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 can be used
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Drawing on appropriate evidence from Chapter 5‚ describe how groups can influence people in positive and in negative ways. In this essay‚ I am going to describe how groups can influence people in a positive and in a negative ways. I will be using evidence drawn from Chapter 5 of the study text ‘’Starting with psychology’’ Spoors et al (2011). It is in a human nature to be a part of a social group. Belonging to a group‚ such as family‚ clubs‚ sport teams or group of friends‚ give us support
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THE COST AND SALES CONCEPT Cost is defined as a reduction in the value of an asset for the purpose of securing benefit or gain. Cost is defined in a hotel and restaurant as the expense to a hotel or restaurant for goods or services when the goods are consumed or the services are rendered. KINDS OF COSTS 1. Fixed costs – are those that are normally unaffected by changes in sales volume. They are said to have little direct relationship to the business volume because they do not change
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manufacturing or trading‚ require cost accounting to track their activities.[1] Cost accounting has long been used to help managers understand the costs of running a business. Modern cost accounting originated during the industrial revolution‚ when the complexities of running a large scale business led to the development of systems for recording and tracking costs to help business owners and managers make decisions. In the early industrial age‚ most of the costs incurred by a business were what modern
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I would like to express my deepest appreciation to all those who provided me the possibility to complete this report .Firstly‚ I would like to thank my additional mathematics teacher‚ Puan Rohana bt. Dalmen for her guidance and constant supervision as well as for providing necessary information regarding the project and also for her support in completing the project. I would like to express my gratitude towards my parents and family members for their kind co-operation and encouragement which helped
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Costs and Consequences: Sweated Labor and Consumer Bargains Introduction: In order to make a wide variety of goods available at ever-decreasing prices or to maintain profits‚ retailers rely on low labor costs and working conditions that are often illegal in the United States. Tasks: Based on the information in the "Student Voice" section of Chapter 2‚ pp. 18–20‚ of your textbook‚ would you stop shopping at certain retailers? Is the consumption of food and clothing somehow different from the
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each section are provided in the Course Description. Part A – Microeconomics – Worth 10% of total assessment: Answer any five (5) of the following questions. Each question is worth 10 marks; Question 1: (a) Explain the impact of external costs and external benefits on resource allocation; (2.5 marks) Ans : Resources are over - allocated when negative externalities exist because the equilibrium price is too low. Resources are under - allocated when positive externalities exist because the
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It was drawn to my attention that we are presently calculating the average daily power factor as the sum of the all the power factor measurements taken during that day divided by the total number of measurements {∑Pf1+Pf2+Pf3+…Pfn}/n. According to teachings on this subject this is entirely incorrect. Furthermore a document was written about this very theory some years ago by one Mr. Lampkin and it is apparent that no change was made to correct the calculations (please refer to). The following is
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Babe Ruth isn’t human. Indeed he’s not human when we talk about baseball. He’s records are incredible. They cannot be broken by any other human being and for 30 years he has stood number 1 in the hall of fame. Now here are his records. * Batting average: .342 Home runs: 714 Hits: 2‚873 RBI: 2‚213 Pitching W/L record: 94-46 ERA: 2.28 These records are still 1st in the world’s baseball league. Remember that baseball is a game of records and Babe Ruth’s records are still standing 1st which means
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Formula for Grade Average Calculation There are 3 grade averages: TGA‚ CGA and GGA. TGA (Term Grade Average) is the combined grade average covering all courses taken in the term and the session immediately following. CGA (Cumulative Grade Average) is computed based on all the courses taken by the student which are expected at the time of calculation to be applied towards the degree requirements in the current program. TGA & CGA = Sum of (Course Credits x Course grade points) Sum of Course Credits
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