TOTAL DIRECT LABOR COST VARIANCE CAN BE SPLIT INTO • Direct labor rate variance (P) Calculation: actual total labor costs - (total actual labor hours worked x budgeted labor hour rate) Interpretation: calculates the portion of labor costs variance driven by the changed labor rate per hour Possible reasons for variances: changes in staff qualification and skills‚ general increase of wages in economy‚ premiums paid to finish a job quickly‚ poor budgeting • Direct labor quantity (efficiency) variance
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High-Low Method The controller of PATAY Hospital would like to come up with a cost formula that links admitting department cost to the number of patients admitted during a month. The admitting department’s costs and the number of patients admitted during the past nine months follow: Month Number of Patients Admitted Admitting Department’s Cost April 18 P 15‚ 600 May 19 P 15‚ 200 June 17 P 13‚ 700 July 15 P 14‚ 600 August 15 P 14‚ 300 September 11 P 13‚ 200 October 11 P 12‚ 800 November
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Colorscope (a) Why would any customer go to Colorscope rather than the large printers listed in Exhibit 3? (b) Set up a two-stage cost system to figure out the profitability of different jobs. Choose resource drivers to allocate the cost of resources to cost pools. Then choose cost drivers to allocate the costs from various pools to jobs. Calculate the cost driver rates. Calculate the profitability of Job 61001. (c) Calculate the profitability of Customer 16. (d) How costly is rework
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ACC310 Cost Accounting University of ASHFORD http://www.accttutorials.com/downloads/acc310-cost-accounting-university-ashford/ Click above Link to get this A Graded Material For More information visit our website: http://www.accttutorials.com ACC310 Cost Accounting University of ASHFORD ACC 310 Week 1 DQ 1 Information for Decision Making and Cost Concepts and Behavior Complete Exercise 1-18 and 2-19. Remember to complete all parts of the problems and report the results of your analysis. Do
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Case analysis "Cost of Capital at Ameritrade" Cost of capital refers to the maximum rate of return a company must earn from its investments‚ so that the market values of the company’s equity shares do not go down. The people at Ameritrade are not in agreement on the best estimate of the cost of capital. Research analyst put the cost of capital at 12%‚ while other members of the management estimate it to be at 9% and the CFO estimates it to be at 15%. The CEO of the company is optimistic that
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cost and benefits at asda Teacher guide Costs and benefits of T&D - ASDA Where does the lesson fit? This session would follow a general introduction to training and development in an HR or People in Business module. Suggested resources & activities related to costs and benefits of training and development and ASDA • • • • • • Full ASDA case study Costs and benefits of T&D PowerPoint Training and development lesson resources (introductory session) ASDA crossword ASDA word search ASDA quiz
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Analysis 1: Memory Cost Throughout the years prices of computers have dropped and the memory in the computers has gotten substantially higher. Moore’s Law tells us that the number of processors doubles every two years. Well this is causing technology or computers in this case to basically double as well. In 1957 a 0.00098 KB RAM cost $392. This is unbelievable to me considering today my phone has two-billion times the RAM. In 1955 the amount of ROM on an IBM hard-drive was 12 MB and cost a whopping $74800
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The costs for services that are provided in each department of a medical facility must be analyzed and allocated. These costs are indirect and are usually allocated by using two common methods known as the direct method and step-down method. The direct method is used “ to allocate costs from the general services departments to each patient service department in one step” (Smith‚ 2014). The direct method calls for financial accounting to document the immediate movable expenses that is in each
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Task 1 Task 1 A start-up cost is a cost that you start with for example in the flower shop it would be a deposit on the shop and the first month’s rent. Also the first lot of stock‚ advertisement a sign‚ table‚ counter‚ till and a credit card machine. The operating costs are costs that you carry on paying for throughout the time your business is open‚ for example in the flower shop they would be rent‚ wages‚ heating and lighting‚ insurance‚ loan interest‚ drawing (personal salary) ‚ ribbons
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Cost and Revenue Curves Simulation Having different business objectives is one way of showing the differences in output and its way to use total revenues and total cost curves. The shape of the total cost will depend on what happens to marginal cost. The profit maximizing outputs occurs when at the greatest vertical distance between the TR and TC curves. However‚ revenue maximization occurs at a higher output level. Any corporation is an organization with several groups like employees‚ managers
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