L. True and False Questions Decision making is a distinct management activity that should be separated from budgeting, directing, and controlling activities. (F) 2. The concept of the relevant range does not apply to fixed costs. (F) 3. A cost formula may not be valid outside the relevant range of activity ( T) 4. The high-low method is generally less accurate than the least-squares regression method for

Task Team of FUNdaMENTAL aCCOUNtIng School of Business. Sun Yat-sen University Lesson notes Lesson 7 Merchandise Inventories and cost of sales Learning objective 1. Identify the items included in merchandise inventory

Junction potentials Whenever we change electrolyte or solvent there is a cost in that we create a double layer (electrode)which has a small but often measureable potential We call this potential a junction potential

投入与产出之间的关系 一、投入与产出之间的基本关系用生产函数( production function)来表示:Q=f(K,L) 二、生产函数可在不同层次上进行研究 整个经济

Introduction Packaging can be unnecessarily expensive in a couple of ways: 1. Inadequate design results in shipment damage 2. Over-design or poor design (more protection than is required or materials being incorrectlyused) results in excessive material cost. The procedure can be broken down into seven basic steps

Question 1 A)Yes. The sale of the machine is part of the project initiative. Therefore, the proceeds from the sale of the equipment should be counted. )No. The R&D expenditure is a sunk cost that should not be included in the project evaluation

9. The Producer's Problem a. Firms and Maximization b. Production Functions C. Supply and Profit Functions d. Cost Functions e. Duality and Producers f. Application: Urban Systems

Automated Production Today, automated production is essential. Neither volume nor product consistency can be achieved in any other way. Increasing production in a cost-effective manner is a difficult and complex undertaking. The project engineer overseeing such a project must have strong support from management

一、绝对成本理论(Absolute Cost Theory) 绝对成本理论的基本结论: 在商品生产中,每一个国家都有自己拥有生产优 势的产品。各国应该生产具有绝对优势的产品去 交换本国必需的但自己生产又处于绝对不利地位 的产品,从而使本国的土地、劳动和资本得到最 有效的利用,提高劳动生产率,增加社会财富

Public Goods Defined Pure public goods share two characteristics Nonrival Cost of another person consuming the good is zero Nonexcludable-Very expensive to prevent others from consuming the good