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How uncertainties and biases can affect the decision quality

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Reference no: EM131678339

Assignment: Cost accounting

1. What are the differences between the operating plans and actual operations?

2. How can you make higher-quality decisions?

3. Omar Corporation produces mobile phones.

Total variable costs of one mobile = $20.

The factory rent is $2,500/ month.

Compute the total costs per month and the average cost per mobile phone if they made only 10 mobiles per month. What if they made 100 mobile per month?

4. What are the statistical tools that highlight the significance of the regression model in estimating cost behavior?

5. Explain how uncertainties and Biases can affect the decision quality?

Reference no: EM131678339

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