...1. Activity costing would be appropriate 1. An activity-based costing system may be appropriate for Wall Décor, when overhead allocation based job-order costing provides product cost distortion. As seen on previous case, this distortion happens when one product is manufacturing in high volume and the others are manufacturing in complexity as well as in low volume. In this situation Wall Décor should change its costing system for selling its high volume produced products whereas low-volume produced products have good profit. a. The company has three different products and each uses different resources and so ABC would given a better allocation b. ABC would relate costs to the activities and so would make cost control better. 2. The activity based rates are Activity Overhead Driver Total Activity Activity Rate Picking Prints 36,000 Number of Prints 102,000 0.30 per print Inventory Selection and Management 91,700 Number of components per print item 131,000 0.70 per component Website Optimization- Unframed 25,800 Number of prints at capacity 100,000 0.26 per print Website Optimization- framed 103,200 Number of prints at capacity 25,000 4.13 per print Framing and Matting costs 123,900 Number of components at capacity 59,000 2.10 per component 375,200 3. The cost using ABC is In the first stage we allocate the overhead cost to products ...
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...Amazon is so successful is because they offer the cheapest price, even cheaper than Wal-mart. As a consumer, we are constantly looking for bargain and deals, what Amazon promises is the low price. Amazon also sells foreign products, they have sellers from all over the world. If a consumer if looking for a specific kind of herb, food or products from another country, they will more than likely to find the right product at Amazon. Another reason why Amazon is so successful is because they are the pioneer in e-commerce. Amazon started when internet was blooming, so they are able to get ahead of others in gaining market share and being an innovator. 2.Marketing process I would like a new Toyota Prius Hybrid. 1.Market knows that graduate doesn’t have a stable income so Toyota focus on a low price car that will cater to every customer. 2.Toyota’s customer driven market strategy is knowing that today’s consumer wants a fuel efficient car which will save them money, thus Toyota focus on that idea. 3.Toyota uses tv commercial to present the idea that Prius is a very reliable and fuel efficient car. Prius might be the only car that offers the best mileage as compared to other fuel dependent cars. 4.Toyota make sure that every consumer is happy when their products by offering them the best customer service. 5.Toyota has authorized car dealer all over the country. One customer doesn’t have to travel far to purchase a car. 3.Consumers – “we don’t need our stuff” I think that...
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...Bibliografía: * eHow (s.f.) Ma Wen Jie, What Are the Costs of Free Trade?. Retrieved on September 07, 2015. From: http://www.ehow.com/about_5367523_costs-trade.html * Trade Link (August 2008) México elimina los obstáculos a la importación de medicamentos. Retrieved on September 07, 2015. From: http://www.economia-snci.gob.mx/sic_php/pages/bruselas/trade_links/esp/agoesp2008.pdf * Investopedia (s.f.) Free Trade. Retrieved on September 07, 2015. From: http://www.investopedia.com/terms/f/free-trade.asp | 1. Mexico has always portrayed itself as one of the most pro-trade countries in the world. For instance, we have a free trade agreement with the United States and Canada, and another one with the European Union. We are active members of the WTO, the OECD, the APEC, the Pacific Alliance, and have also signed multiple bilateral agreements with many nations, most of them deemed “strategic”. Answer the next two questions in your own words: What are the potential costs and benefits of adopting such a free-trade strategy? International trade allows a country to specialize in the manufacture and export of products that it can produce efficiently, and in the meantime, to import products that can be produced more efficiently in other countries. Some benefits of adopting a free-trade strategy are: * Tariff. One of the main objectives is to remove tariff barriers in the trade of goods and services, thus allowing that a person exports their products to another country...
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...|Case 2 | | Greetings Inc.: Activity-Based Costing | |This case is from the book: Managerial Accounting: Tools for Business Decision | |Making, 5th Edition | |Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso | |©2010 | |And was answered by some students. | | | | | 1. Activity Based Costing benefits businesses that are more complex in nature. In this case, Greetings. INC has added a new product line, Wall Decor, which permits them to grow without expanding their physical stores; however, they have significantly raised their overhead costs by multiplying their cost drivers. Not to mention the fact that they have incorporated a largely automated system into their product line, which we know calls for an ABC system. The main reason to move to ABC though, I’d say, would be because it will allow management to make better decisions and move away from the “cash machine” and “lemonade stand” metaphor simply because overhead costs will be allocated in such...
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...Topic: Over the past decade, the free trade movement has come under increasing fire as markets have opened and barriers to trade have fallen. Consider the arguments for and against free trade, considering the perspectives of both more-developed and less-developed countries. Please post to all questions below. Post a separate reply to each learning activity. Be sure to use the learning activity number in responding: Learning Activity #1 Do you believe that the benefits of free trade outweigh the drawbacks? Why or why not? Learning Activity #2 Discuss the potential problems that would arise from exporting CDs and books to countries with high political risk. What might happen to sales in these countries? Learning Activity #2 Discuss the potential problems that would arise from exporting CDs and books to countries with high political risk. What might happen to sales in these countries? Intellectual property, which include copyrights, patents, trademarks, and brand names, is a vital asset of most MNCs (multinational corporations) and a major problem in the export of CDs and books to politically high risk countries due to the growing threat of theft or piracy of intellectual property rights (IPR). In 1995 alone, according to the Washington-based International Intellectual Property Alliance, it was projected that nearly $15 billion in revenues from U.S. companies around the world had been lost to IPR piracy, that figure has since climbed dramatically. Of the $15 billion...
