have done above is a “full-cost” analysis. This is in contrast to a “direct-cost” analysis that ignores overhead costs. Is full cost the right metric for job profitability and customer profitability? What assumptions are we making about the variability of overhead costs when we do a “full-cost” analysis? By allocating the overhead costs to jobs and customers there is an implicit assumption that these are variable with the cost driver. In reality‚ some of the overhead costs are fixed‚ at least in the
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Plant overhead $122‚000 D/L rate/hour $30 Youngstown has a traditional cost system. It calculates a plant-wide overhead rate by dividing total overhead costs by total direct labor hours. Assume‚ for the calculations below‚ that plant overhead is a committed (fixed) cost during the year‚ but that direct labor is a variable cost. 1. Calculate the plant-wide overhead rate. Use this rate to assign overhead costs to products and calculate the profitability of the four products. The assignment
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CHAPTER 6 PRODUCTION EXERCISES 4. A political campaign manager must decide whether to emphasize television advertisements or letters to potential voters in a reelection campaign. Describe the production function for campaign votes. How might information about this function (such as the shape of the isoquants) help the campaign manager to plan strategy? The output of concern to the campaign manager is the number of votes. The production function has two inputs‚ television advertising and
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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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breast feeding with bottle feeding To begin with breast feeding‚ this is where a baby directly feeds from the breast of his/her mother while bottle feeding is where the baby feeds from the bottle instead of feeding directly on their mother’s breast. The following are the advantages of breast feeding over bottle feeding. • Breast feeding is readily available compared to the bottle feeding. Therefore‚ the baby can easily feed when hungry from the breast as compared to the bottle feeding where one should
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Recovery of Plastic Bottles for Recycling: A Study of Responsible Environmental Behaviour at the University of the West Indies‚ Mona Campus‚ Kingston‚ Jamaica" Background (Recycling versus dumping) • • • • • Recycling is expensive and can be very expensive Dumping is cheap Recycling requires courage and motivation Dumping is natural Recycling requires forward investment‚ make governmental authorities‚ polluters from private and public enterprises upset • Dumping require no
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Self-Review of Bottle and Packaging Design1 | StrengthThe strength of design of is that it is very ergonomic and colourful design. An advantage is that it has is curved edges so it is easier to hold also it has a toughened base to support the bottle | weaknessesThe design of the bottle is a quite large in terms of size also there are too many extra parts around the bottle which can which can cause difficulty to hold | Area of developmentTo improve the theme of the bottle as the colours do not
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Water pollution Water pollution is the contamination of water bodies . Mostly water pollution occurs in lakes‚ rivers‚ oceans‚ aquifers and groundwater. Water pollution occurs when pollutants are directly or indirectly discharged into water bodies without adequate treatmentto remove harmful compounds. Type of water pollutions There are many types of water pollution because water comes from many sources. Here are a few types of water pollution: 1. Nutrients Pollution Some wastewater‚ fertilizers
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BREAKTHROUGHS IN BREAKDOWNS Nicholas Sparks’ Message in a Bottle INTRODUCTION Statement of the Problem: The purpose of this study is to provide psychological support to be a basis of the people suffering from breakdown. The purpose of this study is to answer the following: • What are the importances of moving on? • What are the factors that affect a person to move on? • Who should someone seek to have a step-up of tragic events? • What would help for someone to choose what is the right one
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Ronald Coase noted‚“The cost of doing anything consists of the receipts that could have been obtained if that particular decision had not been taken.” For example‚ the opportunity set for this Friday night includes the movies‚ a concert‚ staying home and studying‚ staying home and watching television‚ inviting friends over‚ and so forth. The opportunity cost of taking job A included the forgone salary of $102‚000 plus the $5‚000 of intangibles from job B. Opportunity cost is the sacrifice of
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