Cost allocation for indirect costs Cost Pool – Set of costs that are added together before being allocated to cost objects on some common basis Cost Driver/ Allocation base Cost Object Cost Driver Rate = Total Costs in Pool/ Total Quantity of Driver Where total quantity of driver = practical capacity of driver Cost of excess capacity = Cost Driver Rate * Excess capacity Predetermined overhead rate - cost per unit of the allocation base used to charge overhead to products. Predetermined
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CHAPTER 3 ACTIVITY COST BEHAVIOR LEARNING OBJECTIVES AFTER STUDYING THIS CHAPTER‚ YOU SHOULD BE ABLE TO: 1. Define and describe fixed‚ variable‚ and mixed costs. 2. Explain the use of the resources and activities and their relationship to cost behavior. 3. Separate mixed costs into their fixed and variable components using the high-low method‚ the scatterplot method‚ and the method of least squares. 4. Evaluate the reliability of the cost formula. 5. Explain how multiple regression
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Sheilah Sarmiento Com220 Sharon Dacotah November 22‚ 2008 Classifications and Motives of a Violent Criminal In today’s world there is violence lurking around every corner‚ on every channel and in many homes‚ but it is nothing new. In a final interview in 1989 with an infamous serial murderer‚ “There are those loose in [people’s] towns and communities‚ like me‚ whose dangerous impulses are being fueled‚ day in and day out‚ by violence in the media in its various forms‚” (Dobson‚ 1995) was a partial
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WHAT ARE COSTS AND PROFITS? HUNGRY HELEN’S COOKIE FACTORY • Helen‚ the owner of the cookie factory‚ buys flour‚ sugar‚ flavorings‚ and other cookie ingredients. • She also buys the mixers and the ovens and hires workers to run the equipment. • She then sells the resulting cookies to consumers. 2 TOTAL REVENUE‚ TOTAL COST‚ AND PROFIT • The amount that Helen receives for the sale of its output (cookies) is its total revenue. • The amount that the firm pays to buy inputs (flour‚ sugar‚ workers
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COSTING SUPPORT AND COST CONTROL IN MANUFACTURING A COST ESTIMATION TOOL APPLIED IN THE SHEET METAL DOMAIN PROEFSCHRIFT ter verkrijging van de graad van doctor aan de Universiteit Twente‚ op gezag van de rector magnificus‚ prof.dr. F.A. van Vught‚ volgens besluit van het College voor Promoties in het openbaar te verdedigen op vrijdag 3 mei 2002 te 15.00 uur. door Erik ten Brinke geboren op 15 maart 1973 te Hardenberg Dit proefschrift is goedgekeurd door: de promotor prof.dr.ir. H
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Costs and Revenues What is cost? If you go to a store and like an item and you want to buy it‚ which of the following questions would you ask: What’s the price of …..? 0R How much does …. cost? Examples of costs – set-up Examples of costs - running Fixed Costs 5000 What happened to the fixed costs if for some reason the company had technical problems and was unable to produce for 2 weeks? What happens if the landlord decided to raise the rent due to high property prices
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Scientists require a large amount of equipment in order to successfully plan‚ complete‚ and analyze experiments they conduct. The specific apparatus used varies significantly from lab-to-lab and depends mostly on that particular lab’s planned experiments. However‚ most lab equipment falls into one of a relatively small number of categories. Glassware The bewildering array of available glassware includes several specialized pieces of equipment that scientists use to measure liquids and crystallize
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Dieters A sad fact in America is that thousands of people search for the dream of being thin. On any given day one finds neighbors‚ friends‚ and relatives on some kind of diet. Dieters assume various disguises‚ but the worthy ones are the bandwagons‚ who try the latest system or fad‚ also there’s the person who says I promise to lose it‚ and then there’s the person who murders themselves in the process of losing weight. Everyone wants to lose weight quickly and effortlessly therefore any fad
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Nearly every student works through the struggle of choosing a major subject to study while in college that will not only be for education but that will also benefit when they are ready to choose a lifelong vocation. Something that most students do not consider‚ however‚ is how lucrative working in the medical field can be. There are many careers you can choose from. Medical assistant‚ medical surgical nurse and licensed practical nurse‚ are just some of the many careers you can choose from with an
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Fiction There are many different types of fiction. Many people confuse these different types of fiction and classify fiction books into incorrect groups. To help better understand fiction they would have to know what types of fiction there are and what they’re like. These types of fiction include realistic fiction‚ science fiction‚ and historical fiction. Realistic fiction refers to stories that might really happen‚ stories set in a particular time and that happen to a particular people.
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