1) Profit Compensation Insurance Direct Labor Power Materials Supplies Repairs 158 Product 103 Total Standard 88 1341 59 946 68 20 Other Income Actual Sales 67.05 10 Remove? - Yes OK to remove 5202 Effect on 2004 Margin if Product 103 dropped -2532 A drastic net loss -2543 2) They should lower the price due to the increase in Contribution Margin shown below: Year 2005 Price Unit Sales Total Sales Compensation Insurance Direct Labor Power Materials Supplies Repairs Total Variable Costs Contribution
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Answer#1 First Six-Months Price Variance Efficiency Variance Sales-Volumn Variance AQ*AP AQ*SP SQ*SP Static Q*SP Raw Materials 590000*3.867=2281000 79000F 590000*4=2360000 104000U 188000*3*4=2256000 144000F 200000*3*4=2400000 Direct Labor 400000*11=4400000 $- 400000*11=4400000 264000U 188000*2*11=4136000 264000F 200000*2*11=4400000 Spending Variance Efficiency Variance Never a Variance Actual Input
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Marketing and Manufacturing: The Coexistence Introduction: Marketing and Manufacturing are the two extremes for any production company who aims at market capture. The dedicated marketing team‚ with the job of enhanced sales and better hold on the market works day in and day out for the organization whereas the product they aim to market is a result of the hard work‚ precision and determination of a number of employees working in unison to build a market ready product. Often this has been observed
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Financial Accounting 1) Purpose of Financial Accounting is to provide financial information to a) Shareholders b) Board Of Directors c) Tax Authorities d) All Of these. 2) According to the Money Measurement concept‚the following will be recorded in the books of accounts a) Quality Control in Business b) Commission Payable to salesmen c) Extra profits made due to introduction of Budgetory Control System d) All of these. 3) A provision is a a) General Reserve b) pecific Reserve c) Capital Reserve d)
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DQ1. What is the value of performing hypotheses tests to solve problems related to business and operations management? Provide specific examples. “We define two hypotheses: (1) The null hypothesis is that which represents the status quo to the party performing the sampling experiment-the hypothesis that will be accepted unless the data provide convincing evidence that it is false. (2) The alternative‚ or research‚ hypothesis is that which will be accepted only if the data provide convincing evidence
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Pre-Feasibility Study LEATHER GARMENTS MANUFACTURING UNIT Small and Medium Enterprises Development Authority Government of Pakistan www.smeda.org.pk HEAD OFFICE 6th Floor LDA Plaza Egerton Road‚ Lahore Tel (042)111 111 456‚ Fax: (042) 36304926-7 helpdesk@smeda.org.pk REGIONAL OFFICE REGIONAL OFFICE REGIONAL OFFICE PUNJAB SINDH KHYBER PAKTUNKHWA BALOCHISTAN 8th Floor LDA Plaza‚ Egerton Road‚ Lahore. Tel: (042) 111 111 456‚ Fax: (042) 36370474 helpdesk.punjab@smeda.org.pk 5TH Floor‚ Bahria
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Human Resources for Riordan Manufacturing Being a fortune 1000 enterprise and leader in the area of plastic injection molding‚ Riordan Manufacturing‚ Inc. has gained international praise on producing new and improved plastic designs with their “state of the art design capabilities.” (Virtual Organization) Riordan Manufacturing’s facilities are located in San Jose‚ CA; Albany‚ GA; Pontiac‚ MI; and Hangzhou‚ China. Some of their products include: plastic drink containers (GA)‚ tailor-made plastic parts
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Riordan Business Systems Verne Weikle BSA/310 August 12‚ 2012 Michele Petrone Executive Summary Riordan Manufacturing’s (Riordan) Chief Executive Officer has requested a review of all Riordan’s business systems issued on Service Request SR-rm-012 (University of Phoenix‚ 2013). The comprehensive review will provide management the information needed to determine any improvements to Riordan’s business systems. First‚ the review will assess Riordan’s existing business systems by department
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Corporate Compliance Plan: Riordan Manufacturing name University of Phoenix LAW/531 Business Law SC10MBA01B Teacher name May 26‚ 2010 Corporate Compliance Plan: Riordan Manufacturing In the early 20th century many large corporations were guilty of committing scandals and fraudulent activities. Many people today are very familiar with Sarbanes Oxley Act (SOX) of 2002 when the large companies such as Enron‚ WorldCom‚ Adelphia‚ and many others collapsed between 2001 and 2002‚ and Congress
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1.0 INTRODUCTION: From humble beginnings‚ Tesco has grown to become the UK’s largest supermarket chain. Over ten years ago‚ Tesco set its sights on becoming the Toyota of the grocery business. Since then the company has become renowned for its best practices in supply chain management (SCM)‚ which included lean management and the use of RFID technology. The company has got an advantage over its competitors by incorporating innovation in its supply chain like point of the sale data‚ continued replenishment
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