AB is tangent to each other. With a given total out lay of Rs. 5‚000 the producer will be producing the highest output‚ i.e. 500 units by employing 25 units of factors X and 50 units of factor Y. (assuming Rs. 2‚500 each is spent on X and Y) The price of one unit of factor X is Rs.100-00 and that of Y is Rs. 50-00.. Rs.100 x 25 units of 2500 – 00 and Rs. 50 x 50 units of Y = 2500 – 00. He will not reach the position of equilibrium either at the point E1 and E2 because they are on a higher Iso-cost
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one plastic cup and gummi bear. 2. On the side of the cup‚ write your name and class period using a permanent marker. 3. Measure your bear (in cm) from top to bottom (length)‚ from side to side (width)‚ and from front to back (height). Use your measurements to calculate the approximate volume. Record your data in the data table. 4. Measure the mass of the bear and record that in your data table. 5. Place the bear in the cup and cover it with distilled water. Pour just enough water in the
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comparing the ratios calculated from our measurements to the ratios of newborn body parts calculated from the measurements provided in the chart on page 66 of our lab book. We predict that the head diameter of classmates will display an allometric growth rate to height‚ and the arm length of classmates will display an isometric growth rate to height. Materials and Methods String was used to measure head diameter and arm length‚ then acquired measurements in cm by comparing the length of the string
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A few identical‚ low cost products. * Units continuously produced for inventory in automated process Q(4-4): What are the purpose of a product-costing system? The purpose of a product-costing system: * Determine product and service cost‚ and value inventory. * Facilitate management planning‚ cost. * Control and performance evaluation. * Facilitate managerial decision making. Q(4-5): define the term equivalent units and explain how the concept is used in process
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Cutting Department for the month of February 2005 follow: Work in process‚ January 31-- 50‚000 units 100% complete for direct materials‚ 40% completed for conversion costs actual costs of direct materials‚ $70‚500; actual costs of conversion‚ $34‚050 Units started during February‚ 225‚000 Units completed during February‚ 200‚000 Work in process‚ February 28-- 75‚000 units 100% complete for direct materials‚ 20% completed for conversion costs Direct materials
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appropriate‚ push down the gas pedal to accelerate the car and drive to the place of work. When I arrive at the destination the car needs to be placed in park and the process can stop. Comments on Factors that Affect Process Design and Metric Measurement The factors that affect the time it takes to reach and the safety to reach the destination are critical parts of the process flowchart. The safety precautions‚ traffic‚ gears‚ and location of workplace are some of the factors that affect the process
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wine in a beer glass. Maybe I’ll have to measure out a piece of steak or meat size. Maybe even do some conversions in the metric system. When I take orders I need to remember table numbers. Maybe I’ll need to follow recipes with many different measurements. Based on the way an item sells you may have to change prices using an average. You may need to look into eating trends‚ which is where more or less people come in at certain times. Possibly adding up the cost of each ingredient in a dish that
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during the manufacturing process. All materials‚ leather strips‚ and buckles are introduced at the beginning of the process. The firm uses average method to calculate its unit costs. The leather belts produced at the Harrisburg Plant are sold wholesale for $22.95 each. Management wants to compare the current manufacturing costs per unit with the market prices for leather belts. Top management has asked the plant controller to submit data on the cost of manufacturing the leather belts for the month of
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------------------------------------------------- Production Report for 2001 Unit Information Units to account for: Units in beginning WIP 0 Units started 75‚000 Units to account for 75‚000 Units accounted for: Equivalent Units Physical Direct Conversion Flow Materials Costs Units completed 75‚000 75‚000 75‚000 Units in ending WIP 12‚000 12‚000 11‚400 Total units accounted for 87‚000 87‚000 86‚400
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Costing Job-order Costing Mass production of identical or similar products (at process-level). For example‚ Sugar‚ food‚ chemical industry. Many units of a single‚ homogeneous product flow evenly through continuous production process(s). One unit of product is indistinguishable (at process-level) from any other unit of product. Each unit average cost. of product is assigned the same SOME EXAMPLES OF BUSINESSES USING PROCESS COSTING Process Costing Extraction In a process cost system
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