Variable cost

was highly accurate and the data could be reproducible. With no outliers, it makes sense for this to be the uncertainty. This conclusion makes sense because of my data in the graph, viewers can clearly see the inverse relationship between the two variables. Conclusion and Accepted Theory Seeing as all of my data for the slope and y-intercept fit in the range expected there is little to no systematic error. My error bars were all…

and process costing are two method that determining unit product costs. Process costing is used when industries that convert raw materials into homogeneous product, such as bricks, or paper on a continuous basis while Job-order costing is used when many different jobs or products are worked on each period. According to Kohler, in his book “Dictionary for Accountants” describe the method of process costing a cost accounting whereby costs are charged to processes or operations and averaged over…

3. STATIC BUDGETS A static budget contains elements where expenditures remain unchanged with variations to sales levels. Overhead costs represent one type of static budget, but these budgets aren't confined to traditional overhead expenses. Some departments may have a fixed amount of money set in budget to spend, and it is up to managers to make sure such amounts are spent without going over-budget. This condition occurs routinely in public and nonprofit sectors, where organizations or…

economies of scale can be applied in the motion picture industry is based on the theory of economies of scale. As already mentioned, this theory argues that when output increases, the average costs decline (Besanko, Dranove, Shanley, & Schaefer, 2013). Thus, filmmaking company’s budget could be taken as a fixed cost and company’s output could be measured by films produced, the number of viewers or box office receipts. For example, copies of a film can be seen by millions of people. This provides…

The variation of poisson’s ratio (σ), depends on the variation of the values and relative values of (E) and (G) in Equation (10) and (Ul) and (Us) in Equation (11). For any material (E) and (G) as well as (Ul) and (Us) tends to increase or decrease together. Therefore, we cannot decide the variation of (σ) in the same or opposite direction to that of (E) and (G). Using Equations 10 and 11 we can predict the behavior of (σ) according to which of the two elastic constants varies more than the…

qualify for a bonus,” this plan results in “more than $16 million in bonuses to non-management employees.” To provide the best solution to Loveman, Winn had to weigh the costs and benefits of either keeping, revising, or replacing the current bonus payout program. If Winn were to decide to replace the program, she would face more costs than benefits. Although the program’s emphasis on reaching goals and competition could be exhausting to some employees, any plan of this nature would have the…

Chapter 5 1. Describe low-cost strategy. How does this relate to differentiation? A. Low cost strategy is a business model where companies do everything in their power to reduce or lower their costs structure to compete in the market to sell their goods at a lower price than its competitors while maintaining the product quality. There are two types of strategies that include in implementation of the low cost strategies, they are: a. Functional strategies & b. Competitive strategies Functional…

monopolistic competition are fulfilled. b. The industry for individual-serving juice boxes is dominated by a few very large firms (for example, Minute Maid, Welch’s, and Kool Aid), and there are significant barriers to entry, in part because of the large costs (for example, advertising) involved in gaining any market share of the national market. Products are, however, differentiated—in some cases, the only differences are in the minds of consumers. Because of the small number of competitors,…

Results H1 H2 Landing spot ( ) Actual value (landing spot) Trail one .26m .904m 96.96cm 96.8cm Trail two .235m .904m 92.18cm 92cm Discussion questions 1) Equation for the landing point of the bob 2) Distance where the bob should land from directly beneath the rest position of the pendulum. 3) Would you expect the same result if you used the different mass? If the experiment were to use a different mass the result would not…

Decision Variables(From Article): Xijk –Number of production cycles of k consecutive batches of product i using route j. Gijk –Granulation time for k consecutive batches of product I using route j. Sijk –Press setup time for k consecutive batches of product I using…