African American Hardships Essay - 1283 Words

African American Hardships During pre-colonial African kinship and inheritance, it provided the bases of organization of many African American communities. African American men were recognized for the purpose of inheritance. They also inherited their clan names based on their accomplishments, as well as other things when one decease. Land was not owned in many parts of Africa during the pre-colonial period. It was yet held and distributed by African American men. Access to the land by women depended on their obligations or duties within the gendered division of labor. Agriculture was the job of many African women. Men believed in having several wives that would all work together as farm workers and do whatever duties necessary as†¦show more content†¦During this colonial era, more than half of all African Americans lived in Virginia and Maryland. Most of them lived in the Chesapeake area where they made up fifty to sixty percent of the population. In 1790, the first census was taken which showed that eight percent of the black population was free. This may not seem like a great deal but, this gave parents hope that their child will one day be free of slavery or that slavery may not exist by the time their child is grown. The majority of the African American slaves worked on tobacco plantations and large farms. Working in a tobacco plantation was one of the hardest things to do. It was an eleven month crop, which had four different stages to it and required constant care. According to The Colonial Williamsburg, there were some advantages to working on a farm or plantation verses working in a household or an urban setting. Generally, slaves in plantations lived in complete family units, their work dictated by the rising and setting of the sun. They generally were allowed Sundays off. Though, the disadvantage was that slaves were more likely to be sold or transferred than those in a domestic setting. They were also subjected to brutal and severe punishments because they were regarded as less valuable than household or urban slaves. Urban and household slaves generally did not live in complete family units. Most domestic environments used female labor. Therefore, there were very few men. In fact, jobs fo rShow MoreRelatedOppression And Hardships Of African American Hair1693 Words   |  7 Pages African American hair has so much diversity and flexibility, throughout many years of oppression and hardships they have chosen to alter their natural texture to fit into â€Å"white† standards of beauty. Often feeling the pressures to fit into society, many of these people will purposely damage and harm themselves with a chemical substance called a relaxer. It is important that the millions of women who live their lives solely based on outward appearances know that it is normal to want to feel acceptedRead MoreAfrican American Hardships1306 Words   |  6 PagesDuring pre-colonial African kinship and inheritance, it provided the bases of organization of many African American communities. African American men were recognized for the purpose of inheritance. They also inherited their clan names based on their accomplishments, as well as other things when one decease. Land was not owne d in many parts of Africa during the pre-colonial period. It was yet held and distributed by African American men. Access to the land by women depended on their obligations orRead MoreEssay about Battle Royal - Symbolism827 Words   |  4 PagesRalph Ellisons short story, quot;Battle Royalquot;, is symbolic in many different ways. In one way it is symbolic of the African Americans struggle for equality throughout our nations history. 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Mood, Emotion, And Sports Performance Essay - 2408 Words

Mood, Emotion, and Sport Performance Karen Chandler Nova Southeastern University Mood, Emotion, and Sport Performance It seems to be common knowledge that a person’s current state of mind can greatly affect his or her performance in a sport competition, but these moods go further than just confident and happy, as it is now realized that the relationship between mood, emotion, and sport performance is a highly individualized and affect each athlete differently. Because of this, it is important to understand the difference between mood and emotion, as well as be able to use proven methods for controlling them in order to put the athlete in an optimal situation to perform at her best. Though mood and emotion may sound like the same thing to the untrained ear, they are in fact much different. Mood can be described as a more general look into how the person is currently in life, and cannot specifically be connected with any one thing. 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Practical Measures To Increase Transit Advertising Revenues

Question: Discuss about Practical Measures To Increase Transit Advertising Revenues? Answer: Strategy of Panera Bread Company: In this modern and competitive world, it is very much important for each and every organization to overcome the respective competitors and secure their position in the market place. Relating the same with our subject matter, the following study would review the current scenario of Panera Bread Company and would also highlight the matters relevant towards the same (Dreher, 2013). Will expansion increase revenues? It is very much important for the managers and related authorizers of the company to understand the importance and requirement of expanding the boundaries of the business. However, since there are two sides of a coin, it is equally significant for the managers to consider the factors which may turn into risks or failure while implementing the expansion. Even though the company has achieved good response from the customers from their first expansion, it is relevant to study all risks or uncertainties come with the same to maintain smooth flow of operation on daily basis. Firstly, to some extent, expansion does increase the revenue of the company in case the same is implemented in a productive way (Alpers, 2009). Thus, following is the list of areas or factors which should be considered before opting for expansion: Understand customer taste and preferences: Since expansion comes with new customers, new market and new competitors, it is quite relevant for Panera Bread Company to first understand the taste and preferences of the customers and include the feedbacks of the same while structuring the strategy (Kent, 2003). Since this company is running in the field of bakery-cafe, it is very much necessary for the managers and related professional to check whether the same would be accepted by the customers or individuals of new location or place (Alpers, 2009). Through this way, the company would be secured from financial or monetary risks. Conduct research on new location: In order to check whether the stability in the performance of the company after the expansion, it is quite important or rather relevant for Panera Bread Company to conduct research comprises of different question on different significant areas such as product, price, menu etc (SEMMELROTH Semmelroth, 2013). Through this way the company would be able to satisfy customers on their personal level and thus would increase the overall height of customer satisfaction with direct effect on surplus. Calculation of profit: Last but not the least factor which should be considered by Panera Bread Company is the amount of profit, this company would be earning after the expansion. It is very much necessary for the managers of the company to implement certain accounting standards and adopt certain cost factors to determine the profit ratio of the company (SEMMELROTH Semmelroth, 2013). Alternative strategy: Even though expansion may come as a profit making strategy for Panera Bread Company, the same can be replaced with other creative invention just like that of starter by CEO Ronald Shaich. In case company is facing difficulties while implementing the process of expansion, the managers would always have the option of creative attractive ideas such as combo packs or todays special to attract more customers and increase the overall surplus (Peter Donnelly, 2013). References Alpers, J. (2009). Practical measures to increase transit advertising revenues. Washington, D.C.: Transportation Research Board. Dreher, K. (2013). Of Bread, Blood and the Hunger Games: Critical Essays on the Suzanne Collins Trilogy. MaryPharr, LeisaClark, DonaldPalumbo and C. W.Sullivan. Jefferson, NC: McFarland Company, 2012. 245 pp. $40.00 paperback. The Journal Of Popular Culture, 46(4), 909-912. https://dx.doi.org/10.1111/jpcu.12052 Peter, J., Donnelly, J. (2013). Marketing management. New York: McGraw-Hill Higher Education. SEMMELROTH, D., Semmelroth, D. (2013). Data marketing for dummies. Hoboken, New Jersey: John Wiley Sons.

