management concluded the large fixed cost absorbed sale figure. First it is important to understand the standard costing system implemented in Rubber group. Standard costing assigns quantity and price standards to each component of variable and fixed costs in calculating the total cost. In the case of NASA‚ the system uses standard purchasing price (input cost) and standard inputs usage in place for variable costs‚ and standard spending price (input cost) and standard
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Gladiator: The Roman Fighter’s [Unofficial] Manual By Philip Matyszak Background: Philip Matyszak Academic training and employment Historian‚ professor‚ and archeologist‚ Philip Matyszak has gone to great lengths to thoroughly exhaust the avenues that would gain him the knowledge and understanding he sought. His life and studies have taken him to various places‚ including England‚ Italy‚ parts of Africa‚ and Canada where he presently resides. Although his time in Africa was spent primarily as
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accounting profits and economic profits for Gomez’s pottery. Explicit costs: $37‚000 (= $12‚000 for the helper + $5‚000 of rent + $20‚000 of materials). Implicit costs: $22‚000 (= $4‚000 of forgone interest + $15‚000 of forgone salary + $3‚000 of entreprenuership). Accounting profit = $35‚000 (= $72‚000 of revenue - $37‚000 of explicit costs); Economic profit = $13‚000 (= $72‚000 - $37‚000 of explicit costs - $22‚000 of implicit costs). 8-4 (Key Question) Complete the following table by calculating
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The Dim Lighting Company is faced with a proposal that could potentially revive themselves from the 15 percent decrease in profits they have seen over the past two years. However‚ the new proposal for micro-miniaturization could put the Dim Lighting Company ahead of its competitors and contribute to higher profits despite the high costs of initiating the program. Jim West is the general manager and has been running the company for five years. Robert Spinks is the director of R&D and joined the company
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3 Cost-Volume-Profit Analysis Learning Objectives 1. Explain the features of cost-volumeprofit (CVP) analysis 2. Determine the breakeven point and output level needed to achieve a target operating income 3. Understand how income taxes affect CVP analysis 4. Explain how managers use CVP analysis in decision making 5. Explain how sensitivity analysis helps managers cope with uncertainty 6. Use CVP analysis to plan variable and fixed costs 7. Apply CVP analysis to a company producing multiple
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Philip Larkin "Days" "Days" by Philip Larkin is a ten line poem that is deceptive in its simplicity. This article considers Larkin’s poetic method in this remarkable short poem. Philip Larkin (1922-1985) wrote the poem "Days" in 1953. The poem was published in Larkin’s highly successful collection of poems entitled‚ The Whitsun Weddings‚ in 1964. "Days" is a curious poem. At first reading‚ it appears to be a simple‚ almost child-like dialogue. However‚ on second glance‚ the poem raises several
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Strategic Cost Management ACCT90009 Seminar 1 Seminar 1 Subject Administration Introduction to SCM oduc o o SC Administration • Subject Coordinator Dr. David Huelsbeck Email: david.huelsbeck@unimelb.edu.au Room: 08.028‚ The Spot Phone: +61 3 9035 6256 Consultation Hours: Monday 4:15pm – 6:15pm • Seminars: Tuesday: 2.15 pm – 5.15 pm‚ FBE ‐ Theatre 211 (Theatre 2) Thursday: 6.15 pm – 9.15 pm‚ Alan Gilbert ‐ Theatre 2 Teaching Format and Resources • Seminar Format 3 hour seminar
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Business (UKM-GSB-LHDN) Cost Classification: Government Agency PROBLEM 2-56 The Department of Natural Resources is responsible for maintaining the state’s parks and forest lands‚ stocking the lakes and rivers with fish‚ and generally overseeing the protection of the environment. Several cost incurred by the agency are listed below. For each cost‚ indicate which of the following classifications best describe the cost. More than one classification may apply to the same cost item. The Answers
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Asa Philip Randolph Family Life Asa Philip Randolph was born on April 15‚ 1889 in Crescent City Florida‚ to James and Elizabeth Randolph. His father was a traveling minister and his mother was a seamstress. His parents instilled in him a belief that color is less important than a person’s character and conduct. They also instilled in him the importance of education and hard work. His father constantly told the Randolph children that they were as able and as competent as any individual
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This sculpture is called the “War God” and it was created by Philip McCracken in 1960. Philip McCracken was an American born artist‚ born in 1928. This amazing sculpture was created out of Cedar wood‚ where Philip McCracken carved the piece out then added a leather strap and blades along the body. This piece of art is currently on display at the Seattle Art Museum. The “War God” is a wooden sculpture and it was about 2 feet long and about 8 inches wide. The sculpture has lots of jagged edges and
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