Plant overhead $122‚000 D/L rate/hour $30 Youngstown has a traditional cost system. It calculates a plant-wide overhead rate by dividing total overhead costs by total direct labor hours. Assume‚ for the calculations below‚ that plant overhead is a committed (fixed) cost during the year‚ but that direct labor is a variable cost. 1. Calculate the plant-wide overhead rate. Use this rate to assign overhead costs to products and calculate the profitability of the four products. The assignment
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CHAPTER 6 PRODUCTION EXERCISES 4. A political campaign manager must decide whether to emphasize television advertisements or letters to potential voters in a reelection campaign. Describe the production function for campaign votes. How might information about this function (such as the shape of the isoquants) help the campaign manager to plan strategy? The output of concern to the campaign manager is the number of votes. The production function has two inputs‚ television advertising and
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EDLHODM/101/3/2014 Tutorial letter 101/3/2014 The educator as leader‚ manager and administrator EDLHODM Semesters 1 & 2 Department of Educational Leadership and Management IMPORTANT INFORMATION: This tutorial letter contains important information about your module. CONTENTS Page 1 INTRODUCTION ............................................................................................................................ 3 2 PURPOSE OF AND OUTCOMES FOR THE MODULE ..........
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“I am proud to be an Indian” India is a great country with many religions. It has rich natural resources and lengthy frontier with vast region. North has The Himalayas and south with the Hindu ocean‚ Bay of Bengal in the east and the west has the sea Arabian. It’s being administered with language wise partition. All are leading peaceful life with national integration. Enemy’s conspiracy is impossible with the unity of the nation. Festivals are celebrated here with memorable function. People
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Ronald Coase noted‚“The cost of doing anything consists of the receipts that could have been obtained if that particular decision had not been taken.” For example‚ the opportunity set for this Friday night includes the movies‚ a concert‚ staying home and studying‚ staying home and watching television‚ inviting friends over‚ and so forth. The opportunity cost of taking job A included the forgone salary of $102‚000 plus the $5‚000 of intangibles from job B. Opportunity cost is the sacrifice of
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Last summer‚ I had the opportunity to travel to Manhattan in New York. Manhattan is known as the premier destination for New York City tourists‚ and many people consider it as a “walking city”. A population with over 8.4 million living in NYC (New York City)‚ I came to an understanding that most of my traveling was going to be done by foot. I traveled from Times Square to the Empire State Building and continued onto Central Park right after. And yes‚ I accomplished this by walking since waiting for
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PROTIST STUDY GUIDE 1. Where can Protists primarily be found? Most Protists can be found in wet areas‚ tree trunks and other organisms 2. What niche do Protists fill in an ecosystem? Protists have a big role in marine life‚ it serves as housing for many animals and food for many as well. 3. What are the 3 categories of Protists? Animal-like protists plant-like protists and fungus-like protists 4. What are the 4 types of Protozoa and how does each one move? Ciliates : Have hundreds of
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3 Cost-Volume-Profit Analysis Learning Objectives 1. Explain the features of cost-volumeprofit (CVP) analysis 2. Determine the breakeven point and output level needed to achieve a target operating income 3. Understand how income taxes affect CVP analysis 4. Explain how managers use CVP analysis in decision making 5. Explain how sensitivity analysis helps managers cope with uncertainty 6. Use CVP analysis to plan variable and fixed costs 7. Apply CVP analysis to a company producing multiple
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Differences between mass marketing and niche marketing Niche marketing and mass marketing have many differences. These are: 1. Mass marketing has to do with selling ordinary things to very large numbers of people at quite cheap prices. Businesses can get high volume sales but at a fairly low profit margin meaning that there is little difference between what it costs to make the product and what the business can sell for it. But in Niche marketing the marketers serve specialist consumers and
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TYPES OF COSTS Introduction :-Production is the result of services rendered by various factors of production.The producer or firm has to make payments for this factor services. From the point of view of the factor inputs it is called ‘factor income’ while for the firm it is ‘factor payment’‚ or cost of inputs.Generally‚ the term cost of production refers to the ‘money expenses’ incurredin the production of a commodity. But money expenses are not the only expensesincurred on the production
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