Economics 101 Spring 2011 Answers to Homework #1 Due 2/2/11 Directions: The homework will be collected in a box before the lecture. Please place your name‚ TA name and section number on top of the homework (legibly). Make sure you write your name as it appears on your ID so that you can receive the correct grade. Please remember the section number for the section you are registered‚ because you will need that number when you submit exams and homework. Late homework will not be accepted so make
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Swing v. Steady Swing Manufacturing and Steady Manufacturing both operate in the widget industry‚ but with radically different cost structures. Swing is a capital-intensive‚ automated manufacturer‚ while Steady is a labor-intensive "job-shop." Monthly operating data are as follows: | |Swing Manufacturing |Steady Manufacturing | |Sales |5‚000 units |5‚000 units | |Price
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Hence for all these reasons‚ Long term planning should be done in the China 2. Study Exhibiit 10. How Wally should do Forecasting so that error is minimum? 1. Improve the demand forecast made internally by the buying committee in November just before Speculative Production (Instead of using juts a simple average of the individual forecasts made by Laura‚ Carolyn‚ Greg‚ Wendy‚ tom‚ Wally use a weighted average with the weights reflecting past accuracy.) 2. Obtain market feedback earlier
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I went to a Chinese restaurant to buy a loaf of bread bread bread And this is what he said said said My name is E-I-E-I Nika-Ni‚ Nika-Ni‚ Pom Pom Poodles Willie Wally Whiskers My name is E-I-E-I Nika-Ni‚ Nika-Ni‚ Pom Pom Poodles Willie Wally Whiskers My name is Elvis Presley Sitting in a hot tub Drinkin’ Diet Pepsi My name is Chief... Roast beef OR Version Numero Uno I went to a Chinese restauraunt To buy a loaf of bread. They asked me what my name was‚ And
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Volume-Based Product-Costing System to calculate cost of producing four products: Widgets‚ Gadgets‚ Smidgets‚ and Smadgets. To solve this problem‚ we calculated by using both traditional method and Activity-Based Costing method. It is followed by analysis of different methods’ application‚ advantages and disadvantages. The results of Traditional Costing and Activity-Based Costing Traditional Costing method: Take Widgets as an example‚ summing given direct labor 100‚000‚ direct material 100‚000 and
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other factor. Such contradiction between the market positioning and their operating model is putting great complexities on their supply chain management. 2- Describe the factors that you would use in determining which and how much of the styles that Wally should make during the initial phase of production. With such uncertain demand being faced by Obermeyer‚ it is important for Obermeyer to firstly produce "safe"
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Activity Based Costing Accounting 2020 Professor Richard McDermot Traditional Costing Systems • Product Costs – Direct labor – Direct materials – Factory Overhead • Period Costs – Administrative expense – Sales expense Appear on the income statement when goods are sold‚ prior to that time they are stored on the balance sheet as inventory. Appear on the income statement in the period incurred. Traditional Costing Systems • Product Costs – Direct labor – Direct materials – Factory Overhead •
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To make a proper decision based on the three recommendations from the Piper Industries Corp. we must take a look at each one. Juniper is an improvement of the widget offered currently by the company‚ with Palomino a new line of widget products along with improvements using the existing technology‚ and Stargazer is completely new widgets that research and development has started. Our team has been tasked with analyzing these three projects and make recommendations for the best investment. The recommendation
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15 1. Dickison orders one thousand widgets at $5 per widget from International Widget to be delivered within sixty days. After the contract is consummated and signed‚ Dickison orally requests that International deliver the widgets within thirty days rather than sixty days. International agrees. Is the contractual modification binding? A- Both parties are merchants‚ the change of delivery date would affect the bottom line price of the widget‚ therefore considered big deal‚ a consent is
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SEMINAR IN MARKETING MANAGEMENT AIDA ANALYSES SAMSUNG GALAXI II ATTENTION Designed to Make Life Easier Intuitive‚ stylish and simple to use‚ the Samsung Galaxy S® III smartphone delivers a personalized‚ seamless mobile experience that helps your day run smoothly—whether it’s time for work‚ family or play. INTEREST Simple‚ Instant Sharing Keeps You Connected Connect through touch Send pictures in a flash Access content on multiple devices Made for Intelligent and Intuitive Interaction Smart enough
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