Variable cost Essay Examples

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Hsm260 Essay

281 words - 2 pages Fixed Costs, Variable Costs, and Break-Even Point 10.1 The highest meal minus the lowest meal = 4900-3500=1400 Highest cost minus the lowest cost= 26000-20500=5500 The variable cost could be the two answers from meals and cost divided by each other. Variable cost =5500/1400=$3.92857142857 or $3.93 Fixed cost is total cost-variable cost. So for July or the lowest meals and cost so 20500-(3500*3.93) so 3500*3.93=13755=20500-13755=6,745 Fixed cost 1 =6,745 To find BEP we need to know the formula which is Px=A+Bx So in 10.3 and 10.5 tables of the reading the price per unit is 5.77 so 5.77x=6,745+3.93x 5.77-3.93=6,745 (3.93-3.93) 1.84x=6745 1.84x/1.84x=6,745/1.84x X=3,666 monthly... VIEW DOCUMENT
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Costing Methods Essay

377 words - 2 pages Costing Methods Heidi Loebig Costing Methods Absorption and variable are two costing methods used in accounting; both costing methods have advantages and disadvantages. In absorption costing manufacturing costs being absorbed by the product. Product costs under variable accounting include direct labor, material costs, and variable manufacturing overhead. The Polk Company used variable and absorption costing to generate income statements. Both the variable and absorption income statements showed net income at a loss. The absorption income statement recorded a higher net income; because manufacturing overhead costs are part of the production costs. Absorption costing allows the... VIEW DOCUMENT
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Solution Manual To Introduction To Management

2262 words - 10 pages Problem 1-14B (45 minutes) 1. | |House Of Pianos, Inc. | | |Traditional Income Statement | | |For the Month Ended September 30 | | | | | | | |Sales (60 pianos × $3,300 per piano) ... VIEW DOCUMENT
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Accounting Essay

540 words - 3 pages Profitability analysis framework Volume Revenues Price Profitability Fixed Costs Variable Terminology Revenue driver – any factor that causes a change in the total revenue of a product or service e.g. – volume of units sold, change in selling price how to measure volume? Differs by type of business – patient days for hospitals, “load” factor for airlines, sales per square feet for retailers Cost driver – any factor that causes a change in the total cost of a product or service e.g. - quality of materials, number of parts, skill of production workers, patients treated More Terminology Variable cost – cost that changes in total in direct proportion to changes of a cost driver (e.g.,... VIEW DOCUMENT
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Salem Telephone Data Corp Essay

2617 words - 11 pages Table of Content Executive Summary 1 Background 2 Analysis 3 Recommendations 4 Appendix A- Summary of Computer Utilization 5 Appendix B- Summary Results of Operations, First Quarter 2004 6 Appendix C- Variable and Fixed Cost in respect to revenue hours 7 Appendix D- Breakdown of Variable Cost per Hour Usage 8 Appendix E- Contribution Margin Income Statement, March 2004 9 Appendix F- Contribution Margin Ratios 11 Appendix G- Break-even Analysis 12 Appendix H- “What if” Analysis 13 Executive Summary Since 2001, Salem Data Services has been operating at a net loss. After review the reports from first quarter 2004, it has become apparent that action will be necessary. ... VIEW DOCUMENT
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Accounting Costs Essay

2018 words - 9 pages COST CLASSIFICATION AND BEHAVIOUR. Cost: Reflects a monetary measure of the resources sacrificed or forgone to achieve a benefit such as acquiring a good or service. The term has multiple meanings: Different types of costs are used in different situations. Costs are developed and used for some specific purposes. The way a cost is used is to be used will define the way it should be computed. Cost Object: Any activity for which a separate measurement of cost is required. Something for which we want to compute a cost e.g. Product Product Line Department Division Geographical Area Cost unit: Unit of Production / service in relation to which cost are ascertained the unit is what is most relevant... VIEW DOCUMENT
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Jhkl Essay

