Ronald Coase noted‚“The cost of doing anything consists of the receipts that could have been obtained if that particular decision had not been taken.” For example‚ the opportunity set for this Friday night includes the movies‚ a concert‚ staying home and studying‚ staying home and watching television‚ inviting friends over‚ and so forth. The opportunity cost of taking job A included the forgone salary of $102‚000 plus the $5‚000 of intangibles from job B. Opportunity cost is the sacrifice of
Premium Costs Parking Variable cost
Plant overhead $122‚000 D/L rate/hour $30 Youngstown has a traditional cost system. It calculates a plant-wide overhead rate by dividing total overhead costs by total direct labor hours. Assume‚ for the calculations below‚ that plant overhead is a committed (fixed) cost during the year‚ but that direct labor is a variable cost. 1. Calculate the plant-wide overhead rate. Use this rate to assign overhead costs to products and calculate the profitability of the four products. The assignment
Premium Cost Costs Mathematics
have done above is a “full-cost” analysis. This is in contrast to a “direct-cost” analysis that ignores overhead costs. Is full cost the right metric for job profitability and customer profitability? What assumptions are we making about the variability of overhead costs when we do a “full-cost” analysis? By allocating the overhead costs to jobs and customers there is an implicit assumption that these are variable with the cost driver. In reality‚ some of the overhead costs are fixed‚ at least in the
Premium Cost Costs Economics
Throughout my life I have had a deep interest in seeing as many places around the world as I possibly could. I always felt fascinated by the unknown. My family always encouraged me to follow my passion for exploration and to use every opportunity to understand more about the things that I want to accomplish in life. Fortunately I was given the opportunity to study abroad where I learned about tools to express the things that had piled up in my mind. Weather it was storyboarding‚ animating and seeing
Premium Learning Art 2009 albums
Contents Case Problem 2 Case Facts 2 Input Parameters 2 Output Parameters 2 Input Parameters Table 2 Output Parameters Table 3 Additional Case Facts 3 Constraints & Objective Function 3 LP Formulation – For School A 4 Solutions – Excel Solver 5 For School A 5 For School B 5 For School C 6 Solution 6 Conclusion 6 Case Problem Mr Shyam Prasad‚ recently transferred to Chennai from Lucknow‚ has to choose a school for his two children. He has three choices of the school and it is likely that his
Premium High school input/Output Input
Lately my own experience with SBS as a degree program has opened my eyes to many different careers in several fields. I have found that for some entry level positions I do not need to have the degree yet‚ but in the process of pursuing it. I have spoken with a few employers as a youth counselor or youth instructor incases with child protective services‚ behavioral careers at the hospital and also with some counseling offices that are having employees out in the field working. Figure 1 in the article
Premium Academic degree
When we heard of this we were eager to visit the book fair. We discussed this with our teacher to visit this mega event. The teacher readily agreed and took us batch by batch to this event. We hired a big van and went along with our teacher to watch this grand event. We all started for the book fair at 10 o’clock. It took 30 minutes to reach there. At around eleven‚ we were at the venue. We were stunned to watch this event. It was really a spectacle to watch. There were attractive hoardings everywhere
Premium Publishing Publication
Port Regulation of Davao This petition for review with prayer for a writ of preliminary injunction and/or restraining order filed by petitioners‚ Philippine Ports Authority ("PPA" for brevity)‚ Port Manager Bienvenido Basco and the Port District Manager‚ Ernesto Fernando of Davao City‚ challenges the jurisdiction of the Regional Trial Court of Davao City‚ Branch 17‚ in a case involving the legality of port charges imposed by the PPA on the respondent Terminal Facilities and Services Corporation
Premium Court Injunction Appellate court
Are juries fair? Cheryl Thomas Ministry of Justice Research Series 1/10 February 2010 Are juries fair? Cheryl Thomas This information is also available on the Ministry of Justice website: www.justice.gov.uk/publications/research.htm Constitution and Access to Justice – Analytical Services supports effective policy development and delivery within the Ministry of Justice by providing high-quality social research‚ statistics and economic analysis to influence decision-making and
Premium Jury
tremendously. Mary seemed very excited after leaving the meeting‚ but once she talked to Sue and found out what salary she received once she was hired he attitude quickly changed. Her attitude change because of difference of pay‚ she did not see it as ‘fair.’ Following her review and the 10% pay raise she had received‚ Mary salary was still a little less than Sue’s. Sue had recently started and Mary had already been employed with the company for about a year and established herself‚ Sue had not and that
Premium Employment Motivation Black-and-white films