| Total Marks: ______ / 100 marks = ________ % Grade: Question I: Identification: Fill in the blanks the correct answer. You are having a dress shop‚ indicate the proper classification of cost behavior whether it is VARIABLE or FIXED for each of the following items below: |Cost Element |Cost Behavior | |Material used to make shirts
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Variable costs are those costs that increase as the output the restaurant increases. As example‚ assume for the Teen Burger Direct Materials cost $1.50 per burger. A day with one thousand burgers sold would cost of $1500 dollars. In comparison‚ a day with two thousand burgers sold would cost $3000 dollars. While the cost per Teen Burger remains constant the total cost per day varies with the output each given day. Electricity costs would increase in the same fashion as each time a burger is cooked
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Math 107 002 Homework 5 (due 13 Oct 2011) Fall 2011 Please use your calculators and give your final answers to 3 significant figures. Show your work for full credit. Please state clearly all assumptions made. 1. Classify each random variable as discrete or continuous. (a) The number of visitors to the Museum of Science in Boston on a randomly selected day. (b) The camber-angle adjustment necessary for a front-end alignment. (c) The total number of pixels in a photograph produced by a digital camera
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company. Actual costs Static Incurred budget Activity level (in units) 800 750 Variable costs: Indirect materials $6‚850 $6‚600 Electricity $1‚312 $1‚275 Fixed costs: Administration $3‚570 $3‚700
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Macroeconomic Variables & Its Impact on KSE -100 index MACROECONOMIC VARIABLES & ITS IMPACT ON KSE -100 INDEX BY MUHAMMAD SALMAN KHAN ABSTRACT Stock exchange or secondary market plays pivotal role of an economy. From it one can easily guess the overall economy of the county. From various factors‚ stock market is dependent and the impacts of these factors are clearing i.e. positive or negative. Macroeconomic variables in economy that influence the stock exchange and macroeconomic variables that affect
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Chapter 7 Notes Page 1 Variable Costing Absorption As we have seen in previous chapters‚ when you manufacture your own inventory‚ the cost of that inventory includes all of the costs associated with running the factory that produces the inventory. Generally‚ no part of the factory cost is expensed. Instead‚ it is capitalized as the cost of the inventory produced. It is only expensed when the inventory is sold. At that point the cost of the inventory becomes Cost of Goods Sold. This system is
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Evaluating a Hiring and Variable Pay Plan Include a brief summary of the situation. Effective Management Solutions (EMS) a small management consulting company divided into four areas: management systems‚ business process improvement‚ human resources‚ and quality improvement that are rapidly growing. The growth has expanded so quickly that‚ EMS has developed and is planning to execute an aggressive revenue growth plan. The goal is to obtain a 25% revenue increase each year for the next five years
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Office Equipment 800 Insurance – Factory Building 1‚500 Miscellaneous expenses - Factory 1‚000 Office supplies expense 300 Professional Fees 500 Property Taxes - Factory Building 400 Raw material used 70‚000 Rent on production equipment 6‚000 Research & development 10‚000 Sales commission 40‚000 Utility Costs - Factory 900 Wages - Factory 70‚000 Work in process – Dec 1 0 Work in process – Dec 31 0 Raw materials inventory‚ Dec 1 0 Raw materials inventory‚ Dec 31 0 Raw materials purchases
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Fixed Costs‚ Variable costs‚ and Break Even Point Elizabeth Gaud HSM /260 August 21‚ 2011 Stephanie Koontz Fixed Costs‚ Variable costs‚ and Break Even Point Exercise 10.1 Recompute fixed costs‚ variable costs‚ and the BEP. What are the variable costs? What are the fixed costs? How many meals will the WHDM program need to provide during the fiscal year to reach the BEP? How much profit will the program earn if it completes its 45‚000-meal contract with the City of Westchester? Answer:
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can handle at most 3 complaints in half an hour. a. What is k? b. What is the probability there are less than 2 complaints in half an hour? c. What is the probability there are less than 2 complaints in an hour? 3. A random variable [pic] can be assumed to have five values: 0‚ 1‚ 2‚ 3‚ and 4. A portion of the probability distribution is shown here: |x |0 |1 |2 |3 |4 | |P(X = x)
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