What was the Kanthal president‚ Ridderstrale‚ attempting to accomplish with the Account Management System? Are these sensible goals? Why or why not? The motivation for Carl-Erik Ridderstrale‚ president of Kanthal‚ to develop an Account Management System was to find a process of determining the profitability of individual customer orders. An accurate account measurement system was needed in order to achieve a strategy for increasing growth and profitability without adding a significant amount of sales
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1. What was the Kanthal president‚ Ridderstråle‚ attempting to accomplish with the Account Management System? Are these sensible goals? Ridderstrale had the objective to find hidden profits and losses contained in their current accounting system. The old system did not fully disclose how their costs were applied to the sales accounts. The goals are very sensible as they will allow them to move forward with the proper information. 2. Why did Ridderstråle feel that the previous cost system
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1. Basic Concepts Product cost = Direct Labor (DL) + Direct Materials (DM) + Manufacturing Overhead (MOH) Financial accounting Managerial Accounting + Sales + Sales - COGS - Variable Costs = Gross Profit = Contribution Margin - SG&A - Fixed Costs = Net Profit = Net Profit COGS (Cost of Goods Sold) is an “inventoriable cost” ( recorded in the Balance Sheet as inventory and expensed (Income Statement) when goods are sold SG&A (Selling‚ General & Administrative) are
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2011 Individual Case Study Kanthal A (Weight: 10% of Final Grade) Due Date for submission: 4pm Friday 2nd September‚ 2011 Each student needs to complete a case study write-up and submit by the due date following the submission requirements outlined in the course profile (and provided below). Students need to address the following questions in their case study write-up for the Kanthal A case: 1. Describe the competitive environment in which Kanthal operates. 2. Describe in
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temperature where the ferromagnetic property disappears as a result of thermal agitation. This temperature is called curie temperature. To determine curie temperature by varying the voltage across the kanthal wire ABSTRACT : This report is based upon the experiment in which “curie temperature of kanthal wire’’ was measured. by the variation of voltage connected across it. We know that the wires become hot due to passage of current through them This is due to the fact that when an external source is
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Getting a quality wire is one step to achieving a satisfactory vaping experience. If you are an advanced vaper and have been building coils for some time‚ then you can understand what I mean. Getting an elastic wire that is easy to bend and build and at the same time a great conductor of heat‚ then you have got yourself a good one. One thing we can all agree on is that Nichrome is a great coil material‚ especially‚ for sub-ohm vaping. And‚ one of the best Nichrome wires is the Anarchist Competitive
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Kellogg School of Management Levers to Maximize Profit © 2005 Bala V. Balachandran Kellogg School of Management Levers to Maximize Profit © 2005 Bala V. Balachandran Kellogg School of Management Bala’s 4Ms Measure Both Revenues & Costs Correctly (ABC) Monitor Movement of Both Revenues & Costs To Apply 50% Rule For Benchmarking Rule-I and Cashew nut Rule-II & continuous Improvement Manage For Action Plan Yield Management / Revenue Management Thru-put Management Activity-Based Management Process Value
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ACG 5308 / Accounting‚ Planning and Control /Smith/ Kanthal (A) Cooper‚ R. & Kaplan‚ R. S. (1999). The Design of Cost Management Systems: Text and Cases (Second Edition). Upper Saddle River‚ New Jersey: Prentice Hall. {Pp. 355-362} Provide complete‚ well-documented responses to each of the following items. A. Describe Kanthal’s competitive position and strategy and operating problems. B. Describe the design‚ strengths‚ and weaknesses of Kanthal’s existing (old) cost accounting system. C. Describe
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growth and profitability. He thought the account management system would enable the company to get sales managers to accept responsibility for promoting high-margin to high- profit customers. 2. The Kanthal 90 plan specified overall profit objectives by division‚ by product line‚ and by market. The Kanthal 90 account management system is to determine how much profit was earned each time a customer placed a particular order. The system should attempt to measure the costs that individual customer orders
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MANAGERIAL ACCOUNTING FOR DECISION MAKING AMIS 823 – Spring 2008 Course Syllabus INSTRUCTOR: Prakash R. Mulchandani OFFICE HOURS: M/W 3:30-4:30pm‚ and by appointment OFFICE: 432 Fisher Hall E-MAIL: mulchandani.3@osu.edu TELEPHONE: (614) 247-6267 FAX: (614) 292-2118 COURSE OUTLINE This course focuses on the strategic nature of management accounting and emphasizes the critical role that information plays in decision-making‚ strategy execution‚ and overall enhancement of a firm’s
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