Helix Company produces several products in its factory‚ including a karate robe. The company uses a standard cost system to assist in the control of costs. According to the standards that have been set for the robes‚ the factory should work 780 direct labour-hours each month and produce 2600 robes. The standard costs associated with this level of production are as follows: | | Total | Per Unit of Product | Direct materials | $ | 53248 | $ 20.48 | Direct labour | $ | 8320 |
Premium Cost Variable cost Costs
DISCUSS THE DIFFERENT PERSPECTIVES AND CONCERNS OF THE BALANCED SCORECARD The balance scorecard is used as a strategic planning and a management technique. It is widely used in many organizations‚ regardless of their scale‚ to align the organization’s performance to its vision and objectives. The scorecard is also used as a tool which improves the communication and feedback process between the employees and management‚ and to monitor performance of the organizational objectives. There are four
Premium Strategic management Business terms Management
RATE OF REACTIONS. The reaction rate (rate of reaction) or speed of reaction for a reactant or product in a particular reaction is intuitively defined as how fast or slow a reaction takes place. For example‚ the oxidative rusting of iron under the atmosphere is a slow reaction that can take many years‚ but the combustion of cellulose in a fire is a reaction that takes place in fractions of a second (right). Chemical kinetics is the part of physical chemistry that studies reaction rates. The concepts
Premium Chemical kinetics Reaction rate Chemical reaction
HKU976 NEALE O’CONNOR MAKING BALANCED SCORECARD WORK TO IMPLEMENT BUSINESS STRATEGIES AT MAGIC TECHNOLOGY In August 2008‚ Magic Technology (“Magic”) launched an initiative to implement the balanced scorecard in its organisation. Alan Lo‚ the chief executive officer (“CEO”)‚ oversaw the implementation of the balanced scorecard at the company’s headquarters. Lo encountered both strategic and execution difficulties during implementation. Yet‚ such difficulties hinted at a more fundamental issue
Premium Strategic management Management Project management
Double Replacement Precipitation Reactions Determine whether an ionic double replacement reaction has occurred.If I place different amounts of ionic solutions in a well plate‚ then I will be able to determine which of the solutions has had an ionic double reaction placement because I will use the solubility rules to decide which product produced the solid precipitate.Place five drops of silver nitrate into well A1 through A4. Place five drops of Iron (III) Nitrate into rows B1 through B4. Place
Premium Sodium chloride Solubility Chlorine
15‚4 Balanced score for the balanced scorecard: a benchmarking tool M. Punniyamoorthy Faculty of Production and Operations and Finance‚ Department of Management Studies‚ National Institute of Technology‚ Tiruchirappalli‚ India‚ and 420 R. Murali Faculty of Human Resources and Finance‚ Department of Management Studies‚ National Institute of Technology‚ Tiruchirappalli‚ India Abstract Purpose – The purpose of this paper is to create a model called “Balanced score for the balanced score
Premium Strategic management Balanced scorecard
experiment. (1) Weigh three clean dry labeled 125 mL erlenmyer flasks on an analytical balance. Place about 0.135 grams of oxalic acid dihydrate‚ H2C204.2H20‚ into each of the three separate flasks and reweigh the flasks containing the acid. (2) Set up a buret with KMnO4 solution to be standardized by titration. (3) Dissolve each acid sample in about 25 mL of distilled water. Again don’t mix up the samples. Take one flask and add 1-2 mL of concentrated sulfuric acid. · CAUTION! Concentrated
Premium Titration
Chemical Proportionality (Carbonate and Hydrochloric Acid) Introduction: The purpose of this experiment is what happens when a solid substance‚ a metal carbonate is added slowly to a solution of an acid. We are finding methods of determining acid concentration. For us to balance certain equations‚ we will use a stoichiometry. For this experiment‚ we will need to set up the ratio and finding the concentration of HCI. Procedure: • Grab 4 different beakers. • Add a small amount of sodium carbonate
Premium Hydrochloric acid Chlorine Concentration
two strategies discussed are Kaplan and Norton’s “Balanced Scorecard”‚ and Porter’s “Five Forces”. Kaplan and Norton present a model that help businesses investigate and understand their internal resources‚ and how to align high-level goals to objectives. Porter’s model attempts to help businesses identify and understand the external forces that affect strategic management and long-term sustainability. Keywords: Strategic Management‚ Balanced Scorecard‚ Measurement‚ Strategic Planning
Premium Strategic management Management
CHEMICAL WEATHERING Chemical weathering is a process of alteration of rocks of the Earth’s crust. is a chemical decomposition process. is brought out by atmospheric gases and moisture. End product has a different chemical composition and poorer physical constitution. The process: Chemical change in the nature of rock takes place in the presence of moisture containing many active gases such as CO2‚ N2‚ H2‚ and O2. Rocks are made up of minerals. All the minerals in a rock are not in
Premium Mineral Carbon dioxide Sedimentary rock