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
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Starting out the story‚ you provided good descriptions of the daycare center. I felt I could mostly imagine the space (although some details were still short). I could definitely feel the energy of the children running and playing in the space. The tone of the piece fit the glimpse of a character’s daily life aspect of the story. I like how the story started out on the normal operations of the daycare center and how Keeley enjoyed the experience. I enjoyed it when you added when Keeley noticed
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influence in selecting the product components‚ and purchasing agents dominate in selecting suppliers. Webster and Wind call the decision making unit of a buying organization the buying center. The buying center is composed of "all those individuals and groups who participate in the purchasing from the decision". The buying center includes all members of the organization who play any of seven roles in the purchase decision process. Several roles of organization buying: Initiators: Those who request that
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opportunity cost of a choice is the value of the best alternative forgone‚ in a situation in which a choice needs to be made between several mutually exclusive alternatives given limited resources. Assuming the best choice is made‚ it is the "cost" incurred by not enjoying the benefit that would be had by taking the second best choice available.[1] The New Oxford American Dictionary defines it as "the loss of potential gain from other alternatives when one alternative is chosen". Opportunity cost is a key
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Speaking The Cost Of Living In the early nineteen seventies the cost living was affordable for the American families‚ As a child I remembered my mother sending me to Pete’s Confection Store‚ I would put to the items in my little red wagon and bring them home for my mother. The items that I’d shop for were eggs‚ a loaf of bread‚ milk‚ and a six pack of seven-up sodas. There is a major difference in the price of these items then compared to now‚ a carton of eggs use to cost $.25 cents per carton
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CHAPTER 1: INTRODUCTION INTRODUCTION/ BACKGROUND “Sport means all forms of physical activity which‚ through casual and organised participation‚ aim at expressing or improving physical fitness and mental well-being‚ forming social relationships or obtaining results in competition at all levels.” Despite the volume of evidence indicating the benefits of sports and regular physical activity for health and functioning‚ people with disabilities are far less likely to engage
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The birthing center is a site managed by kind and understanding nurses‚ who are willing to do anything to help accommodate and facilitate birth for the mother and her baby. The purpose of the birthing center is to provide a safe and comfortable environment for the future mother and her infant. The nurses there are very compassionate and understanding‚ making the patient’s stay a great one. In the birthing center there is various equipment to be found‚ for both the wellbeing of the baby and the mother
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Analysis of Costs Costs affect input choices‚ investment decisions‚ and even the decision of whether to stay in business. A. Economics analysis of costs 1. Total cost: fixed and variable (1) Total cost represents the lowest total dollar expense needed to produce each level of output q. TC rises as q rises. (2) Fixed cost represents the total dollar expense that is paid out even when no output is produced. FC is unaffected by any variation in the quantity of output. (3) Variable cost represents
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CHAPTER 3 ACTIVITY COST BEHAVIOR LEARNING OBJECTIVES AFTER STUDYING THIS CHAPTER‚ YOU SHOULD BE ABLE TO: 1. Define and describe fixed‚ variable‚ and mixed costs. 2. Explain the use of the resources and activities and their relationship to cost behavior. 3. Separate mixed costs into their fixed and variable components using the high-low method‚ the scatterplot method‚ and the method of least squares. 4. Evaluate the reliability of the cost formula. 5. Explain how multiple regression
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is not sure about the difference between cost accounting and a cost accounting system. Explain the difference to Joe. (b) What is an important feature of a cost accounting system? 2. (a) Distinguish between the two types of cost accounting systems. (b) May a company use both types of cost accounting systems? 3. What type of industry is likely to use a job order cost system? Give some examples. 4. What type of industry is likely to use a process cost system? Give some examples. 5. Your roommate
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