The traditional costing method lumps all overhead costs into a single pool and allocates those costs across all products produced based on one of the three cost drivers (direct labor hours, number of units produced, or machine hours). This method of costing does not take into account the differences between products when allocating overhead costs, like a product’s custom requirements or production complexity, so the costs are applied the same way across all products produced using the cost driver (The Economist Newspaper, 2009). Activity based costing allocates overhead costs to
Stateline Shipping and Transport Company Math 540 Assignment 4 Jennifer Harris 1.) The model transportation problem consists of 18 decision variables which are the number of barrels of wastes transported from each of the six plants to each of the three waste disposal sites. The objective of the problem is to develop a shipping schedule that minimizes the total cost of transportation. The objective function Z represents the cost. In this transportation model the decision variables, Xij, represent the quantity of waste transported from the i-th plant (where i=1,2,3,4,5,6) to the j-th waste disposal site (where j= A,B,C).
Pick any two problems and factor each perfect square trinomial. a. x2+4x+4 b. x2–10x+25 c. 25x2+10x+1 d. 64x2–16x+1 5. Rational Expressions: Often we use rational expressions to evaluate the cost of a service. Pomper Demolition Service can estimate the cost of removing a percentage of debris after the demolition of a building. They use the following expression, where “x” is the percentage of debris cleaned up.
By following the matching principle all of the costs associated with a particular product, not just its wholesale price, is expensed when the item is sold. Requirement 2 - A Generally, the lower of cost or market method is used to value inventory in order to “avoid reporting inventory at an amount greater than the benefits it can provide” (Spiceland, Sepe, & Nelson, 2013, p. 476). According to Spiceland, Sepe, and Nelson (2013) the “change in replacement cost usually is a good indicator of the direction of change in selling price” (p. 477). When the change in replacement cost is negative the LCM method allows companies to apply the conservatism principle. The conservatism principle involves “recognizing expenses and liabilities as soon as possible when there is uncertainty about the outcome, but to only recognize revenues and assets when they are assured of being received” (The conservatism principle).
Data * Below is the table that you will complete for the virtual lab. Either type your results into this table or print the table from the virtual lab (it must be submitted to receive full credit for this assignment. Part I: Density of Unknown Liquid | | Trial 1 | Trial 2 | Trial 3 | Mass of Empty 10 mL graduated cylinder (grams) | 25.31g | 25.40g | 26.03g | Volume of liquid (milliliters) | 8.12mL | 8.26mL | 8.52mL | Mass of graduated cylinder and liquid (grams) | 35.46g | 36.01g | 36.41g | Part II: Density of Irregular-Shaped Solid | Mass of solid (grams) | 42.313g | 40.65g | 40.95g | Volume of water (milliliters) | 48.95mL | 50.03mL | 50.05mL | Volume of water and solid (milliliters) | 53.91mL | 55.04mL | 550.04mL | Part III: Density of Regular-Shaped Solid | Mass of solid (grams) | 25.95g | 27.62g | 25.67g | Length of solid (centimeters) | 5.250cm | 5.0cm | 4.50cm | Width of solid (centimeters) | 3.0cm | 4.0cm | 3.50cm | Height of solid (centimeters) | 2.50cm | 3.0cm | 2.0cm | Calculations Show all of your work for each of the following calculations and be careful to follow significant figure rules in each calculation. Part I: Density of Unknown Liquid 1. Calculate the mass of the liquid for each trial.
The backfill material needs to be compacted in lifts of loose depth that does not exceeding 8 inches and compacted to at least 95% of Standard Proctor Density at optimum moisture content, +/- two percentage points, as determined by ASTM D698 or provide the City with suitable advanced technology compaction testing methods, as approved by the Director 7. Is the company we hire to do the work required to be registered in any way? Yes, the company must be certified to work in public rights-of- way. 8. What is a right-of-way?
Week 4 Learning Team D LAW /421 Week 4 Team D In this case Learning Team will analyze the contract that was brought forth between Armstrong (seller) and GCI (buyer). The process of analyzing will include who is responsible for what and what articles of the UCC protect whom. In this case scenario when Armstrong’s manager wrote in that it would be a destination contract and both parties signed it at that moment it changed who was liable for the press if any issues would arise before delivered to the client (GCI) (Melvin, 2011). Under the destination contract it states that the company/organization and/or person selling the goods must deliver to a specific location and in good working conditions if any complications should take place before it is delivered then the seller
When considering how Small Fries Inc and its other facilities should record the costs associated with OSHA compliance on their financial statements as either capitalized as an asset or charged to expenses. We should consider the types of repairs that will be done. Whether they are ordinary repairs or major and extraordinary repairs that will benefit the companies more than one year or operating cycle. According to ASC 360 -10- 25- 5 Planned Major Maintenance Activities, The use of the accrue-in-advance (accrual) method of accounting for planned major maintenance activities is prohibited in annual and interim financial reporting periods. GAAP defines a company's assets as the things it owns or controls that have measurable future economic
• Based on the data collected on a typical day, what is the probability that oil change will take 15 minutes or less time? Class Interval Frequency 6 to 10 minutes 3 11 to 15 minutes 8 16 to 20 minutes 6 21 to 25 minutes 2 More than 25 Minutes 1 11/20= 55% chance that the oil change will take 15 minutes or less. • What are the characteristics of standard normal distribution? A standard normal distribution is defined as a normal distribution with the numbers 0 and 1, according to the Statistics for Business and Economics book. •
You are the sales manager of region 3 of your company. You asked your intern to determine the demand function for your region and present a report to your boss. You gave your intern data on quantity demanded (Qx), price of your product (Px), price of a substitute (Py), and average Income levels (Income). Your intern decided to run the regression using the logs of the values to obtain meaningful results. Following her presentation to your boss, you received the following note from your boss.