urpose of cost manageme
Q: From the management accounting literature: a) Discuss the role of strategic planning in adding value…
A: Introduction: The term Business refers to an exchange of goods and services between the buyer and…
Q: Explain the Purchasing portfolio used in the milk diary?
A: Dairy is huge business—and getting greater consistently. That is nothing unexpected. It fulfills a…
Q: What is the rationale of using variable costing internally for management planning and control?
A: Variable costing that is also known as direct costing, is a managerial accounting method in which…
Q: Last year, Archer electronics reported revenues of $34 million while itsntotal expenses were $10…
A: Formula to be used; Profit = Revenue - Expenses
Q: Costco can purchase a bag of Starbucks coffee for $20.00 less discounts of 20%, 15%, and 7%. It then…
A: 1.
Q: Q2: A company has seasonal demand, with the forecast for the next 12 months as given below. The…
A: Given - Carrying cost= $50 unit per period Hire/layoff cost = $100 Initial Inventory = 200 units
Q: Which of the following is NOT one of the proactive aggregate planning strategies options? O a. Hire…
A: The correct answer is
Q: Suppose that marketing executives for Touche Toiletries reduced the price to $6.50 for a…
A: The Break-even point is the point where the total production revenue and total production cost are…
Q: Lauren, a florist, buys and sells flowers at her store. She purchases roses at $2.25 each, has…
A: Given - Purchasing Cost = $2.25 Operating expenses =26 % of Cost = 26100× 2.25= $0.585 Profit = 55%…
Q: How does revenue management impact an aggregateplan?
A: Aggregate planning refers to developing a plan for maintaining and scheduling all the internal…
Q: What are the steps in the intuitive lowest-cost method?p
A: The following steps are to be followed in the intuitive lowest cost method:
Q: Annie bought one dozen smartphones for P200,000.00 with a discount of 5%. She sold half dozen at a…
A: The above question is from the topic: Economics The answer to the questions is given below:
Q: What do you think of the above ideas? Do you agree or disagree, and explain why? Are there any…
A: The above scenario is about a company and how it may keep its consumers. While selling clients an…
Q: Q1. Essentially, the planning of the purchasing and supply chain function entails managing the…
A: Purchasing is responsible for the procurement process. It ensures the supply of goods, production…
Q: Required: A. What are the actual and budgeted selling prices? What are…
A: SOLUTION: A. Budgeted sales price per unit = 900000/150000= $6 per unit Budgeted variable cost per…
Q: Directions: Fill-in the missing items on the table. Consider the estimates below. HAKDOG CORPORATION…
A: The filled answers are-
Q: Doughton Bearings produces ball bearings for industrial equipment. In evaluating the financial…
A: Unit contribution margin = Unit selling Price-Unit Variable Cost
Q: 8 There are ______ stages in the process of developing a sales and operations planning (S&OP) plan.…
A: 8 Sales and Operations planning is a process which helps the organizations to meet customer…
Q: When performing sales mix analysis, which one of the following is false: Oa. Normally the…
A: Sales mix is a calculation about the proportion of sale of individual products/service to the total…
Q: ind the lowest cost of the trausPort -he Vojel method ama19
A:
Q: an Shields Communications, Inc., a cellular communications provider based in Michigan, charges $86…
A:
Q: The Unique Toys Company manufactures and sells toys. Currently, 300,000 units are sold per year at…
A: 1. Given, Increase in variable cost = 10% New variable cost after increase in 10% = $7.70 Therefore,…
Q: Cost Planning; Gasoline Prices In June 2008, when gasoline prices were at an all-time high(more than…
A: Discounted price $2.99 per gallon Offer of $4500
Q: Annie bought one dozen smartphones for 200,000 pesos with a discount of 5%. She sold half dozen at a…
A: The above question is from the topic : Calculation of Gross Profit. To calculate the profit/loss…
Q: Nhich one of the following is an example of lead measure?
