of per Unit Total Costs. The estimated unit costs for Hoteling Industries‚ when operating at a production and sales level of 10‚000 units‚ are as follows: Cost Item Estimated Unit Cost Direct materials $15 Direct labor 10 Variable factory overhead 8 Fixed factory overhead 5 Variable marketing 4 Fixed marketing 3 Required: (1) Identify the estimated conversion cost per unit. (2) Identify the estimated prime cost per unit. (3) Determine the estimated total variable cost per unit. (4) Compute
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Speciality restaurant with a 20 seat lounge. We focus on our New Italian menu with a touch of an Asian influence. The location of this new restaurant would be in the heart of the city‚ rapidly expanding‚ which is the hot spot for the niche youngsters‚ lot of businessmen‚ and also is the junction for the tourists.So‚ the main target market segment of this Speciality restaurant are those who has discretionary for niche youngsters.The combination of these elements will provide our restaurant with a year-round
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Cost Classifications and Estimation 2.0 Introduction Cost classification may be defined as ‘the arrangement of cost items in a logical sequence having regard to their nature and purpose to be fulfilled’. The term cost must be qualified when in use in order that its precise meaning is established in a particular situation; however‚ cost refers to the amount of resources that have been diverted from other uses or sacrificed so as to achieve the desired objective. But the term is used to refer to
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3-point scale. Let X denote the rating given by expert A and Y denote the rating given by B. The following table gives the joint distribution for X and Y . 4.12 If a dealer’s profit‚ in units of $5000‚ on a new automobile can be looked upon as a random variable X having the density function fx= 21-x‚0<x<10‚elsewhere find the average profit per automobile. 4.14 Find the proportion X of individuals who can be expected to respond to a certain mail-order solicitation if X has the density function. fx=
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Independent Variables Chapter 8 is devoted to dummy (independent) variables. This How To answers common questions on working with and interpreting dummy variables. Questions: 1) How to include dummy variables in a regression? 2) How to interpret a coefficient on a dummy variable? 3) How to test hypotheses with dummy variables and interaction terms? 4) How to create a double-log functional form with dummy variables? 5) How to interpret a coefficient on a dummy variable with a log
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What is the difference between a fixed and growth mindset? For starters a fixed mindset is where someone believes that their talent or personal trait is fixed or just comes to them naturally. A growth mindset is where you believe that you can learn more and get better and your intelligence can expand and you can learn more. What are some real life examples of what a fixed mindset might look like? It could be saying I got a 70% on my math test and I can’t do any better on it so I won’t retake. It
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1) Cost-volume-profit analysis is used primarily by management: A) as a planning tool B) for control purposes C) to prepare external financial statements D) to attain accurate financial results Answer: A Diff: 1 Terms: cost-volume-profit (CVP) Objective: 1 AACSB: Communication 2) One of the first steps to take when using CVP analysis to help make decisions is: A) finding out where the total costs line intersects with the total revenues line on a graph. B) identifying which costs are variable and
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A fixed mindset is when people believe their basic qualities‚ like their intelligence or talent‚ are simply fixed traits. They spend their time documenting their intelligence or talent instead of developing them. They also believe that talent alone creates success—without effort. They’re wrong. People in a fixed mindset believe you either are or aren’t good at something‚ based on your inherent nature‚ because it’s just who you are. The fixed mindset is the most common and the most harmful. The
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hornes Ch. 4 Sports Fixed mindset&Growth mindset Sports growth & fixed mindset Fixed mindset is the approach of life where you believe your abilities and options in this world are surprised fixed. Growth mindset is a approach to life where you believe you’re abilities and options in life are open. As a athlete if you have a fixed mindset then you believe that you talent will always be there and you don’t have to work as hard as other (Pedro Martez). If you have a fixed mindset you will do
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Thursday‚ 20 February 2014 Public Law! The Fixed-Term Parliaments Act 2011 - Enacted on September 15 as part of the Coalition’s agreement of constitutional and political reform. This act removes the Executives prerogative power to dissolve Parliament and states that Parliamentary general elections will instead take place every 5 years under S1. Prior to this‚ the Septennial Act 1716 extended the maximum duration of Parliament from 3 years to 7 years. Dicey used this as a prime example
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