Assume that you have decided to drive your car to Florida for the spring break. A classmate learns about your plans and asks about riding along with you. Required: Select how you would apply each of the following cost concepts to the task of determining how much, if any, cost you would take into consideration for the purposes of setting a price to be charged for taking the classmate with you. a. Differential cost. b. Allocated cost c. Sunk cost d. Opportunity cost How to allocate? Based on number of people, weight, number of suitcases, or what? What are other opportunities for you to earn revenue? What is the cost of alternative travel for your classmate? What costs have already been incurred and cannot be recovered, even if you don't make the trip? What costs will differ if a friend comes along?

Break-even analysis is an important tool for managing any business, including colleges and universities. Instructions 1. Identify three areas where break-even analysis might be used at your college or university. 2. For each area, identify the revenues, variable costs, and fixed costs.

Assume that you have decided to drive your car to Florida for the spring break. A classmate learns about your plans and asks about riding along with you. Required: Select how you would apply each of the following cost concepts to the task of determining how much, if any, cost you would take into consideration for the purposes of setting a price to be charged for taking the classmate with you. a. Differential cost b. Allocated cost c. Sunk cost d. Opportunity cost

The major expenditures involved with buying a home include many things.  Describe the up-front costs? Identify the components of PITI.

Decisions where relevant cost analysis might be used effective is Segment Elimination. Explain IN YOUR OWN WORDS what "Segment elimination" is AND MUST USE EXAMPLES IN YOUR DESCRIPTION.

Cost-estimating relationships (CER) have been defined that allow design variables (like speed, horsepower, and size) to predict costs: C2 = C(Q2/Q1)* Question: To successfully use this type of Cost-estimating relationship to estimate the cost of a similar piece of equipment, C2, which of the following must be true? O You need to know the size // capacity and the cost of a similar piece of equipment. O You need the CER correlating exponent value O The Size Range for the CER must include the size of the equipment you have the cost value for and the size of the equipment who's cost you want to estimate. O You must find a source that publishes correlating exponent values for the type of equipment you are interested in. • Previous Next 6. 80

Analyzing a cost-volume-profit graph Nolan Rouse is considering starting a Web-based educational business, e-Prep MBA. He plans to offer a short-course review of accounting for students entering MBA programs. The materials would be available on a password-protected Web site; students would complete the course through self—study. Rouse would have to grade the course assignments, but most of the work would be in developing the course materials, setting up the site, and marketing. Unfortunately, Rouse’s hard drive crashed before he finished his financial analysis. However, he did recover the following partial CVP chart: Requirements Label each axis, the sales revenue line, the total costs line, the fixed costs line, the operating income area, and the breakeven point. It Rouse attracts 300 students to take the course, will the venture be profitable Explain your answer. What are the breakeven sales in students and dollars?

Having an issue with this problem. Thank you

Which location provides Polaris the greatest cost advantage? Calculate the NPV of the three locations using a 10% discount rate.

Check each of the following that are sunk costs. Group of answer choices A machine then was used to research a new product that can be used in the production process if we go forward with the project, or sold if we do not The market value of the land on which we plan to build a factory The original cost of the land on which we plan to build a factory The amount we paid our research scientists to determine the feasibility of a product we are now considering. The cost to construct a factory we will build if we launch the a new product