A: the correct option is (c) Increased profit because it is measured through the numbers, which…
Q: Which of the following is NOT one of the proactive aggregate planning strategies options? Select…
A: Which of the following is not one of the proactive aggregate planning strategy options? Hire and…
Q: Which of the following is NOT one of the proactive aggregate planning strategies options? O a.…
A: The purpose of aggregate planning is to plan in advance. It includes planning which entails the…
Q: Down Creek Boots (DCB) is a boot manufacturer (fictitious) that focuses on making high-quality…
A: There are six factors to be considered when making the decision. The six factors have been discussed…
Q: The interaction between purchasing and supply management often determines the level of success…
A: Business operations can be stated as the tasks or activities that organizations or businesses engage…
Q: w material is the material purchased but not processed 2. MRP stands for MATERIAL REQUIREMENT…
A: Below mentioned are the disadvantages of local sourcing of raw materials: 1. The first disadvantage…
Q: 1. With examples and necessary figures, define the Key Inventory Terms ? 2. Suppose, you are newly…
A: 1. The key inventory management terms are as under, a) ABC Analysis: This is a methodology…
Q: Two competitors have the cost structure shown below. Which of the following statements are true…
A: Find the given details below: Given Details Firm A Firm B Product 1 Units 500 200…
Q: On August, a light business bought $3600 worth of lamps. At the beginning of September, the store…
A: The cost of goods sold is calculated with the help of following formula Cost of Goods Sold =…
Q: why will it be necessary for GE Appliances to manage long-range, medium-range, and short-range…
A: Planning of materials and capacity are necessary for every organization. The planning time differs…
Q: 2. Technical and Management Feasibility Cost per month Raw Material Quantity Technical feasibility…
A: Machinery and equipment Purchase cost Life Span Depreciation Computer - Laptop or Desktop…
Q: You are the manager of World Wide Athlete, a chain of six sporting goods shops in your area. The…
A: Given Information: Original retail price = $ 649.99 Original sales per week = 10 Discounted retail…
Q: Customer segmentation and revenue management are important factors in demand flow strategy. Select…
A: Customer segmentation and revenue management are important factors in demand flow strategy.
Q: CVP Analysis with Income Taxes Cohen Company produces and sells socks. Variable cost is$6 per pair,…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: You are a pricing manager for a cell phone com- pany. You have two types of customers with differ-…
A: Type A customer Inverse demand curve P = 10-2Q 2Q = 10-P Q = 5-0.5P (Demand Curve )q1 =…
Q: a. Given these numbers, should the firm buy or make this item? b. There is a possibility that volume…
A: Total cost is the cost that includes the fixed as well as the variable cost of the product and…
Q: If daily demand is constant at 10 units per day, and lead time averages 12 days with a standard…
A:
Q: One of your Taiwanese suppliers has bid on a new line of molded plastic parts that is currently…
A: Demand Data- Year 1 400,000 Year 2 500,000 Year 3 700,000 Taiwanese supplier Bid's Data…
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- 1.The managers of Kai’s Catering want to increase the number of events booked by 20%. To accomplish this, a(n) ________ was established to include clear weekly targets for number of deposits received. Multiple Choice means-end chain operating plan strategic plan scenario analysis 2. Prior to Apple’s debut of the iPhone, Microsoft was also working on a revolutionary smart phone. Microsoft was already one of the world’s leading technology companies with thousands of engineers and designers with hundreds of millions of dollars for their R&D budget. Despite having a solid strategy and adequate resources, Microsoft derailed cross-departmental cooperation, perpetuated unhealthy competition among its employees, and ultimately Multiple Choice closed the business due to a labor strike. failed to implement its strategy. developed a competitive advantage in smart phones. fired Bill Gates. 3. You receive a memo that reads as follows: “In recent months, our customer evaluations have…13/Which cost compels the managers to examine the long- term financial implications of the strategic decisions they are making in an organization? a. Life cycle cost b. All of these c. Activity based costing d. Targeting costing“means-ends analysis”. Provide an ORIGINAL example in which you state and illustrate the three steps involved
