Random variable

Many people do not know what they want to do with their lives. I can honestly say that I am not one of those people. My dream job is being a member of The United States Marine Corps. I want to be a marine because I want to make a difference in the world. I want to save lives and help people. Before joining The United States Marine Corps, I must fully understand the earnings, necessary education and training, and general job description. The first thing that goes through most peoples’ minds is…

Literature Review Introduction The terms production and productivity are often used interchangeably. But there is a difference between the two. Production refers to the total output of all employees at a point of time. Productivity refers to the output relative to the inputs per person or system with reference to a point of time. Stated more clearly, productivity refers to the amount of goods and services produced with the resources used . Several factors are thought to be correlated with low…

with sprinkles. In order to find our breakeven point in units, we need to divide our fixed costs by our unit contribution margin. Our fixed costs are $362 and our unit contribution margin is found by computing: unit selling price – unit variable costs. Our variable costs per unit is $1.24, ($0.91 consists of…

Key Strengths and Weaknesses Some key strengths that Custom Car Care have are the quality and detail of Glenn’s work, The lower prices compared to the company’s closest competitors and Glenn’s knowledge of car cleaning and his overall ambition. Some key weaknesses that Custom Car Care will have to overcome to see success are the limited amount of funds Glenn has to start his business, the fact that he is starting his business with little to no reputation, the fact that Custom Car Care does…

decision made by the management of the company. The cost-volume-profit analysis is very helpful for the managers to make product decisions by estimating the expected profitability of the choices because different choices will affect the selling price, variable costs per unit, fixed costs, units sold and operating income. According to Alvis (2016), CVP analysis expands the use of information provided by breakeven analysis. Therefore, this paper is going to address Swill Chocolate Company’s CVP…

Target costing is a pro-active cost control system. There is no cost slashing rather there is continuous pressure to keep the costs of a product to a minimum. Target costing sets the selling price of the product by analysing the external environment, its competitors, customer reviews, requirements and their willingness to pay. The target profit is then determined from the predetermined selling price and this results in the target cost. The target costs is then compared to the expected unit costs…

Question 5 The overhead rate is the total of indirect cost for a specific reporting period, divided by an allocation measure. Overhead rate is the percentage that we get after comparing to the total overhead expenses with the total expenses. Overhead rate has differentiate into 2 types which is blanket overhead rate (single overhead rate) and departmental overhead rate. Blanket overhead rate (single overhead rate) is the most simplistic tradisional costing system. It assign indirect cost…

Goal: to write a review article about the Nike Magista Obra II cleats Total Word Count In This Document: 957 Title: ?The Nike Magista Obra II Cleats? The Nike Magista Obra II Cleats 1: If you need new cleats? Then you should probably check out the latest Nike soccer cleats. Soccer is a popular and beloved sport by many people for many different reasons. It?s fun to play, gets people active, and has a lot of cultural significance. But soccer can?t really be enjoyed or played at all if you…

Costing Methods Rebecca Meripo Professor Lemonier Westcliff university 12/7/17 Similarities between Job order manufacturing and process manufacturing costing systems Both the job order manufacturing and process manufacturing costing have various similarities for example: • Both the job costing and process costing have the primary purpose of allocating material to be used, labor force and overhead cost to products. They both also provide ways of computing the unit product cost. • Both the…

There are many reasons as to why both the short run and long run costs are U-shaped within a business. Short run costs refers to the cost a company will experience in a period of time in which costs are variable, e.g. when a company is releasing a new product. However long run costs refer to those over longer period of time, typically, over the entire product lifecycle. In this essay I will address some of these reasons and explain how they differ from one another in a corporate environment.…