Cost Classifications for Decision-Making. Every decision involves choosing from among at least two alternatives. Only those costs and benefits that differ between alternatives are relevant in making the selection. This concept is explored in greater detail in the chapter on relevant costs. However‚ decision-making contexts crop up from time to time in the text before that chapter‚ so it is a good idea to familiarize students with relevant cost concepts. 1. Differential Costs. A differential cost
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each purpose discuss whether information about current or future product costs is required. What implication does your answer have for developing a product costing system? L-S‚ T & H‚ page 131. Purpose Current / Future Product Costs Short-term decisions: product mix‚ pricing Future Longer-term strategic decisions Future Long-term pricing Future Plan future product-related costs Future Control of product costs Current Reimbursement contracts Current External reporting (inventory
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the revolutionary movement was because she met a girl by the name of Sinita‚ Sinita tells Minerva about all the horrible things Trujillo has done to her family; Minerva then considers how Trujillo isn’t the saint as everyone proclaims him to be and how being aware of what is happening has set her free‚ “And that’s how I got free. I don’t mean just going to sleepaway
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impact through establishing a leadership club called “Shamrock Lead.” The club is based on the values of leadership‚ service and mentorship. These three values were put into action by holding monthly leadership forums between students and faculty‚ participating in monthly service projects‚ and creating two mentorship programs. The mentorship programs I created were The Fr. Ned Donoher Mentorship Program‚ bringing together incoming freshmen and upperclassmen‚ and Shamrock Connect‚ facilitating connections
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street”(217) and that “nobody’d ever see [him] again”(217). Sweating through his shirt‚ he becomes so distressed that he begins to plead with Allie to save him‚ despite the fact that he considers the interaction “make believe”(218). Although Holden does not believe that Allie can really help him‚ he is driven to praying to him out of lack of better options. Holden is “still sweating”(218)‚meaning that his anxiety persists‚ as he decides to “go away”(218). Initially‚ it seems as though
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The government does not properly regulate media there is so much exposed to the world and it influence can have a negative reaction. On the flip side because there trying to keep up with the society more things are over looked. Like discussed in class‚ obscene things weren’t allowed or blatantly displayed in the past as they are now. It’s all moving to a more open society and the government is regulating accordingly. Because times have changed from just television‚ news‚ newspapers and radio to social
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Sunk Cost-cost that has already been incurred and cannot be avoided no matter what a manager decides to do. A business segment should only be dropped if a company can avoid more in fixed costs than it loses in: contribution margin Which of the following techniques describe how a bottleneck should be managed: Find ways to increase the capacity of the bottleneck‚ ensure there is minimal lost time at the bottleneck due to breakdowns and set-ups‚ focus business process improvement efforts on the bottleneck
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1 Recompute fixed costs‚ variable costs‚ and the BEP. What are the variable costs? What are the fixed costs? How many meals will the WHDM program need to provide during the fiscal year to reach the BEP? How much profit will the program earn if it completes its 45‚000-meal contract with the City of Westchester? The variable cost of service is $3.93 during the fiscal year the WHDM should provide 1‚011 meals to reach their BEP of $3‚665.76. The total profit the program will earn if it completes
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I. TITLE OF THE CSR PROGRAM “Child Labor Free Barangay Campaign” II. RATIONALE This program is designed to help less fortunate and those children that at the young age they already work for their family. In this program we’re going to have a solution for those child laborers for them to be minimized. The company will use their funds to have this program and by the help of the community we have been donations that get from different places. The purpose of this program also is to promote a
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4: Costs and Cost Minimization Multiple Choice 1. Suppose you are a star basketball player at a major university in your sophomore year. You are sought after by several NBA teams. Which of the following choices best characterizes your opportunity cost if you choose to drop out of college and enter the NBA? a) The value of your college scholarship that you have given up. b) The skills that two more years of playing at your college would have given you along with their additional value over
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