Cost Variance Analysis Presented by : Edmund C. Cabrera MBA Student Universidad de Manila Definitions STANDARD COSTS – are predetermined or target unit costs of production which should be attained under efficient conditions. It is the amount and costs of direct material‚ direct labor‚ and factory overhead required to produce one unit of finished product. STANDARD COST SYSTEM – is an accounting system which uses standard costs rather than actual costs to account for units as they flow through
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have the same volume as the original model. Q1. Use a piece of A4 paper to make a box with a length of 10cm and a width of 3cm. Then find the volume of the box and the total surface area of the paper used to make the box. T.S.A: 5 rectangles and 4 squares 5 x L x W + 4W = 5 x 10 x 3 + 4 x 9 = 186cm Volume: 5 rectangles and 4 squares L x W x H = 10 x 3 x 3 = 90cm Q2. Make another box with the same general shape‚ but chose a different length and width. Then find the volume of the box and
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3.0 Variance Analysis 3.1 Flexible-Budget Variance Analysis In Barnes Scuba Diving case‚ the main comparison for the flexible-budget variance analysis would be between the actual results and flexible budget. Static budget would not be useful for this comparison due to the different sales unit output which may result in a misleading and inaccurate result comparison. With reference to the Flexible Budget Section attached in Annex X‚ Flexible-Budget Variance for Revenues was identified to be a favourable
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Volume‚ also referred to as dynamics‚ is one of the most important components of sound. Composers use volume as a way of controlling the emotional content and shape of a piece. It is interesting to note‚ however‚ that early composers did not generally mark their scores with instructions about volume until well into the 17th century‚ but depended upon the musicians to determine the appropriate levels of volume for a specific performance space. Composers started writing indications for dynamic levels
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Types of Costs by Behavior Cost behavior refers to the way different types of production costs change when there is a change in level of production. There are three main types of costs according to their behavior: Fixed Costs: Fixed costs are those which do not change with the level of activity within the relevant range. These costs will incur even if no units are produced. For example rent expense‚ straight-line depreciation expense‚ etc. Fixed cost per unit decreases with increase in production
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Hospitality Management 21 (2002) 353–369 A franchise by any other name? Tenancy arrangements in the pub sector Conrad Lashley*‚ Bill Rowson School of Tourism and Hospitality Management‚ Leeds Metropolitan University‚ Calverley Street‚ Leeds LS1 3HJ‚ UK Abstract Recent changes in ownership and consumption patterns within the market have brought many operators to follow strategies that are more concerned with a retailing orientation. Many of the companies operating pubs are aiming to grow
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Cost Benefit Analysis A cost benefit analysis is important because it can help us decide what would be the total expenditure on a particular project along with the expected returns from the project. From a cost benefit analysis‚ it is easy to decide whether implementing the project will be a profitable deal for the organization or not. It is through the examples of this process that we can get a clear idea of how to proceed with this calculation. Definition As said above‚ a cost benefit
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AS Media Studies Report: Checker Magazine Outline of Task The target audience for my magazine is teenage girls who are interested in fashion and the latest trends. I went for this target audience because the main focus of my productions is fashion and most teenage girls are interested in fashion‚ making them easier to target. The category of audience for my products would be a mixture of C2‚ D and E. This is because it is a gossip and fashion magazine so stereotypically these groups would be
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Volume (CM3) Diameter (CM) Radius (CM) M&M’S® Thickness (CM) 1 75 108 54 0.743 2 83 120 60 0.658 Table 2 – Direct Measurement Trial M&M’S® Thickness (CM) 1 0.642 2 0.741 3 0.683 Table 3 – Calculated Averages Method Calculated Average Thickness (CM) Indirect (from Table 1) 0.701 Direct (from Table 2) 0.689 Questions: 1. When you performed Step 2 of the procedure‚ you actually made a cylinder of M&M’S®. The cylinder was rather "smushed‚" and the
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Aluminum 2.70 Gold 19.3 1. An object has a mass of 57.7 g and occupies a volume of 21.65 cm3‚ what is its density? 2. An object whose density is 1.98 x 103 kg/m3 has a mass of 35.4 g. How many cubic centimeters does the object occupy? 3. A cylinder has a radius of 12.0 cm. It has a density of 15.2 g/cm3 and a mass of 100 g. What is the height of the cylinder? (Hint: volume of a cylinder can be calculated by r2h) 4. A friend shows you a gift
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