“Case Analysis of Luxor Cosmetic” REGIS UNIVERSITY Date: March 25th‚ 2013 Week-4 assignment MSAA 609: Cost Management Executive Summary An effective business strategy and budgeting is very essential in a manufacturing industry. A company without a proper business strategy and master budgeting plan would usually faces tremendous challenges and losses during its business operations. The importance of company’s business strategies and budgeting
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Luxor Cosmetics Case Luxor Cosmetics is in a difficult situation in which changes need to be made. There a few items that need immediate attention. Per an evaluation of the account balance trends‚ their inventory only increases every year‚ for example: Lipstick’s inventory increase is about 20% per year; Nail Polish increase is about 20% per year‚ leveling out at $11 million in 2009 -2010. Their Creams inventory remains constant‚ since the cream’s market is a totally different concept‚ it does
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calculations are done for goods produced in the year in question Question 2 (cost of goods manufactured in 2008/ sales value for units produced in 2008) * ending inventory 2008 (16.8/21) * 11.5 9.748 million Question 3 Luxor uses a FIFO inventory system‚ so the inventory that is sold first actually may come from prior years. Because of this‚ goods that are sold in each year need to be separated into goods produced in that year and goods produced in prior years. This is
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Case question 1 Variable manufacturing costs as a percentage of sales and the markup on variable manufacturing cost to establish the selling prices for each of the three product lines in 2008 en 2010: Compared markup 2008 and 2010: The markup is lower in 2010 because Luxor lowered the selling prices for lipstick in 2009 and for nail polish in 2010. They had to do this because the discount chains continued to put pressure on them to reduce the prices for lipstick and nail polish. Case
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Product Diversification or core competencies Company: - Luxor Writing Instruments Private Limited (LWIPL) Date: September 26‚ 2011 Purpose Statement * To study the marketing mix & providing our view points on the various aspects of it. * To analyze the business decision of Luxor Writing Instruments Private Limited (LWIPL) who wants to diversify into packaged food and hospitality industry from its current business
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Luxor Temple and its Conservation Efforts What is the Luxor Temple? The temple of Luxor is a large temple complex situated on the east bank of the River Nile in the town of Luxor‚ Egypt. The temple was known as "ipet resyt" and it was founded around 1400 BC. Access to the temple is by a gate that is thought to have been constructed during the Roman period. In ancient times‚ the temple connected the Karnak and Luxor temples with an avenue. Nectanebo I lined this road with human headed sphinxes in
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sacred sites. The design of numerous temples was symbolic. Luxor has often been called the "worlds greatest open air museum"‚ as indeed it is and much more. The number and safeguarding of the monuments in the Luxor area is said to be unparalleled then in any other part of the world. Actually‚ Luxor is really comprised of three different areas‚ consisting of the City of Luxor on the East side of the Nile‚ the town of Karnak just north of Luxor and Thebes‚ which the ancient Egyptians called Waset‚ which
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Luxor temple The architecture of ancient Egypt‚ one of the most influential civilizations throughout history‚ which developed a vast array of diverse structures and great architectural monuments along the Nile‚ among the largest and most famous of which are the Great Pyramid of Giza ‚temples of Luxor and the Great Sphinx of Giza. Luxor (Thebes) is a city in Upper (southern) Egypt . Luxor has frequently been characterized as the "world’s greatest open air museum"‚ there are six great temples
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im going to talk about two famous citites which are called corsica and luxor. A glimpse of Corsica makes anyone wonder of the amazing scenery that lies on it. It has three climate combinations one can adjust from. The different dimensions of its landscape from various directions are characterized for its magnificent features. Corsica also offers a wide range of beaches for tourists to enjoy. Cars are the main transport‚ and renting one is easy‚ but roads are dangerous that safety is a lot needed
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Regulatory issues/agencies All cosmetic products marketed in the USA must comply with the Federal Food‚ Drug and Cosmetic Act (FD&C Act)‚ the Fair Packaging and Labeling Act (FPLA) and the Food and Drug Administration (FDA). Adulterated or misbranded cosmetics cannot be distributed according to the FD&C Act (Cosmetic Handbook‚ 1992). Manufacturers are not required to test their products for safety though the FDA strongly encourages safety tests. If a claim cannot be adequately substantiated‚ the
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