Jiambalvo Acccounting Mgrl 4e Solutions Essay Example

Jiambalvo Acccounting Mgrl 4e Solutions Paper Chapter 3 Process Costing QUESTIONS 1. Job-order costing is used when a company produces individual products or batches of products that are unique. Generally, each unique product or batch is a â€Å"job† for which the company needs cost information. Therefore, manufacturing costs must be traced to specific jobs. Process costing, on the other hand, is used when a company produces large quantities of identical items. It is basically a system of averaging. The production costs are divided by the number of units to arrive at an average unit cost. 2. Student answers will vary but here is one possible answer. Three types of manufacturing companies which might use process costing include pharmaceutical firms, paint manufacturers, and chemical manufacturers. In each of these companies, the products are relatively homogenous and produced in large batches. In many cases, a product suitable for process costing will be a low-cost product, but not necessarily (i. e. , various drugs can be expensive, as can various chemicals). 3. Equivalent units is the quantity of partially completed units expressed in terms of whole units. To calculate equivalent units, the number of units is multiplied by the percentage of completion. 4. Direct labor and overhead, together, are called conversion costs. 5. The costs associated with units received from a preceding department within the company for further processing are called transferred-in costs. 6. Material may enter at the start of a production process while labor and overhead are incurred throughout the process. 7. Cost to account for = Cost in beginning work in process + Cost incurred in current period. 8. Reconciliation helps to ensure that mistakes are not made in calculations and units are not â€Å"lost. 9. Transferred-in costs are the costs associated with units received from a preceding department within the company received for further processing. Therefore, they occur in all production departments except the first. 10. The four steps involved in preparing a production cost report are as follows: a. Account for the number of physical units b. Calculate the cost per equivalent unit for material, labor, and overhead c. Assign costs to items completed and items in ending work in process d. Account for the amount of product cost EXERCISES E1. [LO 2, 3]. We will write a custom essay sample on Jiambalvo Acccounting Mgrl 4e Solutions specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Jiambalvo Acccounting Mgrl 4e Solutions specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Jiambalvo Acccounting Mgrl 4e Solutions specifically for you FOR ONLY $16.38 $13.9/page Hire Writer In the production of chips, much of manufacturing overhead is a fixed cost. This cost is assigned to completed items and work in process. By starting a large number of items at year end, and given the simplifying assumption that items in process are 50% complete, a significant proportion of the fixed manufacturing overhead will end up in work in process, which reduces the cost of finished items and ultimately the cost of goods sold. The result is that profit will be artificially inflated in the current period. This approach to increasing profit may mislead investors and other stakeholders and cause them to make bad decisions. Thus, the behavior is not ethical. E2. [LO 3]. Cost per equivalent unit is calculated for material, labor and overhead. For each of these items, we sum the cost in beginning work in process and the cost incurred during the period. This becomes the numerator of the calculation. Then, we determine the number of units completed and the equivalent units in ending work in process. This becomes the denominator of the calculation. It is important to note that the equivalent units in ending work in process may be different for material, labor, and overhead. This is because material, labor, and overhead enter the production process at different times. Materials often enter the process at the beginning of the process, and labor and overhead are added evenly throughout the process. E3. [LO 1]. a. There are 6 steps: Step 1, Auger—the grain is cracked by steel grinders. Step 2, Mash Tun—malt is mixed with warm water. Step 3, Boil Kettle–the base of beer, or â€Å"wort† (sweet barley water), is pumped into the boiling kettle where it is boiled, concentrated and clarified, and hops are added. Step 4, Wort Chiller/Diverter Panel—the wort is cooled before it is moved to a fermentation cellar where it will become beer. Step 5, Fermentation Vessel—here, specially cultured yeast is added to induce fermentation. Step 6, Storage/Serving Tank—fill the storage tank, room kept at 41-43 degree Fahrenheit. Beer is served directly from the tank through the wall of the cooler into the bar. b. Bloomington Brewing Company produces a large number of identical units in a continuous process. Thus, the company is likely to use process costing. c. Barley is added at the start in the Auger. d. The Mash Tun is where the cracked malt is combined with water to create the wort. E4. [LO 1]. Case 1 |Units in ending work in process |2,000 | |Plus: Units completed during October |15,000 | |Less: Units in beginning work in process |(5,000) | |Units started during October |12,000 | Case 2 Units in beginning work in process |16,000 | |Plus: Units started during March | 3,500 | |Units to account for |19,500 | |Less: Units in completed during March |(14,400) | |Units in ending work in process | 5,100 | Case 3 Units in beginning work in process |250,000 | |Plus: Units started during December | 900,000 | |Units to account for |1,150,000 | |Less: Units in ending work in process |(350,000) | |Units completed during December | 800,000 | E5. [LO 1]. Units in beginning work in process800 Units started in August95,000 Units to account for95,800 cans Units completed90,000 Units in ending work in process? Total units accounted for95,800 cans Units in ending work in process = 95,800 90,000 = 5,800 cans. E6. [LO 1]. Units in beginning work in process5,000 Units started in August? Units to account for37,000 gallons Units completed30,000 Units in ending work in process7,000 Total units accounted for37,000 gallons Units started in August = 37,000 ? 5,000 = 32,000 gallons. E7. [LO 3]. Direct Labor Beginning WIP$140,000 Cost incurred in March 700,000 Total cost$840,000 Units Units completed30,000 pounds Equivalent units, ending WIP (10,000 pounds ( 50%) 5,000 Total35,000 pounds Cost per equivalent unit = $840,000 ? 35,000 pounds = $24 per pound E8. [LO 3, 4]. Let X = the cost in beginning work in process Material: ($250,000 + X) ? (40,000 + 10,000) = $6 X = $50,000 Labor: ($120,000 + X) ? (40,000 + 3,000) = $3 X = $9,000 Overhead: ($160,000 + X) ? (40,000 + 3,000) = $4 X = $12,000 E9. [LO 2]. The denominator is equal to units completed plus equivalent units in ending work in process. Material Units completed 2,000 Equivalent units in ending work in process (500 ( 0. 90) 450 Total2,450 Labor Units completed2,000 Equivalent units in ending work in process (500 ( 0. 50) 250 Total2,250 E10. [LO 2, 3, 4]. a. Cost per equivalent unit for material is $6. 00. Material cost in items completed is $222,000. Therefore, the number of completed units is 37,000 (i. e. , $222,000 ? $6. 00). Units in beginning work in process2,000 Units started in July40,000 Units to account for42,000 cans Units completed37,000 Units in ending work in process? Total units accounted for42,000 This implies that 5,000 units are in ending work in process. b. Cost of ending work in process is $8,750 as follows: Material (. 25 ( 5,000 units ( $6. 00)$7,500 Labor and overhead (. 1 ( 5,000 units ( $2. 50) 1,250 Ending work in process$8,750 E11. [LO 2, 3, 4]. Ending Work in Process Material (900 ( 1. 0 ( $0. 70)$630 Labor and overhead (900 ( . 75 ( $0. 80) 540 Total$1,170 Cost of Items Completed Material (4,500 ( $0. 70)$3,150 Labor and overhead (4,500 ( $0. 80) 3,600 Total$6,750 E12. [LO 2, 3, 4]. Ending Work in Process Material (10 ( . 85 ( $2,000)$ 17,000 Labor (10 ( . 70 ( $750)5,250 Overhead (10 ( . 70 ( $1,500) 10,500 Total$32,750 Cost of Items Completed Material (95 ( $2,000)$190,000 Labor (95 ( $750)71,250 Overhead (95 ( $1,500) 142,500 Total$403,750 E13. [LO 2, 3, 4]. a. Material: Cost in beginning work in process$ 25,000 Cost incurred during the period 421,970 Total$446,970 Conversion costs: Cost in beginning work in process$ 13,000 Cost incurred during the period 394,880 Total$407,880 Equivalent units in ending work in process: Material (3,000 units ( . 85)2,550 Conversion costs (3,000 ( . 45)1,350 Cost per equivalent unit for material: $446,970 ? (45,000 + 2,550)$9. 40 Cost per equivalent unit for conversion costs: $407,880 ? (45,000 + 1,350) 8. 80 Total cost per equivalent units$18. 20 b. Cost of items completed in November: 45,000 units ( $18. 20$819,000 c. Cost of ending work in process: Material cost (2,550 ( $9. 40)$23,970 Conversion cost (1,350 ( $8. 80) 11,880 Total cost of ending work in process$35,850 E14. [LO 2, 3]. Units in beginning WIP |40,000 | |Units started during June |500,000 | |Units to account for |540,000 | |Less: Units in ending WIP |(30,000) | |Units Completed |510,000 | Equivalent Unit Calculation UnitsMaterialLaborOverhead Units completed510,000510,000510,000 Equivalent units Ending WIP (100% material, 5% conversion costs) 30,000 22,500 22,500 Total540,000532,500532,500 E15. [LO 2]. |Units in beg. WIP |2,200,000 | |Units started during Ju ne | 750,000 | |Units to account for |2,950,000 | |Less: Units in Ending WIP | (230,000) | |Units Completed |2,720,000 | Equivalent Unit Calculation UnitsMaterialConversion Units completed2,720,000 2,720,000 Equivalent units Ending WIP (100% material, 60% conversion costs) 230,000 138,000 Total2,950,0002,858,000 E16. [LO 1, 2]. |Units in beg. WIP |40,000 | |Units started during June |190,000 | |Units to account for |230,000 | |Less: Units in Ending WIP |(50,000) | |Units Completed |180,000 | Equivalent Unit Calculation UnitsMaterialConversion Units completed180,000180,000 Equivalent units ending WIP (80% material, 45% conversion costs) 40,000 22,500 Total220,000202,500 E17. [LO 2, 3]. Cost per Equivalent Unit Calculation MaterialConversionTotal Cost Beginning WIP$ 46,000$ 43,000$ 89,000 Cost incurred during Sept. 180,000 250,000 430,000 Total$226,000$293,000$519,000 Equivalent units14,00012,200 Cost per equivalent unit$16. 14$24. 02$40. 16 E18. Incremental Analysis. The sales price should be lowered because the total net income increases by $5,000 over the current level. Units sold 112,000 Direct material $ 28,000 Direct labor 112,000 Manufacturing overhead 200,000 Total cost$340,000 Profit is $80,000 [(112,000 x $3. 75) $340,000] New profit $ 80,000 Current profit 75,000 Incremental profit$ 5,000 PROBLEMS P1. [LO 3, 4]. a. The company started the month with 10,000 units and 105,000 units were entered into production. Thus, the company must account for 115,000 units. At the end of the month, the company had 5,000 units in ending work in process. This implies that 110,000 units were completed (115,000 5,000). The denominators for the calculations of cost per equivalent are: Units Equivalent Units Completedin Ending WIPTotal Material110,0005,000115,000 Labor110,0003,500113,500 Overhead110,0003,500113,500 Beginning WIPCost AddedTotalDenominatorCost per EU Material$4,000$76,500$80,500115,000$0. 