2009 TOPIC 7: ABSORPTION AND MARGINAL COSTING Outline: 1. Learning Objectives 2. Differences between absorption and variable costing 3. Impact on profit under each costing technique 1. Learning objectives a. Explaining the differences between absorption costing and marginal costing b. Explaining the impact on stock valuation & profit under each costing system c. Explaining the impact on under each costing system d. Preparing multi-period absorption and marginal costing profit statements 2. Explaining
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Explain how the strength of the economy as a whole could affect the marginal benefits and the marginal costs associated with a decision to purchase a home. How does the removal of the tax deduction on mortgage interest affect the housing market? The strength of the economy as a whole could affect the marginal benefits and the marginal costs associated with a decision to purchase a home. Here’s how. When the economy is growing‚ a consumer may feel that the purchase of a house is a good decision
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com/Study-UK • LiDAR Mapping Specialists DigitalWorld Mapping‚ high accuracy high resolution‚ anywhere www.LidarUS.com [pic][pic][pic][pic][pic][pic]Find Answers for: What Is Equi-marginal Utility? [pic] 1 In economics [pic] it is known as law of Equi-marginal Utility. It basically shows the behavior of a consumer in allocating his limited earnings among different goods and services. In short this law tells that how a consumer distributes his earnings between set
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Irvin Morales Econ 201 Dr. Popp 10/25/12 Helium Shortage The second element on the periodic table; He‚ also known as helium‚ is a gaseous element that is located somewhere in the sun’s atmosphere and deep underground in some natural gasses (Helium 2012.) Helium can be refined and later stored in tanks to be sold to the market. But where exactly does the helium go after it has been refined? And in what state of matter does Helium sell at the most? It is unknown to many‚ but helium is actually
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plants. The demand for your firm’s product is P = 78 - 15Q‚ where Q = Q1 + Q2. The marginal costs associated with producing in the two plants are MC1 = 3Q1 and MC2 = 2Q2. How much output should be produced in plant 1 in order to maximize profits? A. 1 B. 2 C. 3 D. 4 2. You are the manager of a firm that produces output in two plants. The demand for your firm’s product is P = 78 - 15Q‚ where Q = Q1 + Q2. The marginal costs associated with producing in the two plants are MC1 = 3Q1 and MC2 = 2Q2. What
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versus an additional 12 million). If this shift in the age distribution to older Americans contributes to substantially reduced labor force participation‚ longterm economic output and real household income could suffer as jobs go unfilled. This analysis is based on official forecasts of population growth from the Census Bureau; official forecasts of job growth and labor force participation from the U.S. Bureau of Labor Statistics; and estimates of the number of jobs in specific occupations based
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------------------------------------------------- To what extent can water shortages be dealt with on an individual level? Water is the basic necessity of life which is even more important than food. A person can live 2 weeks without food but not even 7 days without water. Since few years‚ there has been a population boom and population in present is almost twice the population before the boom. This has caused water and food crisis in many countries‚ more importantly LEDCs. Presently‚ statistics
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plants in the system is insufficient to supply all consumers with electric power of the required quality. A shortage of real power can result in a lowering of frequency throughout the power system and can ultimately lead to a breakdown condition. The breakdown condition can be prevented by connecting additional (spare) generators to the system or by disconnecting some of the consumers. A shortage of reactive power causes a voltage drop in the system. In extreme cases a so-called voltage avalanche can
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1. What is “housing shortage”? Ans: Housing shortage is occurs when there is insuffient housing to accommodate the population in an area‚ when the supply of houses cannot meet the demand. It also includes situations where housing is unaffordable for those who need it. The presence of homeless people‚ and slums and squatter settlements‚ is also an indication of housing shortage. 2. What is “inclusive housing”? Ans: An inclusive city is one that provides all residents with adequate housing and access
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Water shortage may be next cause of world war While much attention and debate have been correctly focused on the impending planet-wide oil shortage‚ a far greater calamity awaits us as the reality of the looming global water crisis becomes more apparent. It is not unreasonable to wonder whether the next world war will be fought over oil or water. No resource on Earth is more precious than water. While ongoing events draw our attention to oil‚ we ignore what will become the most serious resource
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