Plant overhead $122‚000 D/L rate/hour $30 Youngstown has a traditional cost system. It calculates a plant-wide overhead rate by dividing total overhead costs by total direct labor hours. Assume‚ for the calculations below‚ that plant overhead is a committed (fixed) cost during the year‚ but that direct labor is a variable cost. 1. Calculate the plant-wide overhead rate. Use this rate to assign overhead costs to products and calculate the profitability of the four products. The assignment
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We will locate Nutrient Factory on Baltimore Avenue‚ College Park‚ Maryland in a 2500 square foot building. We plan on have a similar size store as our rivals‚ GNC‚ which typically are approximately1000 square feet (LoopNet). Nutrient Factory is going to have six full-time employees‚ including the two founders working full-time as cashiers/managers. We will hire two Maintenance Crew members who will replenish store shelves‚ assist customers at the Make-Your-Own Protein Shake section and maintain
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Burlington Coat Factory Operation Burlington Coat Factory Operation Yureka S Giles BUS235: Introduction to Marketing Donna Manley August 30‚ 2010 Burlington Coat Factory Operation The company was founded in 1924 as “Burlington Coat Factory Warehouse Corporation a wholesaler of ladies coats and outwears. In the late 70’s the company started adding apparel including suits‚ shoes‚ baby items and accessories. Burlington Coat Factory has over 450
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World History 3 November 2011 Essay Question #23 Why might have the philosophy of Communism appealed to many 19th century factory workers? During the Industrial Revolution‚ factory workers received little pay‚ worked long hours‚ and never saw improvement in their living and working conditions. In the mean time‚ the middle class was emerging. They were rich because of the enormous amounts of money created in the country because of the Industrial Revolution. Marx thought that the capitalist
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The factory system was a system of manufacturing that originated in England. It focused on the use of machinery and division of labor in large buildings full of machines and workers. This replaced the domestic system that consisted of the use of simple machines and hand tools in small business and workshops. The system was introduced by Samuel Slater who immigrated from England to the United States. At the time it was illegal in England to export textile technology to other countries. Slater who
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The industrial revolution brought many positive and negative effects to the factory workers‚ but a majority of negative effects‚ along with health problems and children working however‚ a positive effect jobs for women. To begin‚ during the Industrial Revolution‚ factories lead to health problems to the men workers‚ in addition to pollution. In document seven there is a photograph where there is an enormous amount of black smoke in the sky causing pollution. All the black smoke in the air
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still needed a way to put food on the table and having mass production in factories. Therefore both of the workers were important but factory workers were better in the sense of economic wealth‚ this means they both were affected greatly by industrialization. In the Gilded Age farmers reacted upset due to the amount if land being by the main men in power of the industries. This resulted in less farming for the farmers. The factories did start to create better equipment for the farmers thought so that
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* Not tapping into the full potential of foreign factories * Only use them for benefit of tariffs and trade concessions‚ cheap labor‚ etc. * Some companies do use them to full potential and gain exponentially from it. * Use them for the previous reasons mentioned‚ but also to get closer to their customer and suppliers‚ to attract skilled and talenterd employees‚ and create centers of expertise for the entire company. * The answer for why these two approaches lies in the managers
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CHAPTER 6 PRODUCTION EXERCISES 4. A political campaign manager must decide whether to emphasize television advertisements or letters to potential voters in a reelection campaign. Describe the production function for campaign votes. How might information about this function (such as the shape of the isoquants) help the campaign manager to plan strategy? The output of concern to the campaign manager is the number of votes. The production function has two inputs‚ television advertising and
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TYPES OF COSTS Introduction :-Production is the result of services rendered by various factors of production.The producer or firm has to make payments for this factor services. From the point of view of the factor inputs it is called ‘factor income’ while for the firm it is ‘factor payment’‚ or cost of inputs.Generally‚ the term cost of production refers to the ‘money expenses’ incurredin the production of a commodity. But money expenses are not the only expensesincurred on the production
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