Midterm2Practice Key 1. The 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
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Week I Quiz Results/Answers ECO561 1. Revenue increases when * producer surplus increases 2. An increase in the price of an inelastic good * increases revenues 3. Price elasticity of Demand increases when * people become less price sensitive over time 4. The purpose of a market in a market system is to * bring buyers and sellers into contact 5. By specializing in the production of one good‚ a company is able to benefit from economies of scale which increases its revenue. Which
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Summer2011-Microeconomics-Exam Two Practice 1. To calculate the total utility of consuming N products: A. add the additional satisfaction of consuming each product up to N and multiply by its price. B. add the total satisfactions of consuming each product up to N. C. multiply the additional satisfaction from consuming the Nth product by its price. D. multiply total satisfaction from consuming N products by N. 2. Suppose that the following table lists the utility that Steve receives from consuming
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Copyright © The McGraw-Hill Companies‚ Inc. Permission required for reproduction or display By: Pn. Nurul Ain Harmiza Abdullah Materials Engineering PTT 110 SEMESTER 1 (2013/2014) Foundations of Materials Science and Engineering‚ 5th Edn. in SI units Smith and Hashemi Copyright © The McGraw-Hill Companies‚ Inc. Permission required for reproduction or display PowerPoint Lecture Slides for Foundations of Materials Science and Engineering Fifth Edition William F. Smith
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Course title: Product and Material in modern society Course code: ME1D02 Project title: Application of materials in kitchenware: Frying Pan Name: Pun‚ Yinkiu Student ID: 12118148d Page number: Submission Date: 30th November‚ 2012 Content Section 1: Introduction and Objective-------------------------------------------p.3 Section 2: Literature review--------------------------------------------------------p.4 Section 3: Methodology-------------------------------------------------------------p
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Chapter 4: Costs and Cost Minimization Multiple Choice 1. Suppose you are a star basketball player at a major university in your sophomore year. You are sought after by several NBA teams. Which of the following choices best characterizes your opportunity cost if you choose to drop out of college and enter the NBA? a) The value of your college scholarship that you have given up. b) The skills that two more years of playing at your college would have given you along with their additional value
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Unit‐1: Basics of Multimedia Technology h l Multimedia: The term multimedia comes from the Latin words “multus” which means “numerous” and “Media” means “middle” or centre. In other words we can say that multimedia means “Multiple Intermediaries” or “Multiple Means”. The multiple means by which one can perceive information are: 1. Text (e.g. books‚ letters‚ newspapers) ( g ‚ ‚ p p ) 2. Images and graphics(e.g. photographs‚ charts‚ maps‚ logos‚ sketches) 3. Sound (e.g. radio‚ gramophone
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RAW MATERIALS | SHOT PRICE | BOTTLE PRICE | WHISKEY | | | Chivas regal 12 (750ml) | PHP 270.00 | PHP 1‚150.00 | Chivas regal 12 ( 1L ) | PHP 270.00 | PHP 1‚400.00 | Chivas regal 18 | PHP 430.00 | PHP 4‚500.00 | Chivas regal 25 | | PHP 6‚000.00 | Royal Salute 21 | | PHP 8‚00.00 | Royal Salute 38 | | PHP 10‚00.00 | The Glenlivet 12 | PHP 360.00 | PHP 3‚600.00 | The Glenlivet 15 | | PHP 4‚900.00 | The Glenlivet 18 | | PHP
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Unit 1: The Business Environment (Assignment 1) Tesco PLC: A Summary of the businesses activities and their major activities Tesco is the world’s widest retailers with operations in 14 different countries‚ Japan‚ India‚ United States‚ and Czech Republic. Employing over 492‚000 individuals and serving over millions of customers every week as well as they have a market share of 30%. Tesco have diversified into different markets for example retailing books‚ clothing‚ electronics‚ furniture and they
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Discussion Questions 1. Suppose the price of coffee beans increases by $0.20 per pound. What is the effect of this raw material price increase on the demand for roasted coffee? If one pound produces 50 cups of coffee‚ would the price of a cup of coffee rising by $0.01? Explain. Price of the product comes from the production of the goods all the way till it hits the market shelf. So when the price of the product like coffee increases during the productivity of the product then the end cost could increase
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