management concluded the large fixed cost absorbed sale figure. First it is important to understand the standard costing system implemented in Rubber group. Standard costing assigns quantity and price standards to each component of variable and fixed costs in calculating the total cost. In the case of NASA‚ the system uses standard purchasing price (input cost) and standard inputs usage in place for variable costs‚ and standard spending price (input cost) and standard
Premium Costs Variable cost Total cost
accounting profits and economic profits for Gomez’s pottery. Explicit costs: $37‚000 (= $12‚000 for the helper + $5‚000 of rent + $20‚000 of materials). Implicit costs: $22‚000 (= $4‚000 of forgone interest + $15‚000 of forgone salary + $3‚000 of entreprenuership). Accounting profit = $35‚000 (= $72‚000 of revenue - $37‚000 of explicit costs); Economic profit = $13‚000 (= $72‚000 - $37‚000 of explicit costs - $22‚000 of implicit costs). 8-4 (Key Question) Complete the following table by calculating
Premium Economics of production Variable cost Costs
paper; that is‚ different people can be expected to reflect uniquely on the simulation experience. Just think about your simulation experience for a while and then write about what stands out to you. 3. You should keep in mind that this is a capstone/strategy class; accordingly‚ your "reflections" may address strategic (rare‚ consequential‚ directive) issues‚ as well as varied authors‚ topics‚ and business functions. 4. It is appropriate for you to reflect on the simulation in relation to
Premium
Strategic Cost Management ACCT90009 Seminar 1 Seminar 1 Subject Administration Introduction to SCM oduc o o SC Administration • Subject Coordinator Dr. David Huelsbeck Email: david.huelsbeck@unimelb.edu.au Room: 08.028‚ The Spot Phone: +61 3 9035 6256 Consultation Hours: Monday 4:15pm – 6:15pm • Seminars: Tuesday: 2.15 pm – 5.15 pm‚ FBE ‐ Theatre 211 (Theatre 2) Thursday: 6.15 pm – 9.15 pm‚ Alan Gilbert ‐ Theatre 2 Teaching Format and Resources • Seminar Format 3 hour seminar
Premium Variable cost Costs Management accounting
Business (UKM-GSB-LHDN) Cost Classification: Government Agency PROBLEM 2-56 The Department of Natural Resources is responsible for maintaining the state’s parks and forest lands‚ stocking the lakes and rivers with fish‚ and generally overseeing the protection of the environment. Several cost incurred by the agency are listed below. For each cost‚ indicate which of the following classifications best describe the cost. More than one classification may apply to the same cost item. The Answers
Premium Costs Variable cost Marginal cost
over the constitutionality of the First Bank of the United States gave rise to two different interpretations of the Constitution. While the Jeffersonian Republicans held a strict-constructionist view of the Constitution‚ the Federalists took on a broad-constructionist view of the Constitution. These became defining characteristics of the two political parties. However‚ during the presidencies of Jefferson and Madison‚ the desire of one party to dominate over the other caused both parties to stray
Premium James Madison Thomas Jefferson Marbury v. Madison
Six Broad Ethical Principles This paper will reflect on the six broad ethical principles in the code of ethics and how they intersect and inform one another and how might they conflict or complicate one another. Intersect and Inform The broad ethical principles are linked into the values of service‚ social justice‚ dignity and worth of a person‚ importance of human relationships‚ integrity‚ and confidence. These values create the principles in which social workers should live by while in the profession
Premium Ethics Business ethics Morality
THE LEADER WITH VISION: THE OPTIMISTIC LEADER INTRODUCTION This paper shall be discussed in four parts as follows: • Articulating Your Vision • Living Your Vision • Influence Others With Positive Attitude • Conclusion A leader is someone who guides others. One who assumes t he position of responsibility over the conduct of others that he is leading. Vision on the other hand is “a picture formed in the mind; something conjured up in the imagination without being related to facts.”
Premium Leadership 2008 singles 2007 singles
STR 581 Capstone Examination Part 3 final exam 1 A firm must know where to position its product based on price and quality region communication promotional efforts 2 What type of strategy consists of geographical pricing‚ price discounts and allowances‚ promotional pricing‚ and differentiated pricing? Altered pricing Price adaptation Fixed pricing Regular prices 3 The marketing manager needs to know the cost of the research project before approving it. During which
Premium Strategic management Marketing
Post your response to the following: In what ways has the information in this course changed your life? Your personal belief system? Your understanding of your fellow human beings? How have you implemented the concepts from this course in your life? Answer: This course has made me see things more realistically. What can we do about things in which we cannot change. I believe we must reframe our reactions to things; in other words‚ what better way can I change this or what tools can I use to
Premium Religion Psychology Faith