to as sales revenue and is calculated by multiplying the number of items sold by their average price. For example if the average price of a book is Rs.10. The number of books sold is 10‚000. The turnover is therefore: 10‚000 x Rs10 = Rs.100‚000 Cost of sales is the cost of buying in the items to trade them. In this case the cost of buying the books. For example‚ the bookshop may buy in books at an average cost of £5 each. Assuming that it has bought in 1‚000 books. Cost of sales is therefore:
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growth to occur. Growth potential also includes regional sales and consideration is given to regions where sales stand to grow. Cost is given a weight of 3. The cost category includes lease‚ equipment‚ wage rates‚ material costs and manufacturing overhead. The company does consider cost when expanding‚ but it is not as important as production‚ growth potential and job market. Finally‚ government assistance is given a weight of 3. Government assistance usually results in lower financial considerations;
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purchases in 2013. Decreased in fuel and lubricants (Factory overhead)‚ which used in production of tanks in 2013. Increased in company’s efficiency to utilize its inputs into outputs. This may be due to increased use of technological software or improvements in technical assistance for improving the quality/efficiency of moulds and plastic products. 2. Average Cost per Unit in Beginning Finished Goods Inventory This ratio demonstrates the average cost per unit in beginning finished goods inventory.
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Value 20 9 12 10 11 13 14 11 100 Mark PART A MULTIPLE CHOICE QUESTIONS (20 marks) Each question is worth 1 mark. Answers to these questions must be indicated on the separate answer sheet provided. 1. The sum of prime costs and manufacturing overhead costs is referred to as: A B C D 2. Upstream costs for a manufacturing firm consist of: A. B. C. D. 3. Conversion costs Non manufacturing costs Period costs Product costs R & D; Manufacturing;
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variable production overhead cost. As shown in Exhibit 2 (1)‚ the variable production overhead is about 40 percent of total production overhead‚ which is $24.50. Even though there is a One-time added costs about $5‚000‚ it is not included because it is the sunk cost that occurs for only once‚ and regards as an irrelevant cost to produce each unit of bike. The table below shows that the total relevant cost is $69.20. Materials | $39.80 | Labor | $19.60 | Variable Overhead | $9.80 |
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Running head: CS 2204: COMMUNICATIONS AND NETWORKING WRITTEN ASSIGNMENT UNIT 3 CS 2204: Communication and Networking 1 University of the People Term 2 (2016-2017) November 29/2016 Answer the following questions in your own words‚ in no more than 4 sentences each
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CNT5106C Computer Networks‚ Summer 2010 Instructor: Prof. Ahmed Helmy Homework #1 On the Internet Architecture‚ Elementary Queuing Theory and Application Layer I. Internet and layered protocol architecture: Q1. (5 points) In the layered protocol architecture the transport layer functionality includes congestion control and error recovery (e.g.‚ retransmission). One suggested that this functionality should be done strictly at the end points (i.e.‚ at the hosts) without aid from the network. Do you
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of new customers. Also‚ the bottling operation overhead costs‚ they estimate‚ would be half of the cost of that in this analysis. 2. The possibility of expansion. Currently‚ they are operating at capacity. An ABC cost analysis reveals that although they are posting an annual profit‚ two of their products are costing more to produce per unit than they are getting revenue for. Each bottle of chocolate milk that they produce costs an average of $2.68. They are selling it for $1.90 – nearly
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Victoria Chemicals: Case study Introduction Victoria Chemicals is a major competitor in the worldwide chemical industry. They are a leading producer of polypropylene‚ which is a polymer used in products such as medical products and automobile components. Victoria Chemicals started up in 1967 when they built two plants‚ one in Merseyside‚ England and one in Rotterdam‚ Holland. Both plants were identical to each other and produced an equal amount of goods. In 2008 these two plants have an old-fashioned
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prevalent in practice. One example is standard costing‚ which has been used on a wide front during the last century. Standard costing is used by Customers who employ predetermined costs for valuing inventory and for charging material‚ resource‚ overhead‚ period close‚ and job close and schedule complete transactions. Differences between standard costs and actual costs are recorded as variances. Manufacturing industries typically use standard costing. Costs of items can be shared across organizations
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