submit a price for an order for 2‚500 units of GX1. The company only makes GX1 to order and currently has no other orders in process. The production requirements for GX1 are as follows: Materials: Three types of material are used in production: Amount Cost Resale Current used per unit price value price to buy Material A 12kg £2.50 £1.00 £2.75 Material B 4kg £7.00 £5.50 £8.50 Material C 6kg - £6.50 - Material A is used extensively throughout the company’s
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Chapter 4: Costs and Cost Minimization Multiple Choice 1. Suppose you are a star basketball player at a major university in your sophomore year. You are sought after by several NBA teams. Which of the following choices best characterizes your opportunity cost if you choose to drop out of college and enter the NBA? a) The value of your college scholarship that you have given up. b) The skills that two more years of playing at your college would have given you along with their additional value
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COSTING SUPPORT AND COST CONTROL IN MANUFACTURING A COST ESTIMATION TOOL APPLIED IN THE SHEET METAL DOMAIN PROEFSCHRIFT ter verkrijging van de graad van doctor aan de Universiteit Twente‚ op gezag van de rector magnificus‚ prof.dr. F.A. van Vught‚ volgens besluit van het College voor Promoties in het openbaar te verdedigen op vrijdag 3 mei 2002 te 15.00 uur. door Erik ten Brinke geboren op 15 maart 1973 te Hardenberg Dit proefschrift is goedgekeurd door: de promotor prof.dr.ir. H
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people feel that they need to make up information and facts to win the hearts of the selected audience. For example a politician making up affair stories about another‚ rival politician to win votes. However‚ it is highly advised not to do this as if you are found out all your current and future credibility is lost. Only facts should be used to convey messages as evidence. The difference between facts and opinions should be present and clear‚ also having strong and
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Evolution of the Lean System from the IE Perspective Abstract— Reading the six books recommended by our professor to illustrate the historical evolution of lean systems‚ I have found the book The Machine that Changed the World by Womack‚ Jones and Roos to be the most informative. This book demonstrated the roots of lean systems to where it is being applied today. The first one‚ craft manufacturing‚ focused mainly on providing exactly what customers ask for regardless of the cost and paying little
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Read the instructions before answering the questions. Enter your answers in the space provided. The table will grow to accommodate your answer. Do not edit any other part of the document. This is worth 10% of the final mark for the course. Each answer will receive 5 marks for a total of 100. Answers should be brief (one or two sentences are sufficient for a “brief explanation”) and should be written in proper English. You are expected to use the spell-checker. Marks will be deducted if the answer
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My parents are about 5’5 and my sisters are about 5’3‚ while I am about 6’1. I don’t know where I get my height from‚ but when I look at my cousins from my dad’s side every single one of the guys are just about 6’0 or higher and the tallest being 6’6. I have about 30 male cousins on my dad’s side. Also my grandfather from my mom’s side is 6’1‚ so I guess I got some of the height from him also. I actually like being tall though because I play basketball and a point guard is usually somewhere between
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Unit 3 P1 - Explain potential hazards and the harm that may arise from each in a health or social care setting Relating to the physical environment; If you were in a care setting e.g. Residential home‚ and the ventilation stopped working‚ or was not working as it should do. For example if some of the residents had an illness that could be passed on through air‚ then the probability is that all the residents and also staff would end up with the illness this is an acquired infection. Equipment;
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Cost Accounting Chapter Module-1 - Introduction to Cost Accounting Definition Cost: - Generally cost refers to all expenses incurred in producing a product or rendering service. But‚ from the cost accounting point of view “Cost is a normal sacrifice of resources in the creation of product or services”. Costing: - Costing is defined as “the technique and process of ascertaining cost of a given thing”. According to CIMA it is defined as “the establishment of budgets‚ standard‚ costs and
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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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