Compute a materials price variance for the plates purchased last month and a materials quantity variance for the plates used last month. Materials Price Variance measures the difference between what is paid for a given quantity of materials and what should have been paid according to the standard. (Actual Quantity x Actual Price) – (Actual Quantity x Standard Price) or AQ (AP-SP) Materials Price Variance = 12‚000 plates x ($2.50 - $2.35) = $1‚800 Materials Quantity Variance measures the difference
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Identify an organization not previously selected and recommend methods to reduce costs. What effects do technologies have on costs? What are some lower-cost sources the organization can utilize to reduce costs? What considerations might cause a profit-maximizing firm to decide to forgo using lower-cost sources? A: A small candy factory can install within itself improved machinery that would make it possible for the company to make more items. A small candy factory would benefit from technology
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Comparing IFRS to GAAP Paper Michelle Mijares‚ Shunda Ellis‚ Theresa Mckenzie‚ Noe Salas ACC/290 May 4‚ 2015 Kevin Waters IFRS are international financial reporting standards that are accounting standards that are accepted in more than 110 countries around the world while. GAAP are generally accepted accounting principles which are standards that are practiced in the United States. GAAP is considered more of a rule based accounting practice while IFRS are based much on the accounting principles
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1. The most important point of this week’s reading is stating that the planners will have an organized plan for improvement in society. For example‚ the planners will work on making room for growth and industry after creating the towns and cities. One way to make that plan to happen is by starting to build places where the people would prefer to live‚ work‚ or shop; this would create a city. By the 19th century‚ the nation was filled with towns and cities from coast to coast. Once a town or a city
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Week 2 problems Chapter 2 A1 (Present and future value) A. What is the future value of $2‚000 invested today if it earns 20% interest for one year? For two years? Rate 20% (1) -(2‚000)= $2‚400 one year Rate 20% (2) (-2‚000)= $2‚880 two years B. What is the present value of $2‚000 discounted at 20% if it is received in one year? In two years? Rate 20 % (1) (-2‚000)= 1‚666 discounted one year Rate 20% (2) (-2000)= $1‚388 discounted two years B4. (Present value) What is the
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Compensation and Benefits Strategies Recommendations Team A MGT/521 Human Capital Management February 5th‚ 2015 Dr. Andrea Diese Landslide Limousines Compensation and Benefits Strategy Recommendation This paper provides an analysis of a proposed benefits and compensation package for Landslide Limousines that is comparable to companies that are similar in size and scope in Austin‚ Texas. Team A proposes a compensation structure and position in the market‚ as well as a total compensation and benefits
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Team A will analyze the individual and organizational values of Home Depot and evaluate the plans and actions currently in place. The purpose of this analysis is to provide a clear understanding of personal and professional values of the workplace. We will discuss the degree of alignment between the organizational values‚ plans‚ and actions. After we gather this information‚ we will provide an explanation of the differences between our values and that of Home Depot. Home Depot is more than just
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Riordan Manufacturing – Part 1 Learning Team B BSA/310 – Information Systems Fundamentals September 10‚ 2012 Mark Bentcover Riordan Manufacturing Executive Summary Abstract Riordan Manufacturing is a global plastics manufacturer with 550 employees. The corporate headquarters are based in San Jose‚ CA‚ and its plants are located in Georgia‚ Michigan‚ and China. The company is owned by Riordan Industries. Its projected earnings are $46 million‚ and it holds revenues in excess of $1
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John Owner‚ thank you for seeking advice on starting a business and wanting to know the disadvantages and advantages of starting a business. It is very important in researching the different types of businesses and creating a plan for success. Starting a business can be tough but also can be very rewarding. In setting up a business there are three main structures a person can start: Sole Proprietorship‚ Partnership or a Corporation. Each business structure has its advantages and disadvantages
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To: L M. Butler From: J. Paul CC: T Last Date: [ 5/30/2010 ] Re: Request for Funding I would like to request funding to participate in the upcoming class‚ Business Communications‚ held at Tulane University‚ uptown campus. As a driven-minded employee of the United States Postal Service‚ I have been working on a research paper‚ which discusses the impact of a 5-day work week from a letter carriers perspective. This research paper will provide another source of information to the United States
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