“ Polysar Ltd Case” Brief Introduction to Polysar Limited Polysar Limited is the Canada’s largest chemical company and the world’s largest producer of synthetic rubber and latex and a major producer of basic petrochemicals and fuel products. The organization is structured into three groups: petrochemicals, rubber and diversified products; the rubber group accounts for 46% of Polysar’s sales, whose main products are butyl and halobutyl, and whose principal customers are tire manufacturers
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number of individual inventory or total sales of a company within a particular timeframe. In the case of Pizza Hut, the volume sold for the 7556 U.S locations was recorded in 2012 as: Specific Inventory | Amount sold in individual stores | Amount sold in USA | Pizza | 825,227 | 6,235,415,212 | Chicken Meals | 508,926 | 3,845,444,856 | Side Dishes | 411,708 | 3,337,545,648 | Desserts | 139,890 | 1,057,008,840 | Beverages | 721,926 | 5,454,827,856 | Total Amount Sold | 2,607,677 | 19,930
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|[pic] |SYLLABUS | | |Axia College/College of Social Sciences | | |HSM/260 Version 3 | |
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of direct labor and manufacturing overhead. These costs are incurred to convert materials into the finished product. Indirect labor is treated as part of manufacturing overhead. 2. Prime cost and conversion cost share what common element of total cost? B. Direct labor. Prime cost is the sum of direct materials and direct labor, likewise Conversion cost is the sum of direct labor and manufacturing overhead. 3. On the Schedule of Cost of Goods manufactured, the final Cost of Goods Manufactured
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| | | In determining the shape of the cost-output relationship only ____ depreciation is relevant.Answer | | | | | Selected Answer: | usage | Correct Answer: | usage | | | | | * Question 2 5 out of 5 points | | | George Webb Restaurant collects on the average $5 per customer at its breakfast & lunch diner. Its variable cost per customer averages $3, and its annual fixed cost is $40,000. If George Webb wants to make a profit of $20,000 per year at the diner,
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Index 1. Income statement (Contribution Margin) | | 2008 | | | 2009 | | | 2011 | | 10,153 | Per Unit | Budgeted Amount | 9,967 | Per Unit | Budgeted Amount | 13,063 | Per Unit | Budgeted Amount | Sales | $815 | 8,279,000 | | $814 | 8,117,000 | | $816 | 10,656,000 | VC | $468 | (4,750,000) | | $467 | (4,654,000) | | $467 | (6,106,000) | CM | $347 | 3,529,000 | | $347 | 3,463,000 | | $349 | 4,550,000 | FC | | $(3,230,000) | | | $(3,333,000) | | | $(4,921,000) | NI |
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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
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amounts to 2% of total revenues and it is estimated that the promotional elasticity of demand is 0.1. It is also estimated that variable costs per student are Rs.60,000. Questions 1. Why might Jones’s estimates of the relevant price elasticities not be very reliable? 2. Estimate the effect of the proposed fee increase on the number of degree students and revenues from these students, stating any relevant assumptions. 3. Estimate the effect of the proposed fee increase on the total number of students
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000 with $1,000,000 spent in variable costs being that anticipated expense to 1.5 million dollars. The purchase of new equipment has a fixed expense of $200,000 but the variable costs drop to half that of reconditioning at only $500,000 giving a total cost of $700,000. With outsourcing there is no initial expense so no fixed cost but the variable costs have a dramatic increase at 3 million dollars. This would be two times the cost of reconditioning and 4 times the cost of purchasing new equipment
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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
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