1177 words - 5 pages Case l6-1: Hospital Supply, Inc.* Approach The Hospital Supply case is placed in this chapter for those instructors who wish to expose students to alternative choice decisions and the related differential costing prior to getting into the details of full costing. Because in many programs the marketing and management accounting courses begin at the same time, this case also enables the accounting instructor to assist his or her colleagues in marketing by introducing break-even analysis at the start of the term; questions 1 and 4 can be used for this purpose. The case is also useful for giving students a good understanding of the fixed/variable cost dichotomy. In particular, I think it... VIEW DOCUMENT
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Foundational 15 Chapter 5 Essay

1044 words - 5 pages Lecture Unit 3 In the last unit we were introduced to the contribution income statement. I noted the needs of internal management in planning, controlling and decision making are met with this statement format. Breaking costs into behaviors and not functions allows management to determine how costs will rise and fall with different levels of activity; this is a very important concept. A company can have the best products, best workers, and best machinery, but imprecise pricing or cost control can obliterate a product-line or a company in whole. Cost-Volume-Profit analysis is part the management process in which profitability can be estimated. I say estimated because you can... VIEW DOCUMENT
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Acc 561 Week 4 Complete Assignment And Dqs

439 words - 2 pages ACC 561 WEEK 4 COMPLETE ASSIGNMENT AND DQS TO purchase this tutorial visit following link: http://wiseamerican.us/product/acc-561-week-4-complete-assignment-dqs/ Contact us at: SUPPORT@WISEAMERICAN.US ACC 561 WEEK 4 COMPLETE ASSIGNMENT AND DQS Week 4 Individual Assignment Costing Methods Paper Resource:Accounting Read BYP17-5, titled Communication Activity, in the Ch. 17 “Broadening Your Perspective” section ofAccounting. Write a paper of approximately 700 words addressing the following questions: · What strategies did the management of Super Bakery, Inc. use? · Why did Super Bakery’s management think it was necessary to install an ABC system? Do you agree with their reasoning?... VIEW DOCUMENT
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Usefulness Of Cost Volume Profit Analyisi As Amangerial Concept

2473 words - 10 pages "USEFULNESS OF COST VOLUME PROFIT ANALYISI AS AMANGERIAL Concept" By samya Alakhdar , Dr . Moade Shubita , NYIT –AMMAN –JORDAN FALL-2011. Key words :managerial accounting , cost accounting , CVP. o "USEFULNESS OF COST VOLUME PROFIT ANALYISI AS AMANGERIAL CONCEPT" 1  DR.MOADE SHUBITA "USEFULNESS OF COST VOLUME PROFIT ANALYISI AS AMANGERIAL Concept" By samya Alakhdar , Dr . Moade Shubita , NYIT –AMMAN –JORDAN FALL-2011. Key words :managerial accounting , cost accounting , CVP.                      TOPICS TO COVER: ABSTRACT INTRODUCTION PROBLEM ASSUMPTION UNDERLYING CVP ANALYSISI THE CONTRIBUTION MARGIN. CONTRIBUTION MARGIN INCOME STATEMENT DEFINE THE... VIEW DOCUMENT
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Accounting

712 words - 3 pages AMERICAN INTERCONTINENTAL UNIVERSITY ACTIVITY-BASED COSTING & PROCESS COSTING Managerial Accounting The Ski Pro Corporation, which produces and sells to wholesalers a highly successful line of water skis, has decided to diversify in an effort to stabilize sales throughout the year. The company is considering the production of cross-country skis. This assignment requires that a determination be made with regard to how Ski Pro should proceed in their business endeavors. Included in this assignment is an Excel spreadsheet depicting this scenario   Ski Pro must first decide whether or not to make or buy the bindings. Ski pro must look at the avoidable costs and compare... VIEW DOCUMENT
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Ac 505

584 words - 3 pages Jaylen Haynes AC 505 Professor Wright Case Study 2 5/20/12 Springfield Express is a luxury passenger carrier in Texas. All seats are first class, and the following data are available: Number of seats per passenger train car 90 Average load factor (percentage of seats filled) 70% Average full passenger fare $ 160 Average variable cost per passenger $ 70 Fixed operating cost per month $3,150,000 Formula : Revenue = Units Sold * Unit price ... VIEW DOCUMENT
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Ac 505 Case Study 2

