indirect costs to the chosen cost object. Cost-allocation base––a factor that links in a systematic way an indirect cost or group of indirect costs to cost objects. 4-2 In a job-costing system‚ costs are assigned to a distinct unit‚ batch‚ or lot of a product or service. In a process-costing system‚ the cost of a product or service is obtained by using broad averages to assign costs to masses of identical or similar units. 4-3 An advertising campaign for Pepsi is likely to be very specific
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OT exam answers for Part B. Ques 2: In what ways might the ownership structure of a corporation impact on organizational decision-making? A corporation is a body that is granted a character recognising it as a separate legal entity‚ having its own rights‚ privileges and liabilities distinct separate from its members. There are mainly 2 different categories of ownership structure. A corporate can either be privately or publically owned. A private organisation is privately owned by a small
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chapter Six businesses and Their Costs ANSWERS TO END-OF-CHAPTER QUESTIONS 6-1 Distinguish clearly between a plant‚ a firm‚ and an industry. Contrast a vertically integrated firm‚ a horizontally integrated firm‚ and a conglomerate. Cite an example of a horizontally integrated firm from which you have recently made a purchase. A plant is an operating unit where production takes place. This production can be manufacturing‚ farming‚ mining‚ retailing‚ wholesaling‚ warehousing—anything
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silicon products‚ data analysis by using the App devices‚ and their employees use iphone to check email‚ exchange information‚ presenting ideas too; Sunbelt Rentals start to use a single data package system for sales team with a smart equipment of Mobile SalesPro. It’s appeared with a clear and complete system reports listed integrates data from different basic functions which takes a shortcut for sales managers to make any decisions in time; SAP’s business develops a one time applications for users to
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1 Managerial Economics 2010 Answers to All Tutorial Questions Topic 1 : What is managerial economics Questions from Chapter 1 of the Text (McTaggart‚ Findlay & Parkin) Review Question 1 (pp. 4) List some examples of scarcity in Australia today. An example of scarcity at the economy-wide level would be people with lower incomes being forced to choose between food and petrol due to high prices for both. An example of scarcity at an individual level would be a person unable to afford both
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Answer to Moult Hall [calculations] Winston’s proposal: This is a long term project so full costing is used: £ Revenue (1‚900 x 15 x 50) 1‚425‚000 Costs: Depreciation [15 year life assets] (5‚100) Depreciation [5 year assets] (8‚400) Safety wear (4‚000) Track Maintenance (5‚000) Salaries [2 x 15‚000] (30‚000) Decoration [18‚000 + 8‚000] (26‚000) Food and drink [41‚250 + 48‚750] (90‚000) Fuel [11‚250 + 10‚000] (21‚250) Wages [22‚000 + 8‚000
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KEY PROBLEM 1 Suppose a candy company roaster producing generic suckers (measured by Q) has the following cost function: C(q) = 1 3 1 2 q − q + 3q + 180 1500 15 A i) Using the cost function‚ set-up functions to demonstrate the following costs: a) Fixed costs b) Variable costs c) Average fixed costs d) Average variable costs e) Average total costs e) Marginal cost of production Fixed Costs = FC(q) = 180 Variable Costs - VC(q) = 1 3 1 2 q − q + 3q 1500 15 AFC(q)
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[pic] BUQU 1230 Assignment #1 Solve the following 3 problems: 1- Consider the data set for the sample of 10 minisystems that is posted on the course web site. Open the Excel “Minisystems” file and answer the following questions: a. What are the elements in this study? How many elements are in the data set? Brand & Model b. How many variables are in the data set? 5 Variables (Price‚ Sound Quality‚ CD Capacity‚ FM Tuning‚ and Tape Decks) c. Which of
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Chapter 7 Competition and Policies towards Monopolies and Oligopolies‚ Privatization and Deregulation Suggested Answers to the Review Questions I. Questions 1. Pure monopoly refers to the case where: a) there is a single firm selling the commodity‚ b) there are no close substitutes for the commodity‚ and c) entry into the industry is very difficult or impossible. If we further assume that the monopolist has perfect knowledge of present and future prices and costs‚ we have perfect monopoly
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4. Saline solution is used to reverse hypotonic hydration. Are body cell membranes permeable to saline? Explain your response. 5. Explain the renin-angiotensin mechanism. 6. Explain how ADH compensates for blood that contains too many solutes. Answers 1. Three types of homeostasis are involved: fluid balance‚ electrolyte balance‚ and acid-base balance. Fluid balance means that the total quantity of body water remains almost constant and that the distribution between the ICF and ECF are normal
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