Amity Campus Uttar Pradesh India 201303 ASSIGNMENTS PROGRAM: MFM SEMESTER-II Subject Name : Operational Management (AMF 202) Study Country : Student Name : INSTRUCTIONS a) Students are required to submit all three assignment sets. ASSIGNMENT DETAILS MARKS Assignment A Five Subjective Questions 10 Assignment B Three Subjective Questions + Case Study 10 Assignment
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difference in the level of activity assumed in the planning budget and the actual level of activity used in the flexible budget. Caution should be exercised in interpreting an activity variance. The “favorable” and “unfavorable” labels are perhaps misleading for activity variances that involve costs. A “favorable” activity variance for a cost occurs because the cost has some variable component and the actual level of activity
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pattern every year. According to company policy‚ variances are taken directly to the income statement as an adjustment to cost of goods sold. Favorable variances have the effect of increasing net operating income‚ and unfavorable variances have the effect of decreasing net operating income. Lansing had rigged the standards so that there were always large favorable variances. Company policy was a little vague about when these variances have to be reported on the divisional income statements. While the
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Use the following to answer question 1: Marger‚ Inc.‚ provided the following data for two recent months: [pic] |1. |Which of the following classifications best describes the behavior of Cost T? | |A) |Variable | |B) |Fixed
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should he employ MAI or I&K? c. Should the new product line be introduced? Analysis of the problem: MAI’s proposal directly provides Steve the conditional probabilities he needs such as the probability of a successful venture given a favorable survey. Although the information from Iverstine and Kinard (I&K) is different‚ we can easily use Bayes’ theory to I&K information to compute the revised probabilities. As such‚ does not need any additional information from I&K. Steve’s
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between the actual labor rate paid and the standard rate‚ multiplied by the number of actual hours worked. The formula is: Actual rate - Standard rate x Actual hours worked = Labor rate variance. An unfavorable variance means that the cost of labor was more expensive than anticipated‚ while a favorable variance indicates that the cost of labor was less expensive than planned. There are a number of possible causes of a labor rate variance. The labor rate variance will not be zero because workers ate
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Dallas Consulting Group Profit Variance Analysis Strategic Issues and Observations: The Dallas Consulting Group provides business strategy and operations management consulting services for its clients. Three consultant partners of the company help their clients in cost reduction by using different techniques like time streamlining production and reengineering operations. Since the company is making $80‚000 more profit than expected in year 2009‚ one of the partners‚ Dave Lundberg pointed out
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Marketing IBM 2014-‐2015 Harvard Business School : Case study TruEarth Healthy Foods : Market Research for a New Product Introduction There is many aspects that made the Cucina Fresca pasta successful. Here are some of them : TruEarth Healthy Foods was the first company to launch such a product so they had the advantages
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in 8 decreased to $27‚428. They need to increase their exposure within the bike market. They need to consider redoing their website‚ the website allows them to reach a wider audience 24 hours a day 7 days a week. Increasing advertising could be a favorable outcome on net sales since net sales were down in year 8 by -15%. Net sales are another area of concern within the budgeting schedule. They need to increase the net sales to meet their $5‚247‚450 budget for year 9. The budget chosen is too high
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concern of calling poison control. 2) From information in the case and a visit to the Activeion website what are the characteristics of the main target markets for the Activeion cleaning tools among a) business users and b) households? a) The businesses care about the environment and are risk takers. b) The households care about the environment and they are affluent. They also are marketing for the generation x/y. A couple of marketing mix issues are the price is too high. The product is
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