the costs for the year. The restaurant wanted to see what some of their fixed and variable costs were for the year. They also wanted to make sure they remain in their relevant range. The costs focused on were the cost of hamburgers (raw materials) and the cost of building rent. It was determined that the raw materials were the variable costs because the cost will vary based on production of hamburgers. A variable cost is a cost that will change in direct proportion to changes in the cost-driver
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Ownership of Bodily Fluids and Organs: Do we have the right to sell Organs and Fluids? The advancement of modern technology and our continual progress in medical sciences have made it necessary to debate this topic. There are many cases where it is unclear as to whom has the property rights of bodily fluids‚ cells‚ or organs. These questions of ownership tend to surface in cases where these products are no longer located within a person’s body. The necessity to delegate ownership
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Colorado was the 38th state of the U.S. when it joined on August 1‚ 1876. It is America’s eight largest state. It was first explored by the Spanish in the 1500s and was given to the United States under the Treaty of Guadalupe Hidalgo that ended the Mexican-American in 1848. Because gold was discovered in Colorado‚ it attracted new settlers that caused conflicts with the Indians. This caused the Plains Indian Wars. Colorado mostly votes for Republicans but sometimes it shifts to Democrats. From 1976
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Submissions › View Attempt View Attempt 1 of 2 Title: | Exam 2 (Chapters 10-18) | Started: | July 7‚ 2011 12:16 AM | Submitted: | July 7‚ 2011 2:11 AM | Time spent: | 01:54:47 | Total score: | 94/200 = 47% Total score adjusted by 0.0 Maximum possible score: 200 | 1. | Chapter 10 #265 | | Use this information for questions that refer to the World Tennis Ball (WTB) Company case. World Tennis Ball Co. (WTB) makes tennis balls and sells them only in the U.S. Raul Fernandez‚ the
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The Great Plains has many agricultural activities and has a high agricultural sector in North America despite the dry climate‚ poor soils‚ and low vegetation. Many settlers moved to the Great Plains when farming became the largest economic sector in the region during the 19th and 20th centuries. The Great Plains economy became dependent on its primary sector‚ which this dependency brought the Great Plains vulnerable to decisions of distinct financial institutions‚ governments‚ and transportation
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_______ 1. A flexible budget is "flexible" in the sense that a budget can be prepared for any level of activity‚ but once a budget is set the budget figures are not changed if actual activity later proves to be different than budgeted activity. True False 2. In a performance report‚ actual costs should be compared to budgeted costs at the original budgeted activity level. True False 3. The overhead spending variance and the overhead efficiency variance are useful only if variable overhead really
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Chapter 2 Questions 2-1. I agree with this statement. I would also like to add that cost behavior is also identifying the key resources that are performed‚ resources used in performing these activities‚ costs of the resources‚ and what the cost is driven from. 2-2. Two rules of thumb when analyzing cost behavior are to manage what the company manufactures‚ sells‚ and to give advice as to where costs can be reduced. 2-3. Three examples of a variable cost are a 12% increase in the production of
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1. Cost of goods manufactured will usually include: A. only direct labor and direct materials costs. B. some costs incurred during the prior period as well as costs incurred during the current period. C. only costs incurred during the current period. D. some period costs as well as some product costs. 2. During the month of August‚ direct labor cost totaled $13‚000 and direct labor cost was 20% of prime cost. If total manufacturing costs during August were $88‚000‚ the manufacturing overhead
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COSTS OF STEAM Issue The client expects a reduction in steam generation costs and does not care about energy consumption. Learning Objectives Establishing a list of cost items of steam generation Understanding the different methods of specific steam cost calculation Knowing how to calculate the specific steam costs Rating of the relative importance of cost items Appreciation for specific steam generation costs sensitivity with respect to cost items Recognition of negative
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required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50‚000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70‚000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40‚000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%. 203 Ignou what do you know about the census 2011? 79 SBI mccb service sittings be done? 104 Mr. A purchased a machinery
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