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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Are you a leader‚ born or cultivated or both? How do you characterize your leadership traits based on the leadership profiles presented by Narayana Murthy and Rahul Khosla? Ans. For centuries there has been a debate about whether leaders must be born into their leadership capacities or whether leadership can be developed in all of us. Our beliefs about how people become leaders affect how we evaluate people’s leadership potential. Believing people are born leaders is likely to result in a focus
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11 Allocation of Joint Costs and Accounting for By-Product/Scrap Objectives After completing this chapter‚ you should be able to answer the following questions: LO.1 LO.2 LO.3 LO.4 LO.5 How are the outputs of a joint process classified? What management decisions must be made before beginning a joint process? How is the joint cost of production allocated to joint products? How are by-product and scrap accounted for? How should not-for-profit organizations account for the cost of a joint activity?
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True Leadership vs. Typical Business Management Leadership is defined as the process by which one individual exerts influence over the other people and inspires‚ motivates‚ and directs their activities to help achieve group organizational goals. To be a true leader you must be able to exert influence over other people to help achieve goals. True leaders have certain qualities which make them true leaders. These characteristics include knowledge‚ dominance‚ high energy‚ tolerance for stress
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Leadership and Group Theory Midterm Essay Capitalism vs. Socialism September 21‚ 2013 Although Capitalism has a different meaning in various groups‚ the term is commonly acknowledged as “the private ownership of the means of production‚ and the coordination of the economy by the market” (Bresser-Pereira‚ 2012‚ p. 22). On the surface‚ the meaning of capitalism seems straightforward; referring to an economic system in which private individuals‚ rather than governments‚ own
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ADIDAS MARKETING COMMUNICATIONS EFFECTIENESS ADIDAS MARKETING COMMUNICATIONS EFFECTIVENESS TABLE OF CONTENT 1.Executive summary………………………………………...3 2.Introduction 2.1 Adidas Overview……………………………………………………...3 2.2 Europe sports equipment market overview……………………...4‚ 5‚ 6 3.Situtational Analysis 3.1 PESTEL Analysis…………………………………………………..7‚ 8 3.2 Porter’s Five Forces Analysis………………………………………...9 3.3 SWOT Analysis………………………………………………….10‚ 11 4.Consumer Analysis……………………………………12‚ 13 5.Marketing
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