Case Study I Materials purchased $325‚000 Direct Labor $220‚000 Sales $1‚350‚000 Gross Margin 30% Cost of Goods Available for Sale $1‚020‚000 Prime Costs $545‚000 Manufacturer Overhead 65% of Conversion cost Direct Materials $325‚000 Beginning Inventory numbers: Raw Materials $41‚000 Works in Process $56‚000 Finished Goods $35‚000 Formulas: Prime cost = Direct Materials cost + Direct Labor cost Conversion cost = Direct Labor cost
Premium Supply chain management terms Manufacturing Inventory
manufactures baseball-style hats. Material is introduced at the beginning of the process in the Cutting Department. Conversion costs are incurred (and allocated) uniformly throughout the process. As the cutting of material is completed‚ the pieces are immediately transferred to the Sewing Department. Data for the Cutting Department for the month of February 2005 follow: Work in process‚ January 31-- 50‚000 units 100% complete for direct materials‚ 40% completed for conversion costs
Premium FIFO and LIFO accounting Units of measurement Inventory
Natural Elements account for 99% weight of living things. “More perfect nature is fewer means it requires to operate. “ • Different materials add different performance charactertics - Potato chip Bag • A simple palette makes recycling easy where as all the products cannot be recycled back. Less Is More Cycle Up Virtuously • Nature: Repeated use of the same materials allowing biosphere towards more integrated and sustainable community. • Up cycling maintains the quality of products through generations
Premium Recycling Toxicity Material
CAPARAS Trainer/Resource Speaker Contact Number: 0927-2861845 Points to Consider in Starting a Meat Processing Project 1. Determination‚ enthusiasm and perseverance to start a business. 2. Market for the products. 3. Sourcing‚ for raw materials‚ ingredients and packaging. 4. Availability of simple equipment and utensils. 5. Capital to start the business. 6. Personnel to attend to the processing operations. 7. Allocate time for processing. 8. Identification of product
Premium Meat Meat processing Kilogram
Republic of the Philippines CENTRAL LUZON STATE UNIVERSITY Science City of Muñoz‚ Nueva Ecija COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY ART PLASTIQUE: Crocheted Plastic Accessories A Business Plan presented to the Faculty of Business Administration and Accountancy In Partial Fulfillment of the Requirements for the Degree of Business Administration Major in Human Resource Development Management by Abucay‚ Maria Rosenda B. Alawi‚ Alma Baesa A. Fabros‚ Jocelyn G. Rafa
Premium Inventory USB flash drive Balance sheet
THE WORLD’S NUMBER ONE INJECTION HOSE SYSTEM FUKO is a specially designed and patented solid core PVC Injection Hose System which is installed in concrete joints to waterproof and seal any cracks or voids in the joint area. The FUKO System seals joints watertight and offers a complete maintenance program if leakage appears in the future. When Portland Cement‚ Microfine Cement‚ or Duroseal Injection Resins are selected‚ the FUKO System can be used for multiple re-injections – a significant advantage
Premium Sewage treatment Vacuum Concrete
i) Why is material master one of the most complex types of data in an ERP system? This type of data is used frequently since materials are purchased‚ produced‚ sold and planned. They are transferred numerous times from departments to warehouses to suppliers; therefore it is complex to track of all the processes. ii) Provide some examples of data typically included in a material master for GBI case. Most of GBI’s materials consist of bike parts since they are in the bicycle production business
Premium Organization Enterprise resource planning Management
A SUMMER TRAINING PROJECT REPORT ON INVENTORY MANAGEMENT IN JUBILANT ORGANOSYS LTD. GAJRAULA‚ (U.P.) PROJECT REPORT SUBMITTED IN PARTIAL FULFILMENT OF MASTER OF BUSINESS ADMINISTRATION OF Uttar Pradesh Technical University Under the Guidance of: Mr. Anil Kumar Goal (Finance Faculty) IVS Institute of Management (Mathura) Submitted By: VAIBHAV AGARWAL M.B.A. IIIrd Sem. Roll. No. 0730870025 [pic] IVS Institute
Premium Inventory Manufacturing Supply chain management
layouts already in use in order to introduce new methods and improvements in the manufacturing procedures. Objectives of a good plant layout: The following objectives can be attained by a proper design of layouts: 1. Economy in handling materials‚ WIP and finished goods. 2. Minimization of production delays. 3. Lesser WIP and minimum manufacturing cycle time. 4. Efficient utilization of available space. 5. Easy supervision and better production control. 6. Greater flexibility
Premium Manufacturing Material Machine
3 10x1 + 5x2 +x3 +x5> 25 10x1 + 5x2 +x3 +x5 <35 6x1 + 4x2 +7x3 +2x4 +2x5> 40 3x1 +2x2 +4x3 +5x4 +x5> 35 Z‚ xi> 0 2. XYZ Company wants to award contracts for the supply of 4 of its major raw materials. Four (4) suppliers had submitted bids for the materials‚ with bid prices summarized below: Supplier | Bid
Premium BMW Advertising Cost