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 additional basketball per day‚ total costs would increase to $10‚100. From these amounts‚ we can tell that a. the firm has negative profit. b. marginal cost equals $100. c. marginal cost equals $150. d. marginal cost equals marginal revenue. 2. A retailer has to pay $9 per hour to hire 13 workers
Premium Economics Macroeconomics Supply and demand
Cost accounting 4-37 General ledger relationships‚ under- and overallocation. The solution assumes all materials used are direct materials. A summary of the T-accounts for Needham Company before adjusting for under- or overallocation of overhead follows: Direct Materials Control Work-in-Process Control 1-1-2008 30‚000 Purchases 400‚000 Material used for manufacturing 380‚000 1-1-2008 20‚000 Direct materials 380‚000 Transferred to finished goods 940‚000 12-31-2008 50‚000 Direct manuf.
Premium Inventory Costs Manufacturing
machine hours and outgoing shipments‚ which are the activities’ three respective cost drivers‚ follow: Luxury Exclusive Setups 50 30 Machine hours 16‚000 22‚500 Outgoing shipments 100 75 The firm’s total overhead of $3‚080‚000 is subdivided as follows: manufacturing setups‚ $672‚000; machine processing‚ $1‚848‚000; and product shipping‚ $560‚000. REQUIRED: a) Calculate the unit manufacturing cost of Luxury and Exclusive electric sleeping bags by using the company’s current overhead
Premium Costs Fixed cost Variable cost
THE MANAGEMENT OF OVERHEAD COSTS IN CONSTRUCTION COMPANIES Brian Eksteen1 and David Rosenberg² ¹Professor of Construction Management‚ Faculty of Economic and Building Sciences‚ University of Port Elizabeth‚ P.O. Box 1600‚ Port Elizabeth‚ 6000‚ South Africa ²Senior Lecturer in Cost and Management Accounting‚ Faculty of Economic and Building Sciences‚ University of Port Elizabeth‚ P.O. Box 1600‚ Port Elizabeth‚ 6000‚ South Africa Costs not directly attributable to or recoverable from production
Premium Cost Management accounting Costs
Jesyca Martinez P.3 Cosmetic Animal Testing MAKEUP! What some of the girls/boys would say is art on your face or body. For housewifes‚ what is cleaning without the right cleaning liquids and sprays? But have you ever wondered‚ how are these products safe around my skin and family? The answer is animal testing. In this case is cosmetic animal testing..”Every year‚ over one hundred million animals are burned‚ crippled‚poisoned‚and abused in US labs every year”(11 facts). “It’s said that an animal
Premium Science Animal The Animals
Food and Chemical Toxicology 45 (2007) 2097–2108 www.elsevier.com/locate/foodchemtox Review European consumer exposure to cosmetic products‚ a framework for conducting population exposure assessments B. Hall a‚*‚ S. Tozer b‚ B. Safford c‚ M. Coroama d‚ W. Steiling e‚ M.C. Leneveu-Duchemin f‚ C. McNamara g‚ M. Gibney h b a ` ´ L’Oreal‚ Worldwide Safety Evaluation‚ River Plaza 25-29 quai Aulagnier‚ 92600 Asnieres-sur-Seine‚ France Procter & Gamble‚ Central Product Safety‚ P&G Technical Centres
Premium Cosmetics Demography Arithmetic mean
different quality material from standard; Buying materials from a non‑usual source due to urgency; Utilising different labour from standard; Price changes due to economic conditions; scarcity of supplies; Choosing to incur additional discretionary fixed costs; More (or less) overtime hours used than budgeted. 2. Efficiency/usage/quantity variances: Standard is out of date‚ set without due care; Inefficient use of material/labour‚ deliberate or otherwise; Poor supervision/equipment/maintenance.Changes in
Premium Costs Variable cost
Chapter Six Businesses and Their Costs Study Questions: 1. Explain the difference between a plant‚ a firm‚ and an industry. Plant – establishments such as a factory‚ farm‚ mine or store. Firm – an organization that employs resources to produce goods/services for profit. Industry – group of firms that produce the same or similar products. 2. State the advantages and disadvantages of the corporate form of business. Advantages – most effective form of
Premium Economics Costs Perfect competition
Agency Costs of Free Cash Flow‚ Corporate Finance‚ and Takeovers Michael C. Jensen Harvard Business School MJensen@hbs.edu Abstract The interests and incentives of managers and shareholders conflict over such issues as the optimal size of the firm and the payment of cash to shareholders. These conflicts are especially severe in firms with large free cash flows—more cash than profitable investment opportunities. The theory developed here explains 1) the benefits of debt in reducing agency
Premium Corporate finance
away with it. We just want to look good to look our best. And people have been working hard at looking their best for centuries. And that’s why cosmetics has such a long history. We’d like to take you through the history of cosmetics here; and let’s just see how similar we are to people living in 10‚000 BC. Ancient Egyptians had a full line of cosmetics Have you ever seen pictures of the Ancient Egyptians‚ with their painted faces? They look very striking‚ don’t they? Very classic. And that
Premium English-language films Human physical appearance Aesthetics