From the article ‘Brainology’‚ Mr. Dweck argues about ‘Fixed mindset’‚“Many student believe that intelligence is fixed‚ that each person has a certain amount” (Carol S. Dweck‚ 2008). Fixed mindset makes learners afraid to challenge‚ reduces confidence. On the other hand‚ Mr. Dweck also talks about ‘Growth mindset’‚ learners who have positive mindset‚ believes intelligence
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describing whether a cost changes when the level of output changes. The cost can vary proportionately with the changes in the level of activity or unaffected by changes in the level of activity. Costs can be variable‚ fixed‚ or mixed. A cost that does not change in total as output changes is a fixed cost. A variable cost‚ on the other hand‚ increases in total with an increase in output and decreases in total with a decrease in output. Understanding how costs behave in a particular situation is crucial for
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Question 1: Given the fact pattern above‚ identify whether White should seek reductions in variable or fixed costs for the greatest impact on the forecast. Cost profit analysis for the Swiss Manufacturing company indicates declines in sales volume‚ but its margin of safety will be positive. Moreover‚ the analysis expresses that the company will not achieve its desired level of operating and net income due to decline in sales volume and the president of the company suggest some cost saving will be
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c. Profits are calculated on a variable-costing basis. d. Total costs and total revenue are linear functions of output. e. The analysis applies to the relevant range only. f. Costs can be accurately divided into their fixed and variable
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$3‚623.00 7. Indirect costs @ 25% of $3‚675.00 $ 906.00 Subtotal $4‚529.00 8. Profit margin @ 5% of $4‚594.00 $ 227.00 Total $4‚756.00 Fixed Cost Conference room rental $175.00 Audiovisual equipment rental $75.00 4 Presenters @ $500.00 $2‚000 Indirect Cost @25% of $3‚675 $906.00 Profit Margin @5% of $4‚594 $227.00 Total Fixed Cost $3‚383.00 Variable Cost 45 Workbooks @ $15.00 $675.00 45 Lunches @ $12.00 $540.00 45 Coffees @ $3.50 $157.50 Total Variable Cost
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Appendix 2. a) Parking‚ Concession‚ Merchandise cost includes both fixed and variable costs. Variable Costs = | 10% * Revenue | | | Fixed Costs = | Total expense - | Variable Cost | | | | | | Costs | Variable | Fixed | Total Cost | Parking expense | 19‚767 * 10% = | 4‚448 - 1‚976.70 = | | | $ 1‚976.70 | $ 2‚471.30 | $ 4‚448.00 | Concession expense | 79‚273* 10% = | 43‚356 - 7‚927.30 = | | | $
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Case Study #1. Salem Telephone Company 1. Variable expenses: Power (the more hours sold‚ the more energy consumed) The hourly personnel (operations) works only when the computers are in operation Fixed expenses: The rent has to be paid despite any level of production ($8‚000 monthly) The custodial services depend on Salem Telephone’s estimated space‚ they are independent from the revenue of the Company The computer leases were acquired to run the business (before it was actually started
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target operating income 3. Understand how income taxes affect CVP analysis 4. Explain how managers use CVP analysis in decision making 5. Explain how sensitivity analysis helps managers cope with uncertainty 6. Use CVP analysis to plan variable and fixed costs 7. Apply CVP analysis to a company producing multiple products All managers want to know how profits will change as the units sold of a product or service change. Home Depot managers‚ for example‚ might wonder how many units of a new product
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management team should do concerning production costs. We will examine 2 different scenarios and provide our decision as to which makes most sense. In the first scenario‚ the total fixed cost of the production is 1‚000‚000. In the second scenario‚ the total fixed cost of production is 3‚000‚000. Scenario 1 – total fixed cost 1‚000‚000 Total Variable Cost = (Number of Workers * Worker’s Daily Wage) + Other Variable Costs 50‚000(workers) * $80(daily wage) = 4‚000‚000 + 400‚000(other variable cost)
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making. In this assignment‚ the key elements of the break-even analysis will be discussed. The key elements of break-even analysis are fixed cost‚ variable cost‚ total revenue‚ break-even point and margin of safety. Although break-even analysis is very useful‚ it has disadvantages. Break-even analysis is based on the production cost of the company which includes the fixed cost and variable cost. Then the total cost of the production is compared with the total sales revenue to find out the breakeven point
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