driver is most useful * Using Cost Estimation to Predict future costs * Strategic mgmt requires accurate estimates for the following: * To facilitate strategy development and implementation * To facilitate value-chain analysis * To facilitate target costing and pricing * To facilitate effective performance measurement‚ evaluation‚ and compensation * Cost Estimation for Different Types of Cost Drivers * Activity-Based‚ Volume-Based‚
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Part 1 Alan Green needs to answer the decision problem of whether charging fees for online banking use is more profitable for Pilgrim Bank than offering incentives to promote wider use of the online channel. To begin solving the problem‚ Mr. Green first must address the following research issues: how much more/less profit do online users generate; is this difference significant‚ what are the measures of customer profitability‚ what are the characteristic of the bank’s online users and profitable
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Cost Estimation Objectives: Define cost estimation Describe the need for estimation of costs Discuss the cost estimation methods Explain regression analysis Cost Estimation Cost estimation is the process of estimating the relationship between costs and the cost drivers that cause those costs. Costs versus Expenditures • Many costs do not match the timing of their related expenditure of funds. Consider the use of tyres on an automobile. Each mile driven consumers some of the tyre tread. Thus
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CHAPTER 10 DETERMINING HOW COSTS BEHAVE 10-16 (10 min.) Estimating a cost function. 1. Slope coefficient = = = = $0.35 per machine-hour Constant = Total cost – (Slope coefficient Quantity of cost driver) = $5‚400 – ($0.35 10‚000) = $1‚900 = $4‚000 – ($0.35 6‚000) = $1‚900 The cost function based on the two observations is Maintenance costs = $1‚900 + $0.35 Machine-hours 2. The cost function in requirement
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Our project’s Plan is as follows: .Executive Summary .Introduction .Analysis .Conclusion & Summary Executive summary During certain surgical operations the surgeon may wish to lower the blood pressure of the patient by administering a drug. After the surgery is over the return to normal of the blood pressure depends on the dose of the drug administered‚ and the average systolic blood pressure reached during surgery.
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281 elementary 5 th reading texts in classroom‚ giving homework related with reading texts‚ giving free reading time to students and the frequency of Keywords: Listening comprehension skills‚ Developing activities of listening comprehension‚ Multiple regression; 1. Introduction Language is one of the most significant factors which provide communication between people. The ability to provide a clear communication requires good language skills. Four essential skills (reading‚ listening‚ speaking‚
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Remarks before starting the analysis of the dataset Purpose of the case We have to study three competitors (Dubuque‚ Ball Park‚ Oscar Mayer) in the market of the hot dog. We want to know the impact of the variation of the price of one competitor (Ball Park) on the market share of another competitor (Dubuque). Origin of the dataset The dataset comes from "a scanner study conducted at grocery stores located in the western suburbs of Chicago". So we know that the data don’t represent the entire
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INSTRUCTOR Prof AMIR SADRAIN 1. Generate a scatterplot for CREDIT BALANCE vs SIZE Regression Analysis: Credit Balance ($) versus Size 2. Determine the equation of the "best fit" line‚ which describes the relationship between CREDIT BALANCE and SIZE. There is a slight positive relationship between credit balance and size The regression equation is Credit Balance ($) = 2591 + 403 Size 3. Determine the coefficient of correlation
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Summary This report will show the methodology‚ analysis‚ concerns and final solution to the proposed problem of pricing the Bet Performer‚ a capesize bulk carrier. The Bet Performer is an 11 year old vessel‚ featuring 172‚000 deadweight ton capacity‚ originally built by Nihon Kokan Kabushiki-Kaisha of Japan. The most recent sale of this ship occurred in 2006 for $70 million. After a series of regression analyses including a multiple regression analysis accounting for the recent rise in the Baltic Dry
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