Random variable

their employee’s work. As the variable cost remains at $50 ($10,000/200 hours) constantly. Therefore, the most effective way to release this tension is to seek for alternative methods, which is able to meet the needs by the decrease in the fixed cost. According to Table 2.1 and 2.2, obviously, the ABC method is slightly better than the single rate method, because it allocates the type of costs. It is easy for managers to know how much they have paid for variable and fixed cost (Horngren et al…

7) Services that Walmart provides its customers include financial services (money orders, prepaid cards, credit cards, money transfers, check cashing, and bill payment), clinical services (medical and vision services), VUDU movie streaming service (online movie and television streaming), automotive services (automotive maintenance and repair services), and health insurance services (Walmart, 2016). 8) Walmart also collects fees from its Sam’s Club members, which contributes to its total revenue.…

Anagene Inc., a genomics instrument company, manufactures Anagene Cartridges (a device that analyzes both single nucleotide polymorphism (SNP) and short tandem repeat (STR) forms of DNA for experimental use to find the best way to fight a specific diseases). The President and CFO of the Anagene, Inc., Gerald Kelly, currently faces difficult issues in predicting future profits from fluctuating gross margins. At the January 2001 board meeting, Kelly was questioned about the 40% increase in…

Food manufacturing facilities are high profit businesses all over the country. Each region of the country has a specialty; the north has cheese and dairy, the south has fruits, and the center region has meats. Living in the Midwest, the most common food facilities produce, meats, soy and pizza toppings, the best examples are Tyson and Hormel Foods. That is what my business does we manufacture the best kind of food; brownies. Brownies sell all over the country in grocery stores and markets as…

Three 3X3” plant pots labelled as A, B, and C were used during our experiment. Each pot contained standard soil media with basic nutrients, and 3 Arabidopsis seeds. All pots were watered with appropriate Hoagland’s Solution formulation three times per week over the next 4 weeks. Pot A (phosphate limitation group) was given a phosphate reduced Hoagland’s solution, whereas Pot B (nitrogen limitation group) was watered with nitrate reduced Hoagland’s solution. Pot C (control) is the control plant…

implications for profit. Written or formal offer to supply goods or to do a job at an agreed price/ make a formal offer to do a job at a stated price. The difference between Fixed Cost, Variable Costs and Total Costs Fixed cost Variable cost Total cost Fixed costs are the costs that are fixed in total, but variable per unit. For example, the…

income from another established farm. The income, variable costs, and fixed costs are shown for each of the 10 establishment years. It is assumes production in high density orchards begin in year three with 15 bins of HoneyCrisp Apples and increases to 50 bins at full production. The full production and yearly amounts are low averages, things like frost and poor growing season can easily destroy crop for a year wiping out all income. Total variable costs for the high density planting system is…

ENGINEERING STUDY SHEET - TEST Analysis: SI units- Si units is the standard International Metric system of measurements. The metric system was introduced to australia to provide an easier system than the imperial system. The metric system is a base 10 system (all units are done by powers of 10). The imperial use more complicated bases. Metric eg; 1000 mm = 1m, 1000m = 1km (not confusing) Imperial eg; 36 inches = 1 yard, 1760 yards = 1 miles (confusing) Types of motion: Rotational-pg 141 (…

Question 1: What is the value chain? It is beneficial for organizations to strategically analyze costs to determine whether or not its costs are competitive with other companies in the same market. This comparison is done through what is known as a value chain, which analyzes the cost of internal activities and how they compare with competitors to determine which are sources of cost advantage or disadvantage. A value chain serves the purpose of examining the operating activities that businesses…

The problem at hand for Stuart Cellars it’s their prices for its wines. They are a family owned winery that is located in Temecula, California. The average retail price for their wine is around $28 per bottle. When it comes to pricing wines, cost varies based on winery location and the number of years that the winery has been in business. One rule of thumb for wineries is to price a bottle of wine at 1/1000 the cost of a ton of grapes. For example, a bottle of wine from a batch of $40,000…