570 words - 3 pages Springfield Express is a luxury passenger carrier in Texas. All seats are first class, and the following data are available: Number of seats per passenger train car 90 Average load factor (percentage of seats filled) 70% Average full passenger fare $160 Average variable cost per passenger $70 Fixed operating cost per month $3,150,000 a. What is the break-even point in passengers and revenues per month? b. What is the break-even point in number of passenger train cars per month? c. If Springfield Express raises its average passenger fare to $ 190, it is estimated that the average load factor will decrease to 60 percent. What will be the monthly break-even point in number of... VIEW DOCUMENT
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Business Case Study

338 words - 2 pages ※ 繳交日期五月二十日下午五點前,逾期不計分 作業Ⅵ: The Healthy Spring Water company sells bottled water for offices and homes. The price of the water is $20 per 10 gallon bottle and the company currently sells 2000 bottles per day.  Following is the company's income and costs on a daily basis. Sales revenue $40,000 Incremental Variable cost $16,000 Nonincremental Fixed cost $20,000 [Note: you can assume that variable costs are constant so that the average of them is also the variable cost relevant for a change in sales.] The company is enjoying stable demand with its current pricing, but management is looking for ways to increase profitability. One suggestion is that the company reposition its... VIEW DOCUMENT
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Profit Calculation

791 words - 4 pages The Basic Profit Equation: Cost-Volume-Profit analysis (CVP) relates the firm’s cost structure to sales volume and profitability. A formula that facilitates CVP analysis can be easily derived as follows: Profit = Sales – Expenses Profit = Sales – (Variable Costs + Fixed Costs) Profit + Fixed Costs = Sales – Variable Costs Profit + Fixed Costs = Units Sold x (Unit Sales Price – Unit Variable Cost) This formula is henceforth called the Basic Profit Equation and is abbreviated: P + FC = Q x (SP – VC) Contribution margin is defined as Sales – Variable Costs The unit contribution margin is defined as Unit Sales Price – Unit Variable Cost ... VIEW DOCUMENT
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Acc 561 Week 6 Assignment Wiley Plus - Latest

674 words - 3 pages ACC 561 Week 6 Assignment Wiley PLUS - Latest IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://www.hwspeed.com/ACC-561-Week-6-Assignment-WileyPLUS-Latest-438493893.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JOHNMATE1122@Gmail.Com Exercise 20-3 Garza and Neely, CPAs, are preparing their service revenue (sales) budget for the coming year (2012). The practice is divided into three departments: auditing, tax, and consulting. Billable hours for each department, by quarter, are provided below. Department Quarter 1 Quarter 2 Quarter 3 Quarter 4 Auditing 2,560 1,750 2,200 2,740 Tax 3,110 2,750 2,140 2,790 ... VIEW DOCUMENT
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Essay

507 words - 3 pages 3. Yes, in some situations, per unit variance is much more useful than the series of functional variances. Company can define the reasons of the variances much more clearly by calculating the per unit variance. And company can fix the problem by directly control the agency in charge. To analysis the variance, firstly we need to calculate the variable cost per unit of product. Using Exhibit 3(Total variable manufacturing costs) we can easily get the cost per unit of the products (Exhibit 4). From the exhibit, we can find out that all the actual cost per unit is higher than the standard ones which mean all the variances are unfavorable. Then we can calculate the exact number of price variance... VIEW DOCUMENT
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Life Lessons

456 words - 2 pages Axia College Material Appendix E Financial Officer Interview Directions: Conduct the following interview with a financial officer of a health care organization (space has been provided for any additional questions you might have). Once the interview has been completed, answer the questions in Part II. Part I: Interview Questionnaire 1. Briefly describe your current position and its duties and responsibilities. Accounts Receivable, Accounts Payable, Reconcile Bank Accounts, Submit Financial Statements at month end to CPA 1. What are the revenue centers for your organization? ... VIEW DOCUMENT
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Transfer Prices