70 Labor 2008,8809,080113,5000. 08 Overhead 300 9,915 10,215113,500 0. 09 Total$4,500$95,295$99,795$0. 87 b. Cost of items completed in May is $95,700: 110,000 units ( $0. 87 = $95,700 Cost of items in ending work in process: Material (5,000 equivalent units ( $0. 70)$3,500 Labor (3,500 equivalent units ( $0. 08)280 Overhead (3,500 equivalent units ( $0. 09) 315 Total$4,095 c. Beginning work in process$ 4,500 Cost added 95,295 Total$99,795 Cost of items completed$95,700 Cost of ending WIP 4,095 Total$99,795 P2. [LO 3, 4]. a. The company started the month with 500 units and 2,700 units were entered into production. Thus, the company must account for 3,200 units. At the end of the month, the company had 600 units in ending work in process. This implies that 2,600 units were completed (3,200 600). The denominators for the calculations of cost per equivalent are: Units Equivalent Units Completedin Ending WIPTotal Material2,6004203,020 Labor2,6003602,960 Overhead2,6003602,960 BeginningCost per WIPCost AddedTotalDenominatorEU Material$ 45,000$ 269,080$ 314,0803,020$104 Labor 11,00077,80088,8002,96030 Overhead 80,000 497,200 577,2002,960 195 Total$136,000$844,080$980,080$329 b. Cost of items completed in August is $855,400: 2,600 units ( $329 = $855,400 Cost of items in ending work in process: Material (420 equivalent units ( $104)$ 43,680 Labor (360 equivalent units ( $30)10,800 Overhead (360 equivalent units ( $195) 70,200 Total$124,680 c. Beginning work in process$136,000 Cost added 844,080 Total$980,080 Cost of items completed$855,400 Cost of ending WIP 124,680 Total$980,080 P3. [LO 2, 3, 4, 5]. a. Kao Tiles, Inc—October Unit Reconciliation Units in beg. WIP (65% material, 35% conversion costs)5,000 Units started during6,000 Units to account for11,000 Units completed4,000* Units in ending WIP (75% material, 50% conversion costs)7,000 Units accounted for11,000 *Computed as 11,000 7,000 = 4,000. Cost per Equivalent Unit Calculation MaterialLabor OverheadTotal Cost Beginning WIP$170,000$160,000$ 50,000$ 380,000 Cost incurred during Oct. 422,000 1,055,000 107,500 1,584,500 Total$592,000$1,215,000$157,500$1,964,500 Units Units completed4,0004,0004,000 Equivalent units Ending WIP (75% material, 50% conversion cost) 5,2503,5003,500 Total9,2507,5007,500 Cost per equivalent unit$64$162$21$247 Cost Reconciliation Total cost to account for $1,964,500 Cost of completed units (4,000 units ( $247) $ 988,000 Cost of ending WIP Material (5,250 equivalent units ( $64)$336,000 Labor (3,500 equivalent units ( $162)567,000 Overhead (3,500 equivalent units ( $21) 73,500 976,500 Total cost accounted for$1,964,500 b. Finished Goods Inventory988,000 Work in Process Inventory988,000 P4. [LO 2, 3, 4, 5]. Aussie Yarn Company—August Unit Reconciliation Units in beg. WIP ((100% material, 70% conversion costs)6,000 Units started during29,000 Units to account for35,000 Units completed30,000* Units in ending WIP (100% material, 50% conversion costs) 5,000 Units accounted for35,000 *Computed as 35,000 5,000 = 30,000. Cost per Equivalent Unit Calculation MaterialLabor OverheadTotal Cost Beginning WIP$ 5,000$ 1,300$ 1,800$ 8,100 Cost incurred during August 26,500 12,350 14,450 53,300 Total$31,500$13,650$16,250$61,400 Units Units completed30,00030,00030,000 Equivalent units, ending WIP 5,000 2,500 2,500 Total35,00032,50032,500 Cost per equivalent unit$0. 90$0. 42$0. 50$1. 82 Cost Reconciliation Total cost to account for $61,400 Cost of completed units (30,000 units ( $1. 82) $54,600 Cost of ending WIP Material (5,000 equivalent units ( $0. 90)$4,500 Labor (2,500 equivalent units ( $0. 42)1,050 Overhead (2,500 equivalent units ( $0. 50) 1,250 6,800 Total cost accounted for$61,400 P5. [LO 1]. a. Work in process, dept. 175,000 Material inventory75,000 To record material used in department 1 Work in process, dept. 215,000 Material inventory15,000 To record material used in department 2 b. Work in process, dept. 140,000 Wages payable40,000 To record labor in department 1 Work in process, dept. 250,000 Wages payable50,000 To record labor in department 2 c. Work in process, dept. 1220,000 Manufacturing overhead220,000 To record overhead applied in department 1 Work in process, dept. 2100,000 Manufacturing overhead100,000 To record overhead applied in department 2 d. Work in process, dept. 2359,000 Work in process, dept. 1359,000 To record cost of units transferred from department 1 to department 2 Note: This includes all beginning costs and costs incurred, since there isno ending work in process in this department (24,000 + 75,000 + 40,000+ 220,000). Finished goods inventory538,000 Work in process, dept. 2 538,000 To record cost units completed and transferred to finished goods. Note: 44,000 + 15,000 + 50,000 + 100,000 + 359,000 – 30,000 = 538,000. P6. [LO 1]. a. Work in process45,000 Material inventory45,000 To record material used in production b. Work in process16,875 Wages payable16,875 To record labor c. Work in process50,625 Manufacturing overhead50,625 To record overhead applied d. Finished goods inventory112,500 Work in process112,500 To record cost of units completed e. Cost of goods sold112,500 Finished goods inventory112,500 To record cost of units sold P7. [LO 2, 3, 4, 5]. a. 200 b. 2,500 c. 200 d. 140 e. 140 f. 2,500 g. 2,440 h. 2,440 i. 1. 84 j. 5. 25 k. 10. 75 l. 17. 84 P8. [LO 2, 3, 4, 5] Step 1. Cost per equivalent unit = 1. 70 + 1. 32 + 2. 64 = 5. 6 Cost of completed items (given) = $2,886,600 Cost per equivalent unit = $5. 66 Therefore, the number of completed units = $2,886,600 ? 5. 66 = 510,000 Step 2. Units in ending WIP (given)4,000 Add number of completed units 510,000 Units accounted for 514,000 Step 3. Units to account for = units accounted for 514,000 Less units in beginning WIP (given) 8,000 Units st arted during December506,000 Step 4. Equivalent units, ending WIP: Material (4,000 ( 100%)4,000 Labor (4,000 ( 20%) 800 Overhead (4,000 ( 20%)800 Step 5. Units completed (calculated above)510,000 Total units for cost per equivalent unit calculation: Material = 510,000 + 4,000514,000 Labor and Overhead = 510,000 + 800510,800 Step 6. Total cost in cost per equivalent unit calculation: Material = 514,000 ( $1. 70$873,800 Labor = 510,800 ( 1. 32$674,256 Overhead = 510,800 ( 2. 64$1,348,512 Step 7. Cost incurred in December: Material = $873,800 – 45,200 $828,600 Labor = $674,256 – 10,500 $663,756 Overhead = $1,348,512 ? 26,300 $1,322,212 Step 8. Cost Reconciliation: Total cost to account for $2,896,568 Cost of completed units (510,000 ( $5. 66)$2,886,600 Cost of Ending WIP Materials (4,000 ( $1. 70)$6,800 Labor (800 ( $1. 32) 1,056 Overhead (800 ( $2. 64) 2,112 9,968 Total cost accounted for:$2,896,568 P9. [LO 2, 3, 4, 5]. Mixing Department, Simply Shine Shampoo—March Unit Reconciliation Units in beg. WIP (100% material, 90% conversion costs)15,000 Units started during660,000 Units to account for675,000 Units completed645,000* Units in ending WIP (100% material, 70% conversion costs) 30,000 Units accounted for675,000 *Computed as 675,000 ? 30,000 = 645,000. Cost per Equivalent Unit Calculation MaterialLabor OverheadTotal Cost Beginning WIP$ 8,500$ 1,200$ 2,500$ 12,200 Cost incurred during March254,750 78,720 130,700 464,170 Total$263,250$79,920$133,200$476,370 Units Units completed645,000645,000645,000 Equivalent units, ending WIP 30,000 21,000 21,000 Total675,000666,000666,000 Cost per equivalent unit$0. 39$0. 12$0. 20$0. 71 Cost Reconciliation Total cost to account for $476,370 Cost of completed units (645,000 units ( $0. 71) $ 457,950 Cost of ending WIP Material (30,000 equivalent units ( $. 39)$11,700 Labor (21,000 equivalent units ( $. 12)2,520 Overhead (21,000 equivalent units ( $. 20) 4,200 18,420 Total cost accounted for$476,370 Packing Department, Simply Shine Shampoo—March Unit Reconciliation Units in Beg. WIP (60% material, 50% conversion costs)14,500 Units started during645,000 Units to account for659,500 Units completed624,500* Units in ending WIP (80% material, 60% conversion costs) 35,000 Units accounted for659,500 *Computed as 659,500 ? 35,000 = 624,500. Cost per Equivalent Unit Calculation MaterialLaborOverheadTrans. InTotal Cost Beginning WIP$ 925$ 60$ 115$ 3,805$ 4,905 Cost incurred during Mar. 85,700 11,350 17,000 457,950 572,000 Total$86,62511,410$17,115$461,755$576,905 Units Units completed624,500624,500624,500624,500 Equivalent units, ending WIP 28,000 21,000 21,000 35,000 Total652,500645,500645,500659,500 Cost per equivalent unit $0. 1328$0. 0177$0. 0265$0. 7002 $0. 8772 Cost Reconciliation Total cost to account for $576,905 Cost of completed units (624,500 units ( $0. 8772) $ 547,811 Cost of ending WIP Material (28,000 equivalent units ( $. 1328)$3,718 Labor (21,000 equivalent units ( $. 0177)372 Overhead (21,000 equivalent units ( $. 0265)557 Trans. in (35,000 equivalent units ( $. 7002) 24,507 29,154 Total cost accounted for$576,965 (Note: Difference of $60 due to rounding. ) P10. [LO 2, 3, 4, 5]. Mixing Department, Carnival Caramel Company—March Unit Reconciliation Units in beg. WIP (100% material, 70% conversion costs)3,000 Units started during45,000 Units to account for48,000 Units completed46,000* Units in ending WIP (100% material, 50% conversion costs) 2,000 Units accounted for48,000 *Computed as 48,000 ? 2,000 = 46,000. Cost per Equivalent Unit Calculation MaterialLabor OverheadTotal Cost Beginning WIP$ 4,000$ 1,600$ 1,900$ 7,500 Cost incurred during March 45,440 23,310 25,830 94,580 Total$49,440$24,910$27,730$102,080 Units Units completed46,00046,00046,000 Equivalent units, ending WIP 2,000 1,000 1,000 Total48,00047,00047,000 Cost per equivalent unit$1. 3$0. 53$0. 59$2. 15 Cost Reconciliation Total cost to account for $102,080 Cost of completed units (46,000 units ( $2. 15) $98,900 Cost of ending WIP Material (2,000 equivalent units ( $1. 03)$2,060 Labor (1,000 equivalent units ( $. 53)530 Overhead (1,000 equivalent units ( $. 59) 590 3,180 Total cost accounted for$102,080 Shaping Department, Carnival Caramel Company—March Unit Reconciliation U nits in beg. WIP (80% conversion costs)4,000 Units started during46,000 Units to account for50,000 Units completed49,000* Units in ending WIP (60% conversion costs) 1,000 Units accounted for50,000 Computed as 50,000 – 1,000 = 49,000. Cost per Equivalent Unit Calculation MaterialLabor OverheadTrans. InTotal Cost Beginning WIP—$ 800$ 600$ 4,420$ 5,820 Cost incurred during March— 13,584 9,32098,900 121,804 Total—$14,384$9,920$103,320$127,624 Units Units completed49,00049,00049,000 Equivalent units, ending WIP 600 600 1,000 Total49,60049,60050,000 Cost per equivalent unit$0. 29$0. 20 $2. 07 $2. 56 Cost Reconciliation Total cost to account for $127,624 Cost of completed units (49,000 units ( $2. 56) $ 125,440 Cost of ending WIP Material$ 0 Labor (600 equivalent units ( $. 9)174 Overhead (600 equivalent units ( $. 