5 / ¼.5= .67%/ 22%= 3.05 Ch 22 #7 1. Key Question A firm has fixed costs of $60 and variable costs as indicated in the table on the following page. Complete the table and check your calculations by referring to question 4 at the end of Chapter 23. 1. Graph total fixed cost‚ total variable cost‚ and total cost. Explain how the law of diminishing returns influences the shapes of the variable-cost and total-cost curves Graph AFC‚ AVC‚ ATC‚ and MC. Explain the derivation and shape of each
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Meeting 1 MRF’s File COST ACCOUNTING “An Introduction to Cost Terms and Purposes” Assistant Lecturer: M. Ryan Firmansyah Problem 1 (Quiz 1 September 8‚ 2009) Consider the following costs that were incurred during the current year. Evaluate whether the cost is: 1. A product cost or a period cost 2. Variable or fixed in terms of behavior 3. For the product cost‚ whether it is classified as direct material‚ direct labor‚ or manufacturing overhead No. 1 Descriptions Product Cost Period Variable Fixed
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Cost Classifications for Decision-Making. Every decision involves choosing from among at least two alternatives. Only those costs and benefits that differ between alternatives are relevant in making the selection. This concept is explored in greater detail in the chapter on relevant costs. However‚ decision-making contexts crop up from time to time in the text before that chapter‚ so it is a good idea to familiarize students with relevant cost concepts. 1. Differential Costs. A differential cost
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fields. (The Norwegian currency is the krone‚ which is denoted by Nkr.) The company uses a sob-order costing system arid applies manufacturing overhead cost to jobs on the basis of direct labor-hours. At the beginning of the year‚ the following estimates were made for the purpose of computing the predetermined overhead rate: manufacturing overhead cost‚ Nkr360‚000; and direct labor-hours‚ 900. The following transactions took place during the year (all purchases and services were acquired on account):
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Describe the schedule of cost goods manufactured. How does it tie into the income statement? 5. Why are product costs sometimes called inventoriable costs? Describe the flow of such costs in a manufacturing company from the point of incurrence until they finally become expenses on the income statement. 6. Is it possible for costs such as salaries or depreciation to end up assets on the balance sheet? Explain. 7. “The variable cost per unit varies with output‚ whereas the fixed cost per unit is constant
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Lab Report: How Do Different pH Levels Affect The Growth of Plants Introduction: Plant growth is affected by various environmental factors‚ and pH is one of those. The pH of soil and the water that plants receive can have an impact on whether they obtain nutrients or not. Ph impacts the chemical reactions that take place within a plant‚ if the pH of the soil or water that the plant receives is too low (acidic)‚the nutrients that the plant requires may become extremely soluble to the point where
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ASSIGNMENT ON COST CONTROL AND COST FREDUCTION SUBMITTED BY‚ MOHAMMED NAFAISE E.K ROLL NO: 1600 COST CONTROLL & COST REDUCTION COST CONTROL The practice of managing and/or reducing business expenses. Cost controls starts by the businesses identifying what their costs are and evaluate whether those costs are reasonable and affordable .Then if necessary
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Cost accounting 4-37 General ledger relationships‚ under- and overallocation. The solution assumes all materials used are direct materials. A summary of the T-accounts for Needham Company before adjusting for under- or overallocation of overhead follows: Direct Materials Control Work-in-Process Control 1-1-2008 30‚000 Purchases 400‚000 Material used for manufacturing 380‚000 1-1-2008 20‚000 Direct materials 380‚000 Transferred to finished goods 940‚000 12-31-2008 50‚000 Direct manuf.
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Sitti N. Mamogkat Date Performed: November 28‚ 2012 Group 3 Date Submitted: December 5‚ 2012 Exercise 3 Maturity of fruits and vegetables and its effect on the finished product INTRODUCTION For the quality of fruits and vegetables‚ it is important to take into account the maturity and ripeness of the fruits and vegetables at harvest as it determines the postharvest-life and their final quality‚ such as appearance‚ texture‚ flavor‚ nutritive value‚ etc.
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Millions of children are affected by prejudice and discrimination each day. In the short stories‚ “I Ain’t Sitting Beside Her” by Shyrose Jaffer and “The Paper Menagerie” by Ken Liu‚ both protagonists are affected by prejudice and discrimination. Each protagonist was discriminated against for their hobbies and looks or their culture. The narrator in “I Ain’t Sitting Beside Her” and Jack from “The Paper Menagerie” express their beliefs without having to shame them. In this regard‚ prejudice and discrimination
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