requires direct materials costs which total $135 per unit‚ while Alaska’s direct materials requirements total $110 per unit. Direct labor costs per unit are $75 for MaxiFlow and $95 for Alaska. Auerbach Enterprises uses machine hours as the cost driver to assign overhead costs to the air conditioners. The company has used a company-wide predetermined overhead rate in past years‚ but the new controller‚ Bennie Leon‚ is considering the use of departmental overhead rates beginning with the next year
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What are Segmentation Variables? To understand what segmentation variables in marketing are‚ it helps to first know what market segmentation is. Market segmentation is the analysis of population demographics so they can be categorized in specific ways. These specific ways of categorization in market segmentation are why segmentation variables are needed and used. Four (4) groups of Segmentation Variables – 1. Geographic segmentation is based on variables such as: • Region: this kind of
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for (a*X^2) + (b*x) + c: >> syms a b c x % define symbolic math variables >> f = sym(’a*x^2 + b*x + c’); From now on we can use the f symbol to represent the given function. Evaluation of Symbolic Expressions The keyfunction subs (which stands for substitute) is used to replace symbolic variables with either new symbolic variables or with acutal values.
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CHAPTER 3 Predetermined Overhead Rates‚ Flexible Budgets‚ and Absorption/Variable Costing Questions 1. Although both variable and mixed costs change in total with activity measure changes‚ the difference is that variable costs change in direct proportion to such activity changes and mixed costs do not. Since a mixed cost has both a fixed and variable component‚ the cost per unit at different activity levels is not constant as it is with a variable cost. 2. No‚ these are not always the best points
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Depreciation of Fixed Assets Depreciation A business may acquire fixed assets such as land‚ buildings‚ machinery‚ office equipment‚ delivery equipment and natural resources (e.g. a piece if mining land)to help in the process of its operations to earn revenue in order to make a profit. Such assets‚ by their very nature‚ provide benefits to the business for more than one financial year or period. In fact‚ when a business buys a fixed asset at a certain cost (say $10‚000)‚ it is actually buying
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Bridgeton Assignment 1. The overhead allocation rate used in the 1987 model year strategy study at the Automotive Component & Fabrication Plant (ACF) was 435% of direct labor dollar cost. Calculate the overhead allocation rate using the 1987 model year budget. Why do you get different numbers? 2. Calculate the overhead allocation rate for each of the model years 1988 through 1990. Are the changes since 1987 in overhead allocation rates significant? Why have these changes occurred? 3
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FIXED INCOME SECURITIES Fixed Income can be a very important investment class by which one can diversify his/her portfolio to reduce risk. Putting all your money into equities (read more about equity investment) can give you more returns but it does carry high risk as well. Diversification is a basic concept of financial planning and fixed income products come in handy to help us achieve this objective. Let us see what are the different types of fixed income securities and how they help savvy
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This paper attempted to examine the effect of winning percentage of NFL teams on attendance from 2008 to 2014 by employing the fixed effects model. According to our results‚ we can conclude that teams that win more do indeed enjoy higher game attendance. This result is what we expected‚ and it confirm the results of previous research by Spenner‚ Fenn‚ & Crooker (2010). Moreover‚ game attendance however is not purely a matter of the teams winning percentage; other factors play an important role as
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Allocation of Fixed Costs ACC 403 Principles of Accounting The articles describe two different approaches: Lean accounting and activity based costing. Both have pros and cons and the selection of "what is best for allocating IT" likely rests with the culture and types of businesses. I personally believe that activity-based costing‚ which essentially casts IT as a variable cost‚ making users sensitive to the requests they make of IT because every request is an incremental cost to their
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given that a classic maple rocker requires 15 board feet of maple‚ and a modern rocker requires 12 board feet of maple. We have “c” classic maple rocker‚ so total maple required for classic maple rocker chair = 15c board feet. With “m” modern maple rocker‚ a total required for classic maple rocker chair = 12m board feet. We have a total maple available is 3000 board feet. Together the inequality will look like this:
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