1287 words - 6 pages TRANSFER PRICING Overview The essential feature of decentralization in large firms is the creation of responsibility centers (e.g. cost, profit, or investment centers). The performance of these responsibility centers is evaluated on the basis of various accounting numbers, such as standard and actual cost, divisional profit or return on investment. A central role of the management accounting system therefore is to evaluate (i.e. attach a dollar figure to) the transactions between the different responsibility centers. Under the subject cost allocation we studied alternative methods to charge user departments for the services rendered by service departments (frequently cost... VIEW DOCUMENT
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Microeconomics - Basics

1216 words - 5 pages Economics Firm: Organisation that brings together FOP (land, labour, capital, entrepreneurship) to product goods and services for sale Industry: group of firms that produce a single g/s (or related) Explicit costs: payment made to outside suppliers of inputs e.g. salaries/wages, raw material, overhead costs implicit costs: do not involve direct payment of money, sacrifice of some alternative e.g. salary forgone/interest forgone (factors are already owned by firm) accounting cost: explicit cost economic costs → opportunity cost to society (explicit + implicit costs) traditional objective = profit maximization profit = revenues – cost. Non traditional... VIEW DOCUMENT
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Case Study

1067 words - 5 pages Hyeokchan Shin Prof. Cheng 02/24/16 BMGT321 Wilkerson Company Wilkerson Company mainly manufactures water purification equipment. The company’s profitability is resulting from the finished goods of pumps, valves, and flow controllers. However, the company has been experiencing the decline in profits. The overall pre-tax operating income has decreased from a historical rate of 10% to less than 3%. Production process of Wilkerson Company can be simplified into three stages. The company first purchases the semi-finished components from suppliers. Then it machines these component parts and assembles them in the manufacturing facility. The production runs are scheduled to match... VIEW DOCUMENT
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Operations Managegement

322 words - 2 pages Unit 3 Project Questions Question One Based on the information presented in the scenario/case study discuss Albatross Anchor’s competitiveness in relation to: (a) Cost (i.e. consider cost of production, economies of scale in material purchasing, cost or raw materials and finished goods sitting idle in the warehouse). (b) Speed of manufacturing process from order to finished product. (c) Flexibility in filling order(s) (d) Technology (e) Capacity and facilities. The current floor plan is inefficient. Please tell what about the current floor plan makes it inefficient and give recommendations for improvement. What type of factory would be best for mixed model manufacturing? (f) Service... VIEW DOCUMENT
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Unit 7 P1

1511 words - 7 pages 14-11-2104 14-11-2104 yorisha sanstra ROC Amstelland 297245 yorisha sanstra ROC Amstelland 297245 Unit 7 finacial m P1 Unit 7 finacial m P1 A) Describe different methods an organization can use to calculate a cost price Cost-plus pricing - Set the price at your production cost, including both cost of goods and fixed costs at your current volume, plus a certain profit margin. For example, your widgets cost €40 in raw materials and production costs, and at sales volume, your fixed costs come to €40 per unit. Your total cost is €80 per unit. You decide that you want to operate at a 20% markup, so you add €20 to the cost and come up with a price of $80 per unit. So long as you... VIEW DOCUMENT
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7-20 Case

985 words - 4 pages Executive Summary In this case analysis, the main purpose is to explain that why the result based on budgeted sales data is different from the result based on the actual sales data. In order to make the explanation, I will provide the brief background in the introduction and critical issue sectors. Moreover, the quantitative and qualitative analysis will be delivered. In the quantitative analysis, I will explain the contribution-format income statement and breakeven point in sales dollars based on actual sales data in detail. Finally, I will also list few recommendations that allows the reader to select the best one fit for the Smithen Company. Introduction In order to generate... VIEW DOCUMENT
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Chapter 20 Flash Cards

2250 words - 9 pages 20-1. Which of the following are factors of production? Output in a production function Productivity → Land, labor, capital, and entrepreneurship Implicit and explicit costs | 20-2. The period in which at least one input is fixed in quantity is the: Long run. Production run. → Short run. Investment decision. | 20-3. The change in total output associated with one additional unit of input is the: Opportunity cost of the output. Average productivity. → Marginal physical product. Marginal cost. | 20-4. If a firm could hire all the workers it wanted at a zero wage (i.e., the workers are volunteers), the firm should hire: Enough workers to produce the output where diminishing... VIEW DOCUMENT
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Eco Week 2

