product line. According to Sippican’s cost accounting system further decrease in the price of pumps would not be acceptable as because of the past price reductions the margin on pumps have already declined from the planned 35% to 5%. Detailed and alternative analysis of the costs – such as Activity Based Cost analysis – reveals alternatives for the management to decide on pricing‚ efficiency measures‚ and product development. Sippican Corporation uses a simple cost accounting system for performance
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Assignment 2 (20 points) Assignment 2: Costs and Profit Instructions Save this file in your course folder‚ and name it with Assignment‚ the section number‚ and your first initial and last name. For example‚ Jessie Robinson’s assignment for Section 1 would be named Assignment1JRobinson. Type the answers to the assignment questions below. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment. At the end of each day‚ be sure to save your
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____ 1. A cost is not relevant if it: A. B. C. D. E. Does not differ for each option available to the decision maker. Changes from period to period. Is a future cost. Is a mixed cost. Is a fixed cost. 2. Variable costs will generally be relevant for decision making because they: A. B. C. D. E. Differ between options. Are volume-based. Have not been committed and differ between options. Differ between options and have been committed. Measure opportunity cost. 3. Fixed costs will often be
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3 years of social outcast‚ Ariely started to look at society as an outsider‚ he also noticed what caused people to behave the way they do. Ariely’s passion for researching and conducting experiments developed during his studies in a physiology course at Tel Aviv University. Throughout the book‚ Ariely conducts various experiments to show us that many of the
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REDUCING HEALTHCARE COSTS THROUGH THE IMPLEMENTATION OF HOSPITAL-GOVERNED DISEASE MANAGEMENT PROGRAMS Healthcare costs in the United States are on a continual rise with no relief on the horizon. As the population ages and lifestyles differ from one individual to the next‚ healthcare third party payers such as commercial insurance plans‚ employee health benefit plans‚ the Medicare program and state Medicaid programs are searching for strategies to lower the costs associated with providing
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I agree the Mark Bittman that the true cost of a burger is not the price that we pay at the time of purchase; rather there are many externalities that are not included in the price of burgers that are produced by fast food restaurants. The writer started the article with mention of The Cheeseburger Bill which was passed by house of Representatives in 2005 that is forbade the consumers to sue the fast food companies over the weight gain. One the fast food restaurants make a burger‚ they produce a
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purpose‚ direction‚ and motivation while operating to accomplish the mission and improving the organization”. We will discuss the three levels of leadership: direct‚ organizational‚ and strategic. There is a common principle and practice between the three types of leadership levels. To be a quality leader it is critical to understand the direct‚ organizational‚ and strategic levels of Army leadership. The assignments of leaders become more complex and mutually reliant of each other‚ require more responsibility
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answer is what type of equipment may be leased‚ and the answer is any type of equipment is allowed to be leased. For example; railcars‚ helicopters‚ bulldozers‚ barges‚ CT scanners‚ computers‚ and the list goes on and on. Three types of Lessors There are three main types of lessors and they are banks‚ captive leasing companies‚ and independents. Banks are generally the biggest players in the leasing business. They have low funds which allow them to purchase assets at a lesser cost than their
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Nedam Engineering Ing. C. (Kees) Vermeij Head of estimation Ballast Nedam Infra Projecten Abstract Companies are starting to use Building Information Models (BIMs) for cost estimation purposes. This BIM-based estimating enables estimators to quickly and accurately extract quantities and estimate construction costs‚ potentially leading to a better estimate. In projects that are more complex however‚ acquiring an accurate estimate requires more effort‚ because complexity features influence
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What is Cost & Management Accounting Reporting Systems? Cost Accounting Reporting System deals with the process of tracking‚ measuring‚ recording and classifying the appropriate allocation of expenditure (financial and non-financial) for the determination of the cost of product or service in an organization and for the presentation of suitably arranged data for the purpose of control and guidance of management (Horngren et al‚ 2010). Costs are measured in terms of Direct Costs‚ Indirect Costs and
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