...Mile High Cycles Case Going into 2004, Bob Moyer planned to produce 10,000 bicycles at Mile High Cycles. Construction of his bicycles includes the utilization of three departments, frames, wheel assembly, and final assembly. During this year, Mile High Cycles ended up actually producing 10,800 bicycles to meet higher than expected demand. Bob is curious as to whether or not he was successful in maintaining costs to meet these higher levels of demand. 1. Bob Moyer provided us with his 2004 production budget and production costs. The production budget can be viewed as his master/static budget based on his predicted production of 10,000 bicycles. The production costs he provided us with represent the actual budget based on the 10,800 bicycles produced (Exhibit A). The only difference between our table and the tables Bob provided us with is that we have broken down the other costs into other fixed costs and other variable costs based on the information given that 2/3 of these other costs were variable in nature. In order to determine the variances, the actual budget, provided by Bob Moyer, had to be compared to a flexible budget. The flexible budget is prepared using the actual quantity of bicycles sold, 10,800, and standard prices. The standard prices provided in the production budget were based on different units, including pounds, gallons, and hours, and thus need to be converted to the standard price per bicycle. To get these values, the planned quantity of each aspect of...
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...Week 3 Individual Assignment 1: Mile High Cycles Case Analysis Questions 1, 2, & 3 ACCT 6273, Section 7 Identifying Strategic Implications in Accounting Data MILE HIGH CYCLES CASE ANALYSIS * (Exhibit 3 Below) * (Exhibit 4 Below) * The variances are due to the Mile High Cycle company not forecasting for increased production. The company budgeted for the production of 10,000 cycles but the actual production was 10,800 units. When the company increased production, the production efficiency decreased. The company had to use or rework parts that added extra cost to the expenses; the reworked parts added $25,000 of extra expenses to the wheel assembly production and $45,000 to the final assembly process. The material, labor cost, labor efficiency, and labor rate variances all increased and created unfavorable expenses. The company's overhead cost, which included an assumed other cost section, that was 2/3 variable and 1/3 fixed also increased with the increased production. Mile High's final assembly process has the highest expenses and variance. I think that the company had to utilize different parts suppliers due to short notice of increased production, and when they utilized a different supplier the accuracy of the parts decreased. The purchasing managers could have also been lazying in doing their job, and not negotiated for lower supply prices. Mile High's labor expenses may have increased due to overtime and having to hire new employees. The variable portion...
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...has started, there are monthly comparison reports which compares budget and actual performance on both a monthly and cumulative basis; 4) Action being taken (where necessary) to correct large variances or differences. Question 2 XYZ Limited is a medium sized manufacturing business which makes and sells products to a range of industrial customers who use XYZ’s products in their own products. The working capital of XYZ is typical of a manufacturing organisation in that at any point in time they have cash, debtors, stocks of raw materials, work in progress and finished goods and creditors. The Managing Director of XYZ Limited believes that all parts of the working capital cycle could be improved and has asked you to produce a report which discusses how each part of the working capital cycle could be improved and which critically evaluates the implications of the improvements on XYZ and others (for example debtors)....
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...CHAPTER 1 — BASIC RADAR PRINCIPLES AND GENERAL CHARACTERISTICS INTRODUCTION The word radar is an acronym derived from the phrase RAdio Detection And Ranging and applies to electronic equipment designed for detecting and tracking objects (targets) at considerable distances. The basic principle behind radar is simple - extremely short bursts of radio energy (traveling at the speed of light) are transmitted, reflected off a target and then returned as an echo. Radar makes use of a phenomenon we have all observed, that of the ECHO PRINCIPLE. To illustrate this principle, if a ship’s whistle were sounded in the middle of the ocean, the sound waves would dissipate their energy as they traveled outward and at some point would disappear entirely. If, however the whistle sounded near an object such as a cliff some of the radiated sound waves would be reflected back to the ship as an echo. The form of electromagnetic signal radiated by the radar depends upon the type of information needed about the target. Radar, as designed for marine navigation applications, is pulse modulated. Pulse-modulated radar can determine the distance to a target by measuring the time required for an extremely short burst of radio-frequency (r-f) energy to travel to the target and return to its source as a reflected echo. Directional antennas are used for transmitting the pulse and receiving the reflected echo, thereby allowing determination of the direction or bearing of the target echo. Once...
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...Abstract Fire whirls and tornadoes are separate atmospheric phenomena that look similar but occur under different conditions. Fire whirls require calm air surrounding a large fire where the rising heat of the fire creates a convection cell which pulls fuel, fire and oxygen into a vertical vortex. Tornadoes often occur on the trailing edge of thunderstorms and are created when warm wet air rises over cool dry air creating a strong low pressure system which sucks air and debris from the ground level up into the storm cloud. These phenomena have different life cycles, and since they have different causes, they are not the same atmospheric phenomena despite their similar appearance. However, a fire tornado is possible when a large enough fire...