898 words - 4 pages Learning Team Reflection: Production and Cost Analysis Heather Bosack, Iris Cost, Joey Piester, Jennifer Stephenson, and Girlean Taylor ECO/365 February 11, 2013 Jeffrey Lesson Learning Team Reflection: Production and Cost Analysis For our team there were many different experiences that were share in reference to the objectives for this week. Girlean explained that she understood that productivity is the amount of goods and services being produced and that the cost of production is the expenses that occur during production of those goods and services. She also explained that these expenses include fixed cost, variable cost and total cost. The team member shared that she works in... VIEW DOCUMENT
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Acct 505 Midterm Exam (Package)

1289 words - 6 pages ACCT 505 Midterm Exam (Package) Purchase here http://devrycourse.com/ACCT%20505/acct-505-midterm-exam-package Product Description ACCT 505 Week 4 Midterm (Version 1) 1. Page One (TCO A) Direct material cost is a part of:(Points : 6) 2. (TCO A) A cost incurred in the past that is not relevant to any current decision is classified as a(n): (Points : 6) 3. (TCO A) The cost of lubricants used to grease a production machine in a manufacturing company is an example of a(n): (Points : 6) 4. (TCO A) When the activity level is expected to increase within the relevant range, what effects would be anticipated with respect to each of the following? 5. (TCO F) Emco Company uses... VIEW DOCUMENT
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Term Papers

368 words - 2 pages Shrimps Production Ltd.is to select a machine out of two proposal PI and PII.The former is a semi automatic model requiring a fixed rental of Rs.3,000 p.a.and variable cost of production of Rs.1,000 p.a.and variable cost of production of Rs..0.25 perunit. The market demand has been showing fluctuation and probabilities of different demand levels have been put as follows: Demand | v.cost | Rental | Totalcost | Prob. | Expectedcost | 10,000 | 1,000 | 3,000 | 4,000 | 0.12 | 480 | 12,000 | 1,200 | 3,000 | 4,200 | 0.17 | 714 | 150,000 | 1,500 | 3,000 | 4,500 | 0.41 | 1,845 | 17,000 | 1,700 | 3,000 | 4,700 | 0.24 | 1,128 | 19,000 | 1,900 | 3,000 | 4,900 | 0.06 | 294 | | | | | |... VIEW DOCUMENT
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Acct 505 Final Exam 100% Correct Answers

1081 words - 5 pages ACCT 505 Final Exam 100% Correct Answers Follow Link Below To Get Tutorial https://homeworklance.com/downloads/acct-505-final-exam-100-correct-answers/ Description: 1. (TCO C) Silver City, Inc., has collected the following operating information below for its current month’s activity. Using this information, prepare a flexible budget analysis to determine how well Silver City performed in terms of cost control. Actual Costs Incurred Static Budget Activity level (in units) 5,250 5,178 Variable Costs: Indirect materials $24,182 $23,476 Utilities $22,356 $22,674 Fixed Costs: Administration $63,450 $65,500 Rent $65,317 $63,904 2. (TCO D) Globe Co. manufactures... VIEW DOCUMENT
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Mat540Wk2 Quiz

996 words - 4 pages | | MAT540 WEEK 2 | | | | Question 1 2 out of 2 points | | | Probabilistic techniques assume that no uncertainty exists in model parameters.  Answer | | | | | Selected Answer: |  False | Correct Answer: |  False | | | | | Question 2 2 out of 2 points | | | Parameters are known, constant values that are usually coefficients of variables in equations.Answer | | | | | Selected Answer: |  True | Correct Answer: |  True | | | | | Question 3 2 out of 2 points | | | In general, an increase in price increases the break even point if all costs are held constant.  Answer | | | | | Selected Answer: |  False | ... VIEW DOCUMENT
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Finance

