to the direct variable costs‚ I also detected multiple operating costs. I would underline among others‚ the following: Furnace Gas $1‚000.00 Insurance 90.00 Rent 175.00 Total Fixed $1‚265.00 These costs are fixed. They do not depend on a production level. Even if you do not produce any number of goods‚ the fixed costs will stay the same. There are also a number of variable operating costs estimated as following: Office supplies $25.00 Hand tools and manufacturing supplies 150.00
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changes in activity (i.e. output) and changes in total sales revenue‚ expenses and net profit. It is used as a tool for decision making. CIMA’s Official Terminology defined CVP analysis as “the study of the effects on the future profit of changes in fixed cost‚ variable cost‚ sales price‚ quantity and mix”. A break-even analysis is a more commonly used term but it is often mislead as being synonym to the cost volume profit analysis. In fact‚ cost volume profit analysis provides much greater significance
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MULTIPLE CHOICE 1. CVP analysis requires costs to be categorized as a. | either fixed or variable. | b. | direct or indirect. | c. | product or period. | d. | standard or actual. | ANS: A PTS: 1 DIF: Easy OBJ: 9-1 NAT: AACSB: Reflective Thinking LOC: AICPA Functional Competencies: Decision Modeling 2. With respect to fixed costs‚ CVP analysis assumes total fixed costs a. | per unit remain constant as volume changes. | b. | remain constant from
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apartments demanded‚ since consumer i will be indifferent between having or not having an apartment.) 2 THE MARKET (Ch. 1) Price 60 50 40 30 20 10 0 1 2 3 4 5 6 7 8 Apartments (b) Suppose the supply of apartments is fixed at 5 units. In this case there is a whole range of prices that will be equilibrium prices. What is the highest price that would make the demand for apartments equal to 5 units? $18. $15. A‚ B‚ C‚ D. $10 to $15. (c) What is the lowest price that
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median is 5 and the mean is 7. Find (a) (b) (c) x; y; z. –4– [1 mark] [2 marks] [3 marks] M12/5/MATSD/SP1/ENG/TZ1/XX 2. 2.Working: The coordinates of point A are (−4 ‚ p ) and the coordinates of point B are (2 ‚ − 3) . The mid-point of the line segment AB‚ has coordinates (q ‚ 1) . (a) Find the value of (i) (ii) (b) q; p. [4 marks] [2 marks] Calculate the distance AB. 3. –5– M12/5/MATSD/SP1/ENG/TZ1/XX Working: is a star that is 82 414 080 000 000 km away from Earth. A spacecraft
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Give a description of fixed mindset vs. growth mindset as you understand it. A person with a fixed mindset exhibits behaviors that portray the individual as a one track mind. A fixed mindset causes one to only see life from one perspective. A fixed minded individual lacks maturity in learning how to adapt to the changes of life and the challenges it brings. Growth mindset allows one to be open for perspectives on a situation in order to develop a well thought out strategy to solve the challenges
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machine and lathe-bed guide ways. Straightness is defined as ’’A condition in which an element of a surface or an axis is a straight line’’. Flatness is said to exist if the following conditions are satisfied: 1) ’’all generators (lines) must be straight’’ and/or 2) ’’all generators (lines) must lie in the same plane’’. [pic] Fig. 2.1 A surface‚ all of whose generators (lines) parallel to the sides are straight‚ but which is not flat There are several ways with which the straightness and flatness of
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classified in CVP analysis? What approach is used to effect the appropriate classification? The mixed costs must be broken down into fixed and variable elements. After that is done then one needs to gather the information of the activity of the variable element in order to show the high end use and the low end use. It is important to separate these costs because the fixed cost will never change but the variable cost will always change depending on its activity. 9. “Cost-volume-profit (CVP) analysis
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Chapter 18 Test Bank True/False Questions 1. Indirect compensation includes free meals‚ life insurance‚ and discounts on accommodations. (T) * It is a contract between employee and employer * Aim to attract and keep loyal employees * Includes: paid vacation; health benefits; life insurance; free meals; free living accommodation; use of recreational facilities operated by the employer; discounts on accommodations; use of a company vehicle; reimbursement for outside classes; child
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BASIC NUMERACY SKILLS – A REVISION BODMAS B Brackets first O Orders (ie Powers and Square Roots‚ etc.) DM Division and Multiplication (left-to-right) AS Addition and Subtraction (left-to-right) Do things in Brackets First. [pic] | |6 × (5 + 3) |= |6 × 8 |= |48 | | |[pic] | |6 × (5 + 3) |= |30 + 3 |= |33 |(wrong) | |Example: (Powers‚ Roots) before Multiply‚ Divide‚ Add or Subtract. [pic] | |5 × 22 |= |5 × 4 |= |20 | | |[pic] | |5 × 22 |= |102 |= |100 |(wrong) | | | |
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