CHAPTER 10 Standard Costing and Performance Measures for Today’s Manufacturing Environment ANSWERS TO REVIEW QUESTIONS 10-1 Management by exception is a managerial technique in which only significant deviations from expected performance are investigated. 10-2 Any control system has three basic parts: a predetermined or standard performance level‚ a measure of actual performance‚ and a comparison between standard and actual performance. The system works by making the comparison between
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Chemistry Exam 2 Notes/Outline Exam Chapters and Topics: 13.1-13.2 Reaction Rates 13.3-13.4 Integrated Rate Law 13.4-13.6 Effect of Temperature‚ Catalysts‚ Reaction Mechanisms II 21.1-21.2 Radioactive Particles‚ Rates of Decay 14.1-14.2 Introduction to Equilibrium‚ Reaction Quotient 14.3 LeChatelier’s Principle 14.4-14.5 Equilibrium Calculations Chapter 13 I. Reaction Rates Chemical Kinetics: The study of the rates of chemical reactions These reactions occurs when a reactant species
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Solution A homogeneous mixture of two or more substances with each substance retaining its own chemical identity. Solute – substance being dissolved. Solvent – liquid water. General Properties of a Solution 1. Contains 2 or more components. 2. Has variable composition. 3. Properties change as the ratio of solute to solvent is changed. 4. Dissolved solutes are present as individual particles. 5. Solutes remain uniformly distributed and will not settle out with time. 6. Solute
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Spread of Chinese Civilization: Japan Chapter Summary. The peoples on China’s borders naturally emulated their great neighbor. Japan borrowed heavily from China during the 5th and 6th centuries when it began forming its own civilization. To the north and west of China‚ nomadic peoples and Tibet also received influence. Vietnam and Korea were part of the Chinese sphere by the last centuries b.c.e. The agrarian societies of Japan‚ Korea‚ and Vietnam blended Chinese influences with their indigenous
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CHAPTER FOUR Q4.3. Power Toys (a) Since every resource has exactly one worker assigned to it‚ the bottleneck is the assembly station with the highest processing time (#3) (b) Capacity = 1 / 90 sec = 40 units per hour (c) Direct labor cost = Labor cost per hour / flow rate = 9*$15/h / 40 trucks per hour = $3.38/truck (d) Direct labor cost in work cell= (75+85+90+65+70+55+80+65+80) sec/truck * $15/hr = $2.77/truck (e) Utilization = flow rate / capacity 85 sec / 90 sec = 94.4% (f) (g) Capacity = 1
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International Economy and Foundations of Modern Trade Theories Multiple Choice Questions 1. A primary reason why nations conduct international trade is because: a) some nations prefer to produce one thing while others produce other things. b) resources are not equally distributed among all trading nations. c) trade enhances opportunities to accumulate profits. d) interest rates are not identical in all trading nations. 2. Free traders
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handles billing customers X 10. Depreciation on the equipment in the fitness room used by factory workers X 11. Telephone expenses incurred by factory management X 12. The costs of shipping completed radar sets to customers X 13. The wages of the workers who assemble the radar sets X 14. The president’s salary X 15. Health insurance premiums for factory personnel X Exercise 2-3 (15 minutes) 1. Cups of Coffee Served in a Week 1‚800 1‚900 2‚000
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1. Market risk is the chance that a totally unexpected event will have a significant effect on the value of the firm or a specific investment. Answer: FALSE 2. Purchasing-power risk is the chance that changes in interest rates will adversely affect the value of an investment; most investments decline in value when the interest rates rise and increase in value when interest rates fall. Answer: FALSE 3. If a person’s required return does not change when risk increases‚ that
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7-17 Healthy Hearth has sufficient excess capacity to handle the one-time order for 1000 meals next month. Consequently‚ the analysis focuses on incremental revenues and costs: |Incremental revenue per meal |$3.50 | |Incremental cost per meal | 3.00 | |Incremental CM per meal |$0.50 | |Number of meals
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CHAPTER 5: ACCOUNTING FOR GENERAL CAPITAL ASSETS AND CAPITAL PROJECTS OUTLINE Number Topic Type/Task Status (re: 13/e) Questions: 5-1 Distinguishing general capital assets from fund capital assets Describe New 5-2 Capital asset disclosures Explain New 5-3 Modified approach for infrastructure Describe New 5-4 Capital lease accounting Describe 5-8 revised 5-5 Asset impairment Explain New 5-6 Use of capital projects funds Explain 5-4 revised 5-7 Encumbrances Explain Same 5-8 Construction
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