Table of Contents Question Descriptions Page Question 1 Multiple Choice Questions 4 Question 2 Absorption costing and standard costing Use the information provided below to prepare the Budgeted Income Statement for the year ended 30 June 2013 using the absorption costing method 2.2.1 Calculate the direct labour efficiency variance 2.2.2 Explain 2 possible causes of an unfavourable direct labour efficiency variance 5 Question 3.1 Question 3.2 Question 3.3 Question 3.4
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Microeconomics Week 4 Homework Chapter 6: #4 An explicit cost is the monetary payment a firm must make to an outsider to obtain a resource. An implicit cost is the monetary income a firm sacrifices when it uses a resource it owns rather than supplying the resource in the market. Say you owned a deli shop. Examples of explicit costs would be the salaries of your employees‚ the cost of the building (electricity‚ plumbing‚ etc.) and all the different ingredients and foodstuffs you need to
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Week 5 Problems Applied Business and Research Statistics 561 1. SupplyCo. is a supplier to a number of firms in an industry. By carefully mining its customer data warehouse‚ SupplyCo. reveals a plausible new model for manufacturing and distributing industry products that would increase the overall efficiency of the industry system‚ reduce costs of production (leading to greater industry profits and more sales for SupplyCo.)‚ and result in greater sales and profits for some of the industry’s
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Week 4 Discussions Week 4 Discussion Question 1 What is break-even analysis and how does it work with cost–volume–profit analysis? As a manager‚ what decisions would you make to achieve a lower break-even point? The CVP analysis is the level of activity at which total revenues equal total costs (both fixed and variable). A break-even analysis is the process of finding the break-even point. The cost-value-profit is the study of how specific costs respond to changes in the level of business
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Steinhardt & Dolbier (2008) investigated the effectiveness of a 4-week resilience intervention for the reduction of stress. This intervention mainly focused on teaching the students to deal with stress through appropriate coping strategies‚ and have the students take responsibility. Coping strategies were assessed using the Brief Coping Orientations to Problems Experienced (COPE) scale (Carver‚ 1997). In this research 57 participants were randomly divided over an experiment group and a control group
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M10EFA: Auditing and Assurance Seminar 4: Tests of Control and Audit Sampling Tests of Controls Game Solutions is a computer games company which has its Head Office located in Glasgow‚ where all administrative processes are conducted. However‚ all other functions are sited at four other locations in the UK in order to ensure optimum cost efficiency of the research and production functions in terms of staff‚ facilities‚ travel among others. All locations are networked together with a server placed
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distributing over the four weeks in each month‚ we have 30 per week in June and 40 per week in July. Now‚ suppose that there are currently 64 pumps in inventory and there are customer orders that have been committed and must be filled. These inputs result in the following table. Next‚ we need to use this information to determine projected inventory‚ master production schedule (MPS)‚ and ATP. If no production is planed‚ projected inventory becomes negative from week 3. This is a signal that
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4 day school week pro’s final draft Jincy Who wouldn’t want a four day school week? This would be really beneficial. In my opinion a four days of school each week sounds good. First of all‚ a four day school week can lead to more family time and activities. Usually when we have a 5 day school week‚ we don’t get to spend a lot of time with our families. Or we don’t get to do other activities we would like to do. So this idea would make the time for that. We can also
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Solutions to Week 4 Problems and Exercises Business Systems Analysis MGMT340 Chapter 7 Problems and Exercises Solutions Solution to Question 5 a. The figure shows a ‘many to many’ relationship. Therefore‚ any EMPLOYEE can work on a PROJECT and there can be several PROJECTS with several EMPLOYEES working on them. b. The degree shown in the used_on relationship is “one to many” with a minimum cardinality of zero. (The zero through the line near the ‘task’ entity means a minimum cardinality of zero
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Transportation: Moves the product between stages in the supply chain; Various transportation modes (air‚ water‚ rail‚ motor etc.) and routes; Faster transportation allows greater responsiveness but usually costs more; Also affects inventory and facilities 4. Information: Data and analysis regarding inventory‚ transportation‚ facilities throughout the supply chain; Connect the various stages in the supply chain – allows coordination between stages; Crucial to
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