Random variable

absorption and variable costing is in how they mange fixed manufacturing overhead. Under absorption costing, fixed manufacturing overhead is treated as a product cost, therefore, is an asset until products are sold. Under variable costing, fixed manufacturing overhead is treated as a period cost and is immediately expensed on the income statement. Both methods threated all other costs the same way. 2. Selling and administrative expenses are treated as period costs under both variable costing and…

Fire Department The ISO review of the Fire Department accounts for 50% of the overall score and evaluates numerous different aspects, including: engine companies, reserve pumpers, pump capacity, ladder/service companies, reserve ladder/service trucks, deployment analysis, company personnel, training, and operational considerations. The 2012 version of the FSRS has placed more emphasis on proper placement and deployment of resources and less on the number of apparatus and the equipment carried…

800 5,080 5,280 4,900 4,000 5,100 5,400 Assume that the relevant range includes all of the activity levels mentioned in this problem. Required: A. Use the high low method to establish the fixed and variable component of cafeteria costs. (5 marks) B. Express the fixed and variable components of cafeteria costs as a cost formula in the linear form Y= a + Bx. (3 marks) C. Using the cost formula you derived above, what cafeteria costs you would expect to be incurred at the…

Also “in terms of interpretation, the long-term solvency ratio should be at least 1.0 but as a general rule, the higher the ratio the better the organization is doing” (Martin, 2001). The ratio for 2002, 2003 and 2004 is less than the average which means that they have nothing to liquidate. If the ratio of a nonprofit organization is less than 1.0, the organizations financial feasibility might be in question. The organization in 2002, 2003 and 2004 is doing pretty good. There is no question…

It also has lease obligations for facilities and streaming obligations that incur at the time they enter into an agreement to obtain future titles. Income taxes are another fixed cost for Netflix. Variable costs for the company include cost of postage to ship DVD from it 's mail order DVD portion of the company which is a major perk to customers because shipping is free and the DVD comes with prepaid return postage. With the continuous rise in postage…

firm’s equity, and x is some financial variable such as earnings, cash flow, book value, sales or even some physical characteristic. V/x is calculated across the comparable companies for several choices of x. 3) Average the key ratios: Discard the outliers and average the ratios of other comparable companies to calculate the average ratio that should be applied to the company being valued. Such average ratios should be calculated for each financial variable that is used for…

First, the Heathrow Airport is the most hubs across the world. Second, the British Airways has strong growth in emerging markets. For example, China and India is emerging markets. In these countries, the investment in the travel infrastructure, rising foreign tourism, the expansion of the middle class and increasing international business opportunities. Third, in modern countries, internet is the most popular ways to know something. So the British Airways should increases access to the internet.…

INTRODUCTION This document is the final project of Operations Management for Competitive Advantage class and consists in the description of the best location for new hubs for the service arm and the best location and set up strategies for the manufacturing arm for Going Inc. In this document is included Weighted, Center of gravity, Location break-even analysis & Transportation method (linear programming). CONTEXT Facility planning is essential to ensuring a smooth…

calculate MC is= delta TC/deltaQ. Marginal cost shows the effect of change in quantity on cost. Here, we have been given the cost equation. C=900 + 60Q1 + 9Q1^2. In this equation, 900 can be considered as a fixed cost. So we would consider only variable cost. MC=dTC/dQ MC=60 + 18Q1 To calculate MR lets assume that P=MR P= 660-16Q1 When we put MR=MC, we should double the value of Q1 = MR= 660-32Q1 MR=MC 660-32Q1=60+18Q1 660-60=18Q1+32Q1 600=50Q1…

Materials, labor, and overhead were his responsibility. This was done to provide incentive to control all costs whether caused by use waste, damage, theft, or inefficiencies. The Apple iPhone 4 The iPhone 4 contained more than 100 components manufactured in plants located in Europe, Asia, and the United States. For examples, Samsung supplied flash memories and application processors, and Infineon (a German chip maker) supplied chips that send and receive phone calls and data. A gyroscope, new…