Introduction This case mainly deals with the varying types of operational challenges that Albatross Anchor is currently facing. The pricing is not a major issue for the organization and it is able to sell its products at a consistent market rate; however it is unable to realise its full profit potential due to the presence of a lot of operational inefficiencies. It is evident that if the firm is able to overcome all of these challenges‚ it can make the same level of profits as that of their competitors
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1. | Question : | (TCO F) Assume there is no beginning work in process inventory and the ending work in process inventory is 100% complete with respect to materials costs. The number of equivalent units with respect to materials costs under the weighted-average method is: | Student Answer: The same as the number of units put into production. | 2. | Question : | (TCO F) Process costing would be appropriate for each of the following except: | Student Answer: custom furniture
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COMPANY Income Statement For Year Ended December 31‚ 2013 Sales $4‚525‚000 Less sales discounts 62‚500 Net sales 4‚462‚500 Cost of goods sold Finished goods inventory‚ December 31‚ 2012 $ 167‚350 Cost of goods manufactured 1‚935‚650 Goods available for sale 2‚103‚000 Less finished goods inventory‚ December 31‚ 2013 136‚490 Cost of goods sold 1‚966‚510 Gross profit from sales 2‚495‚990 Operating expenses Selling expenses
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includes economies of scale in material purchasing‚ raw materials and finished goods sitting idle in the warehouse. b) Economies of Scale in material purchasing: Economies of scale are reductions in average costs attributable to production volume increases. c) Cost of Raw Materials Sitting Idle in the Warehouse: d) Cost of Finished Goods Sitting Idle in the Warehouse: 2. Speed of manufacturing process from order to finished product. 3. Flexibility in filling order(s) 4. Technology 5. Capacity
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Active / Passive Verb Forms Sentences can be active or passive. Therefore‚ tenses also have "active forms" and "passive forms." You must learn to recognize the difference to successfully speak English. Active Form In active sentences‚ the thing doing the action is the subject of the sentence and the thing receiving the action is the object. Most sentences are active. Basic form: [Thing doing action] + [verb] + [thing receiving action] Examples: - The professor teaches the students
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@ballerina_breahn @ballerina_breahn Cell City News Cell City News This story can fit 75-125 words. Your headline is an important part of the newsletter and should be considered carefully. In a few words‚ it should accurately represent the contents of the story and draw readers into the story. Develop the headline before you write the story. This way‚ the headline will help you keep the story focused. Examples of possible headlines include Product Wins Industry Award‚ New Product Can Save
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Income statement and schedule of cost of goods manufactured. Chan Ltd Income Statement for the Year Ended 31 December 2011 (in millions) Revenues $700 Cost of goods sold: Beginning finished goods‚ 1 Jan. 2011 $ 80 Cost of goods manufactured (below) 408 Cost of goods available for sale 488 Ending finished goods‚ 31 Dec. 2011 (24) (464) Gross margin 236 Marketing‚ distribution‚ and customer-service costs (180) Operating income $ 56 Chan Ltd Schedule of Cost of Goods Manufactured
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expected to be "’uncollectible. The beginning balance of accounts receivable‚ all of which is expected to be collected in the first quarter‚ is $70‚200. The company expects to start the first quarter with 1‚650 units in finished goods inventory. Management desires an ending finished goods inventory
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The Qin Dynasty extended the Great Wall and standardized coins‚ weights and measures. The Han Dynasty accomplished more things than the other dynasties‚ they invented paper‚ the seismograph‚ set up the Silk Road‚ started exams for civil service and finished the Great Wall. Thesis Statement; Although the other dynasties were great‚ the Han Dynasty was the greatest. Support Paragraph
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High percentage of re-working poor quality finished products. 2. Explain 2 problems that can be created when using a traditional quality control system. Using a traditional Quality control system‚ these problems may arise: High percentage of errors may arise for the reason that they are performing inspection at the last minute instead of doing it every step of the production process. Higher costs may be the result of re-working poor quality finished product because this will be very expensive
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