Plant overhead $122‚000 D/L rate/hour $30 Youngstown has a traditional cost system. It calculates a plant-wide overhead rate by dividing total overhead costs by total direct labor hours. Assume‚ for the calculations below‚ that plant overhead is a committed (fixed) cost during the year‚ but that direct labor is a variable cost. 1. Calculate the plant-wide overhead rate. Use this rate to assign overhead costs to products and calculate the profitability of the four products. The assignment
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3 Cost-Volume-Profit Analysis Learning Objectives 1. Explain the features of cost-volumeprofit (CVP) analysis 2. Determine the breakeven point and output level needed to achieve a 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
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have done above is a “full-cost” analysis. This is in contrast to a “direct-cost” analysis that ignores overhead costs. Is full cost the right metric for job profitability and customer profitability? What assumptions are we making about the variability of overhead costs when we do a “full-cost” analysis? By allocating the overhead costs to jobs and customers there is an implicit assumption that these are variable with the cost driver. In reality‚ some of the overhead costs are fixed‚ at least in the
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Table of Contents 1. The competent human being 3 1.1. What is a competent human being? 3 1.1.1. Perspectives on the nature of a competent person 3 1.1.2. Carl Jung: Individuated person 3 1.1.3. Abraham Maslow: Self actualisation 3 1.1.4. Victor Frankl: Search for meaning 4 1.1.5. Aaron Antonovsky: Salutogenesis 4 1.1.6. Coetsee & Cliliers: Locus of control 5 1.1.7. Peterson & Seligman: Classification of character strengths 6 1.1.8. Kets de Vries: Happiness equation 6 1.1.9. Stephen Covey: Principle
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TYPES OF COSTS Introduction :-Production is the result of services rendered by various factors of production.The producer or firm has to make payments for this factor services. From the point of view of the factor inputs it is called ‘factor income’ while for the firm it is ‘factor payment’‚ or cost of inputs.Generally‚ the term cost of production refers to the ‘money expenses’ incurredin the production of a commodity. But money expenses are not the only expensesincurred on the production
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There are five basic components of the human societies: population‚ culture‚ material products‚ social organization‚ and social institutions. These components may either deter or promote social change. The size of population will greatly affect the social change. If the population is large‚ chances are social changes will be promoted. More people will usually result in more ideas‚ pushing for changes because a larger population will generate more problems and it has a greater need for solutions.
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through the mapping of the human genome on society? Human genetics has remained a mysterious and spotty subject throughout history. The farther the human race advances‚ the more it learns and the more details it is able to clarify. Now‚ man has come to create a method of mapping out the complex and massive information stored within himself in order to better understand and further the health and lives of those around him. In the following text is explained the Human Genome Project‚ what it
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Dead Poets Society #1 Dead Poets Society is a movie that compares the conflict between realism and romanticism. The setting takes place at an all-boys preparatory school named‚ Welton Academy. The academy is a traditional academy where many lawyers and doctors have graduated from. The schools’ light of knowledge stands in the principles of {Tradition‚ Honor‚ Discipline‚ and Excellence}‚ until a new English teacher named Mr. John Keating arrives with a passion for teaching romanticism‚ and showing
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media. Since it has become widespread‚ some people are also misusing it for their own goods while harming the other individuals. This paper has covered some of the fields which people are using Internet for and how Internet has changed the way of humans carrying out those fields. It has also discussed about some of the issues rising from using Internet‚ what kind of impact do we have and how the future of Internet might be. Introduction When Soviet Union launched Sputnik‚ the first man-made
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ABSTRACT: TECHNOLOGY: how has technology changed human society? Technology has indeed changed human society over the past hundred years. One can now use technology to change the way we work and play‚ from having to use pen and paper to write to someone‚ we can now use email to do so. During our spare time‚ we can assess social networking sites such as facebook and twitter. Compared to having to write letters in the past‚ we can now do so using technology like the computer to send mail to overseas
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