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The CFO, Mr. Smith asked you,his new, managerial accountant to explain the three following cost systems 1. activity based costing. 2. Job order costing 3. Process costing. Create a 1-2 page table comparing the following for each three costing systems: What are the 3 characters of the system? Give 2 examples of a product or service that would be accounted for by each system. Explain why you choose this product or service as your example. Decsribe 2-3 disadvantages of each system.
If Bayer is currently making normal profits on most of the products in its product line, but is making pure profits on its new Alka-Seltzer Plus with decongestant, what should Bayer do to increase its profits?
assume that the demand for electricity is q d 120 2pdwhere q d and pd are the quantity demanded and the price paid by
explain and demonstrate the effects on the production possibilities frontier or curve of the following events1.the
How a competitive market arrives at equilibrium and why the price of tomatoes has risen - Discuss the factors that affect the price elasticity of demand as they apply to tomatoes and make a suggestion based on your appraisal as to the likely price..
suppose that the capital machines in a particular plant is fixed in the short run and is equal to k 2. thus the only
Suppose that there are n bidders participating in a First Price Auction. Each bid- der's private valuation is independently drawn from the interval [0, 1] according to the distribution with cdf F(x) = x2 and pdf f(x) = 2x.
if the economy is operating on the upward sloping portion of the short-run aggregate supply sas curve show that an
In the summer of 1997, Congress and president agreed on budget package to balance the federal budget. The contract," signed into law by President Clinton in August as the Taxpayer Relief Act of 1997,
a firm produces a product with labour and capital and its production function is described by q 2l0.5k0.5. suppose
suppose that you are hired as a consultant to a firm producing a therapeutic drug protected by a patent that gives a
suppose a firm has the production technology shown below for goods 1 and goods 2 and respond to the following with an
Explain the various major reasons why the quantity of education in a country would likely be less than the efficient amount in the absence of any government intervention. Include a carefully labeled and well-explained supply-demand diagram that sh..
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