administrative expenses were as follows: Total cost Rs. Beginning inventory: Direct materials Direct labour Variable factory overhead Fixed factory overhead Total Current period costs: Direct materials Direct labour Variable factory overhead Fixed factory overhead Total Selling and administrative expenses: Variable Fixed Total Instructions: 1. 2. 3. Prepare an income statement based on the variable costing concept. Prepare an income statement based on the absorption costing concept. Give the reason for
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Variable costing and absorption costing are the two most commonly used methods of inventory costing for manufacturing companies. The inventory method of variable costing takes place when total direct and indirect variable manufacturing costs are included within inventoriable costs. Fixed manufacturing costs however‚ are considered costs of the period under variable costing. The next method of inventory costing‚ absorption costing‚ includes all variable manufacturing costs as well as fixed manufacturing
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of DVDs. The following data are available regarding the models: DVD Selling Price per unit Model LX1 Model LX2 Model LX3 $175.00 $250.00 $300.00 Variable Cost per unit $100.00 $125.00 $140.00 Demand/Year Units 2000 1000 500 VCI is considering the addition of a fourth model to its line of DVDs. This model would be sold to retailers for $375. The variable cost of this unit is $225. The demand for the new Model LX4 is estimated to be 300 units per year. Sixty percent of these unit sales of the new model
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Vice President of Marketing for Dysk Compyer‚ Inc must decide whether to introduce a mid-priced 2 version of the firm’s DC6900 minicomputer product line-the DC6900-X minicomputer. The DC6900-X would sell for $ 3900‚ 3 with unit variable costs of $ 1‚800. Projections made by an independent marketing research firm indicate that the DC6900-X 4 would achieve a sales volume of 500‚000 units next year‚ in its first year of commercialization. One-half of the first year’s
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Absorption and Variable Costing‚ Inventory Management Absorption and Variable costing are very important tools for cost accounting. Both of these costing methods allow you to see the cost of your inventory‚ in a different way. For example the absorption method allows you to assign all costs to the product‚ while variable costing allows only variable costs to be assigned to the product. Inventory management is extremely important as well because it ties into efficiency and lowering your costs
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one or more ways. They may differ in their wants‚ resources‚ locations‚ buying attitudes and buying practices.” (Kotler et al. 2007‚ pg.345) List and describe in detail the four major variables used for segmenting markets. For each of the four major variables list and describe three groups within that variable. Provide examples of your choice to illustrate your answer. (p.265) --Problem recognition‚ info search‚ evaluation‚ purchase‚ post purchase: role of marketing in these 1. Geographic: dividing
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1. INTRODUCTION 1. OVERVIEW In order to achieve several small scale and large scale objectives in various electronic circuits‚ it is highly essential to regulate the voltage supply‚ given to electronic circuits. This project‚ namely VARIABLE VOLTAGE REGULATOR‚ aims at fulfilling such small goals‚ using the 3-terminal voltage regulator LM317. The circuit consists of an IC LM317 and a set of resistors and capacitors‚ in addition to the transformer and the rectifying element. The AC
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Are We Too Dependent On Our Mobiles? In the media today‚ we all hear a great deal about the perils of modern technology. We now can be addicted to the Internet‚ Facebook and Twitter‚ not to mention the already existent perils like television‚ alcohol and drugs. What isn’t often mentioned is our addiction to cell phones. Maybe nobody talks about it because‚ unlike Twitter and Facebook‚ cell phones are such useful tools for everything from friendship to business. Cell phones have not only become
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THE MOMENTS OF A RANDOM VARIABLE Definition: Let X be a rv with the range space Rx and let c be any known constant. Then the kth moment of X about the constant c is defined as Mk (X) = E[ (X c)k ]. (12) In the field of statistics only 2 values of c are of interest: c = 0 and c = . Moments about c = 0 are called origin moments and are denoted by k‚ i.e.‚ k = E(Xk )‚ where c = 0 has been inserted into equation (12). Moments about the
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The COE is comprised of eight variables: Political‚ Military‚ Economic‚ Social‚ Information‚ Infrastructure‚ Physical Environment and Time (PMESII-PT). (REF) With Air Defense Artillery (ADA) being a branch that constantly deploys it is vital to instill these variables which allows for realistic and challenging training conditions to happen. However‚ in order for this to even occur the culture consideration of the country must be evaluated in order for those variables to be implanted which ultimately
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