Chapter 7 Variable Costing: A Tool for Management Solutions to Questions 7-1 The basic difference between absorption and variable costing is due to the handling of fixed manufacturing overhead. Under absorption costing‚ fixed manufacturing overhead is treated as a product cost and hence is an asset until products are sold. Under variable costing‚ fixed manufacturing overhead is treated as a period cost and is charged in full against the current period’s income. 7-2 Selling and administrative expenses
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The Disparity in Income and The Cost of High Education: Will making college free benefit the economy? The economic inequality is increasing and it has weakened neighborhoods and families that are unfortunate. People who have low income cannot afford to have a high education. Technology has changed employees‚ shifts for single-parent families‚ and produced growing income gaps between families and neighborhoods. “In addition to growing differences in the resources spent by poor and rich families
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information all the time through primary research or secondary research. The ability to analyze that information and then have the knowledge to explain will allow you to be a thought leader amongst your peers. This essay will define critical thinking‚ explain the importance‚ describe the difference between scientific and supernatural claims‚ and finally explain the importance of critical thinking for the progress of science. What is critical thinking? The definition from Dr. Richard Paul "Critical thinking
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Types of Variables Binary variable Obsevations (i.e.‚ dependent variables) that occur in one of two possible states‚ often labelled zero and one. E.g.‚ “improved/not improved” and “completed task/failed to complete task.” Categorical Variable Usually an independent or predictor variable that contains values indicating membership in one of several possible categories. E.g.‚ gender (male or female)‚ marital status (married‚ single‚ divorced‚ widowed). The categories are often assigned numerical
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Running head: CAPSTONE PROJECT Capstone Project- MGT660 Capstone Project- MGT660 A pro forma income statement is a projection of future business profits and losses. It allows the business to make operational changes that could affect the actual outcome before the projections are reality. The pro forma income statement for Once Upon A Child is a three year projection that accounts for a ten percent increase in gross sales each of the three years. The projections
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Economics Prep 3 Complete Paper 1 Essay Question: Q1 A and B page 169 A) Explain three uses of national income statistics B) Evaluate the use of GDP figures as a means of comparing countries. A) National income (total net value of all goods and services produced within a nation over a specified period of time) statistics have many different uses. It is for example used as a comparison scale between countries. This is a useful information‚ if for example a country needs help‚ but the resources
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MEMORANDUM TO: Chief Financial Officer FROM: Controller DATE: August 4‚ 1990 SUBJECT: How to Report Earthquake Damages in the Income Statement CHHS Inc. has suffered extensive damages due to the after math of the October 17‚ 1989 San Francisco Bay Area earthquake that hit at a 7.1 magnitude on the Richter scale. Twelve of the twenty-two stores have been closed for a varying period of time due to the large damages that occurred. In total‚ damages have summed to
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was a relationship between the realm of Forms and our world. This relationship revealed to us mortals the forms and brought order to life. Aristotle objected to Plato’s view‚ arguing that one cannot know the type of interaction which is occurring between the two Forms. If the “real or ideal forms” are eternal‚ pure and unchanging then how do they relate to the material objections or Forms on earth with all their physical imperfections? This participation or imitation link between the real and the
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predictable- always behaving or occurring in a way expected. Example: marriage‚ job‚ moving or living home‚ having children‚ retire‚ etc. 1) Marriage: it can be positive as an individual will learn to cope up with someone‚ will share bills and house with the partner so there will be no more stress of paying the bills alone and will start a family with partner. Negative effects is children could find it hard or uncomfortable if one of the parents remarry. Stressful marriage can lead an individual
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The difference between bacteria‚ viruses‚ fungi and parasites are: Bacteria are single celled organisms that can rapidly multiple themselves every 10 minutes up to 10 times each bacterial cell‚ but they do not live or reproduce in a human cell. When threatened they will make a copy of their DNA to enable them to come back to life in the right conditions. They are able to survive in most extreme living conditions including with and without oxygen‚ there are various types of bacteria such as Cocci/Coccus
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