Dummy variable

Definition and explanation of mixed or semi variable cost: A mixed cost is one that contains both variable and fixed cost elements. Mixed cost is also known as semi variable cost. Examples of mixed costs include electricity and telephone bills. A portion of these expenses are usually consists line rent. Line rent normally is fixed for each month. Variable portion consists units consumed or calls made. The relationship between mixed cost and level of activity can be expressed by the following equation

1. State the business case for option #3, the PCB In-sourcing proposal. What is the benefit? What is the risk? How do you compare this proposal to option #1 and #2? Benefit: a. Better performance in management, quality and delivery. When PCB is in-souring facility, the management team of Stryker Corporation can directly control the production process, which is more efficient and could obtain better quality in products. Secondly, when the production of PCB is in-sourcing, it will be much

certain compound may be considered as a random variable, where X (0 < X < 1) has pdf fX (x) = 20x3 (1 − x), 0 < x < 1. Suppose that the selling price of the above compound depends on the alcohol contents. Specifically, if 1/3 < X < 2/3, the compound sells for c1 dollars/gallon otherwise it sells for c2 dollars/gallon. If the cost is c3 dollars/gallon, find the probability distribution of the net profit per gallon. 2. The pdf of a random variable X is given by fX (x) = 6x(1 − x), 0 < x < 1. Find

Jump to Navigation Frame Your location: Assessments › View All Submissions › View Attempt View Attempt 1 of 2 Title: | Exam 2 (Chapters 10-18) | Started: | July 7, 2011 12:16 AM | Submitted: | July 7, 2011 2:11 AM | Time spent: | 01:54:47 | Total score: | 94/200 = 47% Total score adjusted by 0.0 Maximum possible score: 200 | 1. | Chapter 10 #265 |   | Use this information for questions that refer to the World Tennis Ball (WTB) Company case. World Tennis Ball Co. (WTB) makes

CHINA DEVELOPMENT INDUSTRIAL BANK A case study Submitted to: Dr. Felix D. Cena, Phd Submitted by: Jose Farley Y. Tagle Lalaine D. Cosadio Cherryl L. Villaruel Raymund S. Belleza July 17, 2011 Given: Assume that you recently graduated with a major in finance. You just landed a job as a financial planner with China Development Industrial bank (CDIB), a large financial services corporation. Your first assignment is to invest $100,000 for a client. Because the funds to be invested

It means PERT assumes that the duration of each activity is represented by a random variable with a known probability density function. PERT extends CPM by introducing the concept of uncertainty in estimating activity durations. “PERT uses expected mean time (te) with standard deviation or variance. The expected mean time (te) of an individual

Cost and Price Analysis Instructor: Name: Class: Finance 230 Date: Period: Results: 1) Why is it important for the government to exercise good fiscal judgment when spending funds? Government employees are held responsible for use of good judgment so those excessive prices are not paid. 2) List and describe four types of market based pricing. Be sure to provide at least one (1) example of each type. Competitive Offers – response to solicitation encouraging competing offers Established

Determine operating income for 20X7, assuming the firm uses the variable-costing approach to product costing. (Do not prepare a statement.) Variable Manufacturing Cost per Unit = $120,000 / 15,000 units = $8 per unit Variable Nonmanufacturing Cost per Unit = $24,000 / 12,000 units = $2 per unit Operating Income = Sales – Variable manufacturing cost – variable non manufacturing cost – fixed manufacturing costs – fixed non manufacturing costs. = (12,000

and Steel Rings |100 Plastic Rings |100 Steel Rings | |Selling Price |$1,350.00 |$1,350.00 | |Material Cost |$17.65 |$321.90 | |Direct Labor Cost |$65.50 |$196.50 | |Overhead Rate |0.80 |0.80 | |Direct Overhead |$52.40 |$157.20 | | | | | |Total Variable Cost |$135.55 |$675.60 | |Contribution Margin,$ |$1214.45 |$674.40 | |Contribution Margin,% |90 |50 | | Exhibit 2: New contribution margins if PWI products in summer |100 Plastic Rings |100 Steel Rings No Labor Saving |100 Steel Rings with

Question 1 (5 points) 1. Which of the following may lead to vertical integration? a) Technological interdependencies b) Reduced search and bargaining cost c) The hold-up problem d) All of the above Question 2 (5 points) Effective collusion generally is more difficult when a) the number of oligopolistic firms involved decreases b) the number of oligopolistic firms involved increases c) when customer orders are small, frequent, and received on a regular basis as compared