VARIABLE COSTINGMorenike Onibon Liberty University Abstract Determining the actual valuation of manufactured assets has always been a major problem in the accounting field. The real controversy exist in the decision regarding which costs are relevant to future periods‚ and thus should be included in assets valuation‚ and which should not be charged against net income. An understanding of the relationship between costs‚ volume‚ and profit‚ enables management to set more realistic objectives for
Premium Variable cost Management accounting
figure in a woman’s childhood years can have a huge effect on what kind of woman she will become. It’s a proven fact that 67% of women who grow up without having a mother figure in their daily life‚ tend to mature into strong‚ self sufficient‚ and independent women (Sparks 321). In other words‚ women who grow up in stable households‚ complete with both mother and father figures‚ mature into being more so often then not‚ dependant women. These "dependant" women aren’t constantly relying upon others
Premium Margaret Atwood
Independent India India acquired independence on 15 August 1947 though sections of the country were carved out and stitched together to create another new country‚ Pakistan. The “institutional” road to independence was perhaps laid down by the Government of India Act of 1935‚ where the gradual emergence of India as a self-governing entity had first been partly envisioned. Following India’s independence in 1947‚ the Constituent Assembly deliberated over the precise constitutional future of India
Premium Indian National Congress India Indira Gandhi
What are Segmentation Variables? To understand what segmentation variables in marketing are‚ it helps to first know what market segmentation is. Market segmentation is the analysis of population demographics so they can be categorized in specific ways. These specific ways of categorization in market segmentation are why segmentation variables are needed and used. Four (4) groups of Segmentation Variables – 1. Geographic segmentation is based on variables such as: • Region: this kind of
Premium Psychographic Hotel Marketing
Dora McKinney Hsm/260 Week 4 Instructor: Greg O’Donnell Fixed Costs‚ Variable Costs‚ and Break-Even Point Exercise 10.1 Month Meals Served Total Costs July 3‚500 $20‚500 Low August 4‚000 22‚600 September 4‚200 23‚350 October 4‚600 24‚500 November 4‚700 25‚000 December 4‚900 26‚000 High In dealing
Premium Variable cost Costs Fixed cost
black paint used to paint the dots on a pair of dice? A. Choice A B. Choice B C. Choice C D. Choice D 7. The cost of fire insurance for a manufacturing plant is generally considered to be a: A. product cost. B. period cost. C. variable cost. D. all of these. 8. Transportation costs incurred by a manufacturing company to ship its product to its customers would be classified as which of the following? A. Product cost B. Manufacturing overhead C. Period cost D. Administrative
Premium Variable cost Fixed cost Costs
for (a*X^2) + (b*x) + c: >> syms a b c x % define symbolic math variables >> f = sym(’a*x^2 + b*x + c’); From now on we can use the f symbol to represent the given function. Evaluation of Symbolic Expressions The keyfunction subs (which stands for substitute) is used to replace symbolic variables with either new symbolic variables or with acutal values.
Premium Mathematics Derivative Calculus
Plant No. 2 1. Using budget data‚ how many Apple iPhone 4’s would have to have been completed for Danshui Plant No. 2 to break even? 2. Using budget data‚ what was the total expected cost per unit if all manufacturing and shipping overhead (both variable and fixed) were allocated to planned production? What was the actual cost per unit of production and shipping. 3. Prepare a flexible budget for 180‚000 iPhone 4’s and calculate flexible budget variances using actual costs for August. 4. Estimate
Premium Variable cost Costs Fixed cost
Cost management | Wilkerson Company Case | | 1. What is the competitive situation faced by Wilkerson? The competitive situation faced by Wilkerson is quite severe. Price cutting in its main product has led to a huge drop in profit. While price increase in another product line partially made up the loss. We will discuss the detailed situation line by line. (1) Valves It was the first product line developed by Wilkerson and its high quality brought it a loyal customer base. Even
Premium Variable cost Costs Cost accounting
IE401-Econ401 MidTerm Managerial Economics NAME: Each of the 20 multiple choice questions is worth 3 points. Mark your answers on the ANSWER KEY on page 5. Also provide BRIEF answers to each of the 4 “essay type/logical” questions. Multiple-Choice Questions 1. A manufacturer produces 1‚000 basketballs each day‚ which it sells to customers for $30 each. All costs associated with production and sales total $10‚000; however‚ if the manufacturer were to produce one
Premium Economics Macroeconomics Supply and demand