Topic: “In a news article titled‚ Shifting Gear: Chrysler Gains Edge by Giving New Flexibility to Its Factories (WSJ‚ 04/11/2006) presented the benefits and case for flexible manufacturing. Comment on the advantages and disadvantage of flexible manufacturing? Comment on the scope economies presented in the news article? What does the existence of such economies imply about the production of autos in growing fragmented market? “ In the news article‚ “Chrysler Gains Edge by Giving New Flexibility
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Lorson Manufacturing Company Case Study Executive Summary Lorson Manufacturing Company is actively seeking to implement tighter cost control measures in an industry that is largely governed by prices. The purpose of this report is to present and analyse a new costing system proposed by Mr. Jan Lorson for the valve department of the company‚ and compare it to the existing system‚ in order to judge whether to go forward with its implementation. The analysis uses a number of examples to highlight
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following per unit data apply for sales to regular customers: Direct materials $455 Direct labor 300 Variable manufacturing support 45 Fixed manufacturing support 100 Total manufacturing costs 900 Markup (60%) 540 Targeted selling price $1440 Grant’s Kitchens has excess capacity. Ms. Wang wants the cabinets in cherry rather than oak‚ so direct material costs will increase by $30 per unit. 72. For Grant’s Kitchens‚ what is the minimum acceptable price of this one-time-only
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Here’s why Messi is superior to Ronaldo In the world of football‚ we have many stars‚ but there are two stars superior to the others‚ so comparisons abound among them. Messi and Ronaldo‚ the most famous in the world of football‚ everyone knows them‚ modern media and the press always better than them. Therefore‚ we will know what is being said about them. Who Say that Cristiano Ronaldo is the best always inferred to his speed‚ with the strength of his body and head ball‚ and its ability to Sight
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Littleton Manufacturing facilitates poor upward and downward communication throughout all levels of the organization. As a result of the ineffective communication system‚ Littleton faces a number of issues which ultimately has affected the bottom line of the company. Key challenges to note are low employee morale‚ low level of unity within the organization‚ poorly designed organizational structure and confusion in interpreting procedures and rules. Improving the accuracy and speed of the flow
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factors about the client by learning about the industry‚ regulations‚ etc as listed above. The auditor should also try to assess the control risk factors. Were transactions subject to management override? If they were‚ then internal controls are less effective. Thus‚ internal control is less reliable and internal control should be high. Further‚ it may take more work to reduce the audit risk to an acceptable level. b. (AU 315.09) The successor auditor should make specific and reasonable inquiries
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~)IJAND Cost Economies in EU Banking Systems Yener Altunbas and Philip Molyneux This paper examines the cost structure of four EU banking systems using the translog cost function methodology. The results indicate strong evidence of economies of scale across all output sizes for the French‚ German and Spanish systems. In contrast‚ the Italian system appears to exhibit constant and diseconomies of scale. Costs also appear to be subadditive across all output ranges apart from the Italian system. These
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Many Japanese companies have become extremely successful in international business during the past twenty years. Which Japanese firms and products are well known in your country? In your opinion‚ why have these Japanese products been so successful? 3. The Japanese style of management has received considerable attention lately because of the success of the Japanese in doing business overseas. What do you know about Japanese management techniques? 4. How would you describe the system of management
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Garsombke Abstract Green Manufacturing is a method of manufacturing that minimizes waste and pollution achieved through product and process design. It is also a method that supports and sustains a renewable way of producing products and/or services that do no harm to you or the environment. Green Manufacturing goals are to conserve natural resources for future generations. The benefit of Green Manufacturing is to create a great reputation to the public‚ saves useless cost‚ and promotes research and
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Are We Really Superior? For centuries humans have being considered as the superior specie‚ due to evolution humans are supposed to be the smarter‚ better and superior kind‚ but are we really the superior specie. We are destroying the habitats of the “inferior” specie; we are not only leaving them without homes but worse of all. We are using for ENTERTAINTMENT. We are making them do tricks for us‚ we are using them to get money; we are holding them captive; in places like zoos‚ circuses and aquariums
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