CHAPTER 5 ACTIVITY-BASED COSTING AND ACTIVITY-BASED MANAGEMENT 5-16 (20 min.) Cost hierarchy. 1. a. Indirect manufacturing labor costs of $1‚450‚000 support direct manufacturing labor and are output unit-level costs. Direct manufacturing labor generally increases with output units‚ and so will the indirect costs to support it. b. Batch-level costs are costs of activities that are related to a group of units of a product rather than each individual unit of a product. Purchase order-related
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Tyler Ferrier 1/15/14 ECE 102AA 7 Step Problem Solving: Car Suspension Problem Definition: The real problem is that the car is creating further damage due to the bad suspension. Creating a bigger problem. The ride is bumpy‚ the tires are wearing down wrong‚ the fuel mileage is poor‚ the engine has more strain on it due to rough driving and the height of the car is drooping down‚ causing unsafe wear on the inner wheel wells‚ while also creating a risk of a blown tire. Data Collection:
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Chapter 5: Internal Scanning: Organizational Analysis 5.1 A Resource-Based Approach to Organizational Analysis Analysts must also look within the corporation itself to identify internal strategic factors—critical strengths and weaknesses that are likely to determine whether a firm will be able to take advantages of opportunities while avoiding threats Core and Distinctive Competencies Types of resources Tangible Assets- plant‚ equipment‚ finances‚ and location Human Assets- number of
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CHAPTER 7 FLEXIBLE BUDGETS‚ DIRECT-COST VARIANCES‚ AND MANAGEMENT CONTROL 7-1 Management by exception is the practice of concentrating on areas not operating as expected and giving less attention to areas operating as expected. Variance analysis helps managers identify areas not operating as expected. The larger the variance‚ the more likely an area is not operating as expected. 2. Two sources of information about budgeted amounts are (a) past amounts and (b) detailed engineering studies
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Week 7 Tutorial: The Problem of Agency (Assessed) 1. What do you understand by the term ‘Agency Problem’ and what role does asymmetric information play in producing this problem? A conflict arising when people (the agents) entrusted to look after the interests of others (the principals) use the authority or power for their own benefit instead. 2. Briefly explain the main series of events that led to the collapse of Storm Financial. The collapse of Storm Financial was inevitable due to its reliance
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Strings Hanly‚ Chapter 8‚ Self-Check Exercises (p. 386)‚ numbers 2-3 2. 7 cells of memory‚ integers‚ 0‚7 3.int sqrt[11] int pow(x‚3)[11] Hanly‚ Chapter 8‚ Self-Check Exercises (p. 394)‚ number 1 1.int sqrt[11] Int pow (x‚3)[11] Int index =0‚I; For (i=0‚i<index‚i++ Hanly‚ Chapter 8‚ Self-Check Exercises (p. 396)‚ numbers 1-2 1.sqrt (xi+1-xi)pow(x‚2) + (yi+1-yi)pow(y‚2) 2.int LIST_SIZE[6]; Int odd; Int sum‚ I; For(i=0‚i<=LIST_SIZE‚++i) Sum=i+ odd; Hanly‚ Chapter 8‚ Programming (pp. 396-397)‚ number
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Week Five Reflection Paper Team B will reflect on why it is important for management as well as investors and creditors to understand the current and long-term liabilities. What makes it important to disclose contingencies as well as how do operating and capital leases relate to liabilities. It is important for managers to know what the company has as current or long-term liabilities because if they are not aware of what the funds look like they cannot affectively run the company. This knowledge
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P17-1. (Debt Securities) 2 Presented below is an amortization schedule related to Spangler Company’s 5-year‚ $100‚000 bond with a 7% interest rate and a 5% yield‚ purchased on December 31‚ 2012‚ for $108‚660. Date Cash Received Interest Revenue Bond Premium Amortization Carrying Amount of Bonds 12/31/12 $108‚660 12/31/13 $7‚000 $5‚433 $1‚567 107‚093 12/31/14 7‚000 5‚354 1‚646 105‚447 12/31/15 7‚000 5‚272 1‚728 103‚719 12/31/16 7‚000 5‚186 1‚814 101‚905 12/31/17
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Chapter 5 Social • Major population boom! o by 1775 there were 2.5 million people in 13 colonies o youthful and growing quickly • they were slowly moving westward past the Alleghenies • most populous colonies o Virginia o Massachusetts o Pennsylvania o North Carolina o Maryland • Cities o Philadelphia o New York o Boston o Charleston • Many races settled in America o Germans – fled religious persecution‚ for economy‚ and fleeing war mainly in Pennsylvania – Lutheran‚ very loyal
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Linear Programming 4 In the preceding chapter on sensitivity analysis‚ we saw that the shadow-price interpretation of the optimal simplex multipliers is a very useful concept. First‚ these shadow prices give us directly the marginal worth of an additional unit of any of the resources. Second‚ when an activity is ‘‘priced out’’ using these shadow prices‚ the opportunity cost of allocating resources to that activity relative to other activities is determined. Duality in linear programming is essentially
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