When given a problem that requires multiple steps, I will try and break down the problem in its entirety and then take my time with it while looking over any examples that were done in class to help. I do not give up too quickly in the beginning, I try to give it my best. However, when I do not get the correct number needed to do a multi-step problem, that’s where I begin to panic. I begin to overthink and question every numbers existence that is given in the problem and if every number needs to be put to use in some formula. After about 10 more tries, my limit is met and my head begins to pound, leading me to step away from the problem and just take a break to rest my head from overthinking too much. The strategies I use when cornered by a homework problem, involve a few steps. First, I will push myself away from the problem, making some distance will help take some weight …show more content…
Having to use the weight average method to determine the equivalent units and cost per equivalent unit. Compared to a problem that was assigned for homework, on the worksheet Acct 204 Chapter 6 Weighted Average Production Report problem number two. For the test, I tried to find the equivalent unites by taking the units completed (by attempting the units started equation) and adding them to the units in the EWIP that were 60% complete, in which I found by taking the 8,000 units of WIP and multiplying it by 60%. Looking back at the problem now, I honestly have no idea what I was really attempting. It seems like a jumbled mess when I try to observe it. While trying to follow the proper format of finding the total number of equivalent units and cost per those units, I attempted adding the two costs (BWIP and any added) then dividing by the total equivalent units. A part of my mind was telling me that this type of problem that needed Direct Material and Conversion Costs
Weighted average unit contribution ($1.66) = 890,362 units o BE sales volume: BE units(890,363) x Average sales price ($3.02) =
These costs can be both personnel and non-personnel and both direct and
The cost of resources and cost of resources by work package I found out by selecting resource usage option from the view menu. The total cost of all the resources by totaling up the individual costs of the resources is $55,600. In my opinion this is a reasonable cost given the overall budget of $100,000. But it has to be ensured that the equipment, inventory and rest of the materials that need to be procured should be done with the remaining amount of $44,400.
The authors argue that if the problem is framed incorrectly, a person may end up solving the wrong part of the problem. The proper phrasing of a problem led a Japanese guy called Kobi to comprehend that consuming a dog by dividing it into two was a successful strategy hence breaking his previous record and setting a new record. Kobi was successful in this attempt due to repeated experimentation and seeking feedback, and on top of all these, he refused to accept his previous limit as a barrier (Levitt, Dubner and Kobbe 29-35). I learned that if I should always set my problems in the right way to get the right solutions and limiting oneself with artificial barriers is a setback to finding the answer to a challenge. This situation is very application in various settings across the globe as most individuals do not see the solutions to problems as a result of approaching them the right way and limiting themselves through underestimating their potential and I entirely agree with the ideas presented in this chapter.
Located in Appendix B, the IFE Matrix proves our company is experiencing tremendous growth despite our relatively low market share within the industry (United States Securities and Exchange Commission, 2016a). Led by our astounding revenue figures for the past three years, which include 27.09% (2013), 32.26% (2014), and 28.50% (2015), as well as 29% during the first six months of 2016, UA’s growth figures far excelled both Nike (8.5% in 2013, 9.8% in 2014, 10% in 2015, 5.8% in 2016) and Adidas (-2.6% in 2013, 2.3% in 2014, 16.4% in 2015) during the same time frame (United States Securities and Exchange Commission, 2016b; United States Securities and Exchange Commission, 2016a; Adidas Group, n.d.). Additionally, as the CEO states in his mission
Some teachers expect homework to be done on a computer, even if if a student does not have access to a computer. Homework creates unprecedented tension between students, teachers, parents, and coaches. In every instance of this condition, we have petitioned for change in the most humble terms. Our repeated petitions have been answered only by indifference and advice to straighten out our priorities.
Problem solving skills are very important in every aspect of your life. How you solve a problem is who you are. If you solve problems swiftly then it can be said that you are a leader. If you are more of a downtempo problem solver, you tend to push things off. When I have problems, I strive to fix them hastily before they can get too extensive.
Wilkerson is currently using the traditional costing system. “Companies that use the traditional costing method assume that the volume metric is the underlying driver of manufacturing overhead cost.” Traditional product costing was established when direct material costs and direct labor costs accounted for the bulk of product costs incurred inside a firm. In the Wilkerson company, materials and labor costs are centered around the prices of materials and labor rates.
We learned the material in class and was assigned homework everyday. However, when the test came along, the results I obtained were devastating. Test after test, I kept getting C’s, D’s and even E’s. Every time I get a bad test score back, I would shrug it off. “The next test will be better,” I kept telling myself.
I would always search the web, not only for homework assignment but also for getting resources. For example, when I graduated from high school, I had to start thinking about my college and major. I started searching the internet about what my major requires, what courses I needed to take, and what college is best for me. By exploring I gained knowledge. It gave me more insight about my topic.
Homework becomes very unpopular with the students. This is because homework is perceived by students to have taken their time away from school. Homework is also considered to stress students. Many of the teachers consider homework is very important given to students.
You examine the problem from different angles and views. If you really and truly want to achieve your goal, you will try new ways to reach success. Your new attempts will be easier, faster and better. Henry Ford once said: “Failure is simply the opportunity to begin again, this time more
Based on our calculations in Appendix 1. at the first stage support costs were allocated to two existing departments, i.e. Machining and Assembly, based on direct labor hours. Therefore total amount of costs assigned to Machining department is $472.000,00 and to Assembly department is $248.000,00. At the second stage total costs from both departments were distributed to products (Regular and Deluxe). Referring to our calculations in Appendix 1.
Step 5: Allocate overhead costs to products. The activity costs should be absorbed back into the individual products by multiplying the predetermined overhead rate for each activity by the level of cost driver activity used by the product Total activity costs can them be added to labour and material costs as normal.
To calculate net price equivalent rate, follow these two steps. Example: Elly from Elly’s Fireplace orders 6 gas stainless steel stoves with a list price of $1000 each from his supplier, Ranfort Fire. The supplier offer a chain discount of 5/10.