Fixed Costs‚ Variable costs‚ and Break Even Point Elizabeth Gaud HSM /260 August 21‚ 2011 Stephanie Koontz Fixed Costs‚ Variable costs‚ and Break Even Point Exercise 10.1 Recompute fixed costs‚ variable costs‚ and the BEP. What are the variable costs? What are the fixed costs? How many meals will the WHDM program need to provide during the fiscal year to reach the BEP? How much profit will the program earn if it completes its 45‚000-meal contract with the City of Westchester? Answer:
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| Total Marks: ______ / 100 marks = ________ % Grade: Question I: Identification: Fill in the blanks the correct answer. You are having a dress shop‚ indicate the proper classification of cost behavior whether it is VARIABLE or FIXED for each of the following items below: |Cost Element |Cost Behavior | |Material used to make shirts
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following for the variable(s) of your choice: 1. Frequency distribution of a variable and bar graph of the same variable 2. Descriptive statistics of a continuous dataset: mean‚ median‚ mode‚ skewness‚ kurtosis‚ standard deviation 3. Cross tabulation of two variables 4. Comparison of the effect of three or more groups (single variable) on a single continuous variable 5. Scatterplot of two continuous variables 6. Correlation between the two continuous variables ______________
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taken into account and a variable from the macro-environment that has influenced the Wakaberry business is the Healthier Lifestyle variable. People today are more health conscious than ever. This has influenced Wakaberry to create yoghurt that is 98% fat free. The impact of this variable is shown from this excerpt in the case study: “Wakaberry offers 100% REAL frozen yogurt‚ which is 98% fat free; perfect for health-conscious consumers.” 1.1) b) Another macro-environment variable that has influenced
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net income (net profit). 4 Variable Costs Fixed Costs Mixed Costs Cost Estimation Methods Cost Estimation Methods are frequently required to separate the fixed and variable components of a total cost pool. Methods include: 1. 2. 3. 4. 5. Account Analysis Scattergraph High-Low Method Regression Relevant Range Scattergraph High-Low Method Example: Let total costs at 500 units of output be $150‚000 and at 3‚000 units of output be $400‚000. Calculate variable and fixed costs‚ respectively
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(Hagan‚ 2012). Dependent variables are the outcome of a variable to predict outcomes of certain concepts of crime and recidivism. Dependent variables are usually the subject of one’s study. Independent or also known as predictor variable which have the concepts of causes‚ determines‚ or precedes in time of the dependent variable. Independent variable is usually a demographic variable or treatment. Theories are described as attempts to develop plausible
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Quiz – Chapter 17 – Solution 1. Rider Company sells a single product. The product has a selling price of $40 per unit and variable expenses of $15 per unit. The company’s fixed expenses total $30‚000 per year. The company’s break-even point in terms of total dollar sales is: A) $100‚000. B) $80‚000. C) $60‚000. D) $48‚000. The answer is d. CMR = (P-V)/P = ($40 - $15)/$40 = 62.5% Px = F/ (CMR) Px = $30‚000/.625 = $48‚000 Use the following to answer questions 2-3: Weiss Corporation produces two models
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interval (0‚1); b) if f(x)= 2e-2x U(x) Q 4-7‚ Show that if the uniform variable x has an Erlang density with n=2‚ then Fx(x) = (1-e-cx-cxe-cx) U(x) Q 4-8‚ The random variable x is N (10; 1)‚ Find f (x | (x-10)2 <4) Q 4-9‚ Find f(x) if F(x) = (1-e-ax) U(x-c). Q 4-10‚ If x is N (0‚ 2) find a) P{1≤ x ≤ 2} b) P{1≤ x ≤2 | x ≥ 1} Q4-14‚ A fair coin is tossed 900 times and the random variable x equals the total number of heads. a) Find fx(x)‚ 1: exactly‚ 2: approximately
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this experiment‚ what was the independent variable? The independent variable in the first part of this experiment was the method of presentation ‚single digits in part 1 or grouped numbers in part 2. 2. In part three and four‚ what was the independent variable? The independent variable in the second part is type of stimuli .Binary numbers in part 3 or letters in par 4. 3. In these experiments‚ what was the dependent variable? The dependent variable is the number of digits that you can remember
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Variable costs are those costs that increase as the output the restaurant increases. As example‚ assume for the Teen Burger Direct Materials cost $1.50 per burger. A day with one thousand burgers sold would cost of $1500 dollars. In comparison‚ a day with two thousand burgers sold would cost $3000 dollars. While the cost per Teen Burger remains constant the total cost per day varies with the output each given day. Electricity costs would increase in the same fashion as each time a burger is cooked
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