Variable costing and absorption costing are the two most commonly used methods of inventory costing for manufacturing companies. The inventory method of variable costing takes place when total direct and indirect variable manufacturing costs are included within inventoriable costs. Fixed manufacturing costs however‚ are considered costs of the period under variable costing. The next method of inventory costing‚ absorption costing‚ includes all variable manufacturing costs as well as fixed manufacturing
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random variable because the time is being measured. All possible results for the variable time (t) would be greater than > 0. b) The weight of a T-bone steak is a continuous random variable because the weight of the steak is measured. All the possible results for the weight of the T-bone steak would be positive numbers making the variable weight (w) > greater than 0. c) The number of free throw attempts before the first shot is made is a discrete random variable because
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administrative expenses were as follows: Total cost Rs. Beginning inventory: Direct materials Direct labour Variable factory overhead Fixed factory overhead Total Current period costs: Direct materials Direct labour Variable factory overhead Fixed factory overhead Total Selling and administrative expenses: Variable Fixed Total Instructions: 1. 2. 3. Prepare an income statement based on the variable costing concept. Prepare an income statement based on the absorption costing concept. Give the reason for
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Vice President of Marketing for Dysk Compyer‚ Inc must decide whether to introduce a mid-priced 2 version of the firm’s DC6900 minicomputer product line-the DC6900-X minicomputer. The DC6900-X would sell for $ 3900‚ 3 with unit variable costs of $ 1‚800. Projections made by an independent marketing research firm indicate that the DC6900-X 4 would achieve a sales volume of 500‚000 units next year‚ in its first year of commercialization. One-half of the first year’s
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Answer: .5006 . Question 5 .5 out of 5 points An automotive center keeps tracks of customer complaints received each week. The probability distribution for complaints can be represented as a table or a graph‚ both shown below. The random variable xi represents the number of complaints‚ and p(xi) is the probability of receiving xi complaints. xi 0 1 2 3 4 5 6 p(xi) .15 .1 .28 .20 .10 .10 .07 What is the expected number of complaints received per week? Round your answer
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Discrete Random Variables: Homework Exercise 1 Complete the PDF and answer the questions. |X |P(X = x) |X(P(X = x) | |0 |0.3 | | |1 |0.2 | | |2 | | | |3 |0.4 | | a. Find the probability that X = 2. b. Find the expected value. Exercise 2 Suppose that you are offered the following “deal.” You roll a die. If you
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Section B Attempt Any Six Questions (6*5= 30) 1. Company A’s costs are mostly variable‚ whereas Company B’s costs are mostly fixed. When sales increase‚ which company will tend to realize the greatest increase in profits? Explain. 2. Crystal Telecom has budgeted the sales of its innovative mobile phone over the next four months as follows: Sales in Units July. . . . . . . . . . . . . . 30‚000 August . . . . . . . . . . . 45‚000 September . . . . . . . . 60‚000 October . . . .
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3 What are some similarities and differences between skimming pricing‚ prestige pricing‚ and above-market pricing? 4 Touché Toiletries Inc. has developed an addition to its Lizardman Cologne line tentatively branded Ode d’Toade Cologne. Unit variable costs are 45 cents for a 3-ounce bottle‚ and heavy advertising expenditures in the first year would result in total fixed costs of $900‚000. Ode d’Toade Cologne is priced at $7.50 for a 3-ounce bottle. How many bottles of Ode d’Toade must be sold
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the costs for the year. The restaurant wanted to see what some of their fixed and variable costs were for the year. They also wanted to make sure they remain in their relevant range. The costs focused on were the cost of hamburgers (raw materials) and the cost of building rent. It was determined that the raw materials were the variable costs because the cost will vary based on production of hamburgers. A variable cost is a cost that will change in direct proportion to changes in the cost-driver
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fnfldfmk . You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50‚000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70‚000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40‚000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%. 203 Ignou what do you know about the census 2011? 79 SBI mccb service sittings be done? 104 Mr.
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