Variable

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    1. The difference between 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 absorption costing and these expenses are never treated as product costs under variable or absorption costing method. 3. Fixed overhead costs of manufacturing are included in product costs, direct materials, direct labor and variable manufacturing overhead, under absorption costing method. If some of the…

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    The numbers of meals served each week over the last seven weeks, along with the total costs of operating the cafeteria are given below: week meals served 1 2 3 4 5 6 7 1,500 1,600 1,800 1,450 1,200 1,650 1,900 cafeteria costs (RM) 4,800 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…

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    Explanatory Variables

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    Four types of explanatory variables are used, which are commonly used in the literature to explain health outcomes – demographic/household/socioeconomic, enabling, need, and life-style variables. Demographic, household, and socioeconomic variables capture differences in morbidity for individuals of different age, sex, and socioeconomic backgrounds. Gender is represented by a dummy variable (female = 1, male = 0). Marital status is characterized by two dummy variables (currently married = 1, 0…

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    Dependent Variable

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    The scientist’s want to see if certain sugars affect the amount of fermentation caused by yeast. The problem statement is; in which of these sugars, monosaccharides, disaccharides, or polysaccharides, will fermentation by yeast occur the best? The independent variable is the variables the scientists can control, so the scientists decided to use certain sugars, such as dextrose, maltose, and lactose being the IVs (Independent variables). The scientist’s Dependent Variable (DV) is the outcome of…

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    Dependent Variable

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    The scientist’s want to see if certain sugars affect the amount of fermentation caused by yeast. The problem statement is; in which of these sugars, monosaccharides, disaccharides, or polysaccharides, will fermentation by yeast occur the best? The independent variable is the variables the scientists can control, so the scientists decided to use certain sugars, such as dextrose, maltose, and lactose being the IVs (Independent variables). The scientist’s Dependent Variable (DV) is the outcome of…

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    Demographic Variables

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    Demographic variable: Income: Most customers of medium to low income for the Ocean Empire shop's main customer. They are generally more than there is a certain balance of expenditure of household expenditure in consumption can be used. Race: The main customer base for the Chinese people, a small number of expatriates. Religion: Any nationality religion but also customers, but some people with special dietary requirements exceptions (for example: Muslims do not eat pork, Hindus do not eat…

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    Structural Variables

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    Structural Variables are greatly influenced by age, gender, and race/ethnicity which all have a great impact on our self. When it comes to getting jobs, applying for healthcare, and even applying for a loan your structural variable have an impact on whether or not you’ll get approved. But I’m specifically going to focus on gender and differences in physical and mental health. For the most part, women live longer than men by an average of twelve years in 2009. Some of the main reasons for this is…

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    Unlike guaranteed pay, variable pay is directly dependent upon the employee’s ability to accomplish a task, meet a quota, or other variables that are dependent upon maintaining a particular level of performance or achieving a desired result. However, the employees within a variable pay system still have a set rate to which they are paid, but they have more room to earn more money. The most common forms of variable pay are seen as incentives or bonuses. Positions that apply variable pay are…

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    Microeconomic Variables

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    Microeconomic variables can be used to predict how the economy will perform, both in the short and long run. Today, businesses have to make decisions in a complex environment. They depend on microeconomic variables when making decisions, which are drawn from data to make critical choices which play a critical role in the success or failure of the business. Therefore, the currency and reliability of information used by businesses when making these decisions affect the success or fail of…

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    Guttmann Scale

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    My dependent variable will be their perception of their latest relationship. To measure this, I will be using a Guttmann scale. This will enable me to incorporate both a dichotomous scale and a Likert scale. A dichotomous scale is when a question has two possible responses. A Likert scale is a type of rating scale that measures how someone feels about a certain topic containing degrees of feeling. With multiple Likert questions in a survey Cronbach’s alpha helps measure its reliability.…

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