inventory‚ the company charges its operations division a $250 inventory cost. B. What—in absolute terms—is the per unit inventory cost for a product that costs $1‚000? Sales $60‚000‚000 (Flow) Inventory $20‚000‚000 Part A Selling Price $2‚000 COGS per Unit $1‚000 (Flow Rate) Units Sold 30‚000 Total COGS $30‚000‚000 (Flow Rate) Flow Time (in years)=Inventory/Flow rate 0.666667 Inventory Turns 1.5 Part B Per-Unit Inventory Cost Percentage 16.66667 Per-Unit Inventory Cost (in $) 166
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was made necessary when the sales offices were converted to storage space for raw material. Required: 1. Compute each of the following costs for the year just ended: (a) Total prime costs‚ (b) Total manufacturing overhead costs‚ (c) Total conversion costs‚ (d) Total product costs‚ (e) Total period costs. 2. One of the costs listed above is an opportunity cost. Identify this cost‚ and explain why it is an opportunity cost. SOLUTION 1. a. Total prime costs: Direct material.....................
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Copyright © 2011 John Wiley & Sons‚ Inc. Weygandt‚ Accounting Principles‚ 10/e‚ Solutions Manual (For Instructor Use Only) 1-33 PROBLEM 1-1B (a) VINCE’S TRAVEL AGENCY | | | | | | | | | | | | | Owner’s Equity | | | Cash | + | AccountsReceivable | + | Supplies | + | Equipment | = | AccountsPayable | + | Owner’sCapital | – | Owner’s Drawings | + | Revenues | – | Expenses | | | | | | | | | | | | | | | | | | | | 1.2.3.4.5.6.7.8.9.10. | | +$15
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Chapter 2 Economics Problem Production Possibility Frontier (PPF) -boundary between those combination you chose to produce - there is a limited about of production capabilities -curve/ boundary for production possibility - the points inside curve are attainable -all points outside ppf are unattainable Production Efficiency -using resources to maximum capacity -efficiency means that if you increase production of pizza means you must give up cola (only way—no extra resources to use)
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trade-off faced by society? A. who gets good and service? B. whether or not to produce. C. how to produce? D. which goods and services to produce. 2. Most microeconomic models assume that decision markers wish to A. act selfishly. B. make themselves as well off as possible C. make others as well off as possible. D. none of the above. 3. What links the decisions of consumers and firms in market? A. coordination’s officials B. government C. prices D. microeconomics 4. The price of a good or
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Christian Ethics Problem 3 1. What is the biblical basis for the Jubilee 2000’s call for the immediate canceling of the debts of all HIPCs? Answer: Leviticus 25:14 says “You shall not oppress one another.” The lending countries loaned money at interest rates in excess knowing that the HIPCs could not pay those debts off in the future‚ and that is a means of oppression. Leviticus 25:25-28 is where the name Jubilee comes from. Basically‚ it says that if a man is poor and needs money‚ he can sell
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MKT 2375 Chapter 2 Problem 1 a. CD Contribution Profit Selling Price to CD Distributor Less: Variable Cost $9.00 $1.25 $0.35 $1.00 $2.60 CD Package and disk Songwriter’s royalties Recording artists’ royalties Total Variable Cost Contribution per CD unit $6.40 Chapter 2 Problem 1 b. Break-Even Analysis – Units and Dollars Total Fixed Cost Advertising and Promotion $275‚000 Studio Recording’s Overhead $250‚000 Total Fixed Cost $525‚000 BEVU = $525‚000 / $6.40 = 82‚031
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Chapter 3 Student: ___________________________________________________________________________ 1. According to the opening case McDonalds was able to succeed in India because of: A. India ’s love of beef. B. India ’s love of pork. C. relationship networks. D. customers wanted the "American" experience. E. collective help 2. _______ is an understanding of how cultural differences across and within nations can affect the way in which business is practiced. A. Cross-cultural literacy B. Cultural
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many people at the same time. Development of advertisement • 1.Population expanded rapidly – fewer workers in agricultural sector because of improved machinery and more job in industrial sector with better wages. • 2. Improved transport system. Movement of goods more efficient. • 3. Mass production leading to mass marketing. • 4.Great expansion in printing. Advertisement as a business • The commercial potential of advertising in a growing number of newspapers and periodicals was quickly grasped
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Chapter 3 verses 16 through 21 of the Gospel of John take a moment to explain the major question: Why did God send Jesus to earth? According to John‚ who may actually be a variety of authors‚ God sent God’s only son here to die out of pure love for humanity and the world God created‚ proof that all believers would forever belong to the kingdom of the Lord. John clarifies that Jesus actually is not here to condemn anyone‚ rather‚ he is here to bring salvation to the people of the earth. There is a
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