Chapter 5 7. Briefly describe the activity-based costing allocation process. Activity-based costing involves two allocation stages and includes a multitude of cost drivers. The first stage known as ABC assigns costs to pools; which signify the activities of the costs to be incurred. During the second stage the cost pools are allocated to products or cost objects by utilizing cost drivers that measure the object’s use of that activity. 12. Milken Manufacturing has three product lines. The
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Term Paper Managerial Success Productivity is the essence of any work environment. Despite the type or arena of employment; workers produce something whether it is an object or an intangible item. Many occupational tasks are manual‚ clerical‚ or intellectual. Despite which type of task; a manager is responsible for the product‚ which is a large responsibility. Such responsibility necessitates skills such as goal setting‚ planning‚ implementing‚ and controlling. These four skills dictate the
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In My Brilliant Friend‚ a fictional book by Elena Ferrante‚ Elena and Lila grow up in a poor neighborhood overrun by the violent crimes of their corrupt neighbors. Affected by the legacies of their poor parents‚ prosperity and love troubles are constant struggles for the younger generation of the neighborhood. These struggles trigger emotional reactions from both the parents and their children‚ prompting more violent actions in the neighborhood. Ferrante expresses the theme that anger‚ greed‚ and
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Raymond Castillo Managerial Communications (Man-373-OL009) Written Assignment 1 Hynes introduces a calculated approach to managerial communication by dissecting it into three separate‚ yet mutually dependent functions. Hynes believes that with these approaches‚ management and employees alike can learn to adapt to one another to create an effective work force. The first layer is based on the idea that an employer and his employees can create a positive work atmosphere with the communication climate
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The artwork analyzed is by Jose Wenselado Garcia‚ no title. The emphasis are the only areas with color. The rest of the artwork is in black and white. Also‚ the colors are analogous‚ however‚ it flows within each other. The artwork is made with ink and paper. The history of the artwork infers to the Aztec Indians due to the way the tower is shape and the skeletons surrounding the tower. The background is very neutral. There was no balance in the artwork. The lines in the artwork are very detailed
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Managerial economics is a science that deals with the application of various economics theories‚ principles‚ concepts and techniques to business management in order to solve business and management problems It deals with the practical application of economic theory and methodology to decision-making problems faced by private‚ public and non profit making organizations.. In the words of Spencer and Seigelman "Managerial Economics is the integration of economic theory with business practice for
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Module II: Fundamental Concepts of Managerial Economics * Opportunity Costs‚ Incremental Principle‚ Time perspective‚ Discounting and Equi-Marginal principles. * Theory of the Firm: Firm and Industry‚ Forms of Ownership‚ Objectives of the firm‚ alternate objectives of firm. * Managerial theories: Baumol’s Model‚ Marris’s Hypothesis‚ Williamson’s Model. * Behavioral theories: Simon’s Satisficing Model‚ Cyert and March Model. * Agency theory. * Opportunity cost principle
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Rizal course is mandated by ou law under R.A. 1425. It says here the 3 provisions of rizal law. First‚ Rizal course must be part of the curriculum of our schools‚ colleges‚ universities‚ public or private. Our study must give emphasis regarding our national hero nad his vision of the noli mitangere and elfilibustirismo ( touch me not). Second is taht all libraries and schools must have a lot of numbers of copies of our national hero’’s two novels and also other materials close to him. And lastly
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Assignment #1 1. Define scarcity and opportunity cost. What role d these concepts play in the making of management decisions? Scarcity is a condition that exists when resources are limited relative to the demand for their use. Another way of describing this condition is to state that scarcity exists when resources are not available in unlimited amounts. When resources are available in unlimited amounts‚ economists consider them to be “free” goods. Because of the scarcity of resources‚ choices
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Quiz Questions for Chapter 1 1. Waverly Company paid $5‚000 cash for wages of production workers. This business event would: a. increase total assets and total equity. b. increase one asset account and decrease another asset account. c. decrease total assets and total equity. d. decrease one asset account and increase an equity account. 2. Warren Company makes candy. During the most recent accounting period‚ Warren paid $3‚000 for raw materials‚ $4‚000 for labor‚ and
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