20)120 Trans. in (1,000 equivalent units ( $2. 07)2,070 2,364 Total cost accounted for$127,804 (Note: Difference due to rounding. ) P11. [LO 3, 4, 5] . Blending Department, Tropical Sun Ltd. —May Unit Reconciliation Units in beg. WIP (80% material, 55% conversion costs)7,000 Units started during 97,000 Units to account for104,000 Units completed and transferred to bottling91,000 Units in ending WIP (65% material, 20% conversion costs) 13,000 Units accounted for104,000 *Computed as 48,000 ? 2,000 = 46,000. Cost per Equivalent Unit Calculation MaterialConversionTotal Cost Beginning WIP$ 6,900$ 8,000$ 14,900 Cost incurred during March 106,473 143,632 250,105 Total$113,373$151,632$265,005 Units Units completed and trans. out91,00091,000 Equivalent units, ending WIP 8,450 2,600 Total99,45093,600 Cost per equivalent unit$1. 14$1. 62$2. 76 Cost Reconciliation Total cost to account for $265,005 Cost of units trans. out (91,000 units ( $2. 76) $251,160 Cost of ending WIP Material (8,450 equivalent units ( $1. 14)$9,633 Conversion costs (2,600 equivalent units ( $1. 62)4,212 13,845 Total cost accounted for$265,005 P12. [LO 2, 3, 4, 5]. a. Cost incurred in January: Material = $295,000 + 750,000 + 490,250$1,535,250 Labor = $162,500 $162,500 Overhead = ($162,500 ? 25) ( $70 $455,000 Total cost of material: $1,535,250 Total cost of conversion (162,500 + 455,000): $617,500 b. MaterialConversion Total Cost Beginning WIP$ 255,000 $ 65,000$ 320,000 Cost incurred during Jan. 1,535,250 617,500 2,152,750 Total$1,790,250$682,500 $2,472,750 Units Units completed 29,000 29,000 Equivalent units (55% conversion costs) ending WIP 9,500 5,225 Total equivalent units 38,500 34,225 Cost per equivalent unit$46. 50$19. 94$66. 44 Cost of goods completed during Jan. = 29,000 ( $66. 44 = $1,926,760 . | |Materials |Conversion |Total | |Ending work in process inventory: | | | | |Equivalent units of production (materials: 9,500 units ? 100% complete; |9,500 |5,225 | | |conversion: 9,500 units ? 55% complete) | | | | |Cost per equivalent unit |$ 46. 50 |$ 19. 4 | | |Cost of ending work in process inventory |$441,750 |$104,187 |$545,937 | P13. [LO 2, 3, 4, 5]. a. Unit Rec onciliation Units in beginning WIP (40% complete)400 Units started during1,000 Units to account for1,400 Units completed1,150* Units in ending WIP (80% complete) 250 Units accounted for1,400 *Computed as 1,400 250 = 1,150. b. Cost per Equivalent Unit Calculation LaborOverhead Total Cost Beginning WIP$36,000 $6,000 $42,000 Cost incurred during March 102,780 49,000 151,780 Total$138,780$55,000 $193,780 Units Units completed 1,1501,150 Equivalent units ending WIP (80% complete) 200 200 Total equivalent units1,350 1,350 Cost per equivalent unit$102. 80$40. 74$143. 54 c. 1,150 ? $143. 54 = $165,071 d. 200 ? $143. 54= 28,708 $193,779 P14. [LO 2, 3, 4, 5]. Unit Reconciliation Units in beg. WIP (100% material, 40% conversion costs)7,000 Units started during 31,000 Units to account for38,000 Units completed32,000* Units in ending WIP (100% material, 60% conversion costs) 6,000 Units accounted for38,000 *Computed as 38,000 ? 6,000 = 32,000. Cost per Equivalent Unit Calculation MaterialLabor OverheadTotal Cost Beginning WIP$7,500$3,400$ 2,200$ 13,100 Cost incurred during July 33,160 10,484 17,024 60,668 Total$40,660$13,884$19,224$73,768 Units Units completed32,00032,00032,000 Equivalent units (60% conversion cost), ending WIP6,0003,6003,600 Total38,000 35,60035,600 Cost per equivalent unit$1. 07$0. 39 $0. 54$2. 00 Cost Reconciliation Total cost to account for $73,768 Cost of completed units (32,000 units ( $2. 00) $ 64,000 Cost of ending WIP Material (6,000 equivalent units ( $1. 07)$6,420 Labor (3,600 equivalent units ( $0. 39) 1,404 Overhead (3,600 equivalent units ( $0. 54) 1,944 9,768 Total cost accounted for$73,768 P15. [LO 2, 3, 4, 5]. a. Unit Reconciliation Units in beg. WIP (100% material, 70% conversion costs)7,000 Units started during83,000 Units to account for90,000 Units completed88,000* Units in ending WIP (100% material, 80% conversion costs) 2,000 Units accounted for90,000 *Computed as 90,000 – 2,000 = 88,000. Cost per Equivalent Unit Calculation MaterialLabor OverheadTotal Cost Beginning WIP$3,000$300$ 200$ 3,500 Cost incurred during Sept. 71,700 7,764 8,760 88,224 Total$74,700$8,064$8,960$91,724 Units Units completed88,00088,00088,000 Equivalent units ending WIP (80% conversion cost)2,0001,6001,600 Total90,000 89,60089,600 Cost per equivalent unit$0. 83$0. 09 $0. 10$1. 02 b. Cost of goods completed during May = 88,000 ( $1. 02 = $89,760 Cost of WIP remaining on May 31: Material (2,000 ( $0. 83) $1,660 Labor (1,600 ( 0. 09) 144 Conversion (1,600( $0. 10) 160 Total $1,964 c. Cost Reconciliation Total cost to account for $91,724 Cost of completed units (88,000 units ( $1. 02) $89,760 Cost of ending WIP 1,964 Total cost accounted for $91,724 P16. [LO 2, 3, 4, 5]. a. Compute Equivalent Units Material Conversion Units completed110,000110,000 Equivalent units (45% conversion cost), ending WIP 20,000 9,000 Total 130,000119,000 . Cost per Equivalent Unit Calculation MaterialConversionTotal Cost Beginning WIP$ 42,000 $ 340,300$ 382,300 Cost incurred during May 86,700 733,080 819,780 Total$128,700$1,073,380 $1,202,080 Equivalent units130,000119,000 Cost per equivalent unit$0. 99$9. 02$10. 01 c. Cost of goods completed during May = 110,000 ( $10. 01 = $1,101,100 d. Cost of WIP remaining on May 31: Material (20,000 ( $0. 99)$ 19,800 Conversion (9,000( $9. 02) 81,180 Total $100,980 e. Finished Goods Inventory1,101,100 Work in Process Inventory1,101,100 P17. [LO 1]. a. Work in process 144,375 Material inventory144,375 $1. 75 ( 55% ( 150,000 = 144,375) To record material used in production b. Work in process65,625 Wages payable65,625 ($1. 75 ( 25% ( 150,000 = 65,625) To record labor c. Work in process52,500 Manufacturing overhead52,500 ($1. 75 ( 20% ( 150,000 = 52,500) To record overhead applied d. Finished goods inventory262,500 Work in process262,500 (144,375 + 65,625 + 52,500 = 262,500) To record cost of units completed e. Cost of goods sold262,500 Finished goods inventory262,500 To record cost of units sold P18. You get what you measure. a. Equivalent cost per unit will be $0. 45 if production is increased to 350,000 units. Units produced 350,000 Direct material$ 17,500 (350,000 x $0. 05) Direct labor 35,000 (350,000 x $0. 10) Manufacturing overhead 105,000 Total cost$157,500 Equivalent cost per unit $0. 45 ($157,500 ? 350,000) b. Increasing the level of production from 300,000 units to 350,000 units would reduce the cost per unit to $0. 45. But, if sales stay at 300,000 units it would also increase inventory levels. The increase of 50,000 units would increase total costs by $22,500 (50,000 x $0. 45). Overall costs would increase not decrease even though gross margin per unit would look better for Jim. This is not a good idea for the company as a whole. Case 3-1, LO 1, 3, 4 TECH-TONIC SPORTS DRINK Summary Company is considering alternative accounting treatments for the cost of lost units. †¢Introduces the topic of lost units without the need for complex calculations. †¢Brings up the idea that management may select a specific accounting treatment to manage earnings. Questions to ask students 1. What is the situation facing the Western Beverage Company and their product Tech-Tonic Sports Drink Syrup? 2. What is the difference in reported profit for the month of April between the two approaches? . Which approach is most appropriate from a conceptual standpoint? 4. Which method will be favored by senior managers at Western Beverage? Discussion I begin the discussion by asking a student to summarize the situation facing Western Beverage. In April, this company had 300,000 spoiled (lost) units, and the company is considering two ways to treat the cost of the spoiled units. One approach is to â€Å"bury† the cost in the cost of units completed and the cost of units in process. The second approach is to calculate the cost of the spoiled units and charge this cost to cost of goods sold in April. What is the difference in reported profit for the month of April between the two approaches? Recall that 80% of the units completed were sold. Thus, 80% of the cost of units completed will be charged to cost of goods sold. This holds for both methods 1 and 2. In addition, under method 2, cost of goods sold will be increased by the charge for lost units ($879,000). Thus, the difference is $255,000 higher cost of goods sold (lower income from operations) with method 2. Method 1 (80% of cost of units completed (80% of $1,659,000)$1,327,200 Method 2 (80% of cost of units completed (80% of $879,000)$ 703,200 Plus cost of lost units 879,000 Total$1,582,200 Excess cost of goods sold under method 2$ 255,000 Which approach is most appropriate from a conceptual standpoint? The fact that the cost of the lost units does not benefit future periods suggests that the entire cost of the lost units should be expensed in April as per method 2. Which method will be favored by Senior managers at Western Beverage? This depends on the specifics of their bonus agreement. Suppose that with method 1, they will be below target earnings by $200,000. In this case they may strongly support method 2 which will let them â€Å"earn† their bonuses. However, suppose that they are already above target earnings even with method 1. In this case, they may favor method 2 since this method will make it easier to achieve the target next month (because ending Finished Goods Inventory is lower in April, Cost of Goods Sold will be lower in May with method 2). Case 3-2, LO 1, 2, 3 JENSEN PVC, INC. Summary Company is considering lowering its price below current cost per unit. †¢Relates information produced by a process costing system to decision making. †¢Brings up the important concept of incremental analysis. Questions to ask students 1. What is the situation facing Jensen PVC? . Would decreasing the price be a good decision? Discussion I begin the discussion by asking a student to summarize the situation facing Jensen PVC. The company produces PVC irrigation pipe and, due to weak crop prices, farmers are cutting back on irrigation projects. With the reduction in output, cost per unit ($0. 40 per foot) has increased to the point where it exceeds the current selling price ($0. 39 per foot). The next question to ask is â€Å"Does decreasing the price below current unit cost make sense? † Hopefully, a student will answer yes and take the class through the following incremental analysis. Old revenue $0. 39 ? 6,500,000 feet$2,535,000 New revenue $0. 35 ? 15,000,000 5,250,000 Incremental revenue$2,715,000 Less incremental cost 9,000,000 extra feet ? $0. 15 for material labor* 1,350,000 Incremental profit associated with decreasing price$1,365,000 * Material and labor = $0. 30 ? $0. 15 = $0. 15 in 2011 or $0. 40 ? $0. 25 = $0. 15 in 2012. Some students may argue that decreasing the price today may make future price increases more difficult. However, I’d argue that the company is having a very serious problem today and may not survive in the future unless the current price is re-calculated.

