discounts); Buying different quality material from standard; Buying materials from a non‑usual source due to urgency; Utilising different labour from standard; Price changes due to economic conditions; scarcity of supplies; Choosing to incur additional discretionary fixed costs; More (or less) overtime hours used than budgeted. 2. Efficiency/usage/quantity variances: Standard is out of date‚ set without due care; Inefficient use of material/labour‚ deliberate or otherwise; Poor supervision/equipment/maintenance
Premium Costs Variable cost
Behavioral Costing British Aerospace case study A. Introduction When we think about the cost of an aircraft‚ we tend to think of the cost of buying the product rather than the costs of running it! British Aerospace’s service to the customer does not stop at the aircraft acquisition stage‚ when the airplane is sold to the customer. If anything‚ this is when the customer relationship begins. This case study focuses upon the processes involved in behavioral costing aircraft components. Given
Premium Cost Costs Price
Louie ESL 9B Professor mike March 02‚ 2010 3 Reason People become a Soldier There are three reasons why people want to become a soldier. First of all‚ People want to have good salaries and good benefits. Salary is based on the soldiers rank and how many of years the soldier has been in the service. As for benefits‚ soldiers are rewarded by having free medical‚ life insurance‚ free dental and free schooling. On top of that‚ soldiers has also have the privilege to go to the Navy
Premium United States Marine Corps Basketball Debut albums
Jeannette Walls chose her own path and way of life while being considerate to the rest of her family. After living at Battle Mountain‚ Welch‚ and in the car‚ she finally decided that New York would be a better way of living. She was planning on finishing out high school in Welch and then planning on going to college. “In the middle of my junior year‚ I went to Miss Katona‚ the high school guidance counselor‚ to ask for the names of colleges in New York. Miss Katona lifted the glasses that dangled
Free High school College Secondary school
Chapter 8 The Cost of Capital 236 CHAPTER 8—THE COST OF CAPITAL TRUE/FALSE 1. Capital refers to items on the right-hand side of a firm’s balance sheet. 2. The component costs of capital are market-determined variables in as much as they are based on investors’ required returns. 3. The cost of debt is equal to one minus the marginal tax rate multiplied by the coupon rate on outstanding debt. 4. The cost of issuing preferred stock by a corporation must be adjusted to an after-tax
Premium Dividend yield Net present value Weighted average cost of capital
Street Journal. Cost Management and Strategy – refer to your assigned questions and problems Cost Drivers and Basic Cost Concepts -- What is a cost? Define cost pools. What is a cost object? cost assignment? Contrast a direct cost with an indirect cost. Define cost allocation. What is an allocation base? Contrast cost assignment with cost allocation. What is a direct material? Direct labor? Indirect material? Indirect labor? factory overhead? What are conversion costs? Prime costs? What are the
Premium Management accounting Costs Variable cost
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 over
Premium Costs Economics Microeconomics
What’s your real cost of capital? By James J. McNulty‚ Tony D. Yeh‚ William s. Schulze‚ and Michael H. Lubatkin Harvard Business Review‚ October 2002 Issue of the article: valuing investment projects Number of pages: 12 Daniel Miravet Campos Part 1. Executive summary This article is fundamentally based on the exposition of a new method to calculate the cost of capital for a company (MCPM)‚ to meet the inefficiencies of the current one (CAPM). In valuing any investment project or
Premium Stock market Investment Stock
We already know that following are the important cost concepts related to the production process of a firm: • Fixed Cost • Varibale Cost • Average Cost • Marginal Cost please refer to following page Introduction to Cost Concepts to understand various cost concepts in detail. Here we will briefly state again the meaning of above stated cost concepts for better understanding of the module on short run cost analysis. Fixed Cost is that cost which does not change (that is either goes up or
Premium Marginal cost Costs Economics
certainly teachers and students have struggled with the issue of gradingthe former often using long held but often misguided beliefs about the purpose and method of grading and the latter often disgruntled with the perception that the process used was not fair. I have chosen this topic because grading is a very powerful tool for teachers‚ students‚ and entire school systems. Teachers use grades for many reasons: assessing students’ comprehension of skills and information‚ holding students accountable‚
Premium Scientific method Research Management