... TITLE OF PAPER: COST INFORMATION FOR DECISION MAKING EXAM DURATION: 3 hours READING TIME: 10 minutes THIS PAPER IS FOR STUDENTS STUDYING AT: (office use only - tick where applicable) Berwick Clayton Peninsula Distance Education Caulfield Gippsland Sunway Other (specify) Open Learning During an exam, you must not have in your possession, a book, notes, paper, calculator, pencil case, mobile phone or any other material/item which has not been authorised for the exam or specifically permitted as noted below. Any material or item on your desk, chair or person will be deemed to be in your possession. You are reminded that possession of unauthorised materials in an exam is a disciplinable offence under Monash Statute 4.1. AUTHORISED MATERIALS CALCULATORS YES NO (If YES, only calculators with an 'approved for use' Faculty label are permitted) OPEN BOOK YES NO SPECIFICALLY PERMITTED ITEMS if yes, items permitted are: YES NO This paper consists of six (6) questions printed on a total of ten (10) pages. Students must attempt to answer ALL questions. STUDENT ID: …………………………... DESK NUMBER: ……………………. PLEASE CHECK THE PAPER BEFORE COMMENCING. THIS IS A FINAL PAPER. THIS EXAMINATION PAPER MUST BE INSERTED INTO THE ANSWER BOOK AT THE COMPLETION OF THE PAPER. NO EXAMINATION PAPERS SHOULD BE REMOVED FROM THE EXAMINATION ROOM. ACW2020 Aniza Zainol Page 1 of 10 OFFICE...
Words: 2285 - Pages: 10
...PRODUCT COSTING A noted earlier, all product costs are charged to inventory. To facilitate this process, manufacturers break inventory into three categories: RM inventory, WIP inventory, and FG inventory. There are two categories of direct cost (DL & DM) and then there is overhead, which is a catch-all term for everything except DL and DM. Raw materials are charged to RM inventory when purchased and transferred to WIP inventory when it is used. DL is charged directly to WIP. Indirect product costs are charged to an overhead account. Then just one number is transferred from OH to WIP. In a company that produces a variety of products in specific batches, the total costs that are charged this way are made up of a series of jobs. Think of Kinko’s. They do thousands of jobs – each of them has some DM (paper mainly), some DL (the operator), and a lot of OH (store rent, electricity, supplies etc and etc.) Each job is numbered – the number you see on your invoice. They know how much paper was used on a job and how much time it took. For each individual job: DM = Pages used x cost of paper per page DL = Time taken by operator x hourly wage of operator Then, for the year as a whole – or for a day, a week, a month – they just add up the costs of all the individual jobs to see how much cost they incurred for that period. The big problem is how to charge overhead costs to an individual job. These accumulate over a year and are all indirect costs i.e., they aren’t collected...
Words: 1368 - Pages: 6
...copying problems Be sure to read this manual before using this equipment. Keep this manual handy and retain it for future reference. Preface Downloaded from www.Manualslib.com manuals search engine 1 Notice to Users After a suitable place has been selected for the installation of the e-STUDIO195/225/245, please do not change it. Avoid excessive heat, dust, vibration and direct sunlight. Also, provide proper ventilation as the copier emits a small amount of ozone. The unit is classified as Class 1 Laser Product according to IEC60825-1:1993, IEC60825-1:2007 including amendments. The unit uses laser diode of output Max. 5 mW, wave length 785 nm, continuous pulse. Caution: Use of controls or adjustments or performance of procedures other than those specified herein may result in hazardous radiation exposure. Warning: This is a Class A product. In a domestic environment this product may cause radio interference in which case the user may be required to take adequate measures. For EU only Working environment From EMC (Electromagnetic Compatibility) point of view, the operation of this product is being restricted in following environments: Medical Environments: This product is not certified as a medical product according to the Medical Product Directive 93/42/EEC. Domestic environments (e.g. a private living room with TV /...
Words: 38982 - Pages: 156
...Sukanda Uthairat (01608844) Kodak Case Study 1. What was the basis for Kodak’s success in analog or film photography, and why was it able to maintain its leadership position for so long? In 1884, Kodak roll of film was launched. This was the future innovative product in film business in that era. The first Kodak camera was introduced in 1888. The company distinguished itself and advertised products with the slogan “You press the button, we do the rest.” Kodak focused on customer needs by developing convenient-to-use products. For mass production strategy, the company sold its products by using a razor-blade strategy: low-price camera, but high-profit of film repurchase and having the strong relationship with retailers for selling products and printing photos with Kodak paper. This meant that the company offered customers with complete range of service from photo capturing to photo finishing, resulting in customers’ preference for Kodak rather than higher-quality products from competitors. In order to increase the growth, Kodak also continuously did the research. The company invested in R&D for color film and new cameras to medical imaging and graphic arts. As the result, this technological strength prevented the entry of competitors in the market. Kodak had the largest market share in film market and camera sales by 1976 before the digital era. 2. What are the key ways in which the structure of digital imaging is different from analog or film photography? In photography...
