000,000 | Total Fixed Operating Costs | $ 11,500,000 | | | Direct Variable Costs: | Hoodie | Tee-shirt | Pants | | Sew and press | $ 3.25 | $ 2.00 | $ 2.85 | | Cut | $ 1.15 | $ 0.40 | $ 0.70 | | Other variable labor | $ 3.20 | $ 2.40 | $ 3.05 | | Fabric | $ 9.10 | $ 2.20 | $ 7.50 | | Findings | $ 3.85 | $ 0.50 | $ 2.30 | Total Variable Cost | $ 20.55 | $ 7.50 | $ 16.40 | | | | | Direct variable costs translated
Often times as researchers, we will take continuous variables and break it up into categories, typically for the purpose of grouping, or to measure an outcome measure. We usually decide on a reasonable cut-point and place the data in the appropriate category. Streiner (2002) asserts that this categorization results in lost information, reduced power of statistical tests, as well as an increased probability of a Type II error. In Streiner (2002) article, written primarily for researchers, he states
Running Head: ABSORPTION VS. VARIABLE COSTING Absorption vs. Variable Costing ACC 401 Assignment 31 August 2013 Validity for using the Absorption or Variable Costing Method In the case, it is more advantageous to use absorption costing than the variable costing because it is a simpler method of providing accurate record for the external reporting for a highly unstable manufacturing volume in the manufacturing company. More importantly, the absorption costing provides more accurate picture
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
Variable Inequality This two-variable inequality problem uses the following basic information. Ozark Furniture Company uses 15 board feet of maple to make a classic maple rocker and 12 board feet of maple to make a modern maple rocker. Using y for classic rockers and x for modern rockers, the following inequality expresses the number of rockers of each type that could be made with 3,000 feet of maple or less: y -4/5x +200. 15y + 12x 3000 5y + 4x 1000 5y 1000 4x y -4/5x +200 As the picture
Information of average revenue and costs is as follows: Selling price per unit $28.50 Variable costs per unit: Direct material $5.25 Direct manufacturing labour $1.15 Manufacturing overhead $0.25 Selling costs $1.85 Annual fixed costs $110,000The number of units that Franscioso must sell each year to break even is: Answer | | 1,000 units
point in units? a. 10,000 b. 20,000 c. 30,000 d. 15,000 ANSWER: B Variable cost per unit = V = Labor + Material + C&S V = $9.50 + $12.40 + $3.10 = $25.00 Ct = P V =$32 $25 = $7.00 QB/E = FC/Ct = $140,000/$7 = 20,000 12. The Spitfire Model Airplane Company has the following modified income statement ($000) at 100,000 units of production. Revenue $10,000 Variable Cost 6,500 Fixed Cost 2,200 EBIT $ 1,300
EM 505 - Decision Models, Fall 2012 Homework 3 - December 10-11, 2012 1. The diagram below depicts a system of aqueducts that originate at three rivers (nodes R1, R2 and R3) and terminate at a major city (node T) where the other nodes are junction points in the system. Using units of thousands of acre feet, the tables below show the maximum amount of water that can be pumped through each aqueduct per day and the following diagram shows the network of the system. From/To A R1 75 R2 40 R3 B 65 50
should be compared to budgeted costs at the original budgeted activity level. True False 3. The overhead spending variance and the overhead efficiency variance are useful only if variable overhead really should be proportional to the activity measure that is being used in the flexible budget. True False 4. The variable overhead efficiency variance reflects how
Instrumental Variable Regression We acknowledge that endogeneity of trading frequency might be a problem since the price informativeness could have a systematic influence on the trading activity. A strategy to address the endogeneity problem is to employ an instrumental variable approach. We choose the official adjustment of stamp tax on security trading as one instrumental variable. On the one hand, stamp tax, as an exogenous policy instrument, is not related to the price informativeness. On the