3.0 Variance Analysis 3.1 Flexible-Budget Variance Analysis In Barnes Scuba Diving case‚ the main comparison for the flexible-budget variance analysis would be between the actual results and flexible budget. Static budget would not be useful for this comparison due to the different sales unit output which may result in a misleading and inaccurate result comparison. With reference to the Flexible Budget Section attached in Annex X‚ Flexible-Budget Variance for Revenues was identified to be a favourable
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Volume‚ also referred to as dynamics‚ is one of the most important components of sound. Composers use volume as a way of controlling the emotional content and shape of a piece. It is interesting to note‚ however‚ that early composers did not generally mark their scores with instructions about volume until well into the 17th century‚ but depended upon the musicians to determine the appropriate levels of volume for a specific performance space. Composers started writing indications for dynamic levels
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Types of Costs by Behavior Cost behavior refers to the way different types of production costs change when there is a change in level of production. There are three main types of costs according to their behavior: Fixed Costs: Fixed costs are those which do not change with the level of activity within the relevant range. These costs will incur even if no units are produced. For example rent expense‚ straight-line depreciation expense‚ etc. Fixed cost per unit decreases with increase in production
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financial management relationship between non-profit and for-profit organizations. A recent surge to push non-profit organizations to behave in a more business-like manner has resulted in an evaluation of the financial management practices. This paper examines a few of the similarities and differences amongst the two organizational types in relation to source of funding‚ performance evaluation measures‚ and governing mechanisms. The analysis of non-profit organizations leads to an understanding that
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Cost Benefit Analysis A cost benefit analysis is important because it can help us decide what would be the total expenditure on a particular project along with the expected returns from the project. From a cost benefit analysis‚ it is easy to decide whether implementing the project will be a profitable deal for the organization or not. It is through the examples of this process that we can get a clear idea of how to proceed with this calculation. Definition As said above‚ a cost benefit
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Volume (CM3) Diameter (CM) Radius (CM) M&M’S® Thickness (CM) 1 75 108 54 0.743 2 83 120 60 0.658 Table 2 – Direct Measurement Trial M&M’S® Thickness (CM) 1 0.642 2 0.741 3 0.683 Table 3 – Calculated Averages Method Calculated Average Thickness (CM) Indirect (from Table 1) 0.701 Direct (from Table 2) 0.689 Questions: 1. When you performed Step 2 of the procedure‚ you actually made a cylinder of M&M’S®. The cylinder was rather "smushed‚" and the
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Aluminum 2.70 Gold 19.3 1. An object has a mass of 57.7 g and occupies a volume of 21.65 cm3‚ what is its density? 2. An object whose density is 1.98 x 103 kg/m3 has a mass of 35.4 g. How many cubic centimeters does the object occupy? 3. A cylinder has a radius of 12.0 cm. It has a density of 15.2 g/cm3 and a mass of 100 g. What is the height of the cylinder? (Hint: volume of a cylinder can be calculated by r2h) 4. A friend shows you a gift
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Transaction Cost Analysis as Framework According to TCA‚ a transaction is the transfer of goods or a service and the analysis of transactions emphasizes on achieving efficiency in their administration (Rindfleisch & Heide 1997). Firm is a particular form of organization for administering transactions between one party and another and is characterized as a managerial hierarchy. In contrast‚ market governance is characterized as transaction taking place without managerial oversight. Firms exist
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Previous exam questions on area between functions and volumes of solids. 1. Let f(x) = cos(x2) and g(x) = ex‚ for –1.5 ≤ x ≤ 0.5. Find the area of the region enclosed by the graphs of f and g. (Total 6 marks) 2. Let f(x) = Aekx + 3. Part of the graph of f is shown below. The y-intercept is at (0‚ 13). (a) Show that A =10. (2) (b) Given that f(15) = 3.49 (correct to 3 significant figures)‚ find the value of k. (3) (c) (i) Using your value of k‚ find f′(x). (ii) Hence
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Gross Profit Margin The Gross Profit Margin is used to measure the proportion of the gross profit to sales in order to determine the allocated amount for the operating expenses of the company. The Gross Profit of the Jolliville Holdings Corporation improved in the year 2015 and has declined a little in the year 2016 due to the decrease in Sales‚ specifically power and equity share in net earnings of associates. But still‚ Gross Profit Margin for the year 2016 is still a good indication of profitability
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