Types of Variables Binary variable Obsevations (i.e.‚ dependent variables) that occur in one of two possible states‚ often labelled zero and one. E.g.‚ “improved/not improved” and “completed task/failed to complete task.” Categorical Variable Usually an independent or predictor variable that contains values indicating membership in one of several possible categories. E.g.‚ gender (male or female)‚ marital status (married‚ single‚ divorced‚ widowed). The categories are often assigned numerical
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Wriston Manufacturing We identified seven factors contributing to the variance in overhead costs from plant to plant. However‚ in order to best understand how these factors contribute to inter-plant variance‚ it is helpful to first take note of the individual components of total overhead. As noted in the case‚ fixed overhead includes depreciation‚ utilities‚ salaries‚ and fringe benefit costs of employees‚ whereas variable costs consist of first-line supervisors’ wages‚ costs of set-up labor‚ scrap
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Determination 5 Scatter Diagrams 5 Residual Analysis 5 Conclusion 6 Multiple Regression Analysis – Two Variables 6 f-Test 6 t-Test 6 Coefficients of Multiple Determination 7 Residual Analysis for the Multiple Regression Model 7 Conclusion 8 Multiple Regression Analysis – Three Variables 9 f-Test 9 t-Test 9 Coefficients of Multiple Determination 9 Residual Analysis for the Multiple Regression
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3 Cost-Volume-Profit Analysis Learning Objectives 1. Explain the features of cost-volumeprofit (CVP) analysis 2. Determine the breakeven point and output level needed to achieve a target operating income 3. Understand how income taxes affect CVP analysis 4. Explain how managers use CVP analysis in decision making 5. Explain how sensitivity analysis helps managers cope with uncertainty 6. Use CVP analysis to plan variable and fixed costs 7. Apply CVP analysis to a company producing multiple
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Strategic Cost Management ACCT90009 Seminar 1 Seminar 1 Subject Administration Introduction to SCM oduc o o SC Administration • Subject Coordinator Dr. David Huelsbeck Email: david.huelsbeck@unimelb.edu.au Room: 08.028‚ The Spot Phone: +61 3 9035 6256 Consultation Hours: Monday 4:15pm – 6:15pm • Seminars: Tuesday: 2.15 pm – 5.15 pm‚ FBE ‐ Theatre 211 (Theatre 2) Thursday: 6.15 pm – 9.15 pm‚ Alan Gilbert ‐ Theatre 2 Teaching Format and Resources • Seminar Format 3 hour seminar
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1. In the excel worksheet‚ we combined the 12% non-callable bond maturing in May 05 and the zero coupon STRIPS with the same maturity to get a synthetic bond with semiannual interest payments of $4.125 per $100 par value. The ask and bid prices of the synthetic bond are calculated to be $98.78 and $98.53. Alternatively‚ we combined the non-callable bond maturing in 2000 and the STRIPS 00 to get a synthetic bond to match the callable bond if it was called at the first possible date. The ask and
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Shifting Gear: Chrysler Gains Edge by Giving New Flexibility to Its Factories (WSJ‚ 04/11/2006) presented the benefits and case for flexible manufacturing. Comment on the advantages and disadvantage of flexible manufacturing? Comment on the scope economies presented in the news article? What does the existence of such economies imply about the production of autos in growing fragmented market? “ In the news article‚ “Chrysler Gains Edge by Giving New Flexibility to Its Factories”‚ more emphasis
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number crunching is an end unto itself. However‚ basic financial analysis will always be an important part of our toolkit for making pricing decisions. The document which follows contains the “answers” to these two case study assignments: Ace Manufacturing and Healthy Spring Water. Despite the financial emphasis‚ they are similar to the previous cases insofar as they’re intentionally open-ended and somewhat vague to encourage you to draw out all of the contingencies and factors that need to be considered
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Global Variables This writing assignment will focus on global variables. A global variable is a variable every module in a program can see‚ meaning that the entire program is its scope (Gaddis‚ 2010). There are both advantages and disadvantages to using global variables and it is my intention to explore some of them here‚ starting with the disadvantages. There seems to be a lot to be said about the disadvantages of using global variables. First and foremost the scope itself can be a disadvantage
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CHAPTER 6 PRODUCTION EXERCISES 4. A political campaign manager must decide whether to emphasize television advertisements or letters to potential voters in a reelection campaign. Describe the production function for campaign votes. How might information about this function (such as the shape of the isoquants) help the campaign manager to plan strategy? The output of concern to the campaign manager is the number of votes. The production function has two inputs‚ television advertising and
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