874 words - 4 pages Management accounting Name: Course: Instructor: Date: Management accounting Introduction Every business objective is to make profits and reduce costs as much as possible. Most business owners believe that to realize high profits, they need to increase their sales. However, for the sales to increase there must be corresponding increase in the costs since there will be increased amount of work. Increased costs however can be curtailed. Another way that the costs can be reduced is by controlling them. Controlling variable costs Variable costs change with the number of products that are produced for sale. Example of these costs... VIEW DOCUMENT
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Acc 256

2932 words - 12 pages ACCOUNTING 256 FIRST MIDTERM Review Problems Multiple Choice—Choose the best answer. Managerial accounting is concerned with: The company as a whole, rather than with the segments of a company. The data needs of stockholders and creditors. The relevance and flexibility of data rather than precision. Meeting the requirements of generally accepted accounting principles. Recording the financial history of the organization. The basic difference between managerial and financial accounting is that: Financial accounting is concerned with providing financial information to stockholders, whereas managerial accounting is concerned with providing information to managers for their use... VIEW DOCUMENT
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Victor Cheng

317 words - 2 pages Customer Company Product Competition Who is the customer? - identify segments (segment size, growth rate, % of total market) - compare current year metrics to historical metrics (look for trends) What does each customer segment want? - identify keys needs What price is each segment willing to pay? - determine price points and price elasticity/sensitivity Distribution channel preference for each segment Customer concentration and power* (does one customer control all the demand, the "Wal-Mart" effect) Capabilities and expertise Distribution channels used Cost structure (mainly fixed vs. variable - is it better to have higher fixed cost with lower variable, or vice versa. High... VIEW DOCUMENT
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Bill French Case

1479 words - 6 pages BILL FRENCH I. BACKGROUND AND ISSUES Bill French was staff accountant of Duo-Products Corporation. He was reporting to Wes Davidson and had been doing routine types of analytical work. In an informal manager’s meeting, Davidson invited Bill French to attend. French choose to present break-even data to determine the level at which the company must operate in order to break-even. During the meeting, French was challenged and questioned because his presentation failed to consider some aspects of the company’s operation such plans for expansion in sales and production, the product mix and prices on individual product basis since he was only using “averaging”. This is because of his... VIEW DOCUMENT
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Acct 346 Midterm Exam Updated - Devry

1828 words - 8 pages ACCT 346 Midterm Exam Updated - DeVry IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download s http://www.hwnerd.com/ACCT-346-Midterm-Exam-Updated-DeVry-1160.htm?categoryId=-1 If You Face Any Problem E- Mail Us At Contact.Hwnerd@Gmail.Com Question : (TCO 1) Managerial accounting stresses accounting concepts and procedures that are relevant to preparing reports for Question : (TCO 1) Which of the following statements regarding fixed costs is true? Question : (TCO 1) Which of the following costs does not change when the level of business activity changes? Question : (TCO 1) A retailer purchased some trendy clothes that have gone out of style... VIEW DOCUMENT
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Acct 346 Midterm Exam Updated - Devry

1828 words - 8 pages ACCT 346 Midterm Exam Updated - DeVry IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download s http://www.hwnerd.com/ACCT-346-Midterm-Exam-Updated-DeVry-1160.htm?categoryId=-1 If You Face Any Problem E- Mail Us At Contact.Hwnerd@Gmail.Com Question : (TCO 1) Managerial accounting stresses accounting concepts and procedures that are relevant to preparing reports for Question : (TCO 1) Which of the following statements regarding fixed costs is true? Question : (TCO 1) Which of the following costs does not change when the level of business activity changes? Question : (TCO 1) A retailer purchased some trendy clothes that have gone out of style... VIEW DOCUMENT
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His 135 Week 2 Discussion Question 2

370 words - 2 pages This pack of HIS 135 Week 2 Discussion Question 2 comprises: Who were the beatniks and why did they rebel against American society? Are there counterparts in today Business - General Business Week 1 Ethics in Cost Control . (Exercise 1-9) Zoya Arbiser, regional manager of Gold Medal Sports Shops, is reviewing the results of 15 stores in her region. Store managers are moved annually. Each store manager's income is very dependent on the direct contribution margin of that store. For the past year, Store 9 has been managed by a person who has operated several other profitable stores in recent years and is about to be promoted to a larger store. Zoya notices several items that bother... VIEW DOCUMENT
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Assignment

