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 $35‚000 Formulas: Prime cost = Direct Materials cost + Direct Labor cost Conversion cost = Direct Labor cost
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How to maintain Nine Dragon Paper as the market leader in the paper manufacturing industry in China Introduction Nine Dragons Paper (NDP) is the largest paperboard manufacturer in China‚ and one of the largest in the world. Led by Mrs. Cheung‚ CEO‚ Chairman‚ and founder‚ it has successfully grown to the top of the industry through a “grow at all costs” strategy. But in the spring of 2009‚ the company’s rising debt levels had combined with declining margins to send the company’s share price tumbling
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order to do so they maintain 3 types of inventories: Raw material inventory and purchased components: The materials that are purchased but yet entered the manufacturing process. The main raw material (aluminum extrusions in alloys AA_6063 from DUBAI) is delivered from Karachi to Lahore by road through containers. This raw material arrives in trucks in the factory building where they check whether the quantity and quality of the delivered material is the same as ordered. Thus‚ the staff makes sure that
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East. Down considerably from the highs we saw over the summer period (where prices reached USD$…). However‚ at current levels is still regarded as very high… Traditionally raw material prices fall from about this point (end Oct) through to Dec. When they do and we get a “buying window” which is usually when raw material prices fall to around for a brief period of time‚ prices then sharply rise‚ so it is important you are ready to buy and “press your buying button” when this happens. Of course
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contribute majorly to the Nigerian economy in d following ways; 1) Sources of raw material for allied industries As we can see from the minerals highlighted above‚ minerals are major source of raw materials in industries e. g gold used for jewelries‚ limestone for cement‚ and so on. Organic deposits like coal and petroleum products like natural gas are used in powering machines in the industries. The raw materials are used in the production of household finishes like glass windows‚ aluminium
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CHAPTER 4: MARKETING THE QUALITY COMMITMENT The main aim of the Parle is to maintain a hygienic condition. It begins from the procurement of the raw material to the packaging and storage of the final product to ensure that a product of long lasting freshness is produced and delivered to the stores for consumers. Expert staff is responsible for the thorough checking of every batch of biscuits and confectionaries using the most modern equipment and technologies ensuring the consistent quality of the
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from China and increasing shipping times. Compare the assembly line in China to that in San Francisco along with the following dimensions: (1) volume or rate of production (2) required skill of the workers (3) level of automation (4) amount of raw materials and finished goods inventory. The case doesn’t give a lot of information on this‚ but I would assume the volume and rate of production in San Francisco would be lower than
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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
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Cost Sheet Format Particulars Amt (Rs.) Amt (Rs.) Opening Stock Of Raw Materials xxx Add: Purchase Of Raw Materials xxx Purchase Expenses xxx Less: Closing Stock Of Raw Materials xxx Defective Materials Returned xxx I. Raw material Consumed xxx II. Add: Direct Labor xxx Factory Wages‚ Productive Wages xxx Less: Abnormal Idle Time xxx III. Add: Direct Expenses Excise Duty xxx Royalty paid on production Basis xxx Hire Charges on Special plant
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resources‚ namely raw materials and time in addition to inefficiently pricing the products. Let us look at each of these factors separately. Raw Materials Let us calculate the total weight of raw materials used to produce the 4 items and compare that with the total weight of raw materials available Weight / piece (lbs) Patterned glasses 0.5 Paperwights 0.9 Wrapped tumblers 0.5 Vases 0.6 Item Weekly Production 19 10 32 8 Total Weight (lbs) 9.5 9 16 4.8 39.3 The total weight of raw material used = 39
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