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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pleasure to see what has been accomplished. This hospital represents a labor of love on the part of a lot of people. Before we opened the new hospital‚ we had to send kids to ‚ Miami‚ wherever‚ because there was no children’s hospital here." Capacity planning at Arnold Palmer Hospital Since opening day the Arnold palmer hospital has experienced an explosive growth in demand for
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During the second half of the year‚ the company increased the price of the goods. As a result the company suffered a decrease in sales but its total revenue increased due to the increasing prices. This could be explained by the fact that the company did not maximize its profit during the first half of the year‚ the price and sales of the company is not at equilibrium and products are being sold at a price lower than equilibrium. At the second of the year‚ due to an increase in price the sales volume
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Depreciation 3658 3658 0 Interest 539 539 539 Total Fixed Expenses 15988 7195 -4933 Net Operating Loss -2262 -7195 -4933 According to above‚ Superior will suffer operating more loss of $4‚933‚000 if it drop project 103.Therefore‚ the company should keep Product 103. Q.2 Should Superior lowers as January 1‚ 2005 its price of product 101? To what price？ Variable Cost (VC) Fixed Cost (FC) Compensation Insurance 0.39 Rent 0.88 Direct Labour 6.06 Property Taxes 0.29 Materials 3
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Southwestern University: Capacity Planning Case Prepared by: Jalotjot‚ Reyes‚ Subang Central Issue: How to guarantee that the various support activities generate revenue? Areas of Consideration: * Marketing/Finance/Human Resource * Items Available/Pricing/Variable Cost/Revenue Distribution Item | Price/Unit | Variable Cost | Revenue | Soft Drink | $1.50 | $0.75 | 25% | Coffee | $2.00 | $0.50 | 25% | Hotdogs | $2.00 | $0.80 | 20% | Hamburgers | $2.50 | $1.00 | 20% | Misc
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on three business issues which are allocating the cost of goods or services‚ cash management or budgeting and financial forecasts. Managerial accounting uses cost allocation methods to allocate various business costs for each item produced by the company. Cash management and budgeting outlines all future expenditures to ensure business operation generate enough capital to pay for business expenses. Financial forecast provides business owners and managers with expected operational output or consumer
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which lay a platform for a good institution. The corner stone of this essay is to determine the role of capacity planning in educational institutions which forms a very important part of strategic plan. Capacity planning is the known as the process of determining the production capacity needed by an organization to meet changing demands of its products. Stevenson ((1999) p. 208) defines capacity as “The upper limit or ceiling of the load that an operating unit can handle‚ with the operating unit defined
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[Type the company name] Taiwan Semiconductor Manufacturing Co.‚ The Semiconductor Services Company | | | | | | | | | | | | [Type the company name] Taiwan Semiconductor Manufacturing Co.‚ The Semiconductor Services Company | | | | | | | | | | | | STUDY QUESTIONS Taiwan Semiconductor Manufacturing Company 1. Explain the “foundry model” that TSMC carved out in the semiconductor industry. How does it differ from the conventional
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Ethical 1 Is it ethical for a manufacturing company that wishes not to be identified as the sponsor of a mail survey to invent the name of a fictitious research company and print the name on the letterhead paper used for the survey? I do not think it is ethical for a manufacturing company to invent a fictitious research company. I think 3 things that are not good can come from it. The first thing is the manufacturing company might not have the expertise in surveys. Second is there a point to the
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and Operations Capacity Planning and Decision Theory ▪ Measures of capacity ▪ Bottlenecks ▪ Capacity strategies ▪ A systematic approach to capacity decisions ▪ Make or Buy Problem ▪ Decision Making Under Uncertainty and Risk‚ Decision Trees Capacity Planning Capacity is the maximum rate of output for a facility. Capacity planning considers questions
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