Question 1: Prepare a variance analysis report based on the information in Exhibit 1. Would this be sufficient to explain the profit shortfall to Norton at the 8 AM meeting? This revenue variance is positive and favorable. That means they made more than the budget. However‚ the variance amount of expenses was $342‚060‚ which was unfavorable. That means they spent more than what they had budgeted for. The perform a variance analysis report Jenkins calculated would not be sufficient in order to explain
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Limitations of using variance analysis for performance evaluation Variance analysis is the process of examining in detail each variance between actual and standard costs to determine the reasons why budgeted results were not met. Despite the advantages highlighted above‚ there are several limitations that may result in the use of variance analysis for performance evaluation. I. The Barnes Scuba Diving business as a whole The analysis of the results might be imprecise due to overlooking other vital
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Ski Jacket Production Executive Summary The problem is to determine the optimal production level of the Egress new designed jacket given the uncertainty in the forecasted demand. As oppose to determining a single profit value in the deterministic approach‚ the probabilistic method will incorporate the uncertainty in estimated demand and provide insights of the range of profit outcomes and its associated risk (deviation from mean). The key issue is to understand impact of demand uncertainty and
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Marketing Chapter Five Case Study 5.2 1. How does Look-Look use technology to gain insights on the teen and young adult markets? Lee and Gordon felt the that younger people themselves were not given a very large part in the to play in the market research process‚ even though they were in the best situation to give complete accurate information about youth trends. So they created an internet communication system and enlisted young people to provide up to date information‚ right from them
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Full Metal Jacket In the movie Full Metal Jacket‚ directed by Stanley Kubrick‚ the plot evolved around a training camp before the Vietnam War. In the training camp the soldiers learned about‚ teamwork‚ and acceptance. The group ostracizes one soldier and he kills their drill sergeant. The Movie focuses on the horror and pressure of going to war and connects with “the things they carry”‚ by Tim O’Brien. In Full Metal Jacket‚ many uncomfortable areas are addressed. The majority of this film develops
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Film Analysis Within every man resides good and evil; which quality manifests itself is determined by how one is raised and views the world. Stanley Kubrick’s film Full Metal Jacket takes the concept of good or evil in man and shows how war‚ the marines‚ and government blur soldiers’ ideas of right or wrong. By injection of propaganda from these sources a misidentity is created within the solider. Once this misidentity has taken place it is the soldiers’ job to figure out what he is: a killing machine
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case study‚ we conclude that we need to do a variance analysis to better understand the plant performance compared to the previous year. The main problem in related to this case is about the falling in revenues‚ the performance of coal-plant‚ the price of coal and the quality of coal. All of this problem will be answered in the next sections in the qualitative analysis of Luotang Power. VARIANCE ANALYSIS QUANTITY VARIANCE The variance analysis is defined as the difference between the expected
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A new Look at Electronic Medical Records The case indicated that the electronic medical record (EMR) system opens a new vision for medical field. Hospitals record patients’ treatment information by EMR‚ including: personal information‚ test results‚ doctor’s advices‚ surgical records‚ and nursing records. These records EMR stored play a significant role in medical operation‚ which not only save time‚ but also enhance the record quality. The case also described that the social benefits EMR brought
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approached the jacket fast as if it was a stranger who’s hand I couldn’t wait to shake. As I looked at a jacket a smooth leather black jacket and looked in awe. I yelled at my mom‚ ”Is this my jacket?” She replied with‚ ”Yes it is.” I ran circles my mom is the best she got me the jacket that I wanted. Yours truly ran into the bathroom and looked at myself‚ ”Man I look good” I said as slicked my hair back and looked like James Bond. I then thought I shouldn’t bring my new jacket outside so I hung
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Stanley Kubrick uses his film‚ Full Metal Jacket to say that people today are brainwashed products of decades of conditioning. Kubrick strongly encourages us to relish individual thought. He expresses that society’s ideology encourages conformity‚ which can eventually cause fatality. Also the article "You Cant Hack It Little Girl: A Discussion Of The Covert Psychological Agenda of Modern Combat Training" by R Wayne Eisenhart realizes the extreme repression on individuality in the Marines.
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