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Technology advancement through the years have changed people’s lives and opened new horizons. Technology is fast paced and it is becoming more advanced and sophisticated day by day. Game design and production is a fast paced, hit-driven, technology-based field. Hardware used in game consoles and personal computers continues to improve, getting faster and cheaper at a dizzying pace. This new project with increases the computational resources, and a long list of cool features they liked to incorporate. As it is widely reported across many media, computer and video games are increasingly popular. The computer is one of the toolsused in the upgrading of our technology which is one of the products of high-quality technologies. Information technology plays a big role in economic growth and development worldwide. Computer innovations are rampant but it is not only the hardware component that keeps pace with the fast changing technology, but also the software that underlies it. We will write a custom essay sample on The one or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Now, mobile games are part of rapidly evolving mobile technology. Users become interested of the aid of mobile graphics, which are used to create design and mobile animation. Many individuals are fond of playing mobile games to spend their free time. Android is a fast emerging platform for cell growth and have a really fast rising mobile market; this raises the bar as one needs to be technically sound and imaginatively progressive to seize some of its share. Every single day, everyone sees new and fresh innovative ways on how an organization can make it big by the social media markets. Project Context Android is a fast emerging platform for cell growth and have a really fast rising mobile market; this raises the bar as one needs to be technically sound and imaginatively progressive to seize some of its share. Every single day, everyone sees new and fresh innovative ways on how an organization can make it big by the social media markets. The game will be supported by an android OS that can give knowledge and enjoyment to the users. This game entitled â€Å"Aquatic Quest: An Edutainment Android Game† it will be develops not only to entertain but also to test the intellectual ability of user. Purpose and Description The proposed study introduced a platform which can be used in developing a game. The development of this game provides proofs on the efficiency of using the Android OS, and it serve as an entertainment yet an educational tool, for the players. Aside from fun and entertainment, studies say that playing this kind of game can give anti-aging benefits. Solving a game problem can exercise the player’s mind. This game can help enhance and test the scheme in terms of word gathering. This also teaches young individuals to become a computer literate and help them to improve their concentration. To the developers, this study enhanced their activity and programming skills using Java Language in developing a mobile game. In the entire development of the game, the developers elaborated every aspects of the study such as design, game play, and interface as well as the software documentations. Furthermore, this study would help the researchers to their future endeavors in the real world-that is outside the school, after their graduation. To the gamers, this mobile game does not isolate from social contact but promotes social interactions. Playing this game develops the learning process in a form of leisure that is entertaining. To the future developers, this study could serve as an additional reference for those who are interested to develop a mobile game and as a guide for other researchers engaging the same topic. This study can improve the new perceptions of an open platform accessible for carriers and establish an open platform for developers to build innovative mobile applications. But the main beneficiaries of the study are the students, teachers, and researchers as they are provided with pleasant and new kind of technology in mobile activities. Objectives of the Study The general objective of this study is to develop an Educational Game for Android OS. The following are the specific objectives: To study existing games related to marine life. To develop an android game that is educational, enjoying and entertaining. To test and evaluate the functionality of the developed game as to its: Game Play Game story Game Mechanics Game Usability Conceptual Framework Figure 1 IPO of the Current System Figure 1 shows the Conceptual Framework of the proposed game. The Input shows where to begin the game. At the process the game starts and you should beware of destruction and earn points. As the product, it display the high score and start again. Scope and Limitations of the Study This proposed study focus mainly in developing a game using Android OS. The developers used Android OS because it is very in demand in the market. Using this OS is very effective for the developer objectives. The game developed to promote a quick thinking, fast analysis, hand-eye coordination and motor skills. The game is platform game type which deals with different platform and obstacle to encounter in each level. The game is made available only for mobile devices which uses the Android platform. Aquatic Quest was designed into 2d computer graphics. The game application used Java as the programming language, Eclipse as the software development environment, Java and android as the development kits and the Adobe Fireworks as the graphics editor. The game is designed to run on Android devices with version 2. 3 (Gingerbread) or higher. The screen resolution should be 1024 x 600 pixels; the game features are limited on the performance based of the capability of the tablet and its specification to have this game available for the users. The game can only played by a single player and It is non-network game. Definition of Terms In designing and developing the proposed system, the researcher was able to identify some terminologies that may be useful in order for the client to understand some of the terms that are used here. Technical Terms Technical Terms of the study are the following: Adventure Game- It is a computer-based game in which the player assumes the role of the character in an interactive story driven by exploration and puzzle-solving instead of physical challenge. The genres focus on story allows it to draw heavily from other narrative-based media such as literature and film, encompassing a wide variety of literary genres(Buzzle, 2012). Educational Game-It is game that had been designed to teach people about a certain subject, expand concept, reinforced the development, understand an historical event or culture, or assist them in learning a skill as the user play. It serves as educational tool for the user (Galoor, 2012). In this study, the game is said to be educational because of the word that the player must complete to pass to next stage. Edutainment- This term is created by the developers, part of the title of this study to emphasize that aside from being educational; it also gives entertainment to the user or player. Edu is the shortened term for educational and tainment for entertainment. Game- It is a structured or semi-structured activity, usually undertaken for enjoyment and sometimes used as an educational tool (Buzzle, 2012). IDE- (Integrated Development Environment) Itis a software application for software development (IDE, 2012). Map Editor -It is used to edit the maps of the game. We used Tiled Map Editor for designing the map. Single Player- It refers to the variant of a particular game where input from only one player is expected throughout the course of the gaming session. Touch Screen-It is typically found on larger displays, in phones with integrated PDA features. Most are designed to work with either your finger or a special stylus. Tapping a specific point on the display will activate the virtual button or feature displayed at that location on the display (Buzzle, 2012). User- It is the person who uses or plays the game. Undersea- It is the large area of saline water that composes a large part of a planet’s hydrosphere. It serves as the map of the game. CHAPTER II REVIEW OF RELATED LITERATURE AND STUDIES This chapter presents a discussion of the existing systems that motivates the developers in pursuing this study. It also covers the related literature and technical background related to study at hand. RELATED LITERATURE The researchers have searched the internet and have read several books to collect information needed to complete the related local and foreign literatures symmetrical to this study. Foreign Literature The game Treasure Ocean developed by flash arcade in 2006 A very exciting yet nice game, to pass to next level the player must collect all the treasures. An underwater photography is the only way to convince the government that new funds are needed. It was developed in java and one of the best ocean adventure game in that time. The game Fish Tales developed by BigFishgame in 2011 Meet sunny, a small fish vast ocean. Eat the fish smaller that yourself. It is so fun you must have eye and hand coordination to get to the next level. It also develop by the used of java. The game Sprill: Aqua Adventures Underwarter developed by MyPlayCity in 2011. The cat, the main hero, may be bored on the way so we decided to provide it with a funny assistant-a green fish which may be of a great help. A spectacular underwater game challenges you to gather coloured balls in threes to make them disappear. Be careful and don’t let the balls fill in all the playing field, or else you The Game 4 pics. And 1 word, a game created by LOTUM gmbh that is available in the adroid market, according to a blog , Its incredibly easy to get into 4 Pics 1 Word, with no instruction required. It quickly becomes addictive, 4 Pics 1 Word is a smooth, fun and well-designed game thats free to play and can offer hours upon hours of entertainment. With now millions of downloads in the Play Store, this game is certainly doing something right. Players of any age can get hours of entertainment out of this game, and the price is certainly right. One of the success of the game application 4 pics. And 1 word is that they bring a great enjoyment for the users/players who love to play trivial games. Just like 4 pics and 1 word the proponents wants to bring such experience from the proposed game application pics for a million. Local literatures Zeenoh games released and introduced Patintero Playtime in November of 2011. It is an IPhone and android game app patterned to the traditional Patintero street game that most Filipinos know how to play. Zeenoh purposely designed this app in order for Filipino children who forgot to play the game and also for those who unfortunately missed the chance of experiencing the game itself Patintero Playtime for†¦(GDAP, 2011). Patintero Playtime offers a unique gameplay , a 2 dimensional game, though the rules of the original Patintero games apply power ups and human vs. human play are some of its amusing features. With this to consider, Filipinos are now more than ready to take on markets like the IPhone app store and others alike. Sipa literally meaning â€Å"kick† in Filipino is one of Philippines’ many traditional games. It involves an object which is made out of rubber and washer sometimes a 5 centavo coin and a piece of candy wrapper. The objective of the game is to kick the object upwards as long as it takes without the object hitting the ground, the one who kicks the object the longest time wins. Since this game is widely played by Filipinos in their childhood days the developers of this game Team Buthchokoy were inspired to make â€Å"Sipa†, a mobile app to show their love for the game itself and to cater their nationalistic efforts in introducing Filipino culture to the global market. Sipa according to their main website â€Å"The inspiration here is not just to develop a mobile game but to prove and inspire other Filipinos that even with limited resources and know-how, one can create something if you put your heart and soul for it† Every Filipino is†¦( Butchokoy. com, 2011). Sipa also features different levels that show different landmarks found in the Philippine like the Luneta, University of the Philippines, Quiapo Church and Mt. Pulag. The game was featured in both television and on multiple sites and blogs, according to an interview by Tj Manotoc in TV Patrol one of Team Butchokoy’s leader Dale David â€Å"We developed this game most probably for them to be encouraged to play Sipa in the streets even sometimes(translated)† Larong ‘sipa’ patok†¦(ABS CBN News, 2012). Sipa is currently available in Apple’s App Store and in the Android Market as well. Tongits is a card game that originated in the Philippines. It involves players to pair up cards according to suites, the objective of the game is to take turns drawing a card from a deck and releasing a card from a player’s hand until the player’s hand is empty. Since the advent of Poker app games on Facebook, developers reach out to Filipinos and made Tongits Wars. There is also Tongits game available on Adobe Air which was developed by Rico Zuniga. The game can be downloaded as a trial version and is available for $15 for unlimited play. Zuniga also made the same game using C++ and is playable on mobile phones according to Zuniga An Open Source†¦( Zuniga,2011) â€Å"The biggest problem during those times was, you guessed it right, device fragmentation. Developers had to deal with different screen resolutions†. Even though the mobile game did not quite sell it led him eventually to develop Tongits in Adobe Air which became popular and sold to fans of the game. (Macutay, 2007) mentioned 2 games that are made by Filipino game developers. Anito: Defend a Land Enraged was released by Anino Games is an RPG game for PC and features 16th century Asia as its setting. The game won 2004 Role Playing Game of the Year in the 2004 Independent Games Festival. Another game that was developed by Filipinos was Terra Wars: NY Invasion released Ladyluck Digital Media. It is a first person shooter game that involves aliens as enemies. Unfortunately however for Terra Wars IGN had given them a 2 out of 10 review, according to IGN Terra Wars:†¦(Bitton, 2006) â€Å"Terra Wars is simply the latest addition to the horde of generic first person shooters available on the market today. Even though Terra Wars did not quite work for Ladyluck Digital Media but through the years they eventually worked with clients such as Activision, Ubisoft , Sony, EA and many more proving that Filipinos has already reached its potential in the field of game development. RELATED STUDIES This section presents the writing of different personalities conduct by the developers during their research, which have relevance to the present study. Local Studies The study of Agito, Cuevas, and Lago (2012) the Treasure Hunter 3D an educational game which is mind game. The developers came up with the title because it is a mind game with treasure seeking quest in 3D (three dimensional). The concept of the game is General Information and the setting is in the forest. The game concentrated on different aspects of learning. It aimed to help the users to enhance their ability and knowledge to play this game. Treasure Hunter 3D is developed using JavaScript, Adobe Photoshop as the images editor, while Unity and Auto Desk Maya is used in scripting and creating 3D objects. Both have used Adobe Photoshop for image editing and both are somewhat have the process if the game play. The thesis game developed by Borbon and Mendoza (2011), the Sassy Treasure Quest is an adventure type of game that was designed for touch mobile unit with a platform of Flash Lite 3. 0. The game has six stages and each stage has treasures, which are guarded by monster, which must be collected by the protagonist to clear the game. Movement are classified as up, down, left and right wherein interaction from the user corresponds on the four sides of the mobile unit’s screen. The player must guide â€Å"Sassy† through different places where she faces obstacles along the way to the treasure. The quest is non-turn based and the player can’t attack, throw spell, retreat or defend. Every stage adds extra point to Sassy’s stamina. The game keep has a very stylish art concept and can keep you entertained for a few good minutes. Both games are intended to get the safety box to pass on the next stage. And obtain the high Score. Sassy Treasure Quest use Macromedia Fireworks The study of Abel and Paglinawan (2007) entitled Herbarrio which is a fascinating adventure game where the town Herbarrio has been cursed by the evil spirit. The game made use of Filipino concept for uniqueness and used Netbeans Mobility Pack 5. 5 in developing a set of modular software components called modules, J2ME platform for configuration of Macromedia fireworks NX for designing the user interface. Map Editor is also used for the structure of the map which has the drag and drop tool features. Both games are adventurous type game and can give excitement to the players. This study also used Map Editor to create map for the game. The study of Capuz and Ortega (2007) The Adventure of Pedro Penduko that features three exciting levels and three environment to explore. The study considers the need to reinstate and promote Filipino Superhero. This is an amusement that facilities psychological health by relieving stress and depression. In this study, both games feature an excitement, alertness and strategic skills in playing it. The features of the game have the same objectives and that is to successfully complete each level. Both games can be installed in mobile devices and today tablet devices can serve as mobile devices. The thesis of Olimba, Reyes and Robles (2009), entitled Freaky Maze of Babel. This study targets to develop a mobile game intended to gain the interest and would entertain user. The game is consists of adventure in a form of a board and mini-games to add excite and fun factor. Movement of the main character is based on rolling the dice, the numbers on the dice will decide on how many steps or platform you will end up. Platforms or blocks will be the way in following the maze and each platform will generate or represent a mini-game that you must accomplish, the faster you finish the mini-games the faster you will gather treasures and gains its goal. Both games give excitement and entertainment it also gives strategy to finish the game. Moreover, these games also can be installed in mobile devices and today tablet devices can also serve as mobile devices. Foreign Studies The study of Rich Molloy and Pat Griffith (2005) entitled Voyage a round Catalina. This game provides a unique and fun way to learn an ancient topic. Playing VAC will compliment most nautical learning experiences, whether these are an organized courses or independent study. Learners are those interested in the objectives. While, anyone with some interest in learning nautical terms and navigational rules can play VAC, the game will be most fun for those who have some reason or context in which to learn the material (e. g. , learning to sail, thinking of buying a boat, own a boat but know little about subject matter, joining the Coast Guard or Navy, etc†¦). Both games provide fun and adventure, the ocean is serves as the map of the game. Both games use 2D graphics design with cool colors, object blending effects, and animated menus with drop shadows; they also require developers to get down and dirty with pixels, lines, curves, rectangles, polygons, and all kinds of other graphics primitive. The game Endless Ocean developed by Arika. The game boasts a large expansive ocean with 100 creatures to collect in the players’ aquarium. When the player is on the boat they can do one of several things, they can check up on seals, dolphins, boobys or penguins hanging around on the boat. The player can change the location of the boat via the steering wheel; the player can also teach one of their dolphin companion tricks by touching a fin/mouth and wiggling the Wii-mote at the screen. The player can also check email, skip time, and talk to the marine biologist who cant swim or listen to music while staring at the sky. But once the player dives the endlessness begins, the player can go anywhere once they are released down to dive within a certain large perimeter around the boat. They can also dive with a partner [dolphin], draw things with an underwater pen and pet fish. Most of the game is about petting fish and exploring the sea, every-time the user see an area while diving the area is drawn in on your map, while every-time the pet/rub a fish the fish is put as a sticker in a brown book in the cabin. The map of the games is both in the ocean, the proponents’ main character is a submarine. Both games feature an exciting, alertness and strategic skills in playing it. The features of the game have the same objectives and that is to successfully complete each level. Lepper, M. R. Gurtner, J (2000), states that prolonged and excessive use of these games can cause, mainly upon children, a number of physical and psychological problems which may include obsessive, addictive behaviour, dehumanization of the player, desensitizing of feelings, personality changes, hyperactivity learning disorders, premature maturing of children, psychomotor disorders, health problems (due to lack of exercise tendonitis), Development of anti-social behaviour and loss of free thinking and will. Anderson and Bushman (2001), found that across 54 independent tests of the relation between video game violence and aggression, involving 4262 participants, there appear to be five consistent results of playing games with violent contents. Playing violent games increase aggressive behaviors, increases aggressive cognitions, increases aggressive emotions, increases physiological arousal, and decreases pro-social behaviours. Since most electronic games are violent, children below legal ages are emotionally disturbed and caused several changes on their behaviour. John Kirriemuir (2009), Applications (android or iOS) are today an important part of most children’s leisure lives and increasingly an important part of our culture as a whole. We often, as adults, watch in amazement as children dedicate hours to acting as football coaches, designers of empires, controllers of robots, wizards and emperors. In the past, computer games have been dismissed as a distraction from more ‘worthy’ activities, such as homework or playing outside. Today, however, researchers, teachers and designers of learning resources are beginning to ask how this powerful new medium might be used to support children’s learning. Rather than shutting the door of the school against the computer game, there is now increasing interest in asking whether computer games or playing their tablets might be offering a powerful new resource to support learning in the information age. This review is intended as a timely introduction to current thinking about the role of mobile games in supporting children’s learning inside and out of school. It highlights the key areas of research in the field, in particular the increasing interest in pleasurable learning, learning through doing and learning through collaboration that games seem to offer. At the same time, the review takes a measured tone in acknowledging some of the obstacles and challenges to using games within our current education system and within our current models of learning. SYNTHESIS The related studies and literature that the researchers gathered are collected from various books, magazines, articles, journals, blogs and thesis from online research and library research. The information collected by the researchers is significantly related to the proposed study. The related studies and literature was created to help researchers properly understand and support the conclusion of the study. Android games extended its lead in the overall mobile phone market, as the competition is still up, developers developed many different games like adventure, racing, sport, strategy. Adventure game is very entertaining among them because of the excitement and the fun playing throughout the game. The thesis game developed by Borbon and Mendoza (2011), the Sassy Treasure Quest is an adventure type of game with similar goal of the researcher’s present study. The game has the same stages and each stage has treasures, which are guarded by monster, which must be collected by the protagonist to clear the game. In the proposed game Aquatic quest will have 10 stages and has treasure hunting in each level. Inside the treasures are letters and some are points. Collecting the letters of the given word of the map will complete the map and will proceed to the next level of the game, but it’s not that easy to finish the stage because destructions are all over each stages. Another similar study entitled: â€Å"Treasure Ocean† A very exciting yet nice game, with the same goal of collecting all the treasures to proceed to the next level of the game. Another game design Entitled: â€Å"Fish tale† developed by big Fish Game year 2011 that Meet sunny, a small fish vast ocean. Eat the fish smaller that yourself. It is so fun you must have eye and hand coordination to get to the next level. With the same purpose of searching a treasure to complete the game level. The above mentioned studies and literatures greatly contributed to the present study because they served as guide in the development of the Game (Aquatic Quest). The development between the researchers study and above mentioned is noticeable in terms of innovative ideas and process involved.