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...Explore Activity 2 Local Access and Transport Areas – Local Access and Transport Area is a U.S. term that refers to a geographic region assigned to one or more telephone companies for providing communication services. A connection between two telephone companies within the same region is referred to as intraLATA. A connection between two local exchange carriers in different regions is called interLATA, which is the same as long-distance service. Long Distance – Calling anywhere out of your local area or zip code area that you live in can be long distance calling. Although land lines only bill to the person starting the call, Cell phone carriers bill both the person calling and the person receiving the call. This is why many people don’t do long distance calling because the other person may not want to receive the charge for the call. Local Loop – In telephony, a local loop is the wired connection from a telephone company's central office in a locality to its customers' telephones at homes and businesses. This connection is usually on a pair of copper wires called twisted pair. The system was originally designed for voice transmission only using analog transmission technology on a single voice channel. Today, your computer's modem makes the conversion between analog signals and digital signals Data Over Telephone Lines – Telephone was originally invented to transfer voice. However, now you can transmit data over the telephone. The fixed-line telephone is on analog systems capable...
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...Activity 2 5DPP In today’s business world we’re expected to drive our own development, keep ourselves fresh, embrace change and keep abreast of external factors affecting the role we play in the business environment we work in. One of the ways to drive and improve personal performance is by undertaking self assessments. While there are many self assessments available, many rely upon different contributing factors. The Johari Window theory focuses on communication being vital to a successful business; being an information processing model, the Johari Window employs a four-part figure to reflect the interaction of two sources of information - self and others. (Teleometrics International, 2007). Whilst the Johari Window could be an advantage in future roles I wish to progress into within Wilko, identifying area’s I don’t know about myself could be vital to the success of my newly formed team. The disadvantages far out weigh any benefit from this model, as personality type ENFJ’s are sensitive (identified by the Jung typology test); Too Sensitive – While receptive to criticism, seeing it as a tool for leading a better team, it's easy for ENFJs to take it a little too much to heart. (NERIS Analytics Limited, 2011). The CIPD Profession Maps focus is aimed at HR professionals; it adds the greatest sustained value to the organisation and how it operates now and in the future, It captures what successful and effective HR people do and deliver across every aspect and specialism...
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...HR Service Delivery 1.0 This report will investigate effective service delivery. The HR department is very small and the HR manager looks after all of the HR issues in the Company aided in part by two payroll clerks and the Company Secretary. 2.0 Procedure. Information was collated from the following sources: • HR records were reviewed • Discussions were held with the HR manager and department managers • Relevant websites were accessed • Relevant literature was reviewed 3.0 Findings 3.1 Understanding customer needs Three different customers were identified and their differing requirements were examined and compared. The findings are presented in the table below: Customer |What they require from the HR department|Conflicts| Warehouse Management|To help to manage, monitor, discipline and appraise employees To provide guidelines, policies, procedures and support To discuss and help to find the right candidates for job positions "To create a positive relationship between management and employees and a climate of mutual trust" (Armstrong, 2014)|Management may want to dismiss employees who are not effective. This can conflict with the Government's need for companies to follow employment laws and disciplinary procedures. Managers can be frustrated if they feel like dismissal is required immediately but the HR department advise that a number of disciplinaries must be given first. This can also conflict with the HR departments requirement to support...
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...For category number one I chose Unit two Activity 5 Assignment 2. In this assignment I used my previous knowledge of my interests form, the last unit. This helped me decide how I can volunteers and help out side of the classroom. I will need forty hours of volunteer work to graduate high school and after high school to find a job it would be a good idea to have some volunteer work on my resume. I learned that I love to help others and teach. I like to share my knowledge with the world to make it a better place, and I feel I want a career that can do the same. This shows how this assignment has impact on my life outside the classroom, as my new knowledge has thought me new information when I’m deciding to volunteer. Unit 3 Activity 2 Assignment 1 fits the criteria of category 2 perfectly. In this assignment I learned and figured out what my occupational goals are. I used research skills and information I already had from previous activities. I might need to do something like this again when I am trying to find which career options are best form me after university. By doing this assignment I learned that I have many options in my interest through art and that I should not be ashamed to peruse art further on as there are many careers that would want my creative mind. Over all I had found some back up plans for my occupation....
