1) Profit Compensation Insurance Direct Labor Power Materials Supplies Repairs 158 Product 103 Total Standard 88 1341 59 946 68 20 Other Income Actual Sales 67.05 10 Remove? - Yes OK to remove 5202 Effect on 2004 Margin if Product 103 dropped -2532 A drastic net loss -2543 2) They should lower the price due to the increase in Contribution Margin shown below: Year 2005 Price Unit Sales Total Sales Compensation Insurance Direct Labor Power Materials Supplies Repairs Total Variable Costs Contribution
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Answer#1 First Six-Months Price Variance Efficiency Variance Sales-Volumn Variance AQ*AP AQ*SP SQ*SP Static Q*SP Raw Materials 590000*3.867=2281000 79000F 590000*4=2360000 104000U 188000*3*4=2256000 144000F 200000*3*4=2400000 Direct Labor 400000*11=4400000 $- 400000*11=4400000 264000U 188000*2*11=4136000 264000F 200000*2*11=4400000 Spending Variance Efficiency Variance Never a Variance Actual Input
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Burger King and Its Advertising Campaigns Burger King is a reliable burger company which has had its ups and downs. In 1974‚ it came out with a slogan of "Have it your way" and at this time it also had a 4 % market share. Burger King’s idea was to have the customer have their burger done their way rather than a standard burger. In the early 80’s Burger King was trying to keep sales growing so they had to keep changing their advertising. In 1982 "Battle of the burgers" and "Aren’t you hungry for
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would be the ones to sell it. But now‚ two years shy of Kroc ’s benchmark for the far-off future‚ that goal seems less assured than ever. Forget for a moment all the recent talk about Burger King Corp. and Wendy ’s International Inc. stealing customers from McDonald ’s. With a 42% share of the U.S. fast-food burger market‚ McDonald ’s still easily outpaces its rivals. Nonetheless‚ the problems under the famous Golden Arches are far more serious than a failed Arch Deluxe here or a french-fry war there
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Entrepreneurial Leadership: Five Guys Burger & Fries Lisa Dunn Dr. Doris Martin BUS 505 Strayer University October 16‚ 2012 “We are in the business of selling burgers” – Jerry Murrell says as one of the mission statements for his company; Five Guys Burger & Fries. Five Guys has had the same business plan since Jerry and his sons opened the first burger shop in 1986. They only use fresh ingredients never frozen. There are no gimmicks to the Five Guys philosophy; just simple food with
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MOD003351 BURGER KING AND EMPLOYEE MOTIVATION INTRODUCTION This research deals that how Burger King (BK) following the procedures to motivate the Employees‚ how these procedures helps in achieving the objectives of Burger King and influences the objectives. Hamburger is a parent company of Burger King and it is operating worldwide. Headquarter of Burger King is situated in Florida‚ U.S.A. It was first established as Insta Burger King in 1953. Due to tough external environment of Insta Burger King‚
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BUSINESS ETHICS AND CONDUCT Everything we do should be with the highest integrity. No ethical shortcuts of any kind. Integrity and honesty are simply not optional. 2 NOTE TO EMPLOYEES: In this Code‚ “Company” means Burger King Corporation and its subsidiaries and affiliates. This Code is not an employment contract and compliance with this Code does not guarantee continued employment with the Company. Any modification to current terms and conditions of your empl
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Bicycle Background Bicycles are one of the world’s most popular modes of transportation‚ with some 800 million bicycles outnumbering cars by two to one. Bicycles are also the most energy-efficient vehicle—a cyclist burns about 35 calories per mile (22 calories per km)‚ while an automobile burns 1‚860 calories per mile (1‚156 calories per km). Bicycles are used not only for transportation‚ but for fitness‚ competition‚ and touring as well. They come in myriad shapes and styles‚ including racing
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In determining the future of HED’s Detroit facility‚ it is important that we recognize the unique nature of the plant and its products and the differentiated role it plays in HED’s plant network. The Detroit plant‚ as an incubation ground for new products and a stable supplier of replacement parts for legacy products‚ has a different mission than that of the other plants. Its product mix‚ plant layout and production process embody the job shop model‚ where flexible resources are employed to produce
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During the completion of an audit‚ a sample is selected and then evaluated against some criteria to determine whether the auditor believes the financial statements to be correct and in accordance with Generally Accepted Accounting Principles (GAAP). One of the three important steps in the audit process‚ after the client has been accepted‚ is to plan the audit. In this stage‚ analytical procedures are very important to identify high risk areas which should be tested more intensively. These procedures
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