Understanding the Triarchic Theory of Intelligence

Understanding the Triarchic Theory of Intelligence The triarchic theory of intelligence proposes that there are three distinct types of intelligence: practical, distinct, and analytical. It was formulated by Robert J. Sternberg, a well-known psychologist whose research often focuses on human intelligence and creativity. The triarchic theory is comprised of three subtheories, each of which relates to a specific kind of intelligence: the contextual subtheory, which corresponds to practical intelligence, or the ability to successfully function in one’s environment; the experiential subtheory, which corresponds to creative intelligence, or the ability to deal with novel situations or issues; and the componential subtheory, which corresponds to analytical intelligence, or the ability to solve problems. Triarchic Theory of Intelligence Key Takeaways The triarchic theory of intelligence originated as an alternative to the concept of general intelligence factor, or g.  The theory, proposed by psychologist Robert J. Sternberg, contends that there are three types of intelligence: practical (the ability to get along in different contexts), creative (the ability go come up with new ideas), and analytical (the ability to evaluate information and solve problems).The theory is comprised of three subtheories: contextual, experiential, and componential. Each subtheory corresponds to one of the three proposed types of intelligence. Origins Sternberg  proposed his theory in 1985 as an alternative to the idea of the general intelligence factor. The general intelligence factor,  also known as  g, is what intelligence tests typically measure. It  refers only to â€Å"academic intelligence.† Sternberg argued that practical intelligence- a person’s ability to react and adapt to the world around them- as well as creativity are equally important when measuring an individuals overall intelligence.  He also argued that  intelligence isn’t fixed, but rather  comprises a set of abilities that can be developed.  Sternbergs assertions led to the creation of his theory.   Subtheories Sternberg broke his theory down into  the following  three subtheories: Contextual subtheory: The contextual subtheory says that intelligence is intertwined with the individual’s environment. Thus, intelligence is based on the way one functions in their everyday circumstances, including one’s ability to a) adapt to one’s environment, b) select the best environment for oneself, or c) shape the environment to better fit one’s needs and desires.Experiential subtheory: The experiential subtheory proposes that there is a continuum of experience from novel to automation to which intelligence can be applied. It’s at the extremes of this continuum that intelligence is best demonstrated. At the novel end of the spectrum, an individual is confronted with an unfamiliar task or situation and must come up with a way to deal with it. At the automation end of the spectrum, one has become familiar with a given task or situation and can now handle it with minimal thought.  Ã‚  Componential subtheory: The componential theory outlines t he various mechanisms that result in intelligence. According to Sternberg, this subtheory is comprised of three kinds of mental processes or components:Metacomponents enable us to monitor, control, and evaluate our mental processing, so that we can make decisions, solve problems, and create plans.Performance components are what enable us to take action on the plans and decisions arrived at by the metacomponents.Knowledge-acquisition components enable us to learn new information that will help us carry out our plans. Kinds of Intelligence Each subtheory reflects a particular kind of intelligence or ability: Practical intelligence:  Sternberg called one’s ability to successfully interact with the everyday world  practical intelligence. Practical intelligence is related to the contextual subtheory. Practically intelligent people are especially adept at behaving in successful ways  in their external environment.Creative intelligence:  The experiential subtheory is related to creative intelligence, which is one’s ability to use  existing knowledge to create new ways to handle new problems or cope in new situations.Analytical intelligence:  The componential subtheory is related to analytical intelligence, which is essentially academic  intelligence. Analytical intelligence is used to solve problems and is the kind of intelligence that is measured  by a standard IQ test Sternberg observed that all three kinds of intelligence are necessary for successful intelligence, which refers to  the ability to be successful in life based on one’s abilities, personal desires, and environment. Critiques There have been a number of critiques and challenges to Sternberg’s triarchic theory of intelligence over the years. For example,  educational psychologist  Linda  Gottfredson says  the theory  lacks a solid empirical basis, and observes that the data used to back up the theory is meager. In addition, some scholars argue that practical intelligence is redundant with the concept of job knowledge, a concept that is more robust and has been better researched. Finally, Sternberg’s own definitions and explanations of his terms and concepts have at times been imprecise. Sources Gottfredson, Linda S. â€Å"Dissecting practical intelligence theory: Its claims and evidence† Intelligence, vol. 31, no. 4, 2003, pp.343-397, https://doi.org/10.1016/S0160-2896(02)00085-5Meunier, John. â€Å"Practical Intelligence.† Human Intelligence, 2003. intelltheory.com/practicalintelligence.shtmlSchmidt, Frank L., and John E. Hunter. â€Å"Tacit Knowledge, Practical Intelligence, General Mental Ability, and Job Knowledge† Current Directions in Psychological Science, vol. 2, no. 1, 1993, pp. 8-9,  https://doi.org/10.1111/1467-8721.ep10770456Sternberg, Robert J. Beyond IQ: A Triarchic Theory of Human Intelligence. Cambridge University Press, 1985.Sternberg, Robert J. â€Å"The Theory of Successful Intelligence† Review of General Psychology, vol. 3, no. 4, 1999, 292-316, http://dx.doi.org/10.1037/1089-2680.3.4.292â€Å"Triarchic Theory of Intelligence.† Psychestudy, https://www.psychestudy.com/cognitive/intelligence/triarchic

