Variable costing vs Absorption costing Variable and Absorption costing are two different methods and ways that many organizations use to determine and calculate product cost. The income statements formats of both methods include period and product costs. However‚ each one has a different cost classification definition. Both have the same direct material and direct labor allocation‚ the differences is how they report the income‚ product‚ and pricing One of the main differences between
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Experimental Procedures Independent Variable The independent variable is the factor that is being altered to produce a result. There are two independent variables in this experiment which are the brand of dishwashing detergent; Palmolive‚ Morning Fresh and Ultra Coles Brand and the type of bacteria used which are; Micrococcus Luteus and an unknown bacteria from a sponge. Dependent Variable The dependent variable is the factor that is being tested which is the size of the zone of inhibition from
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resources‚ and what the cost is driven from. 2-2. Two rules of thumb when analyzing cost behavior are to manage what the company manufactures‚ sells‚ and to give advice as to where costs can be reduced. 2-3. Three examples of a variable cost are a 12% increase in the production of dresses‚ which will cause a 12% increase in variable costs. A 10% increase in clothes will cause an 10% increase in variable costs. A 30% increase in labor hours will cause a 30% increase in variable costs. Three examples
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is common knowledge that the prices people have to pay for accommodation in hotels vary enormously. Furthermore‚ hotel revenue managers probably posses or more or less accurate intuition of what causes room rates to diverge. However‚ they do not know how Online Travel Agent sites select the leading hotels to be placed on their first search page. In this respect‚ some determinants are expected to be associated with hotel prices in a more or less linear way. To say it differently‚ price differences
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0.3 or take a loss of $1000 with probability 0.7. What is this person’s expected gain? 4.10 Two tire-quality experts examine stacks of tires and assign a quality rating to each tire on a 3-point scale. Let X denote the rating given by expert A and Y denote the rating given by B. The following table gives the joint distribution for X and Y . 4.12 If a dealer’s profit‚ in units of $5000‚ on a new automobile can be looked upon as a random variable X having the density function fx= 21-x‚0<x<10
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Advantages and disadvantages of variable costing Many managers use variable costing for internal reporting and decision making since it has number of advantages (Myers par. 1). First‚ on variable costing reports costs are organized by behavior which makes it easier to understand. Also‚ variable costing statements facilitate cost volume profit (CVP) analysis because it separates cost behavior by fixed and variable. Under variable costing‚ changes in inventory or production do not affect the net operating
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The structure of the enzyme is mainly dependent on the active site and variable groups. Extreme temperatures or extreme pHs can alter the structure of an enzyme. Enzymes function to lower the activation energy to break the bonds. They achieve this by putting stress and pressure on the bonds or creating a microenvironment for the substrate. Enzymes are regulated by inhibitors or activators and can be inhibited by the products of the reaction‚ called feedback inhibition. Enzymes are catalytic
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CULTURAL VARIABLES INFLUENCING BEHAVIOR Many variables influence the behavior of individuals within a culture (Sanchez-Boyce‚ 1993). The manner in which services are provided may be influenced by general cultural practices in combination with variables unique to the individual (Anderson‚ 1994; Payne‚ 1995)‚ Thus‚ professionals must understand not only general characteristics of various cultural groups‚ but also the variables that interact to make each student and family unique within that cultural
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000 for direct labor. From this information‚ it appears that the company is using a predetermined overhead rate‚ as a percentage of direct labor costs‚ of: A. 50% B. 200% C. 300% D. 20% 2. Job 607 was recently completed. The following data have been recorded on its job cost sheet: The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $14 per machine-hour. The total cost that would be recorded on the job cost sheet for Job 607 would
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company ’s profitability. B. changes in variable costs on a company ’s profitability. C. changes in fixed costs on a company ’s profitability. D. changes in product sales mix on a company ’s profitability. E. All of these. 2. The break-even point is that level of activity where: A. total revenue equals total cost. B. variable cost equals fixed cost. C. total contribution margin equals the sum of variable cost plus fixed cost. D. sales revenue equals total variable cost. E. profit is greater than zero
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