Was the existing system adequate in the past? Why or why not? Why is it no longer adequate? The existing system was adequate in the past due to heavy reliance on direct labor hours. The ETO served as a central cost center‚ and transferred the costs to other divisions at direct costs plus allocated burden. Being in the late 1970s and early 1980s‚ technology testing of components required fewer cycles‚ and less complicated structures. Hence‚ such testing on products could be carried out by direct
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Youth Unemployment in South Africa: Reasons‚ Costs and Solutions Word Count: +- 1940 words Introduction – A description of the question: “What are the causes of youth unemployment?” A high employment rate among the people of a nation promotes a spirit of dignity‚ independence‚ achievement and innovation – it isn’t only about earning a form of income. In stark contrast‚ unemployment in South Africa is accompanied by social troubles such as violence‚ poverty‚ a loss of
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patient if none of the indicators are used as predictors. Variables not in equation with sig. values Pulse Rate 0.004 Systolic BP 0.000 Sugar Level 0.001 HB 0.450 The table shows that if Pulse rate‚ systolic BP and Sugar level are used for prediction it will help to predict the post-operative status of the patient more accurately while HB does not matter Block 1 Omnibus sig 0.0000 Neglekark R square 0.548 Cox & Snell R-square 0.458 The omnibus test is showing that the logit model is expected
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significantly increasing the inventory holding costs. Therefore‚ quantitative and qualitative analysis needs to be done to check the feasibility of having a common National Distribution Centre (NDC) or combining the demand of certain regions or products to have an optimized solution to minimize the total cost by trading off the increased distribution cost and warehouse cost with reduced inventory holding cost Calculating the annual inventory and distribution cost of the current distribution system: In
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management concluded the large fixed cost absorbed sale figure. First it is important to understand the standard costing system implemented in Rubber group. Standard costing assigns quantity and price standards to each component of variable and fixed costs in calculating the total cost. In the case of NASA‚ the system uses standard purchasing price (input cost) and standard inputs usage in place for variable costs‚ and standard spending price (input cost) and standard
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1) What caused the existing system at ETO to fail? This system was based on the assumption that direct costs and overhead are consumed in the same proportion for all product testing. However‚ this is not the case and therefore the system failed. For example‚ due to the implementation of the vendor certification and the just-in-time delivery‚ some products are already tested and do not need any further tests‚ and ETO faces a decreasing number of the tests performed. On the other hand‚ new components
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shortage of inventory available for sale. To cover this problem‚ Gamuda should make sure its stock always at appropriate levels and also investigate methods of lowering cost of goods sold. For example‚ Gamuda can investigate alternative suppliers selling similar quality products for less or take advantage of discounts offered to lower costs. Gamuda can also apply marketing concept which was target customers more
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TO: Emily Whitfield FROM: THU NGUYEN DATE: 02-21-12 SUBJECT: Case Problem #2 Problem Statement Don Capita‚ the owner of Carpita Bottling Company in Lakeland‚ Wisconsin‚ received a phone call from the J.R. Summers grocery manager regarding the recently shipment. She requested Carpita Company to replace the entire of shipment because there were several bottles that weren’t qualified the fill level of 16-ounces. Therefore‚ Don decided to take a sample of 64 bottles of beer from the store to measure
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Scenario One: Cost Club Jenny Nelson May 25‚ 2015 University of Phoenix HRM/546 Thomas Kershaw Memorandum To: Pat Kershaw‚ Human Resources Manager‚ Atlanta Region From: Jenny Nelson‚ Assistant Human Resources Manager‚ Atlanta Region Date: May 25‚ 2015 Re: Five Region Wide Human Resource Concerns Ms. Kershaw‚ This memo is in response to the recent human resource issues that have occurred in the Atlanta region. You had emailed me and asked that I respond with the following. There are
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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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