manage what the company manufactures‚ sells‚ and to give advice as to where costs can be reduced. 2-3. Three examples of a variable cost are a 12% increase in the production of dresses‚ which will cause a 12% increase in variable costs. A 10% increase in clothes will cause an 10% increase in variable costs. A 30% increase in labor hours will cause a 30% increase in variable costs. Three examples of a fixed cost are a 12% increase in airline costs but the fixed costs remain unchanged. A 50% increase
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1/1.5 / ¼.5= .67%/ 22%= 3.05 Ch 22 #7 1. Key Question A firm has fixed costs of $60 and variable costs as indicated in the table on the following page. Complete the table and check your calculations by referring to question 4 at the end of Chapter 23. 1. Graph total fixed cost‚ total variable cost‚ and total cost. Explain how the law of diminishing returns influences the shapes of the variable-cost and total-cost curves Graph AFC‚ AVC‚ ATC‚ and MC. Explain the derivation and shape of each
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1. Cost of goods manufactured will usually include: A. only direct labor and direct materials costs. B. some costs incurred during the prior period as well as costs incurred during the current period. C. only costs incurred during the current period. D. some period costs as well as some product costs. 2. During the month of August‚ direct labor cost totaled $13‚000 and direct labor cost was 20% of prime cost. If total manufacturing costs during August were $88‚000‚ the manufacturing overhead
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Projectile Motion Purpose: An object in a projectile motion move horizontally with no acceleration and vertically with the gravitational acceleration at the same time. This experiment is to investigate projectile motion using experiments‚ equations and comparing the expected and experimental data. Procedure: Case I: Use formulas to find equation of horizontal Range (R) in a projectile motion. Rearrange equation for Rmax‚ and find the angle Adjust the launches angle to angle Launch
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1. Which of the following would increase the likelihood that a company would increase its debt ratio in its capital structure? a. An increase in costs incurred when filing for bankruptcy. b. An increase in the corporate tax rate. c. An increase in the personal tax rate. d. None of the statements above is correct. ANSWER: B An increase in the corporate tax rate would mean that firms would get larger tax breaks for interest payments. Therefore‚ firms have an incentive to increase interest payments
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An exam consists of 20 multiple-choice questions. Each question has five possible answers and all questions carry equal weight. Mary has not studied for the exam and will be picking her answers at random. What is the probability that Mary will get a score of at least 30% on this exam? n=20‚ p=0.20 P(X≥6) (0.30)(20)=6 Distribution Plot Binomial‚ n=20‚ p=0.2 0.25 Probability 0.20 0.15 0.10 0.05 0.1958 0.00 0 P(X≥6)=0.196 X 6 If 40% is the lowest passing
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MINITAB to calculate the probabilities for this distribution. In column C1 enter the word ‘success’ as the variable name (in the shaded cell above row 1. Now in that same column‚ enter the numbers zero through ten to represent all possibilities for the number of successes. These numbers will end up in rows 1 through 11 in that first column. In column C2 enter the words ‘one fourth’ as the variable name. Pull up Calc > Probability Distributions > Binomial and select the radio button that corresponds
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MBA 676 Final Practice Problems Comments: Some of these problems were done as homework and some I solved in class. I would like you to review them. I will give you similar problems. I may also assign you some problems from Project scheduling after we cover it tomorrow. 1. Keith Shoe Stores carries a basic black dress shoe for men that sells at an approximate constant rate of 500 pairs of shoes every 3 months. Keith’s current buying policy is to order 500 pairs each time an order is placed
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THE GENTLE LENTIL RESTAURANT CASE Solution: From case we have the sense that: IF Sanjay run the restaurant business‚ there are three part of cost Fixed Cost of operating cost (denotes by F) per month $3995 per month Variable costs of food each mean served $11 (denotes by V) V=11*Q Lab Costs each month (denotes by L) which is somewhere between $5040 and $6860 The revenue generate method is only by serve meal (Number of meals sold each month X prix fixe meal price of each meal) (denotes by
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the total area under the normal curve associated with any given sigma distance from the mean and the probability of obtaining any raw score in a distribution. 3) What is the standard error of the mean and why is it important? If you take many random samples from a population‚ the standard error of the mean is the standard deviation of the different sample means. Standard error of the mean is important because the standard error of the mean tells you how accurate your estimate of the mean is likely
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