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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Forecasting HSM 260 07/19/2013 Forecasting Exercise 9.1 In the text‚ exercise 9.1 provides data for Palmdale Human Services. In this exercise it asks for the 20X5 figures using several forecasting models. The process of find 20X5 will include the use of moving averages‚ weighted moving averages‚ and exponential smoothing. The Palmdale Human Services personal expenses for the past four years are represented in the following data: Fiscal Year | Expense | 20X1 | $5‚250‚000 | 20X2 | $5‚500
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considerations are measurement issues. Financial measures‚ in particular‚ cost measures‚ are needed to evaluate alternate strategies on whether to introduce a new product or service line‚ to determine the appropriate sale price and the consequent market position for the firm’s product. Question 1) “Contribution” represents the portion of sales revenue that is not consumed by variable costs and so contributes to the coverage of fixed costs. To compute profit contribution that can be earned by carrying 1
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EM 505 - Decision Models‚ Fall 2012 Homework 3 - December 10-11‚ 2012 1. The diagram below depicts a system of aqueducts that originate at three rivers (nodes R1‚ R2 and R3) and terminate at a major city (node T) where the other nodes are junction points in the system. Using units of thousands of acre feet‚ the tables below show the maximum amount of water that can be pumped through each aqueduct per day and the following diagram shows the network of the system. From/To A R1 75 R2 40 R3 B 65 50 80
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Question4: What closing time should Citywide Spirits Shoppe choose to maximize profits? Through the Attachment: (Evening time) Contribution Margin = average purchase revenue-average purchase cost = $30.52-$23.25 = $7.27 per customer per purchase Average numbers of customer: (Attachment 2) close time averge customers Time Total customer 10pm 10.18 10pm~11pm 12 11pm 10.16 10pm~12pm 21 12pm 10.08 10pm~1am 27 1am 9.71 10pm~2am 32 2am 9.4 10pm~3am 36 3am 9.06 10pm~4am
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calculate Cost of Living Index (CLI). An index number measures the relative change in the price‚ quantity‚ value or some other item of interest from one time period to another. It is found by calculating the ratio of the current value to the value at another time point or at a different geographical location. The different types of simple index that are used are - Price Relative‚ Quantity Relative‚ Value Relative. A price index is a weighted average of price relatives. Cost of Living
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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
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the relevant cost is the cargo cost only. Therefore‚ profit contribution of carrying I ton of tapioca from Balik and Singapore: Expected revenue $5.10 Less freight cost (0.25+0.56) 0.81 Profit Contibution 4.29 From Singapore to Balik: Expected Revenue $2.70 Less freight cost (0.16+0.32+0
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What is break-even analysis? Analysis to establish that the point‚ by which the income received equals the costs tied together with obtaining the income. Break-even analysis predicts what is known as the margin of safety‚ amount which the income exceeds break-even point. It is an amount that the income can fall while still staying above the break-even point. What is break-even point? The break-even point is‚ a point‚ by which increases equal losses in general. The break-even point determines when
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Week Nine Final Project: Analyzing Financial Statements HSM 260 Current Ratio Table [ 1 ] | | 2002 | 2003 | 2004 | Current Ratio | Current Assets | $104‚296.00 | 0.75 | $82‚058.00 | 0.87 | $302‚902.00 | 0.43 | | Current Liabilities | $139‚017.00 | | $93‚975.00 | | $699‚004.00 | | An organization’s current ratio shows how liquid the assets of the agency are by comparison to the short term debts that the agency must pay to continue its operations. This ratio is calculated
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