1. The chief economist for Argus Corporation‚ a large appliance manufacturer‚ estimated the firm’s short-run cost function for vacuum cleaners using an average variable cost function of the form. AVC= a + bQ+ cQ^2 (the 2 is suppose to be exponent) Where AVC=dollars per vacuum cleaner and Q=number of vacuum cleaners produced each month. Total fixed cost each month is $180‚000. The following results were obtained: Dependent Variable:AVC R-Square
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PRINCIPLES OF COST CONTROL 1.1 Introduction Cost is important to all industry. Costs can be divided into two general classes; absolute costs and relative costs. Absolute cost measures the loss in value of assets. Relative cost involves a comparison between the chosen course of action and the course of action that was rejected. This cost of the alternative action - the action not taken - is often called the "opportunity cost". The accountant is primarily concerned with the absolute cost. However‚
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------------------------------------------------- ASSIGNMENT ON COST CONTROL AND COST REDUCTION ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- -------------------------------------------------
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INTERNATIONAL B-SCHOOL SUBJECT: FINANCIAL & COST ACCOUNTING Total Marks: 80 N.B.: 1)Allquestionsarecompulsory 2) All questions carry equal marks. Q1) ABC Ltd. Produces room coolers. The company is considering whether it should continue to manufacture air circulating fans itself or purchase them from outside. Its annual requirement is 25000 units. An outsider vendor is prepared to supply fans for Rs 285 each. In addition‚ ABC Ltd will have to incur costs of Rs 1.50 per unit for freight and Rs 10‚000
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5 / ¼.5= .67%/ 22%= 3.05 Ch 22 #7 1. Key Question A firm has fixed costs of $60 and variable costs as indicated in the table on the following page. Complete the table and check your calculations by referring to question 4 at the end of Chapter 23. 1. Graph total fixed cost‚ total variable cost‚ and total cost. Explain how the law of diminishing returns influences the shapes of the variable-cost and total-cost curves Graph AFC‚ AVC‚ ATC‚ and MC. Explain the derivation and shape of each
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Cost allocation for indirect costs Cost Pool – Set of costs that are added together before being allocated to cost objects on some common basis Cost Driver/ Allocation base Cost Object Cost Driver Rate = Total Costs in Pool/ Total Quantity of Driver Where total quantity of driver = practical capacity of driver Cost of excess capacity = Cost Driver Rate * Excess capacity Predetermined overhead rate - cost per unit of the allocation base used to charge overhead to products. Predetermined
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Name: Su Han Program: M2 Luxury Management Food&Wine Title of the case: Samsung and theme park industry in Korea 1) “Is the Global theme parks industry an interesting industry to be in?” a) Rivalry among existing competitors Is the industry growing rapidly? Yes‚because of the increasingly fierce competition and the maturity of the market. Concentration Do the 4 biggest players have together more than 80% of market share? Yes‚ because 4 biggest players which are The Walt Disney Company
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Samsung NEO Individual Analysis I. Summary of the main points and core problem Before figuring out the current problem of Samsung New Employee Orientation‚ we should first learn that Samsung’s founding values and principles were rooted in the national characters of South Korea. Based on Confucianism‚ South Korean culture emphasized family values and had a high regard for intellectuals. At the same time‚ South Korean culture was hierarchical and had a power distance which can be seen from their
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17 Benefits of Being a Vegetarian Sabah Karimi‚ Yahoo Contributor Network Oct 9‚ 2007 MORE: High Fiber Diets Vegetarian Diets FlagPost a comment While some people can’t imagine a day without meat‚ others insist that a vegetarian or vegan lifestyle is the best way to enjoy food and stay healthy. Vegetarian lifestyles and veganism have slowly moved from fad status to healthy living in the Western world‚ embraced by millions of people interested in eating natural foods and foregoing questionable
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purchasing decisions. Samsung requirements of their own to create a world-class brand which attaches great importance to the quality of the product‚ which is mainly reflected in the following four areas: 1.High-quality products to establish a brand image‚ enhance brand value Need high-quality first-class brand quality assurance‚ Samsung’s leaders have long recognized that it put forward the idea of new operators in 1992‚ long Lee Kun-hee of Samsung Group firefly things Samsung started depending on
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