CHAPTER 10 CRITICISMS OF ABSORPTION COST SYSTEMS: INCENTIVE TO OVER-PRODUCE P 10-1: Solution to Federal Mixing (10 minutes) [Explaining absorption versus variable costing] Variable costing writes off to income all fixed manufacturing costs incurred during the year. Absorption costing prorates the fixed overheads between units in inventory and units sold based on machine hours. Absorption costing net income is higher than under variable costing by $1.2 million. This means that inventories
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Youth Unemployment in South Africa: Reasons‚ Costs and Solutions Word Count: +- 1940 words Introduction – A description of the question: “What are the causes of youth unemployment?” A high employment rate among the people of a nation promotes a spirit of dignity‚ independence‚ achievement and innovation – it isn’t only about earning a form of income. In stark contrast‚ unemployment in South Africa is accompanied by social troubles such as violence‚ poverty‚ a loss of
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Topic: “In a news article titled‚ Shifting Gear: Chrysler Gains Edge by Giving New Flexibility to Its Factories (WSJ‚ 04/11/2006) presented the benefits and case for flexible manufacturing. Comment on the advantages and disadvantage of flexible manufacturing? Comment on the scope economies presented in the news article? What does the existence of such economies imply about the production of autos in growing fragmented market? “ In the news article‚ “Chrysler Gains Edge by Giving New Flexibility
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explores legal and regulatory alternatives to confront this issue. The first outlined option is the internal manufacturing of invigilators‚ providing us with more organizational autonomy‚ alternatively we could set an industry standard either contractually or through a standard setting procedure‚ an expensive yet effective option‚ we could also develop resilience to poor invigilator manufacturing by increasing our capacity
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significantly increasing the inventory holding costs. Therefore‚ quantitative and qualitative analysis needs to be done to check the feasibility of having a common National Distribution Centre (NDC) or combining the demand of certain regions or products to have an optimized solution to minimize the total cost by trading off the increased distribution cost and warehouse cost with reduced inventory holding cost Calculating the annual inventory and distribution cost of the current distribution system: In
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Answer 1. SWOT analysis of The Fashion Channel The Fashion Channel (TFC) is a 24*7 cable TV network which is exclusively dedicated to fashion. It was found in 1996 and since then it has been witnessing continuous upswing. According to an annual demographic survey‚ TFC is having approximately 110 million subscribers of cable & satellite television. But‚ due to increasing competition with other fashion channels‚ it is in the need for developing a modern and updated brand strategy. SWOT analysis
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shortage of inventory available for sale. To cover this problem‚ Gamuda should make sure its stock always at appropriate levels and also investigate methods of lowering cost of goods sold. For example‚ Gamuda can investigate alternative suppliers selling similar quality products for less or take advantage of discounts offered to lower costs. Gamuda can also apply marketing concept which was target customers more
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determine the organisational needs for training in a particular situation are described below: • Context Analysis. This analysis answers questions like: who decides that training should be conducted‚ why a training program is seen as the recommended solution to a business problem‚ what the history of the organization has been with regard to employee training and
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The following proposal is for the implementation of Active Directory within the Riordan Manufacturing organization which includes plants in Michigan‚ Georgia‚ China and Headquarters in California. In the implementation of Active Directory‚ Riordan’s old domain will be replaced with Windows 2003 servers acting as domain controllers and running Active Directory Services at each of the above plants. This allows the network administrators at each Riordan plant to actively manage network resources. This
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The auditor‚ Sam Wong‚ is not totally understanding the operation of Plastim Manufacturing. Before applying the audit procedure‚ it is essential for an auditor to have a well understanding of the client and the industry. Auditors should make a review on the annual reports and financial statements in the past year in order to make an
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