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...Michael McNair NT1310 Pleace Unit 2 Activity 2 Press Release 9/30/15 FOR IMMEDIATE RELEASE: Awesomegafuntime Announces Lowest Deals Ever. Nashville, TN Awesomegafuntime is coming to Nashville with the cheapest triple play to date. This out of know where startup company founded by what the completion is calling the strong arm thugs of the communications world. Some believe that this reputation is inspired more by the business practices of the company than the ties to the mafia that it openly professes. Awesomegafuntime is pretty much making you an offer that you can’t refuse. Three services all for one price. That’s right Television, Phone, and Internet all for just 50 dollars a month. This company is coming to an area near you. They pretty much are kicking in your door with this deal. Before you know it they will have you locked down ‘on their 2 GB fiber speeds. As we all know fiber can be fragile, but the Awesomegafuntime support staff have no problem responding to check on the lines, sometimes you may even wake in the middle of the night to find one of their representatives out back digging a hole down to check the lines. When talking security Awesomegafuntime is your friend. Promising tap free service on your phone. If at any time your phone line becomes compromised they promise to take care of it… And when it comes down to entertainment Awesomegafuntime has you backed with a channel line that you would expect from a provider based out of Vegas. But hurry...
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...Solution to exercise 1.1 1) b, c 2) $220,000 3) a, c, j Solution to exercise 1.2 (a) (i) Prime cost Reference number 2, 5, 10, 15, and 16 ii) Production overhead Reference number 1, 6, 8, 12, 19, and 20 iii) Administration overhead Reference number 3, 9, and 11 iv) Selling overhead Reference number 7, 14, and 17 v) Distribution overhead Reference number 4, 13, and 18 (b) (i) Variable Reference number 2, 5, 10, 14, 15, 16, and 18 ii) Fixed Reference number 1, 3, 4, 11, 12, 13, 17, 19, and 20 iii) Semi-variable Reference number 6, 7, 8, and 9 Solution to exercise 1.3 | |Number of units produced |Unit cost |Total cost | |Cost X |1 |20 |20 | |(Variable cost) | | | | | |10 |20 |200 | | |100 |20 |2,000 | | |1,000 |20 |20,000 | |Cost Y |1 |5,000 |5,000 | |(Fixed...
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...Final Exam Mengjuan Huang MG637(1) Professor Clifford December 4, 2011 Question 1:Decision-Making 1.The definition of decision-making A decision is a choice between alternatives. Managers choose courses of action not only fro themselves but for their organization and other people. While people choose a job, it is not only for himself, but also for his family and friends. "Decision making is the process of identifying problems and opportunities and then resolving them." (Richard L. Daft, Chapter 9, Pp 238) The process of making a decision is to establish and achieve organizational goals and objectives. People choose jobs that help them reach the targets in their mind and have the promotional opportunities. 2. Using the seven-step decision making model to deicide to choose the best job The Seven-Step Decision Making Model developed by Rick Roberts of the University of North Florida Career Services includes identifying the decision to be made, self-assessment, identifying any options, gather data and evaluate the options, selecting one and designing a course of action(Rick Roberts, 2006). Step one: Identify the decision to be made According to my personal situation, such as currently employed, single, enjoy traveling. There are some problems and opportunities that should be concerned. The problem is that I have no job at present. Finding an appropriate job with good salary is on demand. What's more, I'm planning to get married in three months, if the job is too...
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...3HRC Activity 2 Tracy King PURPOSE I have been asked to provide a report that supports the retention of the HR function within our organisation. In this report I will explain how Human Resource activities support the organisations strategy and how HR professionals support line managers and their staff. INTRODUCTION The strategies adopted by our organisation can be influenced by both internal and external factors. HR are involved in the initial planning process and assisted with the formation of a business plan detailing objectives for departments to achieve. HR liaise between management and employees to ensure that policies and procedures are applied fairly and consistently and interaction with the HR department is utilized on a daily basis to support and advise line managers and staff. I will explain in more detail some of the activities provided by HR. RECRUITMENT AND SELECTION When vacancies arise within our organisation it is essential that we attract and recruit the best talent. HR have an extensive knowledge of our objectives, the role of different departments, our skills base and our culture. We use this information firstly to ascertain whether a vacancy can be filled internally, so reducing expenditure, and secondly to analyse skills and competencies required for the role, and attract capable external applicants. HR are involved in every step of recruitment incorporating: * Shortlisting to create a pool of suitable candidates * Assessments...
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...blame for this mistake will be felt truly. When looking at the profile of those students who are working and at the same time is studying, you would notice that they never dare wasting their time. For them, every second counts. Make an observation and you will find out that almost all of the working students are working too hard to finish their studies. For them, wasting their effort, time and money is such a big mistake. OBJECTIVES OF THE STUDY The objective of studying this matter is to know the profile of the working students and the implication on the class standing. Specifically, they need to answer these following questions: 1. What was the working students are going through while they are studying and at the same time working? 2. What are the statuses of the working students when it comes to their grades and their participation in class?...
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............................................ 11 Energizer: Accentuate the Positive............................................................................. 11 Energizer: Name Game.............................................................................................. 11 Energizer: Heart to Heart ........................................................................................... 11 Energizer: Guess my Body Language ........................................................................ 11 Energizer: How to Say Hello in Different Languages ................................................. 12 Energizer: Good Morning Game ................................................................................ 12 Service Value # 2 – Maintain A Professional Image ................................................. 14 Energizer: You Look Marvellous ................................................................................ 14 Energizer: First Impressions ....................................................................................... 14 Energizer: Your Professional Image Assessment ...................................................... 15 Energizer: Beauty Pageant...
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