1. The direct materials quantity standard should A) exclude unavoidable waste. B) exclude quality considerations. C) allow for normal spoilage. D) always be expressed as an ideal standard. Use the following to answer questions 2-4: Stiner Company has a materials price standard of $2.00 per pound. Five thousand pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 5‚000 pounds‚ although the standard quantity allowed for the output
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The text Great Expectations by Charles Dickens reflects many of the values and attitudes of nineteenth century England. The terms ’values’ and ’attitude’ are somewhat linked‚ and are both an integral part of the context of this novel. There was a great divide between the classes at the time of Great Expectations‚ with each class having its own stereotypical views. This difference led to crime in the city‚ which served the need for better punishment‚ as the justice system was quite arbitrary. Attitudes
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Price Price which means that the amount of payment for goods and services given in money term. Price also is the total values for consumers exchange for the benefit for their satisfaction by using or having the product or service. Price decisions must focus on product design‚ promotion costs‚ distribution and more mixed‚ forming a valid imploded marketing plan. In arrange the price of a product‚ marketers must use the pricing strategy. However‚ use the pricing strategy not only can fascinate more
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taking citizens captive and demanding the families or government to pay a large sum of money for their safe return home. If the government refuses to pay or the ransom is not paid in the given amount of time‚ the terrorists record the brutal execution of the captives‚ usually beheadings‚ and sometimes stream it online for everyone to see. These hostage situations cause a tremendous
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who are suffering the consequences of climate change. Emerging nations‚ such as China‚ are high polluters‚ but they state that other countries do not have the right to limit their capacity for growth? Climate change needs to be addressed‚ but who should pay? Discuss. Table of Contents Changing climate causes an imbalance in the nature and its natural equilibrium. The recent events in Acapulco‚ Mexico are just an example of the impact the climate
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Gas prices in this country today are outrageously expensive and cause people in the middle class to struggle financially. There are a number of bad things that high gas prices cause to happen. Bad gas prices are the main cause of many problems that not just the middle class people have‚ but all people in the country have today. THE FIRST REASON THAT GAS PRICES SHOULD BE LOWER IS BECAUSE HIGH GAS PRICES LEAD TO INFLATION. WHEN GAS PRICES RISE‚ IT COSTS COMPANIES MORE OVERHEAD TO PROVIDE
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March 29‚ 2012 English 112 (B) Research Paper 1 Should We Pay College Athletes? Should we pay college athletes? That is a big topic in NCAA sports right now. People think that college athletes work hard and that they deserve to get paid. Michael Wilbon is one of these people. At first he was against paying college athletes‚ but now he is all for it. He says that he is interested in seeing the people that make revenue share a little piece of it. Then you have people like a reporter from the
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Economics April 16‚ 2012 n Price Controls: How efficient are price ceilings and price floors? If you think one is better than the other‚ make sure to bring up examples from our economy to validate your stand. Price ceilings and price floors are essential aspects of our economy. Price ceilings are government enacted laws preventing suppliers from establishing prices of key resources higher than a certain price‚ which is set by the government. Price floors are price minimums that can be charged
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Market Structure o Perfect (pure) competition Price–taking firms each with no influence over the ruling market price (see diagram below) Free entry and exist of businesses in the long run – drives down profits towards a normal profit equilibrium level Each supplier produces homogeneous products – each a perfect substitute – hence the perfectly elastic demand curve for the individual supplier Key factor - interdependent nature of pricing decisions between rival firms Each firm must consider
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Price Differentiation vs. Price Discrimination Price differentiation and price discrimination: two terms used in Marketing and Economy. First of all‚ it is appropriate to make an accurate definition for both of the terms. Price differentiation is a pricing strategy that “charges different segments of customers altered prices for the same products or services.” Likewise‚ we can meet with the same definition if we look for price discrimination definition. Then‚ is there a difference between price
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