Definition and explanation of mixed or semi variable cost: A mixed cost is one that contains both variable and fixed cost elements. Mixed cost is also known as semi variable cost. Examples of mixed costs include electricity and telephone bills. A portion of these expenses are usually consists line rent. Line rent normally is fixed for each month. Variable portion consists units consumed or calls made. The relationship between mixed cost and level of activity can be expressed by the following equation
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CHAPTER 22 The Costs of Production Topic Question numbers ___________________________________________________________________________________________________ 1. Costs: explicit and implicit 1-9 2. Profits 10-23 3. Short run versus long run 24-31 4. Law of diminishing returns 32-55 5. Short-run costs 56-157 6. Long-run costs 158-193 Last Word 194-196 True-False 197-210 ___________________________________________________________________________________________________
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products. Chuck questioned if the current cost-management system was providing the management with accurate data about product costs. In a traditional‚ volume-based product-costing system‚ only a single predetermine overhead rate is used. All manufacturing-overhead costs are combined into one cost pool‚ a grouping of individual indirect cost items‚ and they are applied to products on the basis of a single variable that costs over a given time span (cost driver) that is closely related to production
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Product cost is the cost of direct labor‚ direct materials‚ and manufacturing overhead that are consumed to create a product. Product cost can also be considered the cost of the labor required to deliver a service to a customer. Direct Material Cost Definition: Direct material cost is the cost of materials used to manufacture a product or provide a service. Direct Labor Definition: Direct labor is production or services labor that is assigned to a specific product‚ cost center‚ or work order
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Tough Break: Response “Tough Break” is written by Tim Rogers (Motives for Writing‚ Pg148). The essay discusses the differences between the men and women participating in the sport of professional billiards and one woman’s quest for a championship title. Rogers touches on gender issues and stereotypes related to gender in the essay. He makes that clear by discussing the differences in behavior exhibited by male and female participants in the sport. He points out how the two genders are perceived
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Even though nursing is not everyone‚ anyone can learn nursing skills and techniques but some not at the same pace because everyone is different. There are lots of techniques and skills you can learn and will always remember from nursing because Nursing techniques can be learned and applied by people from all walks of life and can also save life’s. First‚ There are lots of techniques and skills you can learn and will always remember from nursing because Nursing skills techniques can be learned and
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Although winter and spring break are similar in some aspects‚ the routine for each is fairly different. To start off‚ winter break happens during a festive time of year‚ with Christmas coming right around the corner. The trees are decorated with bright‚ colourful lights‚ carolers are singing joyous songs and the warmth of hot chocolate‚ tea‚ and coffee are right at your fingertips. On the other hand‚ spring break doesn’t have any special events that gets the entire nation excited. There aren’t any
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Dylan Farmer 1/24/2012 English 101 Spring break is mainly a time of partying for most teenagers that go to my high school‚ but I was off to California with my girlfriend’s family to pretty much explore a whole other side of the U.S. California is the place that every person and the world wants to go for their spring break. I was very happy that my girlfriend’s mom is a travel agent‚ so we got a pretty good deal for the prices of our flight and on the hotel prices. Just for extra fun we
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ADM 3301 Sample Mid-term Exam Duration: 2.5 hours Student name:_______________________ Student No.__________________ INSTRUCTIONS: 1- Write down the exam copy number (that exists at the top right corner of this page) on the identification white card next to your name. 2- Verify that your exam has 9 pages (including this title page). 3- Answer all questions on your examination copy. Use the opposite (blank) side‚ if necessary. Answers or calculations written on the sheet
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Designing a reward system Tabitha Sowards HSM/220 May 5‚ 2013 Brandon Robinson Designing a reward system When designing a rewards system within an organization there are several factors. First‚ look at the organization and focus on what matters most for that particular organization. Then focus in on the employees and what needs they have in particular. After breaking down the focus‚ you can move forward into creating a rewards system that not only fits but also everyone benefits from.” Reward
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