CHAPTER 6 COST BEHAVIOR TYPES OF COST BEHAVIOR PATTERNS 1. Variable Cost 2. Fixed Cost 3. Mixed / Semi-variable Cost Cost Structure – the relative proportion of fixed‚ variable‚ and mixed costs found within an organization or firm. 1. Variable Cost - its total dollar amount varies in direct proportion to changes in the activity level. Example: Number of Trucks Radiator Cost per Total Radiator
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Wars Shell Shock Post-Traumatic Stress Disorder‚ (PTSD)‚ went by a different name. It is more commonly known as “Shellshock.” PTSD is an anxiety disorder characterized by haunting memories‚ nightmares‚ social withdrawal‚ jumpy anxiety‚ and/or insomnia that lingers for four weeks or more after traumatic experience (Myers‚ pp. 604-605). The term “Shellshock” was coined together by the British in 1914. At first shellshock was thought to be caused by soldiers being exposed to exploding shells. But
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Cost Behavior Cost behavior is term for describing whether a cost changes when the level of output changes. The cost can vary proportionately with the changes in the level of activity or unaffected by changes in the level of activity. Costs can be variable‚ fixed‚ or mixed. A cost that does not change in total as output changes is a fixed cost. A variable cost‚ on the other hand‚ increases in total with an increase in output and decreases in total with a decrease in output. Understanding how costs
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meaning beyond only her mothers love of seashells. Shells in general contain hard protective outer case often covering or supporting something. Through numerous incidents that occurs in Shell’s life‚ she remains strong and unbreakable. Other reasons why Shell is just like her name is because she is fragile‚ introverted‚ and although she is strong on the outside‚ she has more of life hiding inside her. After Shell’s parents get divorced and separated‚ Shell remains strong and does not break emotionally
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Adam Oufkir 3/26/12 Nigeria: Shell Oil Crisis In the early 20th century Britain colonized Africa and created false borders through out the continent. The creation of such false countries as Nigeria caused the grouping of people that didn’t get along well. This action by Britain caused severs instabilities in the country of Nigeria. This may have made the country unstable at first but now the problem is caused by Shell. The problem in Nigeria is not caused currently on going not because of imperialism
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Cost Classification Introduction: In this assignment I will be discussing how costs incurred in any organization may be classified in a number of different ways for a number of different purposes. I will also be looking to find companies that use a variety of different costing techniques and methods. I will also be discussing the comparisons between marginal and absorption costing and how the concept of activity based costing can also be compared with these. To complete the assignment I will
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The royal mail industrial dispute Two days of national strike action was taken in October 2009‚ supported by an overwhelming YES vote of three to one launched by Communication Workers Union (CWU). The dispute over pay‚ job securities and working conditions is still continuing although CWU has suspended strike to provide a period of calm for the Union and Royal Mail to negotiate a full and final agreement on the introduction of automation and relevant working practices. The strained relations of
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CHAPTER 3 COST-VOLUME-PROFIT ANALYSIS TRUE/FALSE 1. To perform cost-volume-profit analysis‚ a company must be able to separate costs into fixed and variable components. Answer: True Difficulty: 1 Objective: 1 Terms to Learn: cost-volume-profit (CVP) analysis 2. Cost-volume-profit analysis may be used for multi-product analysis when the proportion of different products remains constant. Answer: True Difficulty: 1 Objective: 1 Terms to Learn: cost-volume-profit
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COST ANALYSIS OBJECTIVES INTRODUCTION MEANING DEFINITIONS TYPES OF COSTS MONETARY COSTS REAL COSTS OPPORTUNITY COSTS ECONOMIC COSTS ACCOUNTING COSTS INCREMENTAL COSTS SUNK COSTS FUTURE COSTS PRIVATE‚ EXTERNAL AND SOCIAL COSTS FIXED / SUPPLEMENTARY / OVERHEAD COSTS VARIABLE / PRIME COSTS REPLACEMENT COSTS PRODUCTION COSTS SELLING COSTS CONTROLLABLE COSTS DIRECT COSTS INDIRECT COSTS SHORT RUN COSTS CURVES LONG RUN COSTS CURVES OBJECTIVES To understand the meaning of cost. To discuss different types
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The Shell Directional Policy Matrix is another refinement upon the Boston Matrix. Along the horizontal axis are prospects for sector profitability‚ and along the vertical axis is a company’s competitive capability. As with the GE Business Screen the location of a Strategic Business Unit (SBU) in any cell of the matrix implies different strategic decisions. However decisions often span options and in practice the zones are an irregular shape and do not tend to be accommodated by box shapes. Instead
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