2 Economic Systems for Resource Allocation Decisions about resource allocation are necessary because we live in a world of scarcity. A review of the ideas listed at Key Points 1.1 and 1.2 should remind you of how central this basic premise is to the study of any branch of economics. To take a surreal example‚ when you open your front door in the early morning there are not millions of bottles of milk covering the neighbour’s lawn; nor is there no milk. There is just enough bottled milk to meet
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Memory Allocation Now we will discuss about the various memory allocation schemes. Single Partition Allocation In this scheme Operating system is residing in low memory and user processes are executing in higher memory. Advantages * It is simple. * It is easy to understand and use. Disadvantages * It leads to poor utilization of processor and memory. * Users job is limited to the size of available memory. Multiple-partition Allocation One of the simplest methods
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returned from an ABC seminar and has been asked to assist in the development of an ABC system in the organization. The following data are as follows: |ACTIVITY |Estimated indirect activity cost|Allocation base |Estimated quantity of allocation| | |(cost pool) |(cost driver) |base | |Materials handling |RM200‚000 |kg
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-1 steps. In contrast‚ many array data structures allow access to any element with a constant number of operations‚ independent of the number of entries. General Disadvantages Linked data structures also may also incur in substantial memory allocation overhead (if nodes are allocated individually) and frustrate
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single indirect cost allocation rate: total indirect costs/total amount of checks processed $2‚850‚000/$95‚000‚000 = $0.03 per dollar processed b) total annual indirect cost assigned to the retail customer line and the business customer line: amount of checks processed x allocation rate = total indirect costs $9‚500‚000 x $0.03 = $285‚000 (retail customers) $85‚500‚000 x $0.03 = $2‚565‚000 (business customers) $95‚000‚000 x $0.03 = $2‚850‚000 (total) The allocations are driven by the
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size but the order size do not confirm with the minimum order size requirements of the plants in Hong Kong and China. We therefore need to drop the orders of those products as they are risky and may result in loss. We can make order allocations as: 1. Allocation 1 : Dropping of ISIS‚ STEPHANIE‚ TERI. Total Remaining order size =
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Office Products 1. Why was Dakota’s existing pricing system inadequate for its current operating environment? Dakota’s existing pricing system was inadequate for its current operating environment because the pricing was based on traditional allocation of overheads. The result of which were that the actual costs incurred for fulfilling the orders of customers were not ascertained. There were two effects of this method. First‚ the overall prices of all the products increased. Second‚ those products
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considering the same overhead for both products. By doing so managers will be able to price the prints competitively while still maintaining a profitable margin. An activity-based costing system may be appropriate for Wall Décor‚ when overhead allocation based job-order costing provides product cost distortion. Wall Décor should change its costing system for selling its high volume produced products whereas low-volume produced products have good profit 2. The activity-based overhead rates Activity
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CHEMICAL BANK - Allocation of Profits EXECUTIVE SUMMARY The overall profitability of Chemical Bank has been negatively affected by a decrease in profit contribution from Due Bills. There is an external threat of reduced interest rates and internal threats in the form of misalignment between involved divisions. The following suggestions aim to counteract this development 1. Increasing sales volumes of Due Bills a. Allocate 100% of profits from customer fees to Metro b. Aligning Metro’s
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Finance Msc. Health Service Management Question You are the financial Controller responsible for the compilation and monitoring of Allied Services Budget which budget encapsulates the Occupational Therapy‚ Physiotherapy & Speech therapy services with in an NHS region. The region covers a General Acute hospital‚ Rehab hospital as well as an Elderly hospital In your capacity as a Financial Controller you are requested to explain what mechanisms would you adopt to: (a) Ensure regular
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