administrative expenses were as follows: Total cost Rs. Beginning inventory: Direct materials Direct labour Variable factory overhead Fixed factory overhead Total Current period costs: Direct materials Direct labour Variable factory overhead Fixed factory overhead Total Selling and administrative expenses: Variable Fixed Total Instructions: 1. 2. 3. Prepare an income statement based on the variable costing concept. Prepare an income statement based on the absorption costing concept. Give the reason for
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Financial Statement Differentiation Paper ACC/HC561 Financial Statement Differentiation Paper Financial statements are what companies use to give management‚ creditors‚ and investors information about the financial stability of their organization. This is one way for the company to measure and quantify their financial performance. Throughout the paper the discussion will be based on the four types of financial statements and who would benefit from them. The Four types of Financial
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Fogarty 8/23/2013 An Extended Investigation | Liam Hallam Cameron Martin | Bottle Rockets | Table of Contents This extended investigation serves to examine and evaluate the physical forces that affect the flight of a bottle rocket. This will be accomplished by altering the water levels and the level of air pressure (psi) within the rocket will be altered‚ and tested‚ to further understand the mechanics of bottle rockets. Introduction Rocket flight has long been at the forefront of the human
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For Bottle Flipping? Bottle flipping may be a pain for some kids and adults but‚ it can be a relieving and fun time for other people and companies. If you feel bottle flipping benefits in the ways that it makes money‚ relaxes you‚ and a fun time then it will result in an awesome time for you and all the others who love bottle flipping! Bottle flipping‚ among other expensive spa trips‚ can soothe and relax your mind from stress and worry. The sounds of the bottle and the water hitting the surface
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Five (5) price adjustment strategies Discount and allowance pricing This is when companies adjust their price to reward customer for certain response. Such as early payment of bills and buy one get one half price or free. The many form of discount include a cash payment discount‚ a price reduction to buyers who pay their bills promptly. For examples “2/10 net 30‚” this means although payment is due within 30 days‚ the buyer can deduct 2 percent if the bill is paid within 10 days. Also buyers
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Determining Leadership Styles BD LDR/531 30 August 2010 Determining Leadership Styles One of the most important tasks any business leader must undertake is a personal assessment. An honest inventory of skills‚ strengths and weaknesses of a business leader can give insight into those areas that need improvement as well as those that can be accepted
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can cost a product and determine its price at any activity level The main costs and elements that a business needs to consider‚ taking into account the nature of these costs as well are: * Expense of buying vehicles or maintaining it * Mortgage * Business Rates * Wages Extra / Wages * Drawings * Advertising * Insurance * Loan repayment interest * Loan repayment capital * Purchases / VAT on purchases * VAT paid to C & E Variable costs are those costs
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Section B Attempt Any Six Questions (6*5= 30) 1. Company A’s costs are mostly variable‚ whereas Company B’s costs are mostly fixed. When sales increase‚ which company will tend to realize the greatest increase in profits? Explain. 2. Crystal Telecom has budgeted the sales of its innovative mobile phone over the next four months as follows: Sales in Units July. . . . . . . . . . . . . . 30‚000 August . . . . . . . . . . . 45‚000 September . . . . . . . . 60‚000 October . . . .
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Decorative: 8 1.1.2 Industry Structure-Industrial Paints: 9 1.1.3 Industry Characteristics: 10 1.1.4 Margins and Industry Attractiveness 10 1.1.5 Decorative Paints industry: Working capital intensive 13 1.2 Segmentation 14 1.2.1 Price based segments in architectural paints 15 1.3 Current Scenario 16 1.3.1 Market Size 16 1.3.2 Growth Rates 17 1.3.3 Manufacturing Bases & Capacities 18 1.3.4 Raw Materials 19 1.3.5 Backward integration 21 1.3.6 Distribution methods
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Week I Quiz Results/Answers ECO561 1. Revenue increases when * producer surplus increases 2. An increase in the price of an inelastic good * increases revenues 3. Price elasticity of Demand increases when * people become less price sensitive over time 4. The purpose of a market in a market system is to * bring buyers and sellers into contact 5. By specializing in the production of one good‚ a company is able to benefit from economies of scale which increases its revenue. Which
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