Marginal Costing is ascertainment of the marginal cost which varies directly with the volume of production by differentiating between fixed costs and variable costs andfinally ascertaining its effect on profit. The basic assumptions made by marginal costing are following: - Total variable cost is directly proportion to the level of activity. However‚ variable cost per unit remains constant at all the levels of activities. - Per unit selling price remains constant at all levels of activities. -
Premium Marginal cost Costs Cost
Case Paper # 5: 1. What critical factors will affect Robert’s success as a leader? Do you believe these factors would be the same if success were defined as group satisfaction rather than group productivity? A crucial critical factor that will affect Robert’s success as a leader‚ is if the people Robert serves as a leader for respects him and obeys his wishes for the greater good of the company. This critical factor is crucial for the reason that if the people that fall under Robert under the chain
Premium Leadership Management Kurt Lewin
Costing a Garment Costing is the deciding factor for fixing of prices and the important thing to follow in all stages like purchase‚ production‚ marketing‚ sales‚ etc. Also updated knowledge about everything related to garments‚ is essential to make perfect costing. Costing includes all the activities like purchase of fabrics and accessories‚ processing and finishing of fabrics‚ sewing and packing of garments‚ transport and conveyance‚ shipping‚ over heads‚ banking charges and commissions‚ etc. We
Premium Costs Clothing
Contract costing is a type of a specific order costing: Contractor costing is generally used for the works of constructional nature such as civil engineering works etc.‚ Each contract is considered as a separate unit of cost and a separate account is kept for each individual contract. The special features of contract costing are as detailed below: Materials: The materials purchased directly or issued from the stores or transferred from other contracts are recorded on the debit side of the
Premium Depreciation Contract Contract law
BUS 503 Homework Fang Geng P5-47 The information supplied by the ABC project team is in columns A‚ B‚ C‚ D‚ F‚ G‚ I. Activity Activity Cost Pool Cost Driver Cost Divers Quantity Pool Rate Product Line Cost Driver Quantity for Product Line Activity Cost for Product Line Product Line Production Volume Activity Cost per Unit of Production Material 52‚500 Production 100 525.00 REG 40 21‚000 5‚000 4.20 Handing Runs ADV 40 21‚000 4‚000 5.25 GMT 20 10‚500 1‚‚000 10.50
Premium Costs Variable cost
Wendy’s Chili 3/3/2015 Andrea Rodgers 1. Does the cost of chili vary with the seasons? If so‚ should the price vary accordingly? Explain. The cost of chili does vary by season. Because in some seasons it is more likely that Wendy’s restaurants will have to utilize beef patties that were not “waste” from unused hamburger patties‚ the cost of chili would be higher during these seasons. Of course‚ this assumes that the beef patties that are being used for chili that are “waste” from the hamburgers
Premium Hamburger Burger King Wendy's
Deconstructing Mixed Methods Research: Week Nine Application Deconstructing Mixed Methods Research: Week Nine Application Mixed method research involves using both qualitative and quantitative research designs to conduct a study (Sheperis‚ Young‚ & Daniel‚ 2010). Mixed method research allows researchers to use both qualitative and quantitative data to verify findings. There are many different mixed method designs which can be used. This paper deconstructs a course article
Premium Scientific method Qualitative research Psychology
Exp 105 Week 5 Final Paper During our final chapter‚ we discussed the four stages of the learning cycle. The four stages of transformational learning are as follows: recognizing a significant problem‚ confronting it intensely‚ finding a solution‚ then integrating a new perspective and a new set of assumptions into ones’ life pattern. I think that a lot of times people go through life not realizing when they have a problem. Therefore‚ acknowledging your problem is most definitely the first step
Premium Marriage English-language films
LIFE CYCLE COSTING Question 1 Solaris specializes in the manufacture of solar panels. It is planning to introduce a new slim line solar panel specially designed for small houses. Development of the new panel is to begin shortly and Solaris is in the process of determining the price of the panel. It expects the new product to have the following costs. Particulars | Year 1 | Year 2 | Year 3 | Year 4 | Units manufactured and sold | 2‚000 units | 15‚000 units | 20‚000 units | 5‚000 units |
Premium Costs Cost Variable cost
DB Forum 3 1.Ch.11 - 6 -- Below are listed some objects of varying degrees of abstraction. Suggest properties of each of these objects that can be measured by each of the four basic types of scales. a. Store customers: Nominal – gender‚ race‚ religion‚ age‚ marital status Ordinal – frequency of purchases (frequent‚ seldom‚ never) Interval – Ratio – total monthly purchases b. Voter attitudes Nominal – democrat‚ republican‚ independent‚ other Ordinal – popularity of candidates
Premium Question