Variable cost

Rich Manufacturing Case Study The cost-plus pricing strategy uses the expenses associated with producing a product and adding an additional amount, called a markup, to generate a profit. Rich Manufacturing’s production manager Gina Picaretto purchases 100,000 machine unit parts from Ghagat Incorporated each year. Ghagat uses cost-plus pricing in their contract with Rich Manufacturing. Ghagat’s costs per part include $10 for labor, $10 for other costs, and a markup of $5. The…

Q1. Income $760 Taxes to Government $100 Consumer spending $560 Gross investment $110 Depreciation $40 Government Spending $130 1) GDP=$(560+110+130)= $800 Household savings =$(760-100-560) = $100 2) For this closed economy which is inherently self-sufficient and removed from the rudiments of import and exports the leakages are the savings and the taxes and the injections are the investment and the government spending. The relationship between the leakages and the…

For my career I chose to be a diesel mechanic, I chose to go into this career for many reasons. Some of the reasons are because first, I want to be this because I like diesel trucks especially diesel trucks and I feel like I would enjoy working with them and fixing them every day. First, I want to be this because I like diesel trucks especially diesel trucks and I feel like I would enjoy working with them and fixing them every day. Some of the duties as a diesel mechanic are things such as;…

Tips for moving during the busy summer season According to the United States Census Bureau, 48.4% of all moves take place between June and September, with some moves starting as early as May. This means that roughly 65% of all household moves take place in this five month period. It goes without saying: That’s a lot of moves. As such, planning is essential when making a summer move. The following are some helpful tips to assist you in making your summer move a success. Since most people work a…

Question.1 - PSPPROC508A – Make procurement decisions, and PSPPROC507A – Plan for procurement outcomes What legislative and policy requirements do you need to consider when planning for procurement and making procurement decisions? When planning doing a major Procurement the Department Official needs to consider the following Legislative and Policies: • Public Governance, Performance and Accountability Act 2013 Section 15 and 21 • Privacy Act 1988 • Freedom of Information Act 1982 • Australian…

Book of Dead Slot Review Play ‘n Go’s new Book of Dead has been designed for one purpose, and one purpose only. It has been created to take on Novomatic’s Book of Ra slot, which currently rules the roost when it comes to simplistic Ancient Egyptian themed video slots. The similarities between the two are there for all to see. Both video slots contain a rather cheesy hero and explorer – in the case of Book of Dead, his name is Rich Wilde. Both slots’ symbols include surpluses of high playing…

MAJ Woodard served as the Directorate of Logistics (DOL) Support Operations Officer (SPO) of the Area Support Group –Kuwait (ASG-KU). She provided multifunctional logistical support and sustainment for over 50,000 US and coalition forces under the Defense Cooperation Agreement with Kuwait. She was responsible for the training, health and welfare of 50 Soldiers, NCO’s, Warrant Officers, officers and DA Civilians which provided oversight to 5000 contractors in the absence of the DOL Director for…

comparative studies of ORP, LRP, and RARP, Novara et al reported no significant differences in BCR-free survival estimates between ORP and RARP or between LRP and RARP. A recent study by Bolenz et al. compares ORP, LRP, and RARP costs. Without considering robot purchase costs or maintenance…

assist him. To overcome any cons associated with servicing cars in this segment, Glenn should explore any possible was to cut his fixed costs, or possibly raise the price of his services marginally. Glenn believes that both segments, older car owners and mid-priced car owners, are only willing to pay $100 for his services. Glenn could possibly attempt to raise his costs with only mid-priced car owners because they may be less price sensitive than older car…

Based on the information displayed in the Histogram, the distribution would be bimodal. The bimodal tells us that there are two distinct modes, or peaks present in this data. In the case of this data, the $31,000-$40,000 would represent major mode or larger peak while $51,000-$60,000 would be the smaller peak or minor mode. First we must calculate the percent change between 1999 and 2015. To accomplish this, using the data in Worksheet 1 “Data” we use the formula…