- SLO 6.1. Supply contributes to organizational goals and strategies through: Strategic contributions (opportunity maximization)Operational contribution (bottom-line impact)Direct contribution (enhancing performance of others)Indirect contribution (trouble prevention)Profit-leverage contribution (intangible) NEWSLO 6.2. For an organization with revenue of $100 million, purchases of $60 million, and profit of $8 million before tax, a 10 percent reduction in purchase spend would result in an increase in profit of: 10 percent36 percent57 percent60 percent75 percentExercise 1: You are the operations manager at the company Servicios de Salud, Inc., which provides care services to the elderly. An important aspect of your job is ensuring that nursing homes have a healthy inventory of nutritional drinks for residents. Below is the historical demand for the product for one year: Month Historical demand (boxes) Forecasted demand (boxes) January 300 February 340 March 370 April 410 ¿? May 470 ¿? June 570 ¿? July 630 ¿? August 720 ¿? September 640 ¿? October 460 ¿? November 420 ¿? December 390 ¿? a. Calculate the average demand for each period from April to December using the 3-month simple moving average. Presents calculations and findings in a clear and organized manner. b. Discuss any trends or patterns observed in the calculated moving average demand values. c. Make an interpretation of the results and their implications for forecasting…Davidson Corp. produces a single product: fireproof safety deposit boxes for home use. The budgetgoing into the current year anticipated a selling price of $55 per unit. Because of competitive pressures, the company had to cut selling prices by 10% during the year. Budgeted variable costs per unitare $32, and budgeted total fixed costs are $156,000 for the year. Anticipated sales volume for theyear was 10,000 units. Actual sales volume was 5% less than budget. (1) What was the sales pricevariance for the year? (Round your answer to the nearest whole dollar.) (2) Label this variance F(favorable) or U (unfavorable), as appropriate
- Week 5Discussion 1Sustainability is an important ethical and environmental issue in purchasing. Describe one material, product, or service that can contribute to sustainability in a project you have been involved with, or in your current organization. Describe how these decisions enable the organization to avoid violations in terms of environmental issues. Respond to at least two of your classmatesâ postings.Discussion 2Personal liability is a serious issue in purchasing and supply management. Provide details from the text or your personal experience where a supply officer or project manager has been held personally liable for conditions of a contract. Comment on how you will proceed in the future to avoid any personal liability for contracts if at all possible. The text provides excellent examples that can be researched starting on page 311. Respond to at least two of your classmatesâ postingsHow is the planning at JYSK? Planning:Consists of the processes necessary to strategically operate an existing supply chain.1.Which of the following pertains to an efficient supply chain? A)It deals with innovative products B)The product life cycle will be short C)It is worthwhile to invest in good forecasting systems D)All of the above PS: OPTION D INCORRECT 2.Which of the following will have lesser bullwhip effect in a supply chain? A)Supply Chain co-ordination B)Opening more stocking points closer to the point of consumption C)Empowering the lower echelons of the inventory to take decisions on fulfilling the demand D)All of the above PS: OPTION B INCORRECT
- 1.Which of the following pertains to an efficient supply chain? A)It deals with innovative products B)The product life cycle will be short C)It is worthwhile to invest in good forecasting systems D)All of the above 2.Which of the following costs do not come under inventory carrying cost calculation? A)Investment in a software for updating stock position online B)Investment in stores space C)Salaries of procurement personnel D)Cost of maintaining the inventory stocks 3.Which of the following will have lesser bullwhip effect in a supply chain? A)Supply Chain co-ordination B)Opening more stocking points closer to the point of consumption C)Empowering the lower echelons of the inventory to take decisions on fulfilling the demand D)All of the aboveThe term in the airline industry may be used to refer to s situation where an empty seat is recorded on a flight. Select one: a. Marginal cost b. Overhead cost c. Marginal loss d. Revenue loss Widner Industries reports annual sales of Ghc160 million, cost of goods sold of Ghc120 million, inventory of Ghc20 million, and net income of Ghc5 million. What is Widner's annual inventory turns? Select one: a. 8 turns per year b. 6 turns per year c. 0.17 turns per year d. 4 turns per yearPlease do not give solution in image formate thanku. WATCH MOVIE GUNG HO After you have watched it, please answer the following questions: 1. Overview of the general concept of the movie? 2. What were the mission and vision/long-term goals of Assan Motors? 3. What is the Zero Defects philosophy? 4. Why does the focus on quantity and deadlines not work well? Should companies that use a total quality management system set deadlines or quantities? Would not it hurt quality? 5. Emphasize the main cultural differences between the two organizations. 6. What was surprising in the movie? 7. Identify problems, causes of problems, solutions presented by the movie, and your suggestions