Sunk Cost-cost that has already been incurred and cannot be avoided no matter what a manager decides to do. A business segment should only be dropped if a company can avoid more in fixed costs than it loses in: contribution margin Which of the following techniques describe how a bottleneck should be managed: Find ways to increase the capacity of the bottleneck‚ ensure there is minimal lost time at the bottleneck due to breakdowns and set-ups‚ focus business process improvement efforts on the bottleneck
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features and functions of different operating systems In this report I will briefly explain about the features and functions of different operating systems. I have chosen to compare windows 7 Mac OS. Windows 7 Windows 7 Microsoft Windows is most commonly used in operating system. Recently the latest version of Windows is released as Windows 8 and it’s commercially available now. There are different editions of Windows 7 available to suit your needs such as (Home Premium‚ Enterprise‚ Ultimate
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Name: Class: Cost Accounting Date: 02.12.2012 Quiz 5 1) Absorption costing: A) expenses marketing costs as cost of goods sold B) treats direct manufacturing costs as a period cost C) includes fixed manufacturing overhead as an inventoriable cost D) is required for internal reports to managers 2) Variable costing: A) expenses administrative costs as cost of goods sold B) treats direct manufacturing costs as a product cost C) includes fixed manufacturing overhead as an inventoriable
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selecting strategies that yield a long-term competitive advantage. 2. Depreciation is an allocation of a sunk cost. This cost is a past cost and will never differ across alternatives. 3. The salary of the supervisor of an assembly line with excess capacity is an example of an irrelevant future cost for an accept-or-reject decision. 4. Past costs can be used to help predict future costs. 5. Yes. Suppose‚ for example‚ that sufficient materials are on hand for producing a part for two years.
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Decision-Making Process An individual ’s decision-making process is an important when it comes to making decisions that can effect one ’s family and way of life. The decision-making process is also a important part of the management structure when associated in the business world today. According to the text there are six important steps in the decision making process. The steps are as follows: (1) identify and diagnose the problem‚ (2) generate alternative solutions‚ (3) evaluate alternatives
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a signal in one form of energy to another form of energy. Energy types include (but are not limited to) electrical‚ mechanical‚ electromagnetic (includinglight)‚ chemical‚ acoustic or thermal energy. While the term transducer commonly implies the use of a sensor/detector‚ any device which converts energy can be considered a transducer. Transducers are widely used in measuring instruments. A sensor is used to detect a parameter in one form and report it in another form of energy‚ often an electrical
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and Critique of COMEX: A Cost Management Expert System Danijela Grahovac and Vladan Devedzic (2010) wrote an article about an expert cost management system called COMEX (cost management expert system). The article offers an explanation of what the system is designed to do and how it assists billing departments within a company in particular. The system assists in the gathering of costing data pertaining to products‚ services and customers (Grahovac & Devedzic‚ 2010). Cost management is vital to
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Cost Allocation University of Phoenix Accounting in Healthcare ACC561 December 12‚ 2010 Cost Allocation Transfer Pricing [pic] [pic] Transfer pricing is a value attached to the output of a department to measure the value of the trade with other departments within the organization. Transfer prices will not affect the organization’s profit results. This contributes directly to the process of departmental performance measurement and indirectly to the measurement of a product
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Determination of per Unit Total Costs. The estimated unit costs for Hoteling Industries‚ when operating at a production and sales level of 10‚000 units‚ are as follows: Cost Item Estimated Unit Cost Direct materials $15 Direct labor 10 Variable factory overhead 8 Fixed factory overhead 5 Variable marketing 4 Fixed marketing 3 Required: (1) Identify the estimated conversion cost per unit. (2) Identify the estimated prime cost per unit. (3) Determine the estimated total variable cost per unit. (4) Compute
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Introduction: Our case study is on the Columbia City Bank. First of all we would like to talk about the general inner workings of a bank. A bank generates a profit from the differential between the level of interest it pays for deposits and other sources of funds‚ and the level of interest it charges in its lending activities. In recent history‚ investors have demanded a more stable revenue stream and banks have therefore placed more emphasis on transaction fees‚ primarily loan fees but also
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