523 words - 3 pages Camelback Assignment Executive summary and statement of the problem CCI implements different approaches to get 40% mark on for its four different products. During first cycle product A could not get minimum 25% mark up and due to that it became discontinue. After first cycle, CCI will charge $43 for product B, $78.498 for product C and $50 for product D. When it continues the same approach, product C's Mark up level is 6.12% which is less that 25% mark up level policy so CCI will discontinue production of C and increase production of B. Total allocated cost is $75000 and total labor hour are 5000 so allocation rate per hour will be $15. CCI will charge $77 for product B,... VIEW DOCUMENT
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Acct 505 Project B

420 words - 2 pages ACCT505 Part B Capital Budgeting Problem Clark Paints Data: Cost of new equipment $200,000 Expected life of equipment in years 5 Disposal value in 5 years $40,000 Life production—number of cans 5,500,000 Annual production or purchase needs 1,100,000 Initial training costs 0 Number of workers needed 3 Annual hours to be worked per employee 2,000 Earnings per hour for employees $12.00 Annual health benefits per employee $2,500 Other annual benefits per employee—% of wages 18% Cost of raw materials per can $0.25 Other... VIEW DOCUMENT
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Analyzing Managerial Decision: Itunes Music Pricing

1551 words - 7 pages Analyzing Managerial Decision: iTunes Music Pricing by HCM-540, MBOL5, Health Care Organization Instructor: Saint Leo University Distance Learning November 10, 2013 Abstract Apples’s Itunes music store came upon the music industry in 2003. It quickly became supreme within the music industry. The iPod, Apple’s MP3 players, and iTunes software were all interfacing, making it one of the more popular technology favorites among consumers. At odds with iTunes were the music companies crying foul over infringement and pricing. Buying overpriced CDs were quickly becoming a thing of the past. Music had been illegally accessed through peer-to-peer file sharing networks. With... VIEW DOCUMENT
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Unknown

5042 words - 21 pages Preliminary Test of Cost Accounting Knowledge--Does not affect your grade! Name___________________________________ Mark one letter for each question response. Note that in some cases there are options like ʺD) Both A and C are correct.ʺ MULTIPLE CHOICE.  Choose the one alternative that best completes the statement or answers the question. 1) Cost objects include: A) customers C) products B) departments D) All of these answers are correct. 2) Cost tracing is: A) the process of tracking both direct and indirect costs associated with a cost object B) a function of cost allocation C) the assignment of direct costs to the chosen cost object D)... VIEW DOCUMENT
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Finance 370 Week 2

1077 words - 5 pages Fin 370 Week 2 Individual Assignment Chap. 14 Questions 14-1, 14-3, 14-4 Chap. 15 Questions 15-12A, 15-13A Question 14-1 What are financial markets? What function do they perform? How would an economy be worse off without them? Financial markets report price for each good; they are institutions and procedures that facilitate transactions in all types of financial claims (securities). Each financial market performs a different function. Such as the stock markets primary function is to provide a platform for investors to buy shares of ownership of a public corporation which are sold to investors to allow the companies to raise a lot of cash at once. The investors profit when the... VIEW DOCUMENT
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Acct 505 Week 4 Midterm (Version 3)

346 words - 2 pages ACCT 505 Week 4 Midterm (Version 3) Purchase here http://devrycourse.com/ACCT%20505/acct-505-week-4-midterm-version-3 Product Description Page One 1. (TCO A) Wages paid to an assembly line worker in a factory are a: 2. (TCO A) A cost incurred in the past that is not relevant to any current decision is classified as a(n): 3. (TCO A) Property taxes on a company's factory building would be classified as a(n): 4. (TCO A) When the activity level is expected to increase within the relevant range, what effects would be anticipated with respect to each of the following? 5. Fixed Cost Per Unit Variable Cost Per Unit 6. (TCO F) Which of the following statements is true? I.... VIEW DOCUMENT
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Acct 505 Week 4 Midterm (Version 3)

