Case Study - 4. Superior Manufacturing Company Description: The Superior Manufacturing Company received a net loss income statement for a good business year (2004). The Company has only 3 products and lots of competitors with similar products. The manager thinks the product 103 should be dropped for its high cost which could not be cut down‚ and the product 102 has an increasing demand. Also‚ the managers want to make a price reduction. However‚ they find that the costs are too high to support the
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Administrative 1783 0 1783 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
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3. Why did Superior improve profitability during the period January 1 to June 30‚ 2005? How useful was the data in Exhibit 4 for the purpose of this analysis? As we know from the case‚ the Superior is implementing the standard cost system which was introduced in early 2005---“Next year’s standard costs were last year’s actual per unit costs adjusted for anticipated cost changes”. By looking at Exhibit 2 and Exhibit 4‚ we could compare the level of all the costs under the items. The applicable
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Walters decision to keep product 103? 3 Analysis of Profit and loss statement 4 Sensitivity analysis 6 Strategic scenarios 8 Q2) Should superior lower as of January 1‚ 2006 its prices of product 101? To what price? 10 Q3) why did Supreme improve profitability during the period of January 1 to June 30‚ 2005? 13 Analysis 14 Q4) why is it important that Superior has an effective cost system? 17 What is your overall appraisal of the company’s cost system and its use in report to management 18 List
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Law and Government: Confucius Although most think so‚ Confucianism is not a religion. Instead‚ people should consider it to be a moral guideline for civilized societies. Simply put‚ Confucius was arch-conservative‚ anti-women‚ and pro-autocracy. However this isn’t entirely what his code is based on. He believed in family. “Confucius’s view of the state and society should function like a family: The father was the undisputed head‚ each person had his or her special rights and duties‚ and the wisdom
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Dao Essay ! While comparing Taoism and confucianism‚ there are many similarities and some differences. Right off the bat‚ the main difference is that Daoist believe that harmony with nature‚ yin and yang and the wu-wei is essential to create harmony with the Tao. On the other hand confucianism believe that in order to achieve harmony with the tao one must reflect harmony in their relationships. They also had different views on rituals and politics. ! First‚ both Taoism and Confucians had the same
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Are We Really Superior? For centuries humans have being considered as the superior specie‚ due to evolution humans are supposed to be the smarter‚ better and superior kind‚ but are we really the superior specie. We are destroying the habitats of the “inferior” specie; we are not only leaving them without homes but worse of all. We are using for ENTERTAINTMENT. We are making them do tricks for us‚ we are using them to get money; we are holding them captive; in places like zoos‚ circuses and aquariums
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Anterior Superior Iliac Spine‚ or‚ ASIS for short a) b) c) Figure 1. a)Anterior view of the torso with Anterior superior iliac spine of both sides circled in yellow‚ b) torso with location of both sides of ASIS relative to muscles above and tendons below‚ c) location of ASIS identified. a) b)
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During the Han Dynasty is when confucianism became the dominant political standpoint for the next 2‚000 years. Confucianism‚ which revolves almost entirely around issues related to family‚ morals‚ and the role of the good ruler. In the short reading of “The Responsibility of Rulership” by Dong Zhongshu it explains that confucianism is a unifying idea and heaven upholds its rule‚ which is why the leaders must rule with firmness. Without humans‚ earth‚ and heaven fathers will not be able to control
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slices their own definition of religion‚ they cannot categorize Confucianism as such. Rather‚ I feel that it fits under the category of an ethical system. It was built on non-religious foundations‚ it lacks some of the most common aspects of all known religions‚ and its teachers and followers have even separated themselves from the term of religion. In order to understand the reasoning of
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