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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11 Allocation of Joint Costs and Accounting for By-Product/Scrap Objectives After completing this chapter‚ you should be able to answer the following questions: LO.1 LO.2 LO.3 LO.4 LO.5 How are the outputs of a joint process classified? What management decisions must be made before beginning a joint process? How is the joint cost of production allocated to joint products? How are by-product and scrap accounted for? How should not-for-profit organizations account for the cost of a joint activity?
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Netflix vs. Hulu Plus Whenever you find yourself in the mood to binge watch a new show or just looking for a good movie to watch on a rainy afternoon‚ which would you rely on? Both Netflix and Hulu Plus are a reasonable price of $7.99 per month and have their own original shows. Netflix offers a wider range of old and new movies than Hulu as well as hit TV shows. Amazon Prime is also another competitor against these two but I decided not to compare the three because Amazon also offers so much more
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TOPIC : PLUS-SIZE LADY FASHION IN AUSTRALIA ------------------------------------o0o---------------------------------- WHAT – THE DESCRIPTION: With high living standards in some countries such as: US‚ European continents‚ Australia‚… has tended to increase the number of obese people. So my topic is ‘’plus –size lady fashion in Australia’’‚ I want to find out how this situation is and how fashion companies deal with growing weight trends in Australia‚ especially to ladies and how it’s going
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Kool-Aid Plus with Centrum Kool-Aid has been a drink of choice for kids for the past two decades. It is known for a tasty‚ cool‚ and refreshing taste for many generations of children and their parents. Kool-Aid has been able to identify their target market and market towards the specific needs of these families. Kool-Aid has always been very affordable however‚ not the most healthiest of choices. The environment of marketing towards families today has swayed towards being more health conscious
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Costs of Corrections in the United States Did you know that 23 states prison systems are operating at over 100% capacity? "The increases in drug imprisonment‚ the decrease in releases from prison‚ and the re-incarceration for technical parole violations are leading to significant overcrowding and contribute to the growing costs of prisons. Prisons are stretched beyond capacity‚ creating dangerous and unconstitutional conditions which often result in costly lawsuits. In 2006‚ 40 out of
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under efficient operating conditions absorption costing all manufacturing costs are assigned to products: direct material‚ direct labour‚ variable and fixed manufacturing overhead acceptable quality level (AQL) the defect rate at which total quality costs are minimised account classification method (or account analysis) the process in which managers use their judgement to classify costs as fixed‚ variable or semivariable costs accounting rate of return (or simple rate of return‚ rate of return on assets
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following data have been recorded for recently completed Job 501 on its job cost sheet. Direct materials cost was $3‚067. A total of 30 direct labor-hours and 104 machine-hours were worked on the job. The direct labor wage rate is $12 per labor-hour. The company applies manufacturing overhead on the basis of machinehours. The predetermined overhead rate is $11 per machine-hour. The total cost for the job on its job cost sheet would be: A. $4‚571 B. $3‚757 C. $3‚090 D. $3‚427 Applied manufacturing
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Chapter 2—Cost Terminology and Cost Behaviors MULTIPLE CHOICE 1. The term "relevant range" as used in cost accounting means the range over which a. | costs may fluctuate. | b. | cost relationships are valid. | c. | production may vary. | d. | relevant costs are incurred. | ANS: B PTS: 1 DIF: Easy OBJ: 2-2 NAT: AACSB: Reflective Thinking LOC: AICPA Functional Competencies: Measurement‚ Reporting 2. Which of the following defines variable cost behavior
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BIOCHEMISTRY & METABOLISM GINSENG SUPPLEMENT NAME : LOO MIN MATRIX NO : BHBL14037740 LECTURER’S NAME : DR. KAN SU-YIN DATE OF SUBMISSION : 12 APRIL 2015 Diagram 1 : Hurix’s Ginseng Plus Capsule (Ekstrak) 6 The product shown in Diagram 1 is a type of ginseng supplement. The manufacturer of this supplement is Hurix. This ginseng supplement can be categorized as rheumatism supplement. According to the manufacturer’s claim‚ it is a
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