3.Case Study Transformation at the Universal Manufacturers Group Coursework

3.Case Study Transformation at the Universal Manufacturers Group - Coursework Example The merger is expected to place the group at the same caliber with other competitive companies. The management hopes to reap the benefit accrued with economies of scale. Max Weber expounded on the classical theory and emphasized that there was no need of organization diversifying (Powell, 2003, p.42). In his line of thought, an organization can be successful so long as there are clear lines of authority and control. Weber gave credit on the importance of division of labor. Division of labor will enhance an organization productivity and cut-off some expenses. This however will result to the transformation of the entire human resource. The director of human resource director Mrs. Smithers is faced with challenges on how to transform the current human resource functions while still remain in focus with the organization’s vision, mission, goals, and objectives. UMG is facing two key problems in its human resource transformation. Since it wants to merge the three companies into one based in the newly located headquarter in Reading, England, human resource that was available will have to be downsized. The retrenchment of some employees will be the only way out in ensuring that UMG gets value for its resources. However, retrenchment of the employees should be done on a fair ground. Perhaps the best way to go about would be Mrs. Smithers sending circular to each department on the issue of downsizing, so that who are willing voluntarily to resign can be given the chance. Torrington, and Hall (1998, p.76), argued that proper procedures should always be in place on how to layoff, employees who voluntarily resigned and those who will be â€Å"forced† to resign. This is because if employees are not taken care during the retrenchment period this might have a negative reputation of an organization. Frederick Herzberg’s motivation-hygien e theory identifies job security as one of hygiene factor that will motivated the employees. Frederick

Make up a title Essay Example | Topics and Well Written Essays - 250 words

Make up a title - Essay Example By the wars end, Mexico lost almost half of its territory, the current American Southwest from Texas to California, and the United States emerged as a continental power. Austin was anxious to justify the contract, and bring a good number of families. As many unmarried persons, as well as young men, came to the colony. Austin also suggested the primary concern of them being in pairs, making an individual the head of a particular family.Thus, the two would obtain a family head right, and the family members will increase. The arrangement leads a fortunate result to all concerned. Early 1823, Austin returned to his colony. Then Austin stopped to ascertain the powers held by general captain of the northeastern internal provinces. In addition, to have it defined and structured in the form of Spanish, and Austin was declared to have full administrative powers to administer justice in the colony. Austin made defensive war against the Indians and commanded the militia with the rank of lieutenant colonel. Moreover, Austin was clothed with executive, legislative and judicial powers. In addition, Austin was required to give a report to the states governor, and responsible to the captain-general of the

Theories of Criminology and the Departed Essay Example for Free

Theories of Criminology and the Departed Essay Theories of Criminology and The Departed Martin Scorceses film, The Departed, gives a great depiction of contrasting theories of the origins of crime, and how they may be applied to each character. Each of the four major theories, Choice Theory, Trait Theory, Social Structure Theory, and Social Process Theory can be seen to be accurate at one or more points in the film, but the film ultimately advocates for Choice Theory. Each of the major characters has the opportunity to choose who they ultimately want to be. From the moment that the over-arching villain of the film, Frank Costello, is introduced it is apparent how he understand his place in the framework of things. He states, l dont want to be a product of my environment. I want my environment to be a product of me. In this one statement he refutes the effect of Social Structure and Social Process theories on himself, and advocates for Choice Theory. He has made the choice to become who he is, and to engage in criminal activities. He did not have it dictated to him because of his environment, or his exposure to criminal ctivities. It was a choice. This is contrasted with the two central figures in the film, undercover state police officer Billy Costigan, and Costellos mole on the inside of the state police, Colin Sullivan. Fresh out of the police academy Costigan is confronted not only with his past and upbringing, as a two parent, two accent, mixture of North shore and South Boston, but also with his family connections with South Boston organized crime through his fathers side of the family. He has the family traits to Justify his being nvolved in criminal activities, but lacked the poor upbringing (Social Structure) that could have been expected for someone with his connections. It isnt until he is sent undercover, through the prison system and his low level criminal cousin, that he exposed to criminal activities in a major way (Social Process). Even as he becomes more involved in the day to day criminal activities of the Costello organization, he makes a choice to remain a loyal state police officer and completes his assignment, ven to the point where it leads to his death. Sullivan is the opposite story. He was raised in the poor area of South Boston, that was under the sway of the Costello organization (Social Structure), but did not have the family connections of Costigan. He was groomed into the inner circles of the organization by Costello himself from a very early age, getting frequent and early exposure to criminal activities (Social Process), with the ultimate idea that he would become an informant on the inside of the state police. He grows up being completely oyal to the organization that he grew up in, but when presented with the chance to stop functioning in the criminal enterprise, and become legitimate upon Costellos death, he makes the attempt to. He chooses to leave crime behind until he is confronted and threatened by Costigans undercover work. Each of these major characters could have been explained by competing theories of criminology, but ultimately the film portrays a situation where they are all making a choice of who they are and what theyll do. Theories of Criminology and the Departed By macbezz