Words: 689 - Pages: 3
.......................................................................................................................... 8 Marble & Onyx Production Process .............................................................................................................. 8 Cutting to Pieces ....................................................................................................................................... 8 Shape Cutting............................................................................................................................................ 8 Grinding and Rubbing ............................................................................................................................... 8 Polishing and Finishing ............................................................................................................................. 8 Packaging...
Words: 3076 - Pages: 13
...APPLIQUE 1. INTRODUCTION 1.1 History 2. REGIONS 3. PRODUCER COMMUNITIES 4. RAW MATERIAL USED 5. TOOLS 6. PROCESS 6.1 Designing 6.2 Tracing 6.3 Pasting 6.4 Cutting of shapes/ designs 6.5 Tidying 6.6 Stitching 6.7 Finishing 7. MARKET 8. BIBLIOGRAPHY 1. Introduction Patchwork and appliqué are very ancient techniques and sometimes referred to as one. The only difference between them is that patchwork or piecework is the process of seaming small pieces of fabric in to a larger whole, while appliqué is the process of sewing smaller pieces of fabric onto a larger background fabric. It is a technique of forming a single pattern with different pieces of cloth. Pieces of fabric are applied on top of another for decorative or functional purposes. 1.1 History Appliqué is an ancient technique of creating beautiful and decorative items with different pieces of cloth. Nomadic people of the desert have long pieced together their tents and even decorated them with elaborate appliqué. Festive patchwork textiles created for special occasions are found in many places throughout India. Pieced and appliquéd household items are made by women for dowries. These objects include decorative bags, pillows and sitting mats. Appliqué played a part in religious textiles as well. It has long been used to make decorative clothing, because most clothing is used until it is worn out and then again reused to create beautiful patterns out of the worn fabric. This serves both economic and decorative...
Words: 1282 - Pages: 6
...in their strategy. Avery Dennison has a rich history and humble beginnings, remarkable growth and a history of satisfied customers. Following are highlights of the many milestones the Company has achieved during its more than 70 year history. Avery Dennison Retail Branding & Information Solutions is passionate about the apparel industry and our mission to help you elevate your brands and accelerate your performance throughout the global supply chain. 1.2 Objectives of the report 1.2.1 Broad Objective: To complete our MBA degree it is a must. To match our academic knowledge with the real corporate business set up. To enlarge our experienced from a real corporate exposure. To enhance our adaptive quality with the real life situation 1 1.2.2 Specific Objective: To Introduce ourselves to the Avery Dennison (BD) Limited Know the inner side of the Avery Dennison (BD) Limited Provide information on Avery Dennison (BD) Limited To find out the corporate...
Words: 3094 - Pages: 13
...002-740 Final Fairing & Finishing Techniques for fairing surfaces with WEST SYSTEM® Brand epoxy and a guide to finish coatings Final Fairing The first part of this manual describes final fairing techniques as they apply to boatbuilding and boat repair. These techniques are also useful for many nonmarine applications such as auto body repair or building forms and molds. Also included are methods for applying fairing compound that can reduce trial and error, and help make the fairing process easier and faster. Finishing The second part of this manual discusses epoxy as a barrier coating and the wide variety of finish coating options available for ultraviolet protection and long term durability. Cost, compatibility, durability, ease of application and health hazards are variables to consider in the selection of a coating option for your project. Catalog No. 002-740 Final Fairing & Finishing Techniques for fairing surfaces with WEST SYSTEM® Brand epoxy and a guide to finish coating 5th Edition—June 2005 The techniques described in this manual are based on the handling characteristics and physical properties of WEST SYSTEM Epoxy products. Because physical properties of resin systems and epoxy brands vary, using the techniques in this publication with coatings or adhesives other than WEST SYSTEM is not recommended. Refer to the current WEST SYSTEM User Manual & Product Guide for complete product information, and safety and handling guidelines. The information presented herein...
