition‚ the burden cost of the main and test room also significantly
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/the settings practice. Please remember you must show your own knowledge and practice do not copy what is in your research materials. Plagiarism is taken seriously. Task 1 links to learning outcome 2‚ assessment criteria 2.3 A) an explanation of how current practice is influenced by the theories of the following (give an explanation of what each theory means e.g. what is cognitive theory‚ then explain each theorists theory and then explain how this is used in current practice today or not) (useful
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THE COST AND SALES CONCEPT Cost is defined as a reduction in the value of an asset for the purpose of securing benefit or gain. Cost is defined in a hotel and restaurant as the expense to a hotel or restaurant for goods or services when the goods are consumed or the services are rendered. KINDS OF COSTS 1. Fixed costs – are those that are normally unaffected by changes in sales volume. They are said to have little direct relationship to the business volume because they do not change
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Problem 2-43 (35 minutes) 1. San Fernando Fashions Company Schedule of Cost of Goods Manufactured For the Year Ended December 31‚ 20x2 Direct material: Raw-material inventory‚ January 1 $ 40‚000 Add: Purchases of raw material 180‚000 Raw material available for use $220‚000 Deduct: Raw-material inventory‚ December 31 25‚000 Raw material used $195‚000 Direct labor 200‚000 Manufacturing overhead: Indirect material
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Q4 A5 how might the teaching assistant encourage independence in the development of ICT skills ? Independent learning skills are essential in the preparation for life. Independent learning skills promote pupils ability in reviewing‚ recording and reflecting on their learning. It also encourages independence in problem solving‚ decision making and organisation. To promote independence the teaching assistant should set the children tasks to complete without adult intervention. A whole school
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Biyani’s Think Tank Concept based notes Cost Accounting [ B.Com. Part-II] B.N. Gaur MBA‚ PGDBM‚ Lecturer Deptt. of Commerce & Management Biyani Girls College‚ Jaipur Fore more detail:- http://www.gurukpo.com Published by : Think Tanks Biyani Group of Colleges Concept & Copyright : ©Biyani Shikshan Samiti Sector-3‚ Vidhyadhar Nagar‚ Jaipur-302 023 (Rajasthan) Ph : 0141-2338371‚ 2338591-95 • Fax : 0141-2338007 E-mail : acad@biyanicolleges.org Website :www.gurukpo.com; www
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