The following costs were incurred in September: Direct materials $42‚700 Direct labor $29‚400 Manufacturing overhead $27‚300 Selling expenses $23‚600 Administrative expenses $33‚700 Conversion costs during the month totaled: → $56‚700 $70‚000 $72‚100 $156‚700 Conversion cost = Direct labor + Manufacturing overhead = $29‚400 + $27‚300 In September direct labor was 25% of conversion cost. If the manufacturing overhead for the month was $108‚750 and the direct materials cost was $25
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MGMT 306 PRODUCTION AND OPERATIONS MANAGEMENT HOMEWORK 1 (Please submit the Scantron form) I. TRUE/FALSE (A for True; B for False) 1. All organizations‚ including service firms such as banks and hospitals‚ have a production function. True (What is operations management? moderate) 2. Operations management is the set of activities that create value in the form of goods and services by transforming inputs into outputs. True (What is operations management? easy) 3. The operations manager performs the
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and later reeds‚ were made into baskets to store food surpluses. Some foods could then be saved for future meals and less time was needed for seeking and gathering food. Paper may be the oldest form of what today is referred to as "flexible packaging." Sheets of treated mulberry bark were used by the Chinese to wrap foods as early as the First or Second century B.C. During the next fifteen hundred years‚ the paper-making technique was refined and transported to the Middle East‚ then Europe and
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Criteria of Packaging Consumer packaging serves to contain and communicate. A product’s "packaging mix" is the result of several requirements that determine how a package accomplishes those two basic functions A package must: protect the product‚ be adaptable to production-line speeds‚ promote or sell the item‚ increase the product’s density‚ help the consumer use the product‚ provide reusable value to the user‚ satisfy legal requirements‚ and keep packaging-related expenses low. Two classes of
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Packaging Packaging is the technology of enclosing or protecting products for distribution‚ storage‚ sale‚ and use. Packaging contains‚ protects‚ preserves‚ transports‚ informs‚ and sells.[1] In many countries it is fully integrated into government‚ business‚ institutional‚ industrial‚ and personal use. a) Packaging fresh fruits and vegetables is one of the more important steps in the long and complicated journey from grower to consumer. Bags‚ crates‚ baskets‚ cartons are convenient containers for
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The concept from course 15 module six that I found most important is ethical behaviors. According to course 15 ethics is behavior based on personal and organizational values. These values guide you through making judgements between right and wrong‚ and these judgements are what make up ethical behaviors. I think this is the most important concept for several reasons. First and foremost‚ it sets the tone for ethical conduct within an organization. It does so in a top down fashion‚ and through
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Packaging Persuasion When purchasing products today‚ Americans tend to focus more on the packaging rather than the actual product inside‚ making this century all about looks. From different brands of breakfast cereal to the cosmetics or beauty products we use‚ packaging holds great value and meaning. Packages are full of persuasion and appeal. What is eye catching and attention grabbing is what wins the buyer; the package is what makes the product. Most Americans depend solely on the packages’
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Toy World‚ Inc. Case Analysis Seth Roberts Financial Policy Executive Summary Toy World‚ Inc. is a company that has been manufacturing toys for children since 1973. Since 1976‚ the company has enjoyed profitable operations. At the end of 1993‚ revenue and profit came close to $8 million and $270 thousand respectively. With Jack McClintock as president and Dan Hoffman as production manager‚ the two have tried to find a strategy to adjust operations to the volatility
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BAY Table of Contents 1.0 Company Profile 4 2.0 Vision Statement & Mission Statement 5 2.1 Vision Statement 5 2.2 Mission Statement 5 3.0 External Analysis 6 3.1 PEST Analysis 6 3.2 Opportunities and Threats 8 3.3 Industry Analysis – Porter 5 Forces 9 3.4 Key Success Factor 10 3.5 External Factor Evaluation (EFE) Matrix 10 3.6 Competitive Profile Matrix 10 4.0 Internal Analysis 11 4.1 Strength & Weaknesses 12 4.2 Internal Factor Evaluation (IFE) Matrix 13 5.0 Existing Strategy and Objectives 15 5
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Case Study 1 If Helen decides to take her friend’s stolen exam answer‚ she would violate the school’s or her professor’s property because he was the one that created the exam. The exam answer belongs to the professor or the school so it would consider being their property. Helen would also violate the truth to Empire State University if she uses that exam answers to get a better grade for her qualification for summa cum laude. Cheating is dishonest and she will have to lie throughout her life to
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