Words: 17119 - Pages: 69
...Situation Sport Obermeyer is a family-owned business in the fashion ski apparel industry. They specialize in ski apparel for the mid to high-end market, which consists of fully coordinated outfits with parkas as the centerpiece. They break their product market into 5 genders: men, women, boys, girls and preschoolers. Within each gender they further categorize according to customer preferences. The company’s product strategy rests on offering fully-matching collections, and delivering to retailers early in the season to assure good product placement and ample floor space. Currently they can boast a 45% share of the market for the children’s section, and 11% for adults. Sport Obermeyer is facing difficulties from its outdated supply chain. They suffer long lead times, due to supplier capacity constraints which places a heavy burden on forecasting. Forecasting in this ever-changing market is a significant challenge, which when is inaccurate costs the company in terms of below cost inventory disposal and lost sales revenues, which may also further reduce market share. Due to the dynamics of the industry, having both uncertain supply and demand, usage of an “agile” supply chain is the recommended course of action. An agile supply chain means that Sport Obermeyer needs to build agilty, adaptability and alignment with suppliers within its system. Achieving this goal will reduce lead times, which will allow the company to react more quickly to market demands and reduce...
Words: 1619 - Pages: 7
...Sport Obermeyer is a family-owned business in the fashion ski apparel industry. They specialize in ski apparel for the mid to high-end market, which consists of fully coordinated outfits with parkas as the centerpiece. They break their product market into 5 genders: men, women, boys, girls and preschoolers. Within each gender they further categorize according to customer preferences. The company’s product strategy rests on offering fully-matching collections, and delivering to retailers early in the season to assure good product placement and ample floor space. Currently they can boast a 45% share of the market for the children’s section, and 11% for adults. Sport Obermeyer is facing difficulties from its outdated supply chain. They suffer long lead times, due to supplier capacity constraints which places a heavy burden on forecasting. Forecasting in this ever-changing market is a significant challenge, which when is inaccurate costs the company in terms of below cost inventory disposal and lost sales revenues, which may also further reduce market share. Due to the dynamics of the industry, having both uncertain supply and demand, usage of an “agile” supply chain is the recommended course of action. An agile supply chain means that Sport Obermeyer needs to build agilty, adaptability and alignment with suppliers within its system. Achieving this goal will reduce lead times, which will allow the company to react more quickly to market demands and reduce the need for...
Words: 1650 - Pages: 7
...Department of Wood and Paper Science Wood Products Extension An Example Business Plan Model For Resorts Design & Build, Inc., a Manufacturer Focusing On Under Utilized Minor Eastern Hardwood Species By Harry W. Watt Business Improvement Specialist Wood Products Extension North Carolina State University Raleigh, North Carolina 27695 For the Under Utilized Species Marketing Project Wood Education and Resource Center USDA US Forest Service Princeton, West Virginia June 3, 2010 New Business Ideas Workshop Discrimination Policy Statement The work upon which this project is based was funded in whole or in part through a grant awarded by the Wood Education and Resource Center, Northeastern Area State and Private Forestry, U.S. Forest Service. In accordance with Federal Law and U.S. Department of Agriculture policy, this institution is prohibited from discriminating on the basis of race, color, national origin, sex, age, or disability. (Not all prohibited bases apply to all programs.) To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326W, Whitten Building, 1400 Independence Avenue, SW, Washington, DC 20250-9410 or call (202) 720-5964 (voice and TDD). USDA is an equal opportunity provider and employer. TABLE OF CONTENTS Topic Executive Summary Business Description Products/Services Management and Personnel Business Strategy Elements Page 2 2 3 3 4 4 4 4 4 4 4 4 4 5 5 Marketing Sales Goals Product Lines Target Markets Main...
Words: 1716 - Pages: 7
...Microeconomics examples of topics for essay#1 IMPORTANT Guidelines for essay - You are doing a short research paper. Therefore, you need come up with research questions or thesis. Think what interests you in what we cover in the class. For example, o If you are interested in outsourcing, your research questions could be “Is the US better off or worse off because of the outsourcing to China?”. Then you go do a research on it. Find academic articles or news articles that support and/or against outsourcing. o You do research by reading those articles that you found and then combine the information you find into a unified paper that represents your fully formed expertise. The key to the whole thing is "combining," so as you do your research, look for facts and information that go well together and help explain (or disagree with) each other o You may start your introduction and research questions. Then start a second paragraph with a short explanation of what is “outsourcing” and state facts such as how many dollars or how many jobs the US outsourced to China in 2010. o The paper must show an analysis of a real world outsourcing situation such as what are the problems with the outsourcing, why there are the problems, how to fix the problems, what the pros and cons of each solution are, and how it will affect consumers who buy imported goods at Walmart or exporters to China. o Warning: You should...
