Wendy’s Chili 3/3/2015 Andrea Rodgers 1. Does the cost of chili vary with the seasons? If so‚ should the price vary accordingly? Explain. The cost of chili does vary by season. Because in some seasons it is more likely that Wendy’s restaurants will have to utilize beef patties that were not “waste” from unused hamburger patties‚ the cost of chili would be higher during these seasons. Of course‚ this assumes that the beef patties that are being used for chili that are “waste” from the hamburgers
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Strengths: Melissa greets the client in a polite and a professional tone. Upfront‚ she does offer empathy to the client regarding her concerns to show care and understanding. She suggests contacting the assigned CCS to further assist with updating the client with the loan process information. Inches: Accessing the account- To access the account‚ we should always ask for the ( loan number‚ phone number‚ SSN etc) from the client so that we and be sure we are accessing the correct account and
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larger number of units purchased ____A___ 8. Is an assumption that most closely reflects the physical flow of goods for most businesses ____D___ 9. Is not an acceptable method under IFRS Businesses incur various costs in selling goods and services. Each business must decide which costs are expenses of the period and which should be included in the cost of the inventory. The following table lists various types of businesses along with certain
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selfishness‚ leisure‚ and the skewed morals that Romans had developed‚ in his writing‚ The City of God. Just as Augustine’s writing was relevant to Romans in 410 AD‚ his writings are equally applicable to Americans today in that the empire’s morals had collapsed‚ its citizens had become infatuated with entertainment and worldly pleasures‚ and launched wars for selfish reasons in efforts to regain self security. In The City of God‚ Augustine points out the decay of Roman morals. He cites that as the Roman
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STANDARD COSTING VARIANCES Materials Actual Production X X X Vs. Standard Usage Standard Price Actual Usage Actual Production X X X Vs. Standard Usage Standard Price Actual Usage Actual Price Actual Price Total Variance Actual Production X X X Vs. Standard Price Actual Usage Actual Usage Actual Production X X X Vs. Standard Price Actual Usage Actual Usage Price Variance Actual Price Actual Price Standard Price Standard Price Actual Usage
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2.0 KAIZEN COSTING 2.1 What is Kaizen costing? Kaizen is a Japanese term that means continuous improvement. Kaizen events can be defined as making improvements through a process that emphasize small incremental amounts rather than large or radical improvement. Therefore in order to achieve this kaizen costing not include only continuous cost reduction but also continuous improvement of performance by increase the efficiency throughout the process. 2.2 Why we need Kaizen costing? Market prices
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STANDARD COSTING (VARIANCES) 1.1 Material costs variance = (Standard quantity x Standard Price) – (Actual quantity x Actual price) MCV = (SQ × SP) – (AQ × AP) 1.2 Material price variance = Actual quantity × (Standard price – Actual price) MPV = AQ × (SP – AP) 1.3 Material usage variance = Standard price (Standard quantity – Actual quantity) MUV = SP × (SQ –AQ) 1.4 Material cost variance = Material usage variance + Material price variance MCV = MUV + MPV 1. Material Variance Material usage
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A community-based human services organization is liked a uniquely approaching which the objective is meeting human needs through an interdisciplinary knowledge base‚ focusing on prevention as well as remediation of problems‚ and maintaining a commitment to improving the overall quality of life of service populations. It is a non-profit organization. Therefore‚ it heavily relies on secure and stable funding which comes from federal and provincial governments‚ donations‚ membership and user fees‚ etc
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* Standard Costing Introduction Cost figures‚ in general‚ can be divided into two broad categories. They are Historical Costs and Standard Costs. Historical costs are available‚ after they are incurred. Such cost figures may have some value‚ once they are analysed. By analysis‚ the inefficiencies and deficiencies in production may be detected. However‚ the damage would have occurred‚ by the time the analysis under Historical costs is made. Analysis can be done only after the completion of the
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are ten professional areas‚ which I have listed below:- 1. Organisational design 2. Organisational development 3. Resourcing and talent planning 4. Learning and development 5. Performance and reward 6. Employee engagement 7. Employee relations 8. Service delivery and information 9. Leading H.R. 10. Insights strategy and solutions Learning and development is one of the more technical professional areas. It ensures that people at all levels of the organisation possess and develope the skills knowledge
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