Financial and Management Accounting-2 ASSIGNMENT Marks: 10 Question: Due to erratic sales of its sole product-a high-capacity battery for laptop computers-PEM‚ Inc.‚ has been experiencing difficulty for some time. The company’s contribution format income statement for the most recent month is given below: Sales (19‚500 units*$30 per unit) $585‚000 Variable expenses 409‚500 Contribution margin 175‚500 Fixed expenses 180‚000 Net operating
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TABLE OF CONTENTS PAGE 1. INTRODUCTION 2 2. DEFINITION OF TERMS 2.1. Theory 2 2.2. Community 2 3. HUMAN BEHAVIOR THEORIES 3.1. Social Construction 2 3.2. Examples of Social Construction 4 3.3. Asset Based Community Approach 4 3.3.1. What is Asset Based Community Approach? 5 3.3.2. Discussion on ABCD 5 3.3.3. How is it facilitated in communities? 6 4. CONCLUSION 7 REFERENCE LIST 8 1. INTRODUCTION
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decision-making authority to the manager. The costs of divergent behaviour that arises as a result of the agency relationship are referred to as agency costs. Furthermore‚ Watts and Zimmerman (1978) developed the theory of positive accounting which is focused on the assumption that ‘all individual action is driven by self-interest and that individuals will act in an opportunistic manner to increase their wealth’. Based on Watts and Zimmerman’s theory‚ Deegan suggests that owners would expect managers
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Assessment Part 2: Management theory essay (individual) Classical Viewpoint This report will focus on the classic viewpoint style of management‚ and how this may be able to assist Quik Clips hairdressing in becoming more profitable and successful by introducing key aspects that the classical viewpoint entails. I will also contrast this with another well know viewpoint behavioural giving a brief summary the key elements and the key similarities and differences between the two contrasting styles
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Chapter 4 – Theory of Consumer Behavior Economics 11 – UPLB Prepared by T.B. Paris‚ Jr. December 11‚ 2007 Theory of Consumer Behavior Useful for understanding the demand side of the market. Utility - amount of satisfaction derived from the consumption of a commodity ….measurement units utils Utility concepts cardinal utility - assumes that we can assign values for utility‚ (Jevons‚ Walras‚ and Marshall). E.g.‚ derive 100 utils from eating a slice of pizza ordinal utility
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consider the practice to be unethical‚ largely due to its conflict with traditional American values of self-reliance and fairness. APPLICATIONS Hiring family members can also provide benefits to companies‚ for example by reducing their health insurance costs. Nepotism can also extend to older family members. Bill Gate’s father serves as the Gates Foundation’s chairman. Wrigley is another successful company that has been run by a family for many years. One Business Week story noted that family-run businesses
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Organizational Theory and Behavior Homework #3 October 9‚ 2007 What advancement barriers did Lisa encounter? Although Lisa Weber was a highly qualified‚ ambitious analyst for the firm‚ she never had a chance for advancement because of that glass ceiling. The idea of becoming a partner was always visible‚ but never attainable because of the various obstacles she had to face. The same obstacles most women face when trying to climb the corporate ladder. Several barriers stood in Lisa’s path
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Chapter 1 An Introduction to Managerial Accounting and Cost Concepts Introduction to Managerial Accounting MSc. Mohammad Hicham Khalil Objectives 1. Comparison of Financial and Managerial 2. 3. 4. 5. 6. 7. 8. Accounting. General Cost Classifications. Product Cost versus Period Cost. Cost Classifications on Financial Statements. Cost Classifications for Predicting Cost Behavior. Cost Classification for Assigning Costs to Cost Objectives. Cost Classification for Decision Making. Review
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Theories gave organizations a framework for knowledge and a guide to achieving their goals. The Industrial Revolution prompted the need for better supervision of workers to boost productivity within the automobile‚ steel‚ and coal industries. It is because of this need that the various theories of management began to take shape. The classical management theory‚ which came about during the Industrial Revolution‚ focused on the single best way to perform and manage tasks. This enabled factories
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40 a- Cost of goods manufactured = Direct cost + Indirect cost = [Direct Cost of Material + Direct Cost of Labor] + [Indirect Cost of Material + Indirect Cost of Labor + Utilities Overhead] = Total Cost of Material + Total Cost of Labor + Utilities Overhead = 120‚000 + 90‚000 + 40‚000 = $ 250‚000 b- Total Cost of Operation = Cost of goods manufactured + Selling‚ General admin. and expenses. = 250‚000 + 60‚000 = $ 310‚000 c- Prime Cost =Direct Material Cost + Direct Labor
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