346 words - 2 pages ACCT 505 Week 4 Midterm (Version 3) Purchase here http://devrycourse.com/ACCT%20505/acct-505-week-4-midterm-version-3 Product Description Page One 1. (TCO A) Wages paid to an assembly line worker in a factory are a: 2. (TCO A) A cost incurred in the past that is not relevant to any current decision is classified as a(n): 3. (TCO A) Property taxes on a company's factory building would be classified as a(n): 4. (TCO A) When the activity level is expected to increase within the relevant range, what effects would be anticipated with respect to each of the following? 5. Fixed Cost Per Unit Variable Cost Per Unit 6. (TCO F) Which of the following statements is true? I.... VIEW DOCUMENT
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Acct 346 Slingshot Academy / Tutorialrank.Com

1716 words - 7 pages ACCT 346 Managerial Accounting Course Project on Bravo Baking Company (DEVRY) For more course tutorials visit www.tutorialrank.com This course has a six-part project with deliverables due in six of the eight weeks. The course project takes a new company through hypothetical scenarios to reinforce the TCOs. By using a single entity, in a variety of business situations, you will see the practical application of a number of managerial accounting concepts taught in this course. You will have access to an interactive Excel Template in Doc ------------------------------------------------------------------------------------------------------------------------ ACCT 346 Managerial... VIEW DOCUMENT
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Devry Acct 505 Final Exam

1170 words - 5 pages Devry ACCT 505 Final Exam IF You Want To Purchase A+ Work then Click The Link Below For Instant Down Load http://www.hwspeed.com/Devry-ACCT-505-Final-Exam-04040444231.htm?categoryId=-1 IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM Question 1.(TCO F) Escatel Corporation bases its predetermined overhead rate on the estimated labor hours for the upcoming year. Data for the most recently completed year appear below. Estimates made at the beginning of the year 24,000 Estimated labor hours $6.86 per labor hour Estimated variable manufacturing overhead $394,560 Estimated total fixed manufacturing overhead 24,500 Actual labor hours for the year ... VIEW DOCUMENT
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Devry Acct 505 Final Exam

1170 words - 5 pages Devry ACCT 505 Final Exam IF You Want To Purchase A+ Work then Click The Link Below For Instant Down Load http://www.hwspeed.com/Devry-ACCT-505-Final-Exam-04040444231.htm?categoryId=-1 IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM Question 1.(TCO F) Escatel Corporation bases its predetermined overhead rate on the estimated labor hours for the upcoming year. Data for the most recently completed year appear below. Estimates made at the beginning of the year 24,000 Estimated labor hours $6.86 per labor hour Estimated variable manufacturing overhead $394,560 Estimated total fixed manufacturing overhead 24,500 Actual labor hours for the year ... VIEW DOCUMENT
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Financial Management

1309 words - 6 pages HEALTH FINANCIAL MANAGEMENT The Housekeeping Service department of Ruger Clinic, a multispecialty practice in Toledo, Ohio, had $100,000 in direct costs in 2007. These costs must be allocated to Ruger’s three revenue-producing patient services departments using the direct method. Two cost drivers are under consideration: patient services revenue and hours of housekeeping services used. The patient services departments generated $5million in total revenues in 2007, and to support these clinical activities, they used 5,000 hours of housekeeping services. 1) What is the value of cost pool? Sol)A critical part of cost measurement at the subunit level is the assignment or allocation,... VIEW DOCUMENT
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Devry Comp122 Full Course Latest 2015 [ All Discussions All Homework And All Ilabs ]

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Bill French

287 words - 2 pages 1. Bill has assumed that Duo-Products' relevant range for fixed costs will remain constant even after planned expansion of production capacity. He has also assumed that there is just one breakeven point for the firm (by taking the average of the 3 products). He has also assumed that the sales mix will remain constant. Two other assumptions are that total revenue and total expenses behave in a linear manner over the relevant range. These 2 are standard when Cost Volume Profit analysis is carried out. 2. a) There is an extra $720,000 a year in fixed costs estimated by Fred Williams for this year. Since capacity is being expanded to increase production of Product C, it could be assumed that... VIEW DOCUMENT