What Are The Fixed Costs Associated With Operating An Automobile?

2.) What is the ‘relevant range’ for the cost structure? In other words, at what volume might you expect the fixed and variable costs to change appreciably?

Question 3: Identify all costs associated with this venture. Categorize these costs as fixed or variable.

As a financial advisor, are there factors other than return and risk that should be considered in making this decision?

Establish relationships with your suppliers and employees starts with good and regular communication. It can be taken further by having group activities or teams. Also by establishing mutually beneficial achievable goals.

Explain any additional assumptions you make in preparing your estimated model year budgets. What will be the overhead allocation rate under the two scenarios?

A comparison of the direct and indirect cost that is associated with the navigation system within VectorCal and my company.

o Long-term costs. Be certain that you plan for such on-going costs as monitoring fees, equipment maintenance,

2. What is the total cost? How much of the total cost are labor costs? Capital costs?

While cost is seldom the only criterion used in a make-or-buy decision, simple break-even analysis can be an effective way to quickly surmise the

As an example, if fixed costs are $100, price per unit is $10, and variable costs per unit are $6, then the break-even quantity is 25 ($100 ÷ [$10 − $6] = $100 ÷$4). When 25 units are produced and sold, each of these units will not only have covered its own marginal (variable) costs, but will have also have contributed enough in total to have covered all associated fixed costs. Beyond these 25 units, all fixed costs have been paid, and each unit contributes to profits by the excess of price over variable costs, or the contribution margin. If demand is estimated to be at least 25 units, then the company will not experience a loss. Profits will grow with each unit demanded above this 25-unit break-even level.

Answer to Question 1: Schedule of Cost of Goods Manufactured- In the books of Winner Mowers Schedule of Cost of Goods Manufactured:- for the year ended on 30th June,2016 Particulars Amount Amount ($) ($) Raw Material Parts Purchased 1,688,000 Add : Opening Stock of Raw Material 962,000 2,650,000 Less : Closing Stock of Raw Material 813,000 1,837,000 Factory Wages 2,126,000 Inward Freight 365,000 - Prime Cost 4,328,000 Manufacturing Overhead: Factory Heat Light & Power Costs 1,624,000 Depreciation of Manufacturing Plant 288,000 Other Factory Overhead

Talal Asad published Anthropological Conceptions of Religion: Reflections on Geertz in 1983. The article focuses on redefining Geertz concept of religion. More importantly, Asad explores the importance of power in religion. Talal's views were simple, Geertz formula was too simple to accommodate different cultures. With this in mind, Zande divination is a notion that explains unfortunate events. The concept of witchcraft supplies the missing link and inexplicable situations lead to rituals, revenge, and oracles. According to Asad (1983: 243), "It was not the mind that moved spontaneously to religious truth, but power that imposed the conditions for experiencing that truth." Agreeing with this, Zande does not profess to understand witchcraft,

Ronald Harry Coase, an Emeritus Professor of Economics at the University of Chicago Law School. Dr. Couse was awarded a Nobel Prize in Economics in 1991 for his work in the field of the Theory of Market Institutions contributing to the line between economics, law and organization. The foundations of Couse’s beliefs were that serious economists should not study theoretical markets and instead should concentrate all their efforts on real world markets. Dr. Coase is best known for two well-established articles "The Nature of the Firm" (1937) and "The Problem of Social Cost" (1960). The book itself if a collection of these two critically acclaimed articles and three additional articles; “The Marginal Cost Controversy” (1946), “Industrial

In Shakespeare’s Macbeth, malicious characters are portrayed as obviously evil and influential. Macbeth, however, is one character that is not represented in this way, in fact he is quite the opposite. The new king is seen as a victim of his foul wife’s influences and the witches prophecies but is really only supported by them and these ideas, leading him to make decisions based on evil ambition and a wicked desire for power. Readers are pushed to believe that Macbeth deserves sympathy, but as all humans do, Macbeth has free will allowing him to make his own decisions which means that if he were a victim, he would only be this due to his depraved actions.

Assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision as to whether it should shut down completely or continue its operations. It currently uses 100 workers to produce 6,000 units of output per month (working 20 days / month). The daily wage (per worker) is $70, and the price of the firm's output is $32. The cost of other variable inputs is $2,000 per day. It also tells us that the firm's fixed cost is “high enough” so that the firm's total costs exceed its total revenue. The marginal cost of the last unit is $30.