Words: 1337 - Pages: 6
...Case Study 1: Big Data and Volvo Corporation Mary Gierszewski CIS 500 – Information Systems for Decision Making Fall Quarter 2012 Strayer University Instructor: Dr. James Francisco October 28, 2012 Volvo Corporation is an automobile company that uses IT resources to help give it an advantage over its competitors. This paper will discuss how Volvo Corporation integrated the cloud infrastructure into its networks. It will explain how Volvo Corporation transforms its data into knowledge. The paper will also discuss the real-time information systems that they implemented and how these implementations impact the company. Finally, it will discuss how the Big Data strategy gives them a competitive advantage. “An opportunity to launch a new marketing campaign presented itself with the release of the popular Twilight series of books and subsequent movies, which featured Volvo cars.” When the movies came out, they drove more traffic to the Volvo website than the site could handle. The website had outages and slow performance due to the increase of traffic to their website. Volvo Corporation turned to Microsoft Gold Certified Partner LBi to help them make on online game and to help them deal with the issues that they experienced during the release of the first few movies and books. (Volvo Cars Volvo Unleashes Creativity, 2011, para.3 & 5) “Building such an infrastructure...
Words: 1150 - Pages: 5
...http://www.seu.ac.bd/ 1 Project Description Company Name: Status: Type: Managing Director: Product Mix: 100% cotton, 100% polyester a) Spun b) Filament Nylon Chief Value Cotton (CVC) Polyester Cotton blend Gray mélange (15% Viscose 85% cotton 10% Viscose 90% cotton 30% Viscose 70% cotton) Ash mélange (1% Viscose 99% cotton) Year of establishment: Project Cost: Turnover: Production capacity: 1993 About 1500 core TAKA About 100 crore TAKA/year - Knitting: 22 tons/day (Average) - Dyeing: 20 ton/day (Average) - Garments: 60000 pcs/day Main Production: Basic T-Shirt, Tank top, Long Sleeve, T-Shirt, Polo Shirt, Shorts, Hoody, Ladies & Kids Knitwear all kinds of knit Garments & Knit fabrics. Epyllion Group Private Company 100% Export oriented knit composite Industry. Riaz uddin al Mamun Major buyers : Mark & Spencer (M&S), G-Star, Celio, C&A http://www.seu.ac.bd/ 2 Address: Factory: Epyllio n Knit t ex & Epyllio n St yle Lt d. Jangaliapara, Banglabazar, Joydebpur, Gazipur, Bangladesh Plot # I/1, Road # 06, Section # 07, Mirpur I/A, Dhaka-1216. Bangladesh Tel: +880-2-9006028, 9006747, 9013897, Fax # 880-2-9007978, 9016994, Corporate office: Website: www.epylliongroup.com http://www.seu.ac.bd/ 3 http://www.seu.ac.bd/ 4 http://www.seu.ac.bd/ 5 History through time In the whole animal kingdom, only human being needs garment. Bengal Cotton Fabrics used to be exported to the Roman and Chinese empires as mentioned in Ptolemy's Geography and the Periplus of the Erythraean...
Words: 27867 - Pages: 112
...basic outline below to construct your paper and sales presentation. * Introduction * Brief history of your product/service (be creative, a few photos throughout this paper is always nice).SELAM * Product/Service (see chapter 2) * Identify product attributes. * Identify and explain customer marketplace. * Identify and explain competition. * Other general research including distribution (how is this product sold through a direct sales channel) and promotion * Strategic Plan * Prospect universe (where to find prospects). * Target prospect (who has potential to buy your product/service-Ch. 7). SELAM * Prospect List-ideal prospects, economic bracket, kinds of organizations they belong to, their characteristics, married, single, children, political leanings, occupation, education, hobbies, illnesses. * Ideal customer profile (p.264 Exhibit 8-6, numbers 1-9). Tayler * Identify single selling objective (be SMART p.263, Ch. 8). Naode * -Identify buyer modes, customer wins and results, red flags and strengths. * Customer Benefit Plan (p.264-266) * FABs, why should buyer purchase your product? * Marketing Plan-how product is most effectively used, or if you are selling to wholesalers or retailers, explain how they will price, sell, promote, display (includes shelf spacing and positioning), and advertise the product. * Business proposition-price...
Words: 682 - Pages: 3
