for (a*X^2) + (b*x) + c: >> syms a b c x % define symbolic math variables >> f = sym(’a*x^2 + b*x + c’); From now on we can use the f symbol to represent the given function. Evaluation of Symbolic Expressions The keyfunction subs (which stands for substitute) is used to replace symbolic variables with either new symbolic variables or with acutal values.
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black paint used to paint the dots on a pair of dice? A. Choice A B. Choice B C. Choice C D. Choice D 7. The cost of fire insurance for a manufacturing plant is generally considered to be a: A. product cost. B. period cost. C. variable cost. D. all of these. 8. Transportation costs incurred by a manufacturing company to ship its product to its customers would be classified as which of the following? A. Product cost B. Manufacturing overhead C. Period cost D. Administrative
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Plant No. 2 1. Using budget data‚ how many Apple iPhone 4’s would have to have been completed for Danshui Plant No. 2 to break even? 2. Using budget data‚ what was the total expected cost per unit if all manufacturing and shipping overhead (both variable and fixed) were allocated to planned production? What was the actual cost per unit of production and shipping. 3. Prepare a flexible budget for 180‚000 iPhone 4’s and calculate flexible budget variances using actual costs for August. 4. Estimate
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Tammy Wang‚ a new customer‚ to fulfill a large one-time-only special order for a product similar to one offered to regular customers. The following per unit data apply for sales to regular customers: Direct materials $455 Direct labor 300 Variable manufacturing support 45 Fixed manufacturing support 100 Total manufacturing costs 900 Markup (60%) 540 Targeted selling price $1440 Grant’s Kitchens has excess capacity. Ms. Wang wants the cabinets in cherry rather than oak‚ so direct
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Solution to Chapter 8: Budgeting for Planning and Controlling ___________________________________________________________ CHAPTER 8 QUESTIONS FOR WRITING AND DISCUSSION 1. Budgets are the quantitative expressions of plans. Budgets are used to translate the goals and strategies of an organization into operational terms. 2. Control is the process of setting standards‚ receiving feedback on actual performance‚ and taking corrective action whenever actual performance deviates from planned performance
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IE401-Econ401 MidTerm Managerial Economics NAME: Each of the 20 multiple choice questions is worth 3 points. Mark your answers on the ANSWER KEY on page 5. Also provide BRIEF answers to each of the 4 “essay type/logical” questions. Multiple-Choice Questions 1. A manufacturer produces 1‚000 basketballs each day‚ which it sells to customers for $30 each. All costs associated with production and sales total $10‚000; however‚ if the manufacturer were to produce one
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Set -1 1Q.Control (management) Controlling is one of the managerial functions like planning‚ organizing‚ staffing and directing. It is an important function because it helps to check the errors and to take the corrective action so that deviation from standards are minimized and stated goals of the organization are achieved in desired manner. According to modern concepts‚ control is a foreseeing action whereas earlier concept of control was used only when errors were detected. Control in management
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Variables Question Independent Variables: SRCBELT SRC BELTCODE - 0 NOT ASSIGNED; 1 = 12 LRGST SMSA’S; 2 = SMSA’S 13-100; 3 = SUBURB‚ 12 LRGST; 4 = SUBURB‚ 13-100; 5 = OTHER URBAN; 6 = OTHER RURAL Recoded as City (1‚ 2)‚ Suburbs (3‚4)‚ Rural (5‚6) Dependent Variables: HAPPMAR MNTLHLTH GUNLAW ABANY TEENSEX “Taking all things together how would you describe your marriage?” FIGURES 1-4. "Now thinking about your mental health‚ which includes stress‚ depression
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CONTROLLING AS A PILLAR OF MANAGEMENT Controlling consists of verifying whether everything occurs in conformities with the plans adopted‚ instructions issued and principles established. Controlling ensures that there is effective and efficient utilization of organizational resources so as to achieve the planned goals. Controlling measures the deviation of actual performance from the standard performance‚ discovers the causes of such deviations and helps in taking corrective actions. According to
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planning‚ organizing‚ leading‚ and controlling‚ although some identify additional functions. The functions of management define the process of management as distinct from accounting‚ finance‚ marketing‚ and other business functions. These functions provide a useful way of classifying information about management‚ and most basic management texts since the 1950s have been organized around a functional framework. Controlling Controlling involves ensuring that performance
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