1 In words Newark General Hospital’s $100‚000 cost variance indicates that realized cost was much greater than expected. D. Calculate and interpret the volume and price variance on the revenue side. Volume Variance = Flexible Revenues – Static Revenues = 4.8 – 4.7 = 0.1 Price Variance = Actual Revenues – Flexible Revenues = 4.5 – 4.8 = -0.3 These variances tell that higher than expected volume should have resulted in revenues being
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discussing how future economic conditions would affect their product‚ home air purifiers. They were particularly concerned about cost increases. They increased selling prices last year and thought another price increase would have an adverse affect on sales. They wondered if there was some way to reduce costs in order to maintain the existing price structure. McDonnell had attended a purchasing association meeting the previous night and heard a presentation by the president of a tool company on how his firm
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healthymagination criteria can be met or not based on the justifications. HepEcho Justification Product Economics | | * Japanese market is estimated to be at $400M‚ which equates to about 2666 units ($400M/$150K). **Assumption: Average price of ultrasound for mid-tier general imaging customer = $150K * The $36M investment can be recovered by selling 343 units within a 2 year period ($36M/$120K-$15K = 343 units). **Cost is based on a multiplier of 8 then mc*8 = $120K‚ therefore‚ mc
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Baye’s Rule Calculations 20 Figure O: Decision Tree (Financial Forecasters) 21 Figure P: Strategy Region High Demand 22 Figure Q: Strategy Region Low Demand 23 Figure R: Strategy Region Outsource Cost 24 Figure S: Strategy Region Clearance Price 25 Figure T: Strategy Region Probability of High Demand 26 Overview There are a number of inherent risks associated with any potential decision that Avalanche Corporation has to make regarding the production of the Avalanche Racer. The most inherent
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accessories A fair return on finance Fashion atmosphere 2 3 4 2 Objectives 1 Recover the cost and gain 30% profits in total Premier source of fashion office supplies and accessories around the university 2 3 完成情况 in a lower price Offer the pretty and lovely products 4 Take fresh and interesting to student learning life through our fabulous stationeries 5 Guide student doing things for Children Charity 3 单击此处编辑母版标题样式 The Product and Service • 单击此处编辑母版文本样式
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1. Question : Related to Problem 1‚ compute the average markup percentage for setting prices as a percentage of the full cost of the product. Student Answer: Direct materials $60‚000 Direct manufacturing labor $40‚000 Factory overhead-variable $30‚000 Factory overhead-Fixed $50‚000 Selling and administrative expenses-variable $20‚000 Selling and administrative expenses-Fixed $30‚000 Full cost of the product $230‚000 Sales = $300‚000 Profit = $300‚00 - $230‚000 = $70‚000 Average markup percentage
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MEDICINAL LEECHES Over the years‚ people have been more and more conscious about the expensive prices of farmaceutical drugs. Either is it for a simple cough‚ headache or blood pressure problems‚ all we hear is how much everything costs. Starting to think about it and talking to elderly people‚ we found out that majority of them would still like to get their hands on Russian drugs‚ which they say have more effect and are cheaper‚ because they are made in Russia. Let us also draw our attention to
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Question no1: “S&R has taken a risk in entering a market that is large‚ but offeres little flexibility in terms of price and business eenvironment”. Discuss. Entering Indian market was quite a challenge for Simon not only convincing the board but taking up the responsibility to personally assist the whole process of franchising in India was a major challenge in his career. Indian market is famous for its “value buying” behavior; and S&R is a brand known for its high quality and value for money
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(15%) 3. Clearly define the approach (This will be a key part of the assessment measured across the above) Some key questions need to answer by deep diving into to solve the case Pricing - Are prices changing? 1. Does Laptop price with time? 2. Are prices over retail outlets consistent? 3. How does price change with configuration? Stores - How location is influencing sales? 1. Where are the stores and customers located? 2. Which stores are selling most? 3. How far would customers travel to buy
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commodity at large‚ does pricing affect demand in the industry? No‚ pricing does not affect demand in the industry. Cement is a homogeneous product with low price elasticity due to lack of substitute materials. Market demand for cement is normally elastic given its low value commodity character. However‚ demand for cement is local and price inelasticity’s can be observed especially among different grades of cement. The market demand for cement worldwide keeps growing and as the standard of living
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