Variable cost

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 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 number of meals served are 2000 and 3500. (6 marks) D. What is the major limitation of the high-low method? (6 marks) [20 marks] EAB10603_Management Accounting 1 3 CONFIDENTIAL Question 3 Genesis Wheels manufactures spoked and solid bicycle wheels. The company relies on an activity based costing system. The following information has been provided for the cost pools: cost Pool machine setup assembly / Polish inspection…

g(n) is just a multiple of depth n. Thus, breadth-first search and uniform-cost search would behave the same in this case f(n) = g(n) = 1*(depth of n) b) Greedy search is a special case of best-first search  TRUE Because loop is start again to validating greedy search as a special case of Breadth First Search, if we have a successor and its parent node it have to be in the front line which clamps the open list. c) Uniform-cost search is a special case of A∗ search.  TRUE Heuristic is…

What is the difference between a fixed and a variable cost? Variable costs can change their original price for a product. Fixed costs are constantly the same, no matter how much output a company produces. A variable cost is a company 's cost that is associated with the amount of goods or services it produces. A company 's variable cost increases and decreases with the production volume. 7. Why would you research the cost of a product before you purchase it? I am defiantly the kind of person to…

Net sales for the month ended August 31, 2016 increased .8% to $584k from $579k in August 2015. Bimba sales comprised 65.5% of total sales in August 2016 versus 77% in August of 2015. Sales to Panduit, D&N Bending, Concentric and S&S Cycle exceeded prior year by $48k collectively. Net purchases remained relatively flat year-over-year despite increased volume in August 2016. Both years benefited from lower aluminum, steel, and brass pricing because of the ailing metal market. We continue to…

Module: Branding and Positioning Minor Assessment Academic Year 2014/2015 Lecturer: Manuela Sacco Deadline date: 24th of November “Nespresso” Joanna Boneva ID #120 59 05 Table of contents: 1. Executive summery……………………3 2. Introduction……………………………3 3. Brand Analysis………………………...4 a) Brand resonance model 4. Brand Personality & Identity……….….6 5. Brand Target Segment………………….6 6. Brand Positioning………………………7 a) Competition & Analysis of points of parity and points of…

Without it, there would be a large amount of pollution in local water streams, causing ecological and economic damage across the region. The plant is likely to last for a very long time, as beyond its current utility, projects are in progress to further lower costs and increase the effectiveness of the plant. In addition to the reservoirs being added to prevent overflow, plans being made for using excess methane gas from the decomposition of sludge as fuel for electric generators. Once…

\noindent According to Tabels \ref{4-tb7}-\ref{4-tb12}, we can get the following conclusions, which will correspond with Corollary \ref{4-cl7} (d)-(f). Note that $e^{exp}_{\alpha,\beta}/\rho(X)$ is denoted as the 2-parameter expectile when $X\sim Exp(100)$ and $e^{pareto}_{\alpha,\beta}/\rho(X)$ is denoted as the 2-parameter expectile when $X\sim Pareto(3,200)$. \begin{enumerate} \item[(i)] Table \ref{4-tb7}-\ref{4-tb9} and Tabel \ref{4-tb10}-\ref{4-tb12} illustrates that the 2-parameter…

Do you think pennies should eliminated from the United States? they shouldn’t get eliminated because they help us out in many ways. Imagine you had extra pennies in your purse and you see a homeless man on the street so you give him your extra change you gave him a enough to eat for the whole day and for that penny’s help out charities, and for that penny’s should not be eliminated it’s worth something to other people. The first reason why pennies shouldn’t get eliminated because the pennies…

 • Andrew Scanlan – GR Target – $3.84 million (Life & Savings) + $289,240 GR (GI). The team issued a GR of $217,733 achieving 68% of the monthly target. Andy closed the year with a submission of $2.3 Million GR and issued a GR of $2.25 million. On GI, the team produced $2.65 million APE as of December end which is 33% above their target generating a GR of $384,000. • Peter Reilly – GR Target – $2.63 Million (Life & Savings) + $79,350 GR (GI). The team submitted $134,034 GR in December and…

Concepts of CVP (Cost Behaviour Analysis?) Contribution Margin Contribution margin (CM) is a cost accounting concept that allows a company to determine the profitability of individual products (Investopedia, 2015). In short, it is equivalent to the revenue less the total variable cost (Horngren, Datar, & Rajan). The CM per unit measures the amount of each unit sold contributes to cover fixed costs and increasing profit and also considers what happens when sales and production increase by one…