is not presented in the question. b. We can get the following variance calculations based on the information provided: 1. Static budget variance Variable cost is 50% of revenue‚ then budgeted variable cost is $5‚ and actual variable cost is $4.75. Static budget variance = 470×27×(9.5 – 4.75) - 800×23×(10 - 5)= $510‚775U 2. Flexible budget variance 470×27×[(9.5 – 4.75) - (10 - 5)] = $3‚172.5U 3. Sales volume variance (470×27 - 800×23) ×(10 - 5) = $23‚550U Based on the calculations
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1. Define the key terms listed above. (1) International marketing Controllable elements‚ Uncontrollable elements -Controllable Elements are what marketers in a company can adjust their marketing strategies such as firm characteristics‚ price‚ product etc.‚ to market conditions‚ consumer tastes‚ or corporate objectives. On the other hand‚ Uncontrollable Elements are what the marketers must actively evaluate and adapt to them if needed‚ as they can be defined as environmental factors. For examples
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Flashcard Machine - create‚ study and share online flash cards Term A budget can be a means of communicating a company ’s objectives to external parties. (T/F) | | Definition False | | | Term A benefit of budgeting is that it provides objectives for evaluating performance (T/F) | | Definition True | | | Term A budget can be used as a basis for evaluating performance (T/F) | | Definition True | | | Term A well-developed budget can operate and enforce itself. (T/F) |
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Identify the controllable and uncontrollable elements that Starbucks has encountered in entering global markets. Starbucks has encounter many controllable and uncontrollable elements entering global markets. The controllable elements have been price‚ place‚ product‚ promotion and channels of distribution. Starbucks’s international market has to adjust prices of their products with the current foreign currency rates due to the fluctuations in world currency rates. The uncontrollable elements have
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over all effect of going it alone. The great Gatsby supports this perspective as it contrasts solitude and loneliness through the protagonist Nick Carraway and Jay Gatsby. Beneath the clouds shows the aspects of facing isolation when uncontrollable and controllable. The great Gatsby highlights the quote through contrasting loneliness and solitude. Solitude is expressed through the protagonist nick caraway‚ as he grapples with the meaning of the story in which he played a part in. Carraway is
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Starbucks – Going global fast: Case study Identify the controllable and uncontrollable elements that Starbucks has encountered in entering global markets. Uncontrollable elements The uncontrollable elements that Starbucks has encountered in its entry to global markets are: volatility of market‚ decline consumption of younger generation‚ and rising dairy costs. Volatility of market Starbucks is heavily reliant on the supply and on the prices of coffee. Although Starbucks has supply
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CHAPTER 25 STANDARD COSTS AND BALANCED SCORECARD SUMMARY OF QUESTIONS BY STUDY OBJECTIVES AND BLOOM’S TAXONOMY Item SO BT Item SO BT Item SO BT Item SO BT Item SO BT True-False Statements 1. 1 K 9. 3 C 17. 3 C 25. 4 C sg33. 3 K 2. 1 K 10. 3 K 18. 4 K 26. 5 K sg34. 4 K 3. 1 C 11. 3 C 19. 4 C 27. 6 C sg35. 4 C 4. 1 K 12. 3 K 20. 4 K 28. 9 C sg36. 5 K 5. 2 C 13. 3 K 21. 4 K 29. 9 C sg37. 6 K 6. 3 C 14. 3 C 22. 4 K 30. 9 C sg38. 7 K 7. 3 K 15. 3 K 23. 4 C sg31. 1 K 8. 3 C 16. 3 K 24. 4 C
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ACC203e Managerial Accounting Group-Based Assessment January 2011 Presentation Lecture Group T01 Mr Wong Nee Tat Names Chen Yawen Gwendolin(Y1072354) Chng Chyi Da (K1115100) Teo Zhen Wei (Z1010291) Question 1 UrPrint Job U12 Cost Sheet $ Direct Materials: Plain t-shirts 4‚800 Paints 1‚400 Design & making of silk-screen 2‚000 Direct Labour: 600 t-shirts1 4‚200 Factory Overhead2 840 Additional Costs: Correction
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Journal of Technology Research The Hypothesis Testing of Decision Making Styles in the Decision Making Process Nabie Conteh Shenandoah University Abstract: The objective of this study is to test the effectiveness of various decision making styles in the decision-making process. Four broad categories of decision making styles are utilized in this simulation study. The methodology is illustrated with a complex‚ semistructured problem often used to train and evaluate management personnel.
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Cost classification is the process of grouping costs according to their common characteristics. A suitable classification of costs is of vital importance in order to identify the cost with cost centres or cost units. Cost may be classified accounting to their nature‚ i.e.‚ material‚ labor and expenses and a number of other characteristics. The same cost figures are classified according to different ways of costing depending upon the purpose to be achieved and requirements of particular
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