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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Absorption and Variable Costing‚ Inventory Management Absorption and Variable costing are very important tools for cost accounting. Both of these costing methods allow you to see the cost of your inventory‚ in a different way. For example the absorption method allows you to assign all costs to the product‚ while variable costing allows only variable costs to be assigned to the product. Inventory management is extremely important as well because it ties into efficiency and lowering your costs
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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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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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ABSORPTION AND VARIABLE COSTING Learning Objectives 1. Explain the accounting treatment of fixed manufacturing overhead under absorption and variable costing. 2. Prepare an income statement under absorption costing. 3. Prepare an income statement under variable costing. 4. Reconcile reported income under absorption and variable costing. 5. Explain the implications of absorption and variable costing for cost-volume-profit analysis. 6. Evaluate absorption and variable costing.
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Markets consist of buyers‚ and buyers differ in one or more ways. They may differ in their wants‚ resources‚ locations‚ buying attitudes and buying practices.” (Kotler et al. 2007‚ pg.345) List and describe in detail the four major variables used for segmenting markets. For each of the four major variables list and describe three groups within that variable. Provide examples of your choice to illustrate your answer. (p.265) --Problem recognition‚ info search‚ evaluation‚ purchase‚ post purchase:
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WHAT IS A RANDOM VARIABLE? A random variable assigns a number to each outcome of a random circumstance‚ or‚ equivalently‚ a random variable assigns a number to each unit in a population. It is easier to create rules for broad classes of situations and then identify how a specific example fits into a class than it is to create rules for each specific example. We can employ this strategy quite effectively for working with a wide variety of situations Involving probability and random outcomes. We
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WidgeCorp is fond of knowing trends about the clients that utilize the 1-800 customer service lines for any inquiries/complications they may have. They have asked me to recommend three quantitative objects that ought to be tracked about every client that calls and/or their conduct about snack foods and specify whether the variables are continuous or discrete. We will begin by discussing what quantitative data/research is‚ define discrete variables‚ define continuous variables‚ and I will provide my three
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Activity 2: Cultural Variables in Communication Dimensions of national cultures Power distance index (PDI): "Power distance is the extent to which the less powerful members of organizations and institutions (like the family) accept and expect that power is distributed unequally." Cultures that endorse low power distance expect and accept power relations that are more consultative or democratic. Individualism (IDV) vs. collectivism: "The degree to which individuals are integrated into groups". In
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Score: ________________ Year and Section : ________________________________________________________________________ Date : _________________ Statistics 1 Laboratory Exercise No. 1 NATURE OF STATISTICS AND THE DIFFERENT TYPES OF VARIABLES A. Classify the following statements as belonging to the area of descriptive statistics or inferential statistics. Write DS for descriptive statistics and write IS for inferential statistics on the space provided. 1. Yesterday’s record shows
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