Alison’s Coffee Shop Quiz 1 1. Who is the person in the case that is the decision maker and what is her role? 26 Year old Alison Lewis is the person in the case currently in the marketing department for Cameco. Born and raised in Martensville‚ Saskatchewan‚ she graduated with a Bachelor’s degree in marketing and did very well in University. (Graham 12) Alison‚ a potential entrepreneur has a good background in the coffee industry and she is driven with ambition and passion‚ not to mention locality
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11. A total variance is best defined as the difference between total a. actual cost and total cost applied for the standard output of the period. b. standard cost and total cost applied to production. c. actual cost and total standard cost of the actual input of the period. d. actual cost and total cost applied for the actual output of the period. 12. The term “standard hours allowed” measures a. budgeted output at actual hours. b. budgeted output at standard hours. c. actual output
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so apparently I have to submit a document to get free access to this site so here’s a copy and paste wiki entry of wallnuts enjoy A walnut is an edible seed of any tree of the genus Juglans (Family Juglandaceae)‚ especially the Persian or English walnut‚ Juglans regia. Broken nutmeats of the eastern black walnut from the tree Juglans nigra are also commercially available in small quantities‚ as are foods prepared with butternut nutmeats from Juglans cinerea. Walnut seeds are a high density
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Cost Allocations & Activity Based Costing (ABC) Abstract The cost allocation is a process of assigning costs to different activities. There is several methodology of cost allocation. The cost driver allocates costs into different activities and locations. Health organizations use different allocation methods according to their needs to attain organization and profitability. The purpose of allocation is to make the understanding
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Selective attention is the ability to focus on one specific source of information while ignoring other stimuli. In the coffee shop example being able to screen out surrounding noises to focus on one stimuli‚ listening to the clanking of coffee cups while at the same time listening to the couple gossiping about their friend who happens to have your same name are all factors of divided attention. Inattention blindness is also at play since you are listening to the conversation between the couple but
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SITUATION ANALYSIS I. Organizational Mission This Specialty Coffee Shop aims to ensure prompt‚ professional‚ friendly and courteous service to every customer in a comfortable‚ clean and well-maintained premise while serving quality coffee‚ drinks and food made from fresh and nutritious ingredients in line with the store’s objective of being the best in this industry within the local market. Additionally‚ each individual‚ whether guest or staff should be treated with the dignity and respect they
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Direct Cost 2. Indirect Cost 3. Cost Object 4. Cost Driver 5. Cost Allocation 6. Cost Sheet 7. Semi variable cost 2. Write a detailed note on Target Costing. (DEC‚ 2010) 3. Write a note on methods of absorption of overheads. (DEC‚ 2010) 4. Write a note on classification of overheads. (DEC‚ 2010) 5. Write short notes on the following: i. Product Costs ii. Period costs iii. Out of pocket cost iv. Sunk Costs v. Opportunity cost vi. Replacement cost vii. Joint cost (DEC‚ 2011)
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COST CLASSIFICATION ASSIGNMENT To classify the various costs would first of all require a definition between the two types of accounting that practically all businesses have to face and a number of key terms which are equally important. These are management accounting and financial accounting. 1. THE DIFFERENCE BETWEEN MANAGEMENT & FINANCIAL ACCOUNTING: Management accounting is concerned with decision making‚ cost apportionment‚ planning and control. It is based within the organisation and is
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That suggested to me that there might be an association between misanthropy and support for animal rights. When evaluating the ethical status of an action that does some harm to a nonhuman animal‚ I generally do a cost/benefit analysis‚ weighing the benefit to humankind against the cost of harm done to the nonhuman. When doing such an analysis‚ if one does not think much of humankind (is misanthropic)‚ e is unlikely to be able to justify harming nonhumans. To the extent that one does not like humans
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Types of costs Classification of costs: • Materials – costs of raw materials‚ components and other goods used. • Labor – cost of employees wages and salaries. • Expenses – costs which cannot be included in materials and labor. Variable costs – these costs varies directly with changes in the level of quantity‚ over a defined period of time. Fixed costs – are not affected by the changes in the level of activity‚ over a defined period of time. Semi variable costs – for example
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