for an order for 2‚500 units of GX1. The company only makes GX1 to order and currently has no other orders in process. The production requirements for GX1 are as follows: Materials: Three types of material are used in production: Amount Cost Resale Current used per unit price value price to buy Material A 12kg £2.50 £1.00 £2.75 Material B 4kg £7.00 £5.50 £8.50 Material C 6kg - £6.50 - Material A is used extensively throughout the company’s range of products
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holding a long stick in his right hand. This man was taught to be the master of a gymnasium. Hermaic’s Gym is a kind of business that will serve as an entertainment to others met their personal fitness needs‚ offers great service and satisfaction to the customers. As entrepreneurs within the health and fitness industry‚ we assist clients so they may feel great about themselves everyday. With Hermaic’s Gym‚ we provide our clients a comfortable venue where they can workout‚ shape up and build self esteem
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Definition and explanation of mixed or semi variable cost: A mixed cost is one that contains both variable and fixed cost elements. Mixed cost is also known as semi variable cost. Examples of mixed costs include electricity and telephone bills. A portion of these expenses are usually consists line rent. Line rent normally is fixed for each month. Variable portion consists units consumed or calls made. The relationship between mixed cost and level of activity can be expressed by the following equation
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proposed relations between these factors Before discussing the main dependent and independent factors of critical realism theory‚ we need to know what the terms ‘dependent factors’ and ‘independent factors’ mean. The independent factor is typically the variable representing the value being manipulated or changed and the dependent factor is the observed result of the independent factors being manipulated. The main dependent and independent factors that are being studied in critical realism theory are as
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have a sound knowledge of cost behaviour ie fixed costs‚ variable costs‚ semi-variable costs and sunk costs. Answer: Understanding cost behaviour helps manager in anticipation of changes in cost when there is a change in their activities like production‚ sales‚ inventory pile up etc. It provides good assistance in planning‚ cost management and decision making. A number of behaviour patterns exist ranging from fixed to variable and from linear to curvilinear. Many cost predictions techniques are
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Dean Witherspoon‚ president of Health Enhancement Systems‚ which creates health programs for corporations and other organizations. A research recently published in the Journal of the American Geriatric Society found that jumping from no. 6 in 2010‚ fitness programs for older adults was no. 2 in the 2011 survey and now remains strong at no. 3. As the baby boom generation ages into retirement‚ and because they may have more discretionary money than their younger counterparts both in Western Europe and
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account of employees‚ step one need to be‚ towards better health and fitness. It is extremely imperative that you review your weight two occasions each day inside your fitness programs. You might be wondering that’s there any correct way to evaluate weight? Well yes‚ you can examine undesirable weight with the help of Fitness scales! Honestly‚ it truly is the easiest way to generate fit and healthy condition with the help of Fitness scale. It genuinely saves your time and energy as you don’t need to
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Name: Class: Cost Accounting Date: 02.12.2012 Quiz 5 1) Absorption costing: A) expenses marketing costs as cost of goods sold B) treats direct manufacturing costs as a period cost C) includes fixed manufacturing overhead as an inventoriable cost D) is required for internal reports to managers 2) Variable costing: A) expenses administrative costs as cost of goods sold B) treats direct manufacturing costs as a product cost C) includes fixed manufacturing overhead as an inventoriable
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use of a single burden rate. Burden costs of the testing rooms as well as other costs such as admin were grouped into a single cost pool and then divided by the total labor dollars. This resulted to a single burden rate of 145% of direct labor dollars (cost driver). This method is not appropriate for Seligram because the information on the case present that direct labor hours and machine hours vary by product line and activity. In addition‚ the burden cost of the main and test room also significantly
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ADM 3301 Sample Mid-term Exam Duration: 2.5 hours Student name:_______________________ Student No.__________________ INSTRUCTIONS: 1- Write down the exam copy number (that exists at the top right corner of this page) on the identification white card next to your name. 2- Verify that your exam has 9 pages (including this title page). 3- Answer all questions on your examination copy. Use the opposite (blank) side‚ if necessary. Answers or calculations written on the sheet
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