Microeconomics: Elasticity Concept of Supply and Demand

Microeconomics: Elasticity Concept of Supply and Demand INTRODUCTORY MICROECONOMICS CONTENTS MICROENOMICS (Words: 2,744) 1.  ELASTICITY CONCEPT OF DEMAND SUPPLY Elasticity lets us know a lot of things about our demand and supply. Besides that, elasticity of demand lets us know what number of additional units of an item will be sold when the value is cut (or what number of fewer units will be sold when the value is increased). The degree to which a demand or supply curves responds to a change in value is the curve elasticity (Heakal, R., 2003). Reem Heakal (2003) expressed that items that are necessities are more incentive to price changes since purchasers might keep purchasing these items despite the increments of price. On the other hand, a price increase of a good or service that is recognized to a lesser degree need will stop more consumers since the chance expense of purchasing the item will get to be excessively high (Quant Lego, 2013). Elasticity is a concept of responsiveness of one or more economic variables to changes in an alternate set of one or more variables (Quant Lego, 2013). The way of this responsiveness and the genuine value of elasticity convey useful knowledge and information to comprehend the way of relationship among economic variables and take decisions to influence one economic variable under ones control to acquire a desired outcome about the quality of the other economic variable (Quant Lego, 2013). A good or service is acknowledged to be highly elastic if a slight change in value prompts to a sharp change in the amount demanded or supplied. Normally these sorts of items are promptly accessible in the business and an individual may not so much require them in his or her everyday life. O the other hand, an inelastic good or service is one in which changes in value witness just modest changes in the amount demanded or supplied, if any whatsoever (Quant Lego, 2013). These products have a tendency to be things that are to a greater extent a need to the consumer in his or her everyday life. The elasticity of the supply or demand curves can be determined using the equation below: Elasticity = (% change in quantity / % change in price) According to Heakal, R. (2003), if elasticity is greater than or equal to one, the curve is considered to be elastic. If it is less than one, the curve is said to be inelastic. The demand curve is a negative slope as shown in Figure 1, and if there is a large decrease in the quantity demanded with a small increase in price, the demand curve looks flatter, or more horizontal. This flatter curve means that the good or service in question is elastic (Heakal, R., 2003). Figure 1Graph of elastic demand (Source: http://www.investopedia.com/university/economics/economics4.asp) Meanwhile, inelastic demand is represented with a much more upright curve as quantity changes little with a large movement in price as shown in Figure 2 (Heakal, R., 2003). Figure 2Graph of Inelastic demand (Source: http://www.investopedia.com/university/economics/economics4.asp) Elasticity of supply works similarly. According to Heakal, R. (2003), if a change in price results in a big change in the amount supplied, the supply curve appears flatter and is considered elastic. Hence, elasticity in this case would be greater than or equal to one as shown in Figure 3. Figure 3 Graph of elastic supply (Source: http://www.investopedia.com/university/economics/economics4.asp) On the other hand, if a big change in price only results in a minor change in the quantity supplied, the supply curve is steeper and its elasticity would be less than one as shown in Figure 4 (Heakal, R., 2003). Figure 4Graph of inelastic supply (Source: http://www.investopedia.com/university/economics/economics4.asp) Elasticity, defined as a ratio of proportional or per cent changes, is necessarily dimensionless meaning that it is independent of units of measurement (Hodrick, L. S. (1999). For example, the value of the price elasticity of demand for gasoline would be the same whether prices were measured in dollars or francs, or quantities in tonnes or gallons. This unit-independence is the main reason why elasticity is so popular a measure of the responsiveness of economic behaviour (Hairies, L., 2005). 2.  PRICE ELASTICITY OF DEMAND AND SUPPLY Hence, elasticity is a measure of exactly how much the amount demanded will be influenced by a change in value wage or change in price of related goods (Heakal, R., 2003). There are four sorts of elasticity, there are; price elasticity of demand, income elasticity of demand, cross price elasticity of demand and price elasticity of supply (Gachette, B., 2007). 2.1  Price Elasticity of demand Price elasticity of demand analyses the responsiveness of consumer demand to a change in price which is significant to know since then we know if it’s more beneficial to increase or decrease cost. In addition, price elasticity of demand help figure demand and help the firms choose about pricing in distinctive business portions. Monopolistic price discrimination might be practiced if the demand elasticity of distinctive business sector fragments is known/ assessed. Price elasticity of demand and supply helps to focus the feasible offering of the occurrence of a tax or a change in the tax rate (Das, S., 2005). Buoyancy in tax venues might be judged on the basis of income and price elasticity. This information is very useful for the economists included in providing estimates of tax revenue and proposes new taxes or changes in tax rates in the government (Das, S., 2005). 2.2  Income elasticity of demand Income elasticity of demand is the responsiveness of consumer demand to a change in wage this helps economists with classifying goods as substandard (the higher the income the lower the consumption) or normal (the higher the income the higher the consumption) (Das, S., 2005). Income elasticity of demand helps extend the interest for goods that a nation might require as the economy develops to higher and higher per capita wage levels. Demand for certain essential components of food are relatively inelastic after a certain level of income is reached. Thus, demand for cereals (for example, oats) is inelastic once the population has crossed the poverty line. But the demand for grains may at present increment through the demand for meat (as animals have to be reared on fodder grains). Such information helps long-term national planning. 2.3  Cross price elasticity of demand Cross price elasticity of demand is the responsiveness of consumer demand to a change in a competitors price this helps economists in comprehension if goods are complements (demand for one leads to demand for another) or substitutes (demand for one means less demand for another) (Das, S., 2005). Cross price elasticity also help pricing and marketing strategies keeping in view the effect of changes in cost of substitutes, complementary items and competing items in the same want fulfilling category. Publicizing using elasticity is essential to decide about advertising outlays and alternative advertising campaigns of organizations. 2.4  Price elasticity of supply Finally price elasticity of supply is the responsiveness regarding supply with a change in price which helps economists comprehend suppliers capacity to increase stocks for example agricultural goods producers have a low price elasticity of supply because if demand suddenly increases they have limited capacity to increase supply because of the long time it takes to produce this supply (Das, S., 2005). 3.  DIFFERENCE BETWEEN CONSUMER SURPLUS PRODUCER SURPLUS Customer and Producer surplus are two huge parts of matters of trade and profit particularly concerning marketing and pricing (Michigan State University, 2001). Customer Surplus is the cost above business sector value that you might be ready to pay or expressed diversely it is the maximum price that you might pay for a thing – the genuine price for that thing. Producer Surplus is basically the contrast between what a producers is willing and able to supply or offer an item for and what they get for it (Whfreeman, 2005). Simple example about consumer surplus, such as I-phone, let’s say that you willing to pay a maximum of RM2,500 but when you get to the store you discovered that the I-phone only cost you RM2,000 in which case you bought it and received a consumer surplus of RM 500; RM2,500 – RM2,000 = RM 500. Another example for producer surplus, take a company like Apple, let’s say that they would be willing to sell I-Pod for RM 200 and that is the absolute lowest they would willing to sell for but they manage to sell them for a price of RM 300 in this case the producer surplus is RM 100; RM 300 – RM 200 = RM100. When you observed those figures carefully, you’ll see that a basic economic principle in that the higher a product is priced the higher the producer surplus will be but the lower consumer surplus will, eventually if the seller keeps raising its prices then the consumer surplus will become 0 at the point the consumer will not want to purchase that product anymore (Whfreeman, 2005). Therefore, there are certain factors that need to be comprehended deeply in order to understand more about this consumer and producer surplus. Firstly is the law of demand. The law of demand stated that consumers will buy more of something (for example, sugar) when the price is falls or cheaper. Secondly is the law of supply. The law of supply stated that the higher the price of a product the more of it sellers are willing to supply. The premise of this comes essentially from producer surplus. Higher product price increases producer surplus thus they are willing to sell more of it because of the positive surplus (Michigan State University, 2001). The concepts of producer and consumer surplus help economists make welfare (normative) judgement about different methods of producing and distributing goods (Khan Academy, 2014). The differences between consumer and producer surplus are consumer surplus measures the gains to consumers from trade, whereas producer surplus measures the gains to producers from trade. Both consumer and producer surplus can measure a nation’s prosperity more accurately than GDP (gross domestic product). These concepts can help us to understand why markets are an efficient way to organize trade. Figure 5Graph of total surplus of Consumer and producer (e.g. books) (Source: Gachette, B. (2007) Principles of Microeconomics.) Based on the Graph of total surplus of consumer and producer as shown in Figure 5, both consumers and producers are better off because there is a market in this good, there are gains from trade. These gains from trade are the reason everyone is better off participating in a market economy than they would be if each individual tried to be self-sufficient. Consumer surplus is the difference between the value to buyers of a level of consumption of a good and the amount the buyers must pay to get that amount. Consumer surplus is the welfare consumers get from the good. Consumer surplus can be estimated from the demand curve for a good (Pepperdine University, 2010). The term producer’s surplus first shown up in A. Marshall’s Principle [11, p. 811, f.2], taking shape as the area between the competitive equilibrium price and the supply curve, a curve that slopes upwards as a result of placing the firms in order of diminishing efficiency as shown on figure 5. Marshall seems to stretch out the terms in order to comprehend all the surpluses a man determines as producer, including a â€Å"worker’s surplus† arising from the sale of his personal services and a â€Å"saver’s surplus† arising from the services of his capita (Mishan, E. J., 1968). 4.  EFFECTS OF ELASTICITY ON CONSUMER SURPLUS PRODUCER SURPLUS In economics, elasticity is the ratio of the proportional change in one variable with respect to proportional change in another variable (Gachette, B., 2007). Price elasticity, for example, is the sensitivity of quantity demanded or supplied to changes in prices. Elasticity is usually expressed as a negative number but shown as a positive percentage value. One typical application of the concept of elasticity is to consider what happens to consumer demand for a good (for example, apples) when prices increase. According to Gachette, B. (2007), as the price of a good rises, consumers will usually demand a lower quantity of that good, perhaps by consuming less, substituting other goods, and so on. The greater the extent to which demand falls as price rises, the greater the price elasticity of demand. However, there may be some goods that consumers require, cannot consume less of, and cannot find substitutes for even if prices rise (for example, certain prescription drugs). Another exampl e is oil and its derivatives such as gasoline. For such goods, the price elasticity of demand might be considered inelastic. Furthermore, elasticity will normally be different in the short term and the long term (Das, S., 2005). For example, for many goods the supply can be increased over time by locating alternative sources, investing in an expansion of production capacity, or developing competitive products which can substitute. One might therefore expect that the price elasticity of supply will be greater in the long term than the short term for such a good, that is, that supply can adjust to price changes to a greater degree over a longer time (Pepperdine University, 2010). This applies to the demand side as well. For example, if the price of petrol rises, consumers will find ways to conserve their use of the resource. However, some of these ways, like finding a more fuel-efficient car, take longer period of time. Thus, consumers may be less able to adapt to price shocks in the short term than in the long term (Hairies, L., 2005). However, there would be another effect of consumer surplus when the producer takes advantage of consumer surplus such as setting prices. In an organization (producers/ sellers) can identify groups of consumer within their market who are willing and able to pay different prices for the same product, then producers/sellers might engage in price discrimination. The price that the consumer willing to pay, thereby turning consumer surplus into extra revenue. This often happen in local fitness gym either in your area or other places whereby different fitness gym offers different prices with the same products. Another good example that can be seen the effect of consumer and producer surplus is the Airlines companies itself, such as Air Asia Airlines. Air Asia Airlines using their famous tagline â€Å"Now everyone can fly† is one of the cheapest and affordable prices Airlines in Asia. By extracting from consumers the price they are willing and able to pay for flying to different destinations are various times of the day, and exploiting variations in elasticity of demand for different types of passenger service. If you noticed that, often the price of tickets flights is cheaper when you book the flight earlier either weeks or months in advance. The airlines are prepared to sell tickets more cheaply then because they get the benefit of cash-flow at the same time making sure that each seat are being filled. The nearer the time to take off, the higher the price of the tickets flights. Thus, if a businessman is desperately to fly from Kota Kinabalu, Sabah to Kuala Lumpur, Peninsular Malay sia within 24 hour time, his or her demand is said to be price inelastic and the corresponding price for the ticket will be much higher. Therefore, this is one of the way Airlines such as Air Asia Airlines exploit their monopoly position by raising the prices in markets where demand is inelastic, at the same time extracting consumer surplus from buyers and increasing profit margin. 5.  SUMMARY In conclusion, elasticity is an important concept in understanding the incidence of indirect taxation, marginal concepts as they relate to the theory of the firm, distribution of wealth and different types of goods as they relate to the theory of consumer choice and. Elasticity is also significant in any discussion of welfare distribution, in particular consumer surplus, producer surplus, or government surplus. Furthermore, the concept of elasticity has an extraordinarily wide range of applications in economics. In particular, an understanding of elasticity is useful to understand the dynamic response of supply and demand in a market, in order to achieve an intended result or avoid unintended results. For example, a business considering a price increase might find that doing so lowers profits if demand is highly elastic, as sales would fall sharply. Similarly, a business considering a price cut might find that it does not increase sales, if demand for the product is price inelastic. Therefore, an economic signal is any piece of information that helps people makes better economic decisions. 6.REFERENCES Das, S. (2005) The Concept of Elasticity in Economics. Available at: http://www.montgomerycollege.edu/~sdas/elasticity/broaderusage.htm (Accessed 20 February 2014). Gachette, B. (2007) Principles of Microeconomics. Available at: http://www.aiu.edu/publications/student/english/Principles%20of%20Microeconomics.html (Accessed 21 February 2014) Haines, L. (2005) Elasticity is Back: Oil and Gas Investor. Heakal, R. (2003). Economics Basics: Elasticity. Investopedia Available at: http://www.investopedia.com/university/economics/economics4.asp (Accessed 21 February 2014). Hodrick, L. S. (1999) Does Price Elasticity Affect Corporate Financial Decisions? Journal of Financial Economics. Mishan, E. J. (1968). What is Producer Surplus? The American Economic Review, Vol. 58, No. 5. Khan Academy (2014) Consumer Producer Surplus. Available at: https://www.khanacademy.org/economics-finance-domain/microeconomics/consumer-producer-surplus (Accessed 20 February 2014). Michigan State University (2001) Consumer and Producer Surplus. Available at: https://www.msu.edu/course/ec/201/brown/pim/pdffiles98/csps98.pdf (Accessed 21 February 2014). Pepperdine University (2010) Chapter 4: Surplus and Efficiency. Available at: http://faculty.pepperdine.edu/jburke2/ba210/PowerP1/Ch4.ppt (Accessed 20 February 2014). Quant Lego (2013) Economics Basics: A Tutorial. Building Blocks For Financial Quant Skills. Available at: http://www.quantlego.com/knowledge/economics-basics-tutorial/5/ (Accessed 21 February 2014). Whfreeman (2005) Chapter 6: Consumer and Producer Surplus. Available at: http://www.whfreeman.com/college/pdfs/krugman_canadian/CH06.pdf (Accessed 21 February 2014).