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
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many subjective factors which are unpredictable and also non quantifiable. It is assumed that domestic economic fundamentals play determining role in the performance of stock market. However‚ in the globally integrated economy‚ domestic economic variables are also subject to change due to the policies adopted and expected to be adopted by other countries or some global events. The common external factors influencing the stock return would be stock prices in global economy‚ the interest rate and the
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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
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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
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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
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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
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12 Angry Men Constellation of Variables In group communications theory‚ there are labeling terms for each contributing member of the group‚ and how the group interacts among one another - the result is group communication. These contributing factors of situation‚ goals‚ roles‚ norms‚ and cohesiveness make up the constellation of variables. The film 12 Angry Men depicts the constellation of variables. In the film‚ twelve jurors in a hot room‚ forced to deliberate the fate of a man accused of
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Period:__________ Set up matrices and solve using the graphing calculator. Do not give answers as decimals. 1. 2. 3. Set up equations‚ then matrices‚ and solve using the graphing calculator. Be sure to define variables! 4. Suppose the movie theater you work at sells popcorn in three different sizes. A small costs $2‚ a medium costs $5‚ and a large costs $10. On your shift‚ you sold 250 total containers of popcorn and brought in $1726. You sold twice as many large
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a) Identify the major variables that you controlled or measured in this investigation. What type of relationship do these variables have with each other? The variable that we manipulated was the fuel to oxygen ratio and the variable that we observed was how efficiently the fuel burned in each of the mixtures. The efficiency of the combustion depended on the fuel to oxygen ratio. If mixture was fuel lean the combustion reaction would produce less soot and smoke. If the mixture was fuel rich‚ an incomplete
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Waterways Continuing Problem 1 Waterways Continuing Problem WCP1 Waterways Corporation is a private corporation formed for the purpose of providing the products and the services needed to irrigate farms‚ parks‚ commercial projects‚ and private homes. It has a centrally located factory in a U.S. city that manufactures the products it markets to retail outlets across the nation. It also maintains a division that provides installation and warranty servicing in six metropolitan areas. The mission
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