change of RELEVANT items ONLY. The company’s calculation is WRONG‚ as it takes into concern of irrelevant fixed cost. By double-counting depreciation‚ other Mfg. overheads‚ SG&A in Sunday’s cost; it distorts the P&L sheet. To correctly show cost structure for decision making‚ there are two different approaches‚ yet each should reach same conclusion. Approach 1: Differential Cost Approach As suggested in case‚ by producing 4 unites on Sunday‚ total depreciation‚ total Mfg. overhead and SG&A
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If I was meant to be controlled‚ I would have come with a remote. My life- i’m in control‚ or am I‚ I think that I am in control. Good morning gentlemen I am going to be telling you why I am in control of my life and that I can make my own decisions on things. My three main points are: 1 I choose to do hard challenges and chores because I benefit from it‚ 2 when do I become almost fully independent on my decision making‚ and 3 the people that influence my decisions and help me choose what decisions
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What is meant by identity?Identity can be defined as how I see myself and how others see me. (Woodward‚ 2007‚ p7). Identity can be confused with personality. Where personality describes certain qualities individuals may have such as being confident and outgoing or shy and introvert‚ identity requires some degree of choice. Identity is marked by similarity and identities are formed through interaction between people. We choose to belong and identify with a particular identity or group. This sense
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the relevant cost is the cargo cost only. Therefore‚ profit contribution of carrying I ton of tapioca from Balik and Singapore: Expected revenue $5.10 Less freight cost (0.25+0.56) 0.81 Profit Contibution 4.29 From Singapore to Balik: Expected Revenue $2.70 Less freight cost (0.16+0.32+0
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WHAT TENSES MEAN TO ME Today fluency in English is a very valuable asset. For second language speakers‚ English creates better job opportunities abroad‚ and it is essential for living and working in foreign countries. Although tenses are only one small part of English language‚ they are nonetheless important to have mastered. One cannot run away from having to use the language in one way or another. China has come to realize the importance of mastering English‚ and have begun to learn the
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In the story of Abraham and Isaac the story was meant to edify. Edify is supposed to improve on someone’s moral and intellectual knowledge. The purpose of the play was to get Abraham and god more connected on a personal level. He talked with his son Isaac about going on a trip to sacrifice an animal. On the other hand‚ Abraham was there to sacrifice is son that he loved very because that is what god wanted. He was going to sacrifice his son because of his relationship with god was suffering so he
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Politics questions a. What is meant by legitimacy? Legitimacy refers to the degree to which the state or its government can be considered to have the right to exercise power. A state or government can be said to be legitimate if it has a valid claim to rule. Legitimacy is generally understood as the popular acceptance and recognition‚ by the public‚ of the authority of a governing régime‚ whereby authority has political power through consent and mutual understandings‚ not coercion. The three
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Assignment: 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 $20‚500. August 4‚000 $22‚600. September 4‚200 $23
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Score 0/4 Your response Exercise 5-1 Fixed and Variable Cost Behavior [LO1] Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $1‚200 and the variable cost per cup of coffee served is $0.22. Requirement 1: Fill in the following table with your estimates of total costs and cost per cup of coffee at the indicated levels of activity for a coffee stand. (Round average cost per cup of coffee to 3 decimal places. Omit the
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WHAT IS A RANDOM VARIABLE? A random variable assigns a number to each outcome of a random circumstance‚ or‚ equivalently‚ a random variable assigns a number to each unit in a population. It is easier to create rules for broad classes of situations and then identify how a specific example fits into a class than it is to create rules for each specific example. We can employ this strategy quite effectively for working with a wide variety of situations Involving probability and random outcomes. We
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