1. Table 1 Column1 | Column 2 | Column 3 | Column 4 | Column 5 | Column 6 | Column 7 | Column 8 | Column 9 | Column 10 | Column 11 | Output | Price per unit | Total Fixed Cost | Total Variable Cost | Total Cost | Average Fixed Cost | Average Variable Cost | Average Total Cost | Marginal | Marginal Revenue | Total Revenue | Level | | | | | | | | Cost | | | 0 | 165 | 125 | $ - | $165.00 | NA | | $165.00 | | 1 | $165.00 | $125.00 | $113.00 | $238.00 | $125.00
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to 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
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Chapter Nine: Competitive Markets 9.1 Market Structure and Firm Behaviour Market structure: all features of a market that affect the behaviour and performance of firms in that market‚ such as the number and size of sellers‚ the extent of knowledge about one another’s actions‚ the degree of freedom of entry‚ and the degree of product differentiation. Competitive Market Structure Market power: the ability of a firm to influence the price of a product or the terms under which it is sold. The
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Summer2011-Microeconomics-Exam Two Practice 1. To calculate the total utility of consuming N products: A. add the additional satisfaction of consuming each product up to N and multiply by its price. B. add the total satisfactions of consuming each product up to N. C. multiply the additional satisfaction from consuming the Nth product by its price. D. multiply total satisfaction from consuming N products by N. 2. Suppose that the following table lists the utility that Steve receives from
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utilizing both variable (contribution margin) and traditional (absorption margin) methods. I will also show E-company’s computed contribution margin ratio‚ gross profit ratio and operating (net) income ratios‚ as well as explain the difference and reconcile operating income for the two methods. Additionally‚ I will discuss which method I would recommend to the CFO and why. INCOME STATEMENTS: Variable Costing Contribution Statement Sales: $10‚005‚000 Variable expenses:
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Managerial Accounting (MA) บัญชีบริหาร เป็นการจัดทำและนำเสนอข้อมูลและสารสนเทศทางการเงินที่เป็นอยู่ใ นปัจจุบันแก่ผู้บริหารและพนักงานภายในองค์กร ความสำคัญของบัญชีบริหาร MA เป็นเครื่องมือหนึ่งที่สำคัญในการบริหาร เนื่องจากเป็นสิ่งที่มีบทบาทในการสนับสนุนหน้าที่หลักของการบริ หารทั้ง 4 ที่มีวัตถุประสงค์เพื่อบรรลุเป้าหมายขององค์กร โดยช่วยปรับลักษณะเชิงพรรณนาของกลยุทธ์ให้อยู่ในรูปเชิงปริมาณท ี่สามารถปฏิบัติงานได้จริง หน้าที่หลักของการบริหารองค์กร กระบวนการของ MA บทบาทของ MA ที่ช่วยสนับสนุนหน้าที่
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Case Study Report on Whiz Calculator Company Introduction Whiz Calculator Company is currently considering the new method of planning and controlling selling cost. The old method was unsatisfactory in the new president ’s point of view. The old way of planning and controlling the selling expenses was as follows: 1. Selling expenses were budgeted on a "fixed" or "appropriation" basis. Each October‚ the accounting department sent to the branch managers and to other managers who were in charge of
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information in respect of semi-variable costs of a firm‚ segregate the cost into fixed and variable elements: Months2009 | Production (Units) | Semi Variable Cost (Rs.) | January | 200 | 2‚000 | February | 150 | 1‚750 | March | 250 | 2‚250 | April | 300 | 2‚500 | May | 400 | 3‚000 | June | 500 | 3‚500 | The Comparison Method Under this method‚ the quantum of output at two different levels of activity is compared with corresponding amount of semi-variable costs. As fixed cost remains
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machine hours (c) Units of output and (d) Number of production runs In some cases‚ there are mixed costs. That is‚ such costs have both fixed and variable elements that would need to be segregated. METHOD OF SEGREGATING MIXED COSTS INTO FIXED COST AND VARIABLE COSTS Mixed costs can be separated into their fixed and variable elements‚ using a number of methods which include: (i) The accounts classification method (ii) The high-low method (iii) The scatter graph (iv)
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CHAPTER 9 PROFIT PLANNING AND BUDGETING Questions‚ Exercises‚ Problems‚ and Cases: Answers and Solutions 9.1 See text or glossary at the end of the book. 9.2 A cost center is a responsibility center in which management is responsible only for costs. In a profit center‚ management is responsible for both costs and revenues. 9.3 An investment center is a responsibility center in which management is responsible for managing costs‚ revenues‚ and assets. A profit center is not responsible
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