Advantages and disadvantages of variable costing Many managers use variable costing for internal reporting and decision making since it has number of advantages (Myers par. 1). First‚ on variable costing reports costs are organized by behavior which makes it easier to understand. Also‚ variable costing statements facilitate cost volume profit (CVP) analysis because it separates cost behavior by fixed and variable. Under variable costing‚ changes in inventory or production do not affect the
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points for long-run pricing decisions are 1. Market-based pricing‚ an important form of which is target pricing. The market-based approach asks‚ “Given what our customers want and how our competitors will react to what we do‚ what price should we charge?” 2. Cost-based pricing which asks‚ “What does it cost us to make this product and‚ hence‚ what price should we charge that will recoup our costs and achieve a target return on investment?” 12-6 A target cost per unit is the estimated long-run
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CASH FLOW DIRECT/INDIRECT 1. Given the following information and using the indirect method prepare the Cash Flows from Operating Activities section of the statement of cash flows. End of Year Beginning of Year Change Cash 23‚500 37‚400 (13‚900) Accounts receivable (net)
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PSY 150 IV-DV Exercise * Independent variable – The variable that is manipulated to test its effects on the dependent variable. * Dependent variable – The variable that is measured to see how it is changed by manipulations in the independent variable. Scenarios 1 Coach Jones has noticed that her players tend to shoot a higher percentage from the free throw line when they play away‚ rather than at home. Surprised at this trend‚ she and her assistants decide to test this by
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Roman “Res Publica” The first known inhabitants of the Italian Peninsula were the Dorians. They had first invaded the Greek Peninsula circa 1200 B.C. before moving onto the Italian Peninsula around 1000 B.C. About 200 years later‚ a new civilization arose in Etturia (now Tuscany) that would have a tremendous influence on the Romans. These people were known as the Etruscans. The Etruscans were a military ruling class that exploited the native Italians‚ making them work the mines and serve
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This archive file of QNT 351 Week 1 Discussion Question 1 includes: What is the importance of statistics in business decision making? Describe a business situation where statistics was used in making a decision. Deadline: ( )‚ Business - General Business I need tutorials from week 1-5 with all assignments!!! Please help me Look for the study areas of your dorm first thing. Every dorm has quiet areas and study corners. Get to know where they are‚ and the vibe in each one. Yes
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This paperwork of QNT 351 Week 2 Discussion Question 3 includes: Select an article from a news magazine or research journal where data is displayed in a graph. Describe the data displayed in the graph and what conclusion you could draw. Be sure to include a reference to the article that you used. Deadline: ( )‚ Business - General Business I need tutorials from week 1-5 with all assignments!!! Please help me Limit the distractions in your workspace. This does not mean that
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Independent Variables Chapter 8 is devoted to dummy (independent) variables. This How To answers common questions on working with and interpreting dummy variables. Questions: 1) How to include dummy variables in a regression? 2) How to interpret a coefficient on a dummy variable? 3) How to test hypotheses with dummy variables and interaction terms? 4) How to create a double-log functional form with dummy variables? 5) How to interpret a coefficient on a dummy variable with a log
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Motivation to Return to School I decided at that moment that I would return to school and graduate with my bachelor?s degree. I made a promise to myself that I would finish my education. If I complete my education‚ I would make my parents proud of me. Plus‚ I want to be the first person on either side of my family to attend graduate school. Adults return to college primarily because they desire a higher paying career or a professional job. This could be a registered nurse‚ an elementary school teacher
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“Contribution” represents the portion of sales revenue that is not consumed by variable costs and so contributes to the coverage of fixed costs. To compute profit contribution that can be earned by carrying 1 ton of tapioca from Balik Papan to Singapore‚ dock to dock‚ and 1 ton of general merchandise goods from Singapore to Balik Papan only cargo costs were considered as relevant. Cargo costs of both ports have to be considered as each freight has to be reloaded at one port and unloaded at the other.
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