500 + 10‚000 + 12‚000 = 42‚000 Machine hrs= 20‚000 Therefore POHR = 42‚000 / 20‚000 = $2.10 2. Which of the following would probably be the least appropriate allocation base for allocating overhead in a highly automated manufacturer of specialty valves? A) machine-hours B) power consumption C) direct labor-hours D) machine setups Answer: C) direct labor-hours 3. Nil Co. uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs
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Case Study: Westover Electrical‚ Inc. Westover Electrical‚ Inc.‚ is a medium-size Houston manufacturer of wire windings used in making electric motors. Joe Wilson‚ VP operations‚ has experienced an increasing problem with rejected product found during the manufacturing operation. "I’m not sure where to begin‚" admitted Joe at the weekly meeting with his boss. "Rejects in the Winding Department have been killing us the past two months. Nobody in operations has any idea why. I have just brought in
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CHAPTER 19 CORPORATIONS 1. – THE NATURE AND CLASSIFICATION OF CORPORATIONS A corporation is a legal entity created and recognized by state law. It can consist of one or two persons identified under a common name. CORPORATE PERSONNEL When an individual purchases a share of stock in a corporation‚ that person becomes a shareholder and owner of the corporation. Shareholder and corporations are liable. THE LIMITED LIABILITY OF SHAREHOLDER One of the key advantages of the corporate forms
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November 2004. The new company was to be called Sears Holdings Corporation. Like many retailers‚ both Sears and Kmart struggled to attract shoppers in an overcrowded industry and a slumping economy. Sears Holdings had just launched a bid in November 2007 to purchase Restoration Hardware‚ a home- goods retailer (Wheelen and Hunger‚ 2012). The remainder of this assignment answers discussion questions based on the content of Unit 4 and the Case Analysis of “Kmart and Sears: Stuck in the Middle.” Body
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An Analytical Study on Titan v/s Timex with respect to STP and Consumer Behaviour Prepared for: Prof. Subrat Sahu (Marketing Management) By Khushboo Mandot Roll no: 23 SKIPS LETTER OF TRANSMITTAL November 13‚ 2008 Prof. Subrat Sahu Marketing Management SKIPS Dear Sir‚ I have completed the report that you requested. This report examines the differences between Titan and Timex with respect to its segmentation‚ targeting and positioning strategies as well
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Meredith Corporation Video Case Study #1 About Meredith Corporation Meredith Corporation is a marketing company that deals with many well known brands‚ including magazines such as Better Homes and Gardens‚ Family Circle and Ladies Home Journal. Their publications reach about 30 million readers in 8 out of 10 homes. They serve the media as well‚ with brands on television and other markets. Meredith Corporation is popular in marketing items that serve the home and family‚ health and wellness
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Marriott Corporation: The Cost of Capital Simrith Sidhu‚ Amy-Jane Miocevich‚ Jacques Rousset‚ Jing Tao Task One: Marriott uses the Weighted Average Cost of Capital (WACC) to measure the opportunity cost for investments. WACC is calculated using the 1987 financial data provided in the Marriot Corporation: The Cost of Capital (Abridged) case study and estimators. WACC = Cost of Equity x (Equity/Debt +Equity) + Cost of Debt x (Debt/(Debt + Equity)) x (1 – Tax Rate) This method is applied for
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What should the controller of Lexsteel do in order to address the potential problems within the corporation? • The controller became aware of the potential problems with the accounts payable system because of the discussion made with the external auditors. • Each branch manager is given the authority to order materials and issue emergency purchase orders directly to the vendors. • Physical counts of raw materials are not performed since there is a cost-effective computerized perpetual inventory
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CASE STUDY NATIONAL AIR EXPRESS 1. The productivity measure of shipments per day per truck is still useful‚ but it needs to be factored together with the customer service standards that Smith wants incorporated. Then on the return trip to pick up packages‚ the driver can pick up the completed paperwork and already-packed boxes much more quickly without having to worry about rushing the customer. (" National Air Express"). Furthermore‚ even traffic and weather conditions can be worked around
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1. Livingston calls meeting to discuss major problems with management cost and control system (MCCS) a. Antiquated MCCS reporting procedures made Crosby Manufacturing Corporation a nonstarter of sorts for three large government contracts because they were not capable of adhering to the customer’s financial reporting requirements 2. Crosby Manufacturing was $250-million-a-year electronics component manufacturing firm in 2005‚ when Wilfred Livingston became president a. First goals towards obtaining
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