Section: 02 Q 1: What is the difference between direct marketing and direct selling? Answer: Direct Marketing; definition‚ “The total of activities by which the seller‚ in effecting the exchange of goods and services with the buyer‚ directs efforts to a target audience using one or more media (direct selling‚ direct mail‚ telemarketing‚ direct-action advertising‚ catalogue selling‚ cable TV selling‚ etc.) for the purpose of soliciting a response by phone‚ mail or personal visit from a prospect
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Material & Labor Variances Assuming there are no inventories from previous year. Let’s look at Material Price variances as well as labor wage & efficiency variance as the data provided allows us to look at all these parameters. With no understanding of Materials details & measures‚ I will not be looking at material quantity variance. {draw:frame} {draw:frame} In terms of interpretation‚ an easy one to make could be : State Street Shop manager has probably chosen the right supplier
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contribution Check: Sales contribution price variance Sales contribution mix variance Sales contribution volume variance =Total sales contribution variance Material yield/mix & price variances Standard material cost per unit No. of unit produced this period Standard material cost of output produced Actual material costs incurred
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students have with production cost variance analysis in the next chapter. If not assigned for class‚ this makes a good exam case. (For ease in grading‚ I suggest you prepare forms with all needed T accounts preprinted on them.) Question 1 Materials Inventory | | Work in Process Inventory | Bal. | 50‚250 | (4) | 118‚810 | | Bal. | 75‚600 | (9) | 267‚684 | (2) | 104‚980 | | 36‚420 | | (4) | 116‚696 | | | Bal. | 36‚420 | | | | (5a‚8) | 79‚200 | | |
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UNIVERSITI MALAYSIA PERLIS PUSAT PENGAJIAN KEJURUTERAAN MEKATRONIK School of Mechatronics Engineering Assignment Material Engineering ENT 145 Name: Ahmad Huzaifah Bin Azahari No. Matrik: 121110055 Course: Mechanical QUESTION 1 DESCRIBE CHARACTHERISTICS OF (a) AN ALLOY (b) PEARLITE (c) AUSTENITE (d) MARTENSITE (e) CEMENTITE (f) SPHERODITE AND (g) TEMPERED MARTENSITE. (a)ALLOY • Alloy steel is often subdivided into two groups: high alloy steels and low alloy steels
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GUESS WHO JEANS STATIC BUDGET VARIANCE FOR THE MONTH JUST ENDED Income Statement line-item Budgeted amount per unit Static Budget (A) 10‚000 units Actual Results (B) 16‚000 units Static Budget Variance (A) – (B) Revenue Variable costs: Materials Labor Overhead Total Contribution margin Fixed costs: Manufacturing Overhead Marketing costs Total fixed costs Operating
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1. Budgeting - An Introduction A budget is a plan that outlines an organizations financial or operational goals. It is an action plan. It helps a business allocate resources‚ evaluate performance‚ and formulate plans. Understanding the importance of budgeting is the first step in successful financial planning. This tutorial introduces budgeting and the 5 most commonly used methods of budgeting 2. Preparing & Controlling a Budget Budgeting is potentially a managers most valuable planning and
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Cash Budgets CASH BUDGETS A cash budget is a budget that focuses on cash receipts and payments that are expected to occur in the future. Cash management is one of the main important factors in a business. A company that experiences cash shortages could be forced into bankruptcy in the future. Businesses that have excess cash can lose the opportunity to earn investment income or can reduce interest costs by repaying debt. A cash budget can tell management anticipated cash shortages or excess
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| Papa Geo’s (5 Year Budget Proposal) | | | 1.0 Executive Summary | Papa Geo’s is devoted to bringing top notch Italian cuisine at an affordable price that everyone can enjoy‚ because at Papa Geo’s you’re not just our guest you’re family. We offer a wondrous all-you-can-eat style buffet of the fines Italian cuisine. Unlike your typical sit-down buffets in the Orlando‚ Florida area; we ensure a unique experience with a combination of both exceptional foods as well as great
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marketing budget? A marketing budget typically covers costs for advertising‚ promotion and public relations. Each amount varies based on the size of the business‚ its annual sales and how much the competition is advertising. Depending on the industry‚ marketing budgets can range from as low as 1% of sales to over 30%. New companies may spend as much as 50% of sales for introductory marketing programs in the first year. Smaller business may just try to match the spending of their direct competitors
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