Chapter 6 Cost-Volume-Profit Relationships Solutions to Questions 6-1 The contribution margin (CM) ratio is the ratio of the total contribution margin to total sales revenue. It can be used in a variety of ways. For example‚ the change in total contribution margin from a given change in total sales revenue can be estimated by multiplying the change in total sales revenue by the CM ratio. If fixed costs do not change‚ then a dollar increase in contribution margin will result in a dollar
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Questions 1. Which of the following statements about managerial accountants is false? A. Managerial accountants more and more are considered "business partners." B. Managerial accountants often are part of cross-functional teams. C. An increasing number of organizations are segregating managerial accountants in separate managerial-accounting departments. D. In a number of companies‚ managerial accountants make significant business decisions and resolve
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103-Managerial Economics OBJECTIVES: The course in Managerial Economics attempts to build a strong theoretical foundation for Management students. The course is mainly analytical in nature and focuses on clarifying fundamental concepts from microeconomic viewpoint. The students are expected to study and analyses the dynamics of managerial decision making through this course. Also wherever possible‚ students are expected to study‚ analyses and interpret empirical evidence and case studies available
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Agarwal (1983) in his study entitled‚ “stress proneness adjustment as predictor of administrative effectiveness of principals”‚ made the study with the sample comprising 423 principles belonging to the intermediate colleges. The dependent variable was the administrative effectiveness and it was measured with the help of the administrative effectiveness scale. 0.86 was the reliability coefficient in the study. For measuring the principals’ stress proneness‚ the administrative stress proneness scale
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Case Study: Executive and Managerial Planning in Bosch Subsidiaries in Kazakhstan Possible solution: Corporate Philosophy: The founder Robert Bosch gave the company his name and created values that still apply today. “It is my intention‚ apart from the alleviation of all kinds of suffering‚ to promote the moral‚ physical and intellectual development of the people.” One of the most important achievements of technological progress has been the growth in productivity
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background needed to complete the cases is readily available in the text‚ the CPA Canada Handbook‚ IFRS or in companies’ annual reports. The SEDAR web site is an excellent source of annual reports and the notes on accounting practices in these reports provide valuable background material on industry practices. In some instances‚ students will be expected to do some additional research to determine specific accounting practices not yet covered in the course or by accounting standards. There is no objection
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Exam Results THE FIELD OF ORGANIZATIONAL BEHAVIOR AND HUMAN PER Please print a copy of this evaluation if you wish to retain it for your records. This exam will be available for you to view and print for 30 days only. Student Number Date Graded 06/08/10 Examination 06052900 Grade 75 Document ID 41658789 Question Number Your Answer Answer Reference 1. B Correct 2. D Correct 3. C Correct
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1. award: 7 out of 7.00 points TF Qu. 1 Activity-based costing involves a two-stage ... Activity-based costing involves a two-stage allocation process in which overhead costs are first assigned to departments and then to jobs on the basis of direct labor-hours. True False True / False Difficulty: Medium TF Qu. 1 Activity-based costing involves a two-stage ... Learning Objective: 03-01 Understand the basic approach in activity-based costing and how it differs from conventional costing
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synopsis of Managerial Economics and Organizational Architecture are as follows : 1. The assignment of decision rights within the firm 2. The methods of rewarding individuals 3. The structure of systems to evaluate the performance of individuals and units These three components are often referred to a stool with three legs. If one of the legs is shorter‚ the stool is out of balance. These three elements must be in balance in the organization as well. 1 The study the three
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BarCharts‚ Inc.® WORLD’S #1 QUICK REFERENCE GUIDE ACCOUNTING BASICS CONCEPTS‚ PRINCIPLES & BASIS A. Entity Concept • An organization stands apart from other organizations as a separate economic unit B. Going Concern Concept • Entity will continue to operate long enough to recover cost of its assets C. Time Period Concept • Report information at regular intervals D. Reliability Principle • Accounting records must be based on the most reliable (verifiable by an independent observer)
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