1. Cost-Plus Pricing 2 2. Demand – Estimate Pricing 3 3. Product-Mix Decision 4 4. Pricing Using Target Costing 5 Standard Costing and Variance Analysis 6 1. Standard Costing Performance 7 2. Variable Elements Analysis 8 3 Value and Limitations of Standard Costing and Variance Analysis 9 Discussion of Replacing Absorption Costing System with Activity Based Costing System 11 Advantages of Activity Based Costing 12 Disadvantages
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change substantially‚ a static budget can be a hindrance‚ since actual results may be compared to a budget that is no longer relevant. The static budget is used as the basis from which actual results are compared. The resulting variance is called a static budget variance. Static budgets are commonly used as the basis for evaluating sales performance. However‚ they are not effective for evaluating the performance of cost centers. For example‚ a cost center manager may be given a large static budget
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Gerrymandering The term gerrymandering refers to the practice of altering voting districts in order to achieve electoral results favorable to one person or party‚ usually the incumbent politician or party creating the new voting regions.1 This term‚ dating back to 1812‚ is an established method for incumbent politicians to improve their heresthetical “defense‚” by manipulating the dimensions of the political landscape.2 This tactic is extremely common in the United States and a prime example
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Carrabelle Boat Company Carrabelle Boat Company serves boaters with a small‚ lightweight fiberglass sailboat capable of being carried on a car roof. Though the firm could hardly be considered as one of the nation’s industrial giants‚ its burgeoning business had required it to institute a formal system of cost control. Jan Larson‚ Carrabelle Boat’s president‚ explained: Our seasonal demand‚ as opposed to a need for regular level production‚ means that we must keep a good line of credit at the bank
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DOWNLOADACC 349 Final Exam 1) What is the best way to handle manufacturing overhead costs in order to get the most timely job cost information? 2) At the end of the year‚ manufacturing overhead has been over applied. What occurred to create this situation?3) Luca Company over applied manufacturing overhead during 2006. Which one of the following is part of the year end entry to dispose of the over applied amount assuming the amount is material4) Which of the following would be accounted for using
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behaviors. Components of Operant Conditioning Some key concepts in operant conditioning: * A reinforcer is any event that strengthens or increases the behavior it follows. There are two kinds of reinforcers: 1. Positive reinforcers are favorable events or outcomes that are presented after the behavior. In situations that reflect positive reinforcement‚ a response or
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Financial analysis Profitability Gross profit margin amounted to 18% in 2011 and at 22.2% in 2010 with a decrease of 4% compared to a prior year. Decrease in the gross profit margin had been largely caused by the escalation in COGS which has resulted in a lower gross profit. This may point at an inefficient use of raw materials‚ labor and manufacturing related costs or basically an increased market price for raw materials and up surged wages. Followed by lower EBIT or operating profit margin
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Hodgkin’s Lymphoma Hodgkin’s Lymphoma is a cancer of the lymphoid system affecting approximately 9000 new patients each year in the United States (Ansell‚ 2016). The following paper is intended to research Hodgkin’s Lymphoma and will provide a description of the disease including statistics‚ risk factors‚ signs and symptoms‚ and tools used for diagnosis. Medical treatment‚ medications used in treatment‚ and nursing care provided for the treatment option utilized‚ will be researched and discussed
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Nike Inc. Nike Inc. is an American multinational corporation that is engaged in the design‚ development‚ manufacturing and worldwide marketing and selling of footwear‚ apparel‚ equipment‚ accessories and services. It is one of the world’s largest suppliers of athletic shoes and apparel and a major manufacturer of sports equipment‚ with revenue in excess of US$24.1 billion in its fiscal year 2012 (ending May 31‚ 2012). As of 2012‚ its employed more than 44‚000 people worldwide. Their first products
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Social learning theory focuses on definitions favorable to self-injury‚ differential reinforcement‚ and imitation which leads to subsequent self-injurious behavior; therefore‚ it is logical that this same framework be extended to inmates and their behavior. The hypothesis for the social learning risk model proposed by Lanes (2009) states that an inmate lacks positive developmental experiences which lead to psychological difficulties. These difficulties lead to lack of meeting subsequent tasks in
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