was to ask for cost estimation of public service. Why do you think he asked for cost estimation instead of privatizing the public service right away? Was it a sensible action? 2. Existing DOT employees were allowed to bid against private businesses. Was it a sensible decision? For example‚ they could have been just fired. 3. How well did the project team implement ABC for estimating the cost of pothole filling? Do you agree with the manner in which they treated equipment cost and excess capacity
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When companies accumulate costs‚ they generally use either a job order or a process costing system. The type of system used often varies based on the type of product or service provided. Examine your experiences with a current or former employer and a product or service provided by this employer. My former employer provided chiropractic care. Chiropractic is a health care profession that focuses on disorders of the musculoskeletal system and the nervous system‚ and the effects of these disorders
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complexity that drive overhead costs for Forest Hill? FHPC produces 20 different grades of paperboard requiring several changes in quantities and production run. Grade changes induce instabilities into the manufacturing process that result in scrap until the process resumes stability. On average‚ production engineers estimate that approximately one-half reel is lost to scrap each time a grade change is made. Between production runs of two different products machine setup costs are incurred. How to accurately
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the unfair headquarters’ overhead cost allocation method of Korea insurance company. There are concerns towards the system by a manager. And that lead to reduce on net income of branches. Jin Kim is trying to develop more efficient systems. The reading text is about the headquarters’ cost allocation method of Korea insurance Co. Inc. Jin Kim‚ manager of the company‚ accused that the costing systems is inefficient as it leads to decrease in incremental cost inappropriately and discourages employees
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Chapter 05 Production and Cost Essay Questions 1. Always Round Tire has a production function of Q = 300 L.75 K.5. In the short run‚ if L = 250 and K = 25‚ what happens to the output of tires if L jumps to 300 and then 350. What law does this illustrate? When L=250 and K=25 then Q=94307. When L increases to 300‚ Q increases to 108‚127. When L increases to 350‚ Q increases to 121‚379. This shows the effects of diminishing marginal returns to labor as a factor of production.
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schedule and price. As result‚ the project schedule and cost are defined to achieve the objective. Project schedule and cost are known to work in equilibrium. Where one of these dimensions is restricted or extended‚ the other dimension will then also need to be either extended/increased or restricted/reduced in some way. Given that quality must not be compromised‚ this paper aims to describe how to get the optimum balance of project schedule and cost on an onshore gas processing plant project located
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How good is the product? The product in theory has great potential able to save costs in two major industries‚ ceramics in paints. Looking at both individually: 1) Paints: Potentially 12 – 18 cents of savings to original estimations‚ however research with client has shown great difficulty. Was not working well due to suspension problems‚ was unable to have the right shine for use in white paints. Furthermore‚ once quality of end product was acceptable‚ savings was found to be 3cents per a gallon
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Section B Attempt Any Six Questions (6*5= 30) 1. Company A’s costs are mostly variable‚ whereas Company B’s costs are mostly fixed. When sales increase‚ which company will tend to realize the greatest increase in profits? Explain. 2. Crystal Telecom has budgeted the sales of its innovative mobile phone over the next four months as follows: Sales in Units July. . . . . . . . . . . . . . 30‚000 August . . . . . . . . . . . 45‚000 September . . . . . . . . 60‚000 October . . . .
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Assignment 2: Costs and Profit (20 points) In Section 2‚ you learned about costs and profit. Now‚ you’ll apply what you learned. 1. Choose a real or made up example of a company‚ and describe at least three variable costs the company has. (1-3 sentences. 1.5 points) soaring angels attire company’s first variable cost is shirts they customize shirts to whatever you want them to be but how many shirts you want tells them how much material they need. Same thing with the shoes they also customize
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Jump to Navigation Frame Your location: Assessments › View All Submissions › View Attempt View Attempt 1 of 2 Title: | Exam 2 (Chapters 10-18) | Started: | July 7‚ 2011 12:16 AM | Submitted: | July 7‚ 2011 2:11 AM | Time spent: | 01:54:47 | Total score: | 94/200 = 47% Total score adjusted by 0.0 Maximum possible score: 200 | 1. | Chapter 10 #265 | | Use this information for questions that refer to the World Tennis Ball (WTB) Company case. World Tennis Ball Co. (WTB) makes
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