Instructor Assignment # 1. 1. Alex Miller‚ Inc.‚ sells car batteries to service stations for an average of $30 each. The variable cost of each battery is $20 and monthly fixed manufacturing costs total $10‚000. Other monthly fixed costs of the company total $8‚000. Required: a. What is the breakeven point in batteries? b. What is the margin of safety‚ assuming sales total $60‚000?
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Compute a materials price variance for the plates purchased last month and a materials quantity variance for the plates used last month. Materials Price Variance measures the difference between what is paid for a given quantity of materials and what should have been paid according to the standard. (Actual Quantity x Actual Price) – (Actual Quantity x Standard Price) or AQ (AP-SP) Materials Price Variance = 12‚000 plates x ($2.50 - $2.35) = $1‚800 Materials Quantity Variance measures the difference
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The purpose of the major crime-reporting programs is to provide an overview of criminal activity. These programs seek to gain information about the frequency of crimes being committed‚ the victims impacted by such crimes‚ and also the type of crime committed. When these programs are used successfully an accurate picture of crime (through statistics) can be presented‚ therefore allowing such programs to aid lawmakers and other government officials. Such statistics aid in creating crime control
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Record Organization HCR/210 January 15‚ 2012 There are a few differences and similarities among small‚ medium‚ and large facilities concerning the organization of patient records and in how they handle loose reports. I have noticed that most facilities prefer that their loose records are permanently anchored in their charts‚ which makes sense to me because it prevents the loose reports from being misplaced and lost. However‚ the different sizes of facilities tend to organize patient
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I think business today is learning to use the new communication technologies‚ while some find a fair level of success‚ others still struggle to find the benefits. If a company is under the influence of one who has not embraced the current trends‚ then that type of thinking may be descended down through the ranks. Other factors may include the capital needed to fund the investment necessary to keep up with updating equipment and training. Some types of business may require frequent updates to protect
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A local business that I frequent is Walmart. I go there on almost a weekly basis to get groceries and other necessities. The three main components of a business model are its business commerce‚ business occupation‚ and business organization. Business as a commerce is the process in which people produce‚ exchange‚ and trade goods and services. Walmart’s business commerce is trade. As Walmart has expanded‚ they are engaged in not only the trade of goods‚ but also services. Most Walmart stores have
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1. Which one of the three phases of the behavioral viewpoint‚ a historical management perspective‚ is best illustrated in the article? Explain why. Ans: The three phases of the behavioral viewpoint are early behaviorism‚ the human relations movement and behavioral science. The phase best illustrated in the article is Behaviorism which was pioneered by Follett‚ Mayo and Munsterberg who talked about how psychologist can identify the psychological conditions for employees to do their best work. In
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Fixed Costs‚ Variable Costs and Break-even Point Exercise 10.1 During the sixth month of the fiscal year‚ the program director of the Westchester Home-Delivered Meals (WHDM) program decides to again recompute fixed costs‚ variable costs‚ and the BEP using the high–low method. Here are the number of meals served and the total costs of the program for each of the first six months: Month Meals Served Total Costs July 3‚500
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In the first case study I believe we see a lot of the expectancy theory. According to the text (Jones‚ G. R. 2007) the expectancy theory “argues that work motivation is a function of an employee’s belief (a) that working hard will allow the person to perform at a high level‚ and (b) that if the person does perform well‚ he or she will be rewarded for it (see Figure 7.3). According to this view‚ motivation is therefore a two-stage process. Several factors determine whether or not employees believe
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Accounting consists of basic assumptions‚ principles‚ and constraints. There are four basic assumptions of accounting that are the fundamental basis of any set of accounts. The four basic assumptions of accounting include: monetary unit assumption‚ economic period assumption‚ time period assumption‚ and going concern assumption. Monetary unit assumption states that only transaction data that is expressed in terms of money can be included in the accounting records. Economic period assumption states
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