Steve receives from consuming oranges at 50 cents apiece. What is the marginal utility of increasing consumption from 2 to 3 oranges? [pic] A. 3 B. 6 C. 5 D. 12 3. Suppose that if you buy one Big Mac that gives you marginal utility of 500 and a second Big Mac that gives you marginal utility of 200‚ total utility of buying (and eating) two Big Macs is: A. 200. B. 300. C. 500. D. 700. 4. When marginal utility is zero‚ total utility is: A. increasing. B. decreasing. C. zero
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Sports Fun Day Activity Stations 1. Basketball Pass Children work in pairs or threes and see how many passes they can complete in the given time. Children use soft balls as easier to catch. There are a couple of basketballs if older children want to use them. SCORE: Select one pair/three to count the number of passes. 2. Throwing – ‘Sitting overhead soccer throw’ (size 4 football) ropes ropes ropes >>>>> >>>>>
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Provide real-world examples of activities where each dependency type is used: finish-to-start‚ start-to-start‚ finish-to-finish‚ and start-to-finish. Finish-to-Start: the most common causal relationship hence no explanation is necessary for its usage. Start-to-Finish: Rarely used but is useful when developing a schedule backwards from a fixed end date. Start-to-Start: this represents a true relationship between two activities and has nothing to do with their predecessors. If I happen to have
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each purpose discuss whether information about current or future product costs is required. What implication does your answer have for developing a product costing system? L-S‚ T & H‚ page 131. Purpose Current / Future Product Costs Short-term decisions: product mix‚ pricing Future Longer-term strategic decisions Future Long-term pricing Future Plan future product-related costs Future Control of product costs Current Reimbursement contracts Current External reporting (inventory
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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 this loan was: 1) $240 2) $120 3) $125 4) $500 Question 16 0 / 1 point As the total volume of activity changes: 1)
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Lesson-13 Elements of Cost and Cost Sheet Learning Objectives • • • To understand the elements of cost To classify overheads on different bases To prepare a cost sheet Elements of Cost Raw materials are converted into finished products by a manufacturing concern with the help of labor‚ plants etc. The elements that constitute the cost of manufacturing are known as elements of cost. The elements of cost include the following: • • • Material Labor Expenses Each of these elements is again subdivided
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RUSSIAN AIR CRASH INVESTIGATION It was a day of mourning on July 10 in Russia. The country mourned for the victims of the Airbus A310 crash in Irkutsk. It is now impossible to say exactly what caused the catastrophe. However‚ what happened points to the obvious conlusion that it was 75-80% people’s fault rather than an equipment failure. It was people who did not provide the necessary conditions for landing. This‚ however‚ does not mean that the tragedy in Irkutsk is due only to Russian disorder:
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is considering a shift to activity-based costing and the creation of individual cost pools that will use direct labor hours (DLH)‚ material handling (MH)‚ and number of shipments (NS) as cost drivers. Data on the cost pools and respective driver volumes follow. Product Alpha Gamma Pool Cost Pool No. 1 (Driver: DLH) 200 1800 $420‚000 Pool No. 2 (Driver: MH) 15 10 $375‚000 Pool No. 3 (Driver: NS) 2‚000 18‚000 $20‚000 1. The overhead cost allocated to Alpha by using
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Topic-Problem-Purpose-Questions HOME TASK 1. Decide group member 2. Decide topic (write Background of Study and Problem Statement) 3. Find two (2) journal papers 1. In class activity (Topic-Problem-PurposeQuestions) to be submitted on Friday before 5pm 2. Find two (2) journal papers For example‚ Topic Youth suicidality Purpose of the activity: Problem The rising of youth suicidality in Malaysia for the past 5 years To understand why the topic is important to be studied Dr Adnan‚ the Malaysian
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CHAPTER 14: PROCESS COSTING AND THE COST ACCOUNTING CYCLE Multiple Choice c 1. ABC Company made the following journal entry. Work in Process Inventory $200‚000 Direct Labor $188‚000 Direct Labor Rate Variance 12‚000 From this entry we can tell that ABC uses a. job-order costing. b. process costing. c. standard costing. d. normal costing. d 2. CDE Company
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