Break-even Analysis The annual maintenance coast of machine shop is P 69‚994. If the cost of making a forging is P 56 per unit and its selling price is P 135 per forged unit‚ find the number of unit to be forged to break-even. Solution: Let: x = number of units to be forged to break-even Income = 135x Expenses = 69‚994 + 56x To break-even: Income = Expenses 135x = 69‚994 + 56x 79x =69‚994 x = 886 units Steel drum manufacturer incurs a yearly fixed operating
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I. Cost behavior defined Module 4 Review Questions The left column lists several cost classifications. The right column presents short definitions of those costs. In the blank space beside each of the numbers in the right column‚ write the letter of the cost best described by the definition. A. Curvilinear cost B. Step-wise cost C. Fixed cost D. Mixed cost E. Variable cost F. Total Cost ___E_1. This cost increases in direct proportion to increases in volume; its amount is constant for each unit
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2. Depreciation is an allocation of a sunk cost. This cost is a past cost and will never differ across alternatives. 3. The salary of the supervisor of an assembly line with excess capacity is an example of an irrelevant future cost for an accept-or-reject decision. 4. Past costs can be used to help predict future costs. 5. Yes. Suppose‚ for example‚ that sufficient materials are on hand for producing a part for two years. After two years‚ the part will be replaced by a newly engineered
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ELEKTRA PRODUCTS‚ INC. CASE ANALYSIS REPORT I. BACKGROUND: As to the Company: Elektra Products‚ Inc. is an 80 year old company‚ publicly held and had once been a leading manufacturer and retailer of electrical products and supplies. Challenges that have to be addressed: In recent years‚ the company experienced a host of problems as follows: declining market share due to increased foreign and domestic competition; new product ideas were few and far between; departments such as manufacturing and
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1: Score 0/4 Your response Exercise 5-1 Fixed and Variable Cost Behavior [LO1] Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $1‚200 and the variable cost per cup of coffee served is $0.22. Requirement 1: Fill in the following table with your estimates of total costs and cost per cup of coffee at the indicated levels of activity for a coffee stand. (Round average cost per cup of coffee to 3 decimal places. Omit the
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In the book‚ “12 Years A Slave” by Solomon Northup establishes a torturous experience. Solomon Northup was a free man living in upstate New York. The primary author‚ Solomon Northup experienced being a slave. Soon after he dedicated himself in writing his life experience. The book about Solomon Northup was technically about being kidnapped and sold to be a slave for twelve years establishing an interest in the abolitionist movement. Solomon Northup did a fantastic job in his book revealing his story
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Statement of Comprehensive Income for the year ended 31 March 2011 | | Notes | RM’000 | | Turnover (600‚000 – error 5‚000) | 2 | 595‚000 | | Cost of sales (408‚000 + dep:LP 5‚000 + dep:PPE 19‚200) | | (432‚200) | | Gross Profit | | 162‚800 | | | | | | Distribution cost | | (29‚000) | W1 | Administrative expenses | | (43‚900) | W2 | Other operating expenses | | (15‚600) | | Profit from operations | | 74‚300 | | Finance cost | | (400) | | Loss on disposal of plant
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the ways enslaved African Americans responded to the challenges confronting them. Task: Close watch the film 12 Years a Slave (2013) and respond to the following discussion questions. "I believe empathy is the most essential quality of civilization." -Roger Ebert Discussion Questions Pleas write short responses and refer to scenes or lines from the film. 1. Solomon Northup’s Twelve Years a Slave was one of some 150 so-called "Slave Narratives" published before the Civil War. What was the purpose
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100 Years of Changes This century has been one of many changes and incredible inventions. If a person was to think about it‚ this century has taken us from horseback to fuel-injected horsepower‚ from gaslights to sodium-vapor streetlights‚ from crystal radios to digital television‚ from compasses to GPS navigation systems‚ from wood burning stoves to microwave ovens‚ from Victrolas to DVD players and of course from hot air balloons to jet propulsion aircraft.
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“In Praise of Margins” -Argument In the essay “In Praise of Margins‚” Ian Frazier elaborates on the idea that margins are needed for the purpose of our own sanity. Frazier believes that “as the world gets more jammed up‚ we need margins . . . where you can try out odd ideas that you might be afraid to admit to with people looking on.” He believes that by engaging in marginal activities we can manage to avoid most of the stresses this “jammed up” world has to offer. As a child‚ Frazier’s marginal
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