ADM 3346 X COST ACCOUNTING Spring/Summer 2012 Quiz No. 1 Solutions . . . . . . . / 16 marks NAME: __________________________________________ STUDENT #: ________________________ Statement of Academic Integrity: The School of Management does not condone academic fraud‚ an act by a student that may result in a false academic evaluation of that student or of another student. Without limiting the generality of this definition‚ academic fraud occurs when a student commits any of the following offences:
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have asked him to do this in the past‚ but he has not done so as yet. 平均而言，他至少有一两个星期积压的订单。Because of the product cost mess he has no order in management. Issues 他意识到他的价格太低，但他的产品的艺术性质，使得难以根据任何需求或与同类产品相比，系统的评估价格。He realizes his prices are too low‚ but he cannot figure out the product price structure and a course module pertaining to cost behaviors‚ product costing‚ and relevant costs. As a result‚ it is hard for him to give the exact price for four different kinds of glasses. Also‚ he only has a
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interest) and $5‚000 in equity. Both firms sell 10‚000 units of output at $2.50 per unit. The variable costs of production are $1‚ and fixed production costs are $12‚000. (To ease the calculation‚ assume no income tax.) Firm A Assets 10‚000 Firm B Assets 10‚000 $5‚000 in debt at 10% $5‚000 in equity Both Firm A and Firm B- sell 10‚000 units @ 2.50 Variable cost- $1 Fixed Cost- $12‚000 a. What is the operating income (EBIT) for both firms? Firm A EBIT = Revenue - Operating Expenses
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QRB Working with Numbers and Formulas Order of Operations McDonnell & Brue (Economics) Question 12 (p 129) in Ch 7 The following table shows nominal GDP and an appropriate price index for a group of selected years. Compute real GDP for each decade jump. Indicate in each calculation whether you are inflating or deflating the nominal GDP data. Year Nominal GDP‚ Billions Price Index 1996 = 100 Real GDP‚ Billions Inflating or Deflating GDP? 1960 $527.4 22.19 $2‚376.75 Inflating
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M. Com. IInd Year Master of Commerce (M.Com) Also for: M.Com (F &T) M.Com (BP &CG) M.Com (MA &FS) Second Year ASSIGNMENTS 2013-14 For July 2013 and January 2014 admission cycle School of Management Studies Indira Gandhi National Open University Maidan Garhi‚ New Delhi -110 068 Master of Commerce (M.Com) Second Year ASSIGNMENTS − 2013-14 Dear Students‚ As explained in the Programme Guide‚ you have to do one Tutor Marked Assignment for each course. We are sending the
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40-hour week and a 50-week year‚ regardless of the number of haircuts. Rent and other fixed expenses are $1‚750 per month. Hair shampoo used on all clients is .40 per client. Assume that the only service performed is the giving of haircuts‚ the unit price of which is $12. Andre has asked you to find the following information. 1. Find the contribution margin per haircut. Assume that the barbers’ compensation is a fixed cost. Show calculations to support your answer. Contribution margin is the marginal
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Answer Based off of the 2004 statement of profit and loss data‚ I do agree with Water’s decision in keeping product 103. The total sunk costs for the company could be more substantial in a shorter time than having years of low profits from the sales of product 103. Overall the company would lose $4‚933‚000 by eliminating product 103. Recovering the indirect costs of dropping the product line would also be unclear as well. An incremental analysis would be the best approach in determining whether keeping
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to help you on future assignments. Abstract The purpose of this paper is to give an overview of the budget process. It analyzes flexible budgets‚ discusses the relationship between fixed and variable cost‚ explores the differences between static and flexible budgets‚ and how budgets assist in the cost-volume-profitability analysis. The Purpose of Flexible Budgets A budget is a tool used by businesses to plan for upcoming revenues and expenses. Businesses understand the difficulty
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Exercises B. Ex. 19.1 B. Ex. 19.2 B. Ex. 19.3 B. Ex. 19.4 B. Ex. 19.5 B. Ex. 19.6 Topic Value chain components Capturing market share with target prices Cost of quality Cost reduction non-value-added activities Manufacturing efficiency in a JIT system Activity-based management cost savings B. Ex. 19.7 B. Ex. 19.8 B. Ex. 19.9 B. Ex. 19.10 Target costing Cost of quality Characteristics of quality Target costing and cash flows Exercises 19.1 19.2 Topic Accounting terminology Value chain activities 19
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following costs at the given levels of production: Month Units Produced Total Costs January 20 $ 20‚000 February 25 22‚500 March 30 25‚000 April 35 27‚500 May 40 30‚000 June 45 32‚500 Required: a. Use the high-low method to compute the variable and fixed elements of Gamma’s total costs. b. Estimate the total cost of making 50 boats‚ assuming that total fixed costs and the variable cost rate do not change. 3- The Manager of Alpha company is considering droping product C. the fixed cost is allocated
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