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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TYPES OF COSTS Introduction :-Production is the result of services rendered by various factors of production.The producer or firm has to make payments for this factor services. From the point of view of the factor inputs it is called ‘factor income’ while for the firm it is ‘factor payment’‚ or cost of inputs.Generally‚ the term cost of production refers to the ‘money expenses’ incurredin the production of a commodity. But money expenses are not the only expensesincurred on the production
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b.) Explain the different points of view of different stakeholders seeking to influence the aims and objectives of two different Businesses. E.g. employees and trade unions are linked as trade unions are the pressure group that employees might use to negotiate pay and conditions with the employer -M1 Stakeholder points of view (M1) The stakeholders in the case of Social Services view the service in different ways: [example notes] Councillors They hope that people get excellent services in the
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being robbed or molested. Contrast that with Europe‚ where anyone from another town was fair game. However‚ the English settlers‚ after a very brief period of good relations in Massachusetts‚ came to loathe Native Americans. There was a serious culture clash here between stone age Native Americans (who had no land as private property‚ property belonged variously to the family‚ clan‚ or tribe) and Iron Age Europeans. Europeans had a totally different concept of private property. Your own property
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AJIS vol. 10 no. 2 May 2003 DOING ETHICS: A UNIVERSAL TECHNIQUE IN AN ACCESSIBILITY CONTEXT Christopher R. Simpson1‚ Liddy Nevile2‚ Oliver K. Burmeister3 1 Adjunct Teaching Fellow‚ School of Information Technology‚ Swinburne University of Technology‚ Australia‚ E-mail: csimpson@swin.edu.au; 2 E-mail: Liddy.Nevile@motile.net; 3 Swinburne Computer-Human Interaction Laboratory‚ School of Information Technology‚ Swinburne University of Technology‚ Australia‚ E-mail: oburmeister@it.swin.edu.au;
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2012 Carpe diem’s influence on contemporary popular culture Carpe diem is one of the most famous phrases through history. It was created in a poem by a Roman writer named “Horace”‚ and it means to seize the day. People need to know about carpe diem since it can help them to break their routine in order to become happier. It had a great impact on 17th century English poetry and in the beat poets of 1960s. Carpe diem has also developed a strong influence on contemporary popular culture since it is used
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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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white male rapper‚ Justin Timberlake who sings rhythm and blues‚ and Katy Perry are just a few celebrities who have been criticized for stealing music‚ and clothing from the black culture. M and M is known across the United States‚ as one of the best rappers. Rap and hip hop is one of things that defines black culture‚ yeta white male is considered one of the best. Before rap grew into one of the top selling music genres‚ many people hated it. They claimed it was not a true talent and would amount
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Civilization in the western hemisphere existed long before Christopher Columbus reached the Americas. The customs‚ language‚ and religion was different then the Europeans. The Aztecs were the ones who came in contact with the Europeans. Their history lasted from 1300-1521 CE. The Mayan society was from the year 200-900 CE. Hernan Cortes along with the Spanish army of five hundred‚ and thousands of Indian warriors declared war with the Aztecs. Moctezuma believed that the person coming towards
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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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