net income (net profit). 4 Variable Costs Fixed Costs Mixed Costs Cost Estimation Methods Cost Estimation Methods are frequently required to separate the fixed and variable components of a total cost pool. Methods include: 1. 2. 3. 4. 5. Account Analysis Scattergraph High-Low Method Regression Relevant Range Scattergraph High-Low Method Example: Let total costs at 500 units of output be $150‚000 and at 3‚000 units of output be $400‚000. Calculate variable and fixed costs‚ respectively
Premium Variable cost Costs Contribution margin
Biology 160 Lab Manual Tacoma Community College Last update 06/03/2013 This page left intentionally blank Table of Contents Table of Contents i Laboratory 1: Principles of the Scientific Method 4 In-Lab Report Sheet 12 This page has been left intentionally blank 27 Laboratory 2: Scientific Methodology & Enzyme Activity 28 In-Lab Report Sheet 28 Objectives 33 Introduction 33 Parts of the Swift M5 Microscope 33
Premium Microscope Bacteria Materials science
People have become overly dependent on technology. Although technology has pros and cons. The impact of technology on us as people could be shown in various ways. Also technology has changed our society in many different ways. Technology helps us to produce goods more quickly. Technology surrounds us everywhere. People are exposed to it some way or another. There is no escape from it. We use technology at all times like for example we awake with the sound of our alarm‚ we look at the time‚ we
Premium Internet Mobile phone 21st century
Bilguun Tugs-Amgalan Everett LeGrande English 1 5/April/2011 People have become overly dependent on technology Humans have been called the animals which make things‚ and at no time in history has this been so obvious as the present. Today‚ every human activity is dependent upon various tools‚ machines‚ and systems‚ from growing food to providing shelter to communication‚ healthcare‚ and entertainment. Some machines‚ like the tractor‚ speed up and make more efficient activities that humans have
Premium Technology Society Science
1. (TCO F) Bingham Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below. Work in process‚ beginning: Units in beginning work-in-process inventory | 400 | Materials costs | $6‚900 | Conversion costs | $2‚500 | Percentage complete for materials | 80% | Percentage complete for conversion | 15% | Units started into production during the month | 6‚000 | Units transferred to
Premium Variable cost Costs Total cost
Exercises 5-11 through 5-18: Summit Manufacturing‚ Inc. produces snow shovels. The selling price per snow shovel is $30. There is no beginning inventory. Costs involved in production are: Direct material $5 Direct labor $4 Variable manufacturing overhead $3 Total variable manufacturing costs per unit $12 Fixed manufacturing overhead cost per year $180‚000 In addition‚ the company has fixed selling and administrative costs of $160‚000 per year. Exercise 5-11. During the year‚ Summit produces
Premium Variable cost Revenue Inventory
Automatic Dependent Surveillance – Broadcast (ADS-B) ADS-B is one of the most important‚ underlying technologies in the FAA’s plan to transform air traffic control from the current radar-based system ( that was invented during World War II) to a satellite-based system. ADS-B is bringing the precision and reliability of satellite-based surveillance to the nation’s skies. AviationGlossary.com defines ADS-B as Automatic Dependent Surveillance Broadcast ADS-B is a next generation surveillance technology
Premium Air traffic control
Quiz – Chapter 17 – Solution 1. Rider Company sells a single product. The product has a selling price of $40 per unit and variable expenses of $15 per unit. The company’s fixed expenses total $30‚000 per year. The company’s break-even point in terms of total dollar sales is: A) $100‚000. B) $80‚000. C) $60‚000. D) $48‚000. The answer is d. CMR = (P-V)/P = ($40 - $15)/$40 = 62.5% Px = F/ (CMR) Px = $30‚000/.625 = $48‚000 Use the following to answer questions 2-3: Weiss Corporation produces two models
Premium Costs Variable cost Cost
of the specialized underlying structures of these life-forms. In order for us to appreciate these special adaptation‚ we first need to know how a typical plant or an animal cell organelle behaves in different water and solute concentrations. In this lab‚ we will determine the effects of hypertonic‚ isotonic and hypotonic solutions on plant and animal cells. In general when an animals cell’s placed in hypertonic solution it shrivels; a plant cell on the other hand undergoes plasmolysis. When an animal
Premium Eukaryote Photosynthesis Cell
interval (0‚1); b) if f(x)= 2e-2x U(x) Q 4-7‚ Show that if the uniform variable x has an Erlang density with n=2‚ then Fx(x) = (1-e-cx-cxe-cx) U(x) Q 4-8‚ The random variable x is N (10; 1)‚ Find f (x | (x-10)2 <4) Q 4-9‚ Find f(x) if F(x) = (1-e-ax) U(x-c). Q 4-10‚ If x is N (0‚ 2) find a) P{1≤ x ≤ 2} b) P{1≤ x ≤2 | x ≥ 1} Q4-14‚ A fair coin is tossed 900 times and the random variable x equals the total number of heads. a) Find fx(x)‚ 1: exactly‚ 2: approximately
Premium Random variable Probability theory