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...Case 1: Integrated Logistics for DEP/GARD Analysis Introduction Having attended the Veteran Affairs Acquisition Academy as an intern to become a contract officer for the government, I was immediately intrigued at the way business was being conducted without fair and open competition. As we begin to break down the analysis of Case 1, supply management with be the focal point of discussion. Supply Chain As we take a look at where each company falls in the supply chain we can ascertain that GARD is the customer and DEP the supplier. The following diagram will attempt to break it down further: As we look at the stages in this supply chain, we can see that procurement is the most important. However, in this case the procurement team had it very easy, as Tom Lippet from DEP established a relationship with Mike O’Leary from GARD. In any other business setting, the procurement team is the most important. They are the ones that write the bids proposals for a company. Without them, there would be no work. DEP is highly dependent on its suppliers of raw materials. I find it interesting that they would go with the lowest bidder for their raw materials. If they want to ensure timely delivery, a trade-off analysis of what is important to them for the upcoming year to keep their current contract with GARD. In this supply chain I would put the marketing sales, human resources, and warehouse departments as not have much impact on the deliverance...
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...the unpredicted earthquake and tsunami caused serious nuclear accident in Japan. However, it was triggered by unexpected natural disaster, the accident can be avoided if there exist a sound risk management cycle to identify the risks within this project and put a risk management plan in place. What’s more, the influence of the Fukushima Daiichi nuclear disaster would be reduced through proper crisis management procedures. There are three major key risk issues findings about the Fukushima Daiichi nuclear disaster. The first one is risk identification problems in risk management cycle. The second risk issue is failure in avoiding crisis. The last point discusses communication problems in containing crisis. The damages can be reduced and the Fukushima Daiichi nuclear disaster can be avoided if TEPCO management make further research in risk identification process, spend more effort in avoiding crisis rather than only focus on profit generating activities. When the crisis happened properly communicate with government and ensure information transparency help protect the public images of the firm, After in depth research about the case of Fukushima Daiichi nuclear disaster and compare with Three Mile Island nuclear power plant accidents. This report draws lessons from the cases and provides several recommendations for the Fukushima Daiichi and the Japanese government. , 2. Introduction and Aims There are numerous business risks and the kinds of risk vary from business to business...
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...parts and service, and extended service plans) and their dealer network. In answer, Ford executives have to respond through a best suitable course of action by carefully analyzing the current market variables. Changes in the business environment created both opportunities and threats for Ford’s strategic development. The organization improved its strategic capabilities while witnessed and coped with the forces of comparative market continually result into: • Build the business • Development of strategic capabilities that move the organization forward • Improvement of the ways of organization in which it creates quality products and Increases sales and profit in existing markets with a view to offering its customers better service This case study analysis illustrates how Ford, analyzed its business operations and market performance, moved its business forward by choosing an appropriate strategy for warranties and services. Competitive forces that shaped the Ford’s strategy: Ford was founded in the USA in 1903. In addition to facing strong Macro Enjoinment forces like 1970s economic recession and U.S. car market depression in 1980s, in highly competitive market it also kept on facing pressure due to competitive forces of market that contributed shaping organization’s strategy. By 1983, market however started swift recovery and 1986 Ford’s sale and net profit was highest in...
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...(in the form of 3-digit numbers). When adding 2 numbers, the LMC will use the ADD instruction which allows the Little Man to go to the specific mailbox address given from the instruction, then grab that number in the mailbox, then go to the calculator to add the mailbox number to the number already stored in the calculator while the number in the mailbox is unchanged. These steps follow the guidelines of the von Neumann architecture in that it stores a number, goes to the specific mailbox address, and adds to the number stored in the calculator with the number in the mailbox being unchanged. 6.7) CHAPTER 7 7.5) The fetch-execute cycle is the basis for every capability of the computer and as already seen from the Little Man Computer, the operation of every instruction is defined by its fetch-execution instruction cycle. Much of the cycle consists of copying data from one register to another and involves using steps: Step 1: PC -> MAR (instruction being transferred from the specified memory location to the memory data register) Step 2: MDR -> IR (transfer instruction to instruction register) (remaining steps are instruction dependent) [LOAD] Step 3: IR[address] -> MAR (only address part of the contents of the...
