Definition and explanation of mixed or semi variable cost: A mixed cost is one that contains both variable and fixed cost elements. Mixed cost is also known as semi variable cost. Examples of mixed costs include electricity and telephone bills. A portion of these expenses are usually consists line rent. Line rent normally is fixed for each month. Variable portion consists units consumed or calls made. The relationship between mixed cost and level of activity can be expressed by the following equation
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What is meant by the term scientific benefit? Scientific benefits are the benefits in terms of knowledge and understanding gained from scientific research which provides explanations of and explanations for complex phenomenon and behaviour. This can be applied to real life in the form of treatments or such‚ for example Robertson and Robertson’s study provided scientific benefit in that it was discovered how important a child’s attachment to their Mother is. Using psychological knowledge and research
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CHAPTER 3 ACTIVITY COST BEHAVIOR LEARNING OBJECTIVES AFTER STUDYING THIS CHAPTER‚ YOU SHOULD BE ABLE TO: 1. Define and describe fixed‚ variable‚ and mixed costs. 2. Explain the use of the resources and activities and their relationship to cost behavior. 3. Separate mixed costs into their fixed and variable components using the high-low method‚ the scatterplot method‚ and the method of least squares. 4. Evaluate the reliability of the cost formula. 5. Explain how multiple regression
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Valuation Criteria for Cost Benefit Analysis 1. Principles of Cost Benefit Analysis Cost benefit analysis(CBA) is a process which is used to understand the monetary social costs as well as advantages of a capital investment project over a given time period. The principles of cost benefit analysis are based on three principles. The first is the appraisal of any specific project: This is an economic technique which is used by organizations as well as projects being handled by the government
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Promotion Coca cola follows a 5 lesson guide in marketing their products‚ these steps are: 1. Create Liquid content by creating liquid content is to ‘create’ ideas so ingenious that it attracts people and how it does will just flow as like a liquid‚ thus named ‘liquid content’. eg: this content must be able to beg people to want to share it with others‚ making viral on the internet such as on social media platforms‚ etc. it can be anything from an image to a video even an article of the
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Cost/Benefit Analysis After researching several different ASRS vendors such as Some benefits to adopting a new ASRS technology system by Remstar includes a wide range of ASRS models to choose from‚ maximizing of storage space (approximately 75% storage space will be saved due to the design of the Carousel system design and various models such as the Vertical model which uses space all the way up to the ceiling instead of requiring a large area like many other ASRS systems and has more than 7000
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for an order for 2‚500 units of GX1. The company only makes GX1 to order and currently has no other orders in process. The production requirements for GX1 are as follows: Materials: Three types of material are used in production: Amount Cost Resale Current used per unit price value price to buy Material A 12kg £2.50 £1.00 £2.75 Material B 4kg £7.00 £5.50 £8.50 Material C 6kg - £6.50 - Material A is used extensively throughout the company’s range of products
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Cost Benefit Principle The cost benefit principle basically states that when taking an action it should only be done if the extra benefits are at least as great as the extra costs. All effects of this action must be taken into consideration in order to properly analyze this principle in everyday life. A good example where this analysis is very interesting‚ and has many pros and cons‚ is cigarettes. The overall economic costs of smoking cigarettes have become very widespread in society for
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5 Things You Should Know About Getting Replacement Windows Windows are a critical component of the structure of your home. When you need replacement windows‚ you may not take the time to consider what windows are right for your home. However‚ your replacement windows should work hard for you. The following are five things you should consider when getting replacement windows. Consider How Much Energy You Can Conserve More and more‚ window manufacturers are creating windows that can help you decrease
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for normal repairs to maintain the usefulness of the asset over a number of years. 2) are for items that have a physical life of more than a year‚ regardless of their cost. 3) are material and that have an economic benefit to the entity only in the current year. 4) are material and that have an economic benefit to the entity that extends beyond the current year. Question 11 0 / 1 point Cassady‚ Inc. borrowed $5‚000 for 3 months at an APR of 10%. The amount of interest paid on
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