CHAPTER 12 PRICING DECISIONS AND COST MANAGEMENT 12-1 The three major influences on pricing decisions are 1. Customers 2. Competitors 3. Costs 12-2 Not necessarily. For a one-time-only special order‚ the relevant costs are only those costs that will change as a result of accepting the order. In this case‚ full product costs will rarely be relevant. It is more likely that full product costs will be relevant costs for long-run pricing decisions. 12-3 Two examples of pricing decisions with
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Ian Brown compels readers with his memoir of the challenges and rewards that come with raising a child with (dis)abilities. Brown provides evidence into the ramifications of ableism and the negative socio-cultural construction of (dis) ability‚ on top of‚ the inadequate support available. The compounding oppressions after exposure for an extended period create damaging psychological effects (Mullaly‚ 2007). Many of the economic‚ political‚ and social barriers the Brown’s encounter are due to ableism
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In the article “The Perils and Promises of Praise‚” Stanford psychologist Carol Dweck hypothesizes that praise for student’s endeavors encourages them‚ whereas‚ praising students for intelligence obscures the skills they can improve. Dweck insists that educators adjust the way they praise their student for the sake of present and future generation. Through research‚ Dweck came to the conclusion that different kinds of praise can affect how a student perceives themselves and how they do academically
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Unana‚ Dina B. AB Political Science In Praise of Reading and Fiction I learned to read at the age of five‚ in Brother Justiniano’s class at the De la Salle Academy in Cochabamba‚ Bolivia. It is the most important thing that has ever happened to me. Almost seventy years later I remember clearly how the magic of translating the words in books into images enriched my life‚ breaking the barriers of time and space and allowing me to travel with Captain Nemo twenty thousand leagues under the sea
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Direct materials = $52‚000 3. The Lyons Company’s cost of goods manufactured was $120‚000 when its sales were $360‚000 and its gross margin was $220‚000. If the ending inventory of finished goods was $30‚000‚ the beginning inventory of finished goods must have been: A. $150‚000 B. $20‚000 C. $50‚000 D. $110‚000 Cost of goods sold = Sales - Gross margin Cost of goods sold = $360‚000 - $220‚000 Cost of goods sold = $140‚000 4. Last month a manufacturing company had the following
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for $121.90 per unit. According to the activity-based costing system‚ the product margin for product P23F is: A. $9‚223.20 B. $7‚853.60 C. $5‚401.60 D. $22‚950.00 4. Kraska Corporation has provided the following data from its activity-based costing system: Data concerning one of the company ’s products‚ Product O11W‚ appear below: According to the activity-based costing system‚ the product margin for product O11W is: A. $4‚651.80 B. $1‚688.10 C. $17‚934.00 D. $3‚956.10
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What is contribution margin? In cost-volume-profit analysis of managerial accounting contribution margin is a very concept. The evaluation of contribution margin for any product is quite easy yet its usage is wide and when applied with various other metrics of CVP analysis such as PV Ratio‚ Break Even Point‚ variable cost‚ fixed cost‚ etc it helps to take major production decisions relating to volume of production and sales‚ and profitability of such levels of sales or production. Step 1:
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Questions 1. Does offering covered bonds hold the answer to credit rationing (credit crunch) in a financial crisis or does it just offer banks the opportunity to increase their margin? Discuss critically. (25%) In 2008‚ due to the global financial crisis took place in America‚ which made a bad influence all over the world in term of the financial market‚ banks decided to improve lending standards by providing higher interest rate than the market interest rate conditions for loans‚ which leads
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questioned as to whether he is “keenest for praise” or “deserving of praise”. Beowulf is idolized in the poem which speaks of his great courage. However‚ are his acts of valor for his own glory and well-being‚ or for the safety of others? As the audience reads Beowulf‚ the more indecisive we become on whether the Geat hero is acting out of want of fame or desire to do genuine good. The first demonstration of time where Beowulf shows he is in eager want of praise is when he says‚ “’I thought quickly
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All of these. 2. The break-even point is that level of activity where: A. total revenue equals total cost. B. variable cost equals fixed cost. C. total contribution margin equals the sum of variable cost plus fixed cost. D. sales revenue equals total variable cost. E. profit is greater than zero. 3. The unit contribution margin is calculated as the difference between: A. selling price and fixed cost per unit. B. selling price and variable cost per unit. C. selling price and product cost per unit
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