Solution to exercise 1.1 1) b, c 2) $220,000 3) a, c, j Solution to exercise 1.2 (a) (i) Prime cost Reference number 2, 5, 10, 15, and 16 ii) Production overhead Reference number 1, 6, 8, 12, 19, and 20 iii) Administration overhead Reference number 3, 9, and 11 iv) Selling overhead Reference number 7, 14, and 17 v) Distribution overhead Reference number 4, 13, and 18 (b) (i) Variable Reference number 2, 5, 10
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Elles mesurent majoritairement moins de 5 mm et sont souvent inoffensives pour l’homme : sur le papier, les araignées n’ont rien d’inquiétant. Pourtant, elles seraient capables de faire paniquer dans la seconde 40% d’entre nous. Comment expliquer qu’elles nous effraient à ce point ? Comment se manifeste l’arachnophobie et à quoi est-elle due ? Retour sur une phobie banalisée mais parfois réellement handicapante. Elyane Vignau Sommaire 26 millions d’arachnophobes ? Des difficultés au quotidien
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Case Assignment #1 LinkedIn Corp., 2008 Case 9‐709‐426 Rev: October 31, 2008 This case must be downloaded from Harvard Business School Publishing. The Download Site is: http://harvardbusinessonline.hbsp.harvard.edu/relay.jhtml?name=cp&c=c25280 About the Company LinkedIn Corp., is an example of a “Web 2.0” Company, and a classic dot.com Internet‐based company that pursued financing to launch, and underwent launch and growth challenges. The Company operates the Website LinkedIn.com
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(traditional) costing system? Evaluate the features of this system. Should Wilkerson abandon its overhead cost allocation system and make managerial decisions based on contribution margin (price less variable costs); thereby in effect using marginal costs rather than average costs? Note: only direct materials and direct labor costs are assumed to be variable here. 3. Compute revised product costs based on an ABC (activity-based costing) analysis. Interpret your findings regarding the profitability
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the institute of cost accountants of india(ICAI) (A Statutory body under an act of parliament) SYLLABUS 2012 STRUCTURE & contents Evaluation Synthesis ANALYSIS ANALYSIS APPLICATION APPLICATION COMPREHENSION COMPREHENSION COMPREHENSION KNOWLEDGE KNOWLEDGE KNOWLEDGE LEVEL A LEVEL B LEVEL C FOUNDATION COURSE - Syllabus 2012 the institute of cost accountants of india(ICAI) (A Statutory body under an act of parliament)
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Marginal Analysis In economics, there are three important terms, marginal revenue (MR), marginal cost (MC) and profit (P). Marginal revenue is defined as a change in total revenue that comes from selling one more unit of output. However, when applied to a pure monopoly, marginal revenue is less than the price of all levels of output except the first level. Marginal cost is the additional cost of making one more unit of output. It can be determined by noting the change in total cost which the unit’s
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an opportunity cost that an accountant might not count as a cost. Why would the accountant ignore this cost? Opportunity cost is where money does not change hands does not count as a cost. An example of this is the owner's opportunity cost for an alternate employment, since money does not change hands. The accountant would ignore this cost as no cash flow has occurred to cause an effect in the balance sheet. 2. Draw a production function that exhibits diminishing marginal product of labour
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Exercise 8 Solution Chapter 10 Technology, Production, and Costs 10.1 Technology: An Economic Definition 1) A firm has successfully adopted a positive technological change when A) it can produce more output using the same inputs. B) it produces less pollution in its production process. C) can pay its workers less yet increase its output. D) it sees an increase in worker productivity. Answer: A Comment: Recurring Diff: 2 Page Ref: 326/326 Topic: Technological
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ECON3020 EXAM II NAME (PRINT) _______________________________ TRUE/FALSE QUESTIONS (1 POINT EACH) 1. Average total cost is the sum of fixed cost plus variable cost. 2. Other things equal, the larger is the contribution margin the smaller is the breakeven quantity. 3. When the products are standardized, we can be sure that the industry will behave competitively. 4. When free entry exists, the perfect competitive model suggests that economic profit will always be equal to zero. 5. The
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operating under the ABC system fixed cost. Fixed cost is a set price for a product or service; items that are related to fixed cost are rent, house payments, and car notes. A lot of businesses use this practice when they have the type of business that has requiring clients. When Super Bakery first started with this cost system on paper it made a lot of sense. Find out what it takes to make the product, find a comfortable margin, and sell. As the company grew it cost more money to get the company the
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