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...The 21st Century Electric Car By Martin Eberhard and Marc Tarpenning Tesla Motors The electric car, once the “zero-emissions” darling of environmentalists, is sometimes maligned as an “emissions-elsewhere” vehicle, since the electricity to charge its batteries must be generated in electrical generation plants that produce emissions. This is a reasonable point, but we must then ask how much pollution an electric car produces per mile – accounting for all emissions, starting from the gas or oil well where the source fuel is extracted, all the way to the final consumption of electricity by the car’s motor. When we work through the numbers, we find that the electric car is significantly more efficient and pollutes less than all alternatives.In this paper, we will investigate the Tesla Roadster™, which uses commodity lithium-ion batteries instead of lead-acid batteries or nickel-metal-hydride batteries as most electric cars have used. Not only does this lithium-ion–based car have extremely high well-to-wheel energy efficiency and extremely low well-to-wheel emissions, it also has astonishing performance and superior convenience.Lithium ion batteries are a lot more difficult to use than previous technologies; this is the reason that they have not so far been used in electric cars. Tesla Motors is spending a lot of effort making a safe, light, and durable lithium ion battery system. Over time, Tesla will probably put tens of millions into pack and cell features and optimization...
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...Instruments is an electronic instrumentation manufacturer servicing the manufacturing industry with measuring devices for industrial processing. It has grown from a small operation in New England ( on the East coast of America ) to become nationally known with total sales approaching $ 100 million per annum. Rather than establish branch plants Beagle have continued to produce all its product lines of predominantly high-value items in the one location. Most sales are made through industrial distributors, who tend to carry a very limited stock of the highest turnover items, ordering the majority of product as customers’ orders are received. In Beagle’s market, Beagle has established itself as a pioneer in new product development. However they have developed products to the point of maturity in the product life-cycle, only to lose to competitors able to produce and supply similar equipment on the basis of faster service. The question of service revolves around order cycle time, which is particularly important to customers lying at significant distances from the plant. Recent cases where the salesmen had specified « ship via premium transportation », considerably more expensive than the normal shipment cost but with considerable service improvement, had awakened management to the need to improve service especially for distant customers. Beagle’s present shipment policy is to ship directly from their plant-based distribution centre ( DC ) to the customer using less-than-truckload ( LTL...
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...Benefit of biking 1. reduces the cholesterol levels in the blood 2. increases the high density lipo-protein/cholesterol ratio in the blood as well 3. reduces the chances of strokes and heart attacks caused by clotting 4. reduces the chances of illnesses caused by high blood pressure 5. reduces high blood pressure 6. helps reduce the chances of diabetes 7. offers more energy 8. better sleep 9. strengthens bones 10. reduces the risk of cancer 11. lowers resting heart rate 12. reduces body fat 13. reduces stress 14. increases mental well being 15. lengthens your life span 16. if done regularly - will get you down to your ideal body weight Other Benefits • A complete leisure activity, cycling gives you the opportunity to spend time with friends. • A chance to meet new people and discover new places cannot be ruled out as well. • Cycling is a complete environmental friendly activity. Unlike other means of transport, it lets out no harmful chemicals in the air. • Cycling can prove to be the best mode to move around your local area without any difficulty The Committee has two sub-committees, The Communications Sub-committee and the Technical and Network Sub-committee, whose members are part of the overall committee. The Committee believes that Mississauga will benefit in many ways from a more extensive cycling system in that it will help promote: • Greater sense of community and personal contact ...
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...page 1 © Copyright 2010 Global NP Solutions, LLC changes in the market or technology environments. In this paper, we present four idealized case studies, representing one view of innovation strategy types. These were first described by Raymond Miles and Charles Snow in 1978 Miles & Snow’s structures, response characterization and to in changes (1) THE ENTREPENEURIAL PROBLEM As with any strategy assessment, a choice must be made regarding the market arena, the technology, and the products or services to be offered. Miles & Snow identify this as “The In short, how . Despite the intervening thirty or so years, of in management management’s particular Entrepreneurial Problem.” should the company manage share? it market technology or markets, remains as a dominant theory for Innovation Strategy. Many other papers have evaluated Miles & Snow strategy typologies (2) (3) (4) , yet few In NPD terms, we would say that The Entrepreneurial Problem should be addressed is Stages 1 and 2, or the Fuzzy Front End, such that we have identified a clear and present market need for our new product, service, or program. authors have specifically address how each would approach and implement the New Product Development (NPD) Process. After a brief introduction of each of the four Miles & Snow strategy types, we will describe how each firm would approach an NPD effort by utilizing its inherent management view. THE ENGINEERING PROBLEM It’s often...
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...Distinguish between the terms "rates" and "price" as relates to transportation? ANS: A rate, appropriate to the regulation of transportation, refers to the amount that can be found in a Rate Tariff Book as payment to a carrier for performing a given transportation service, and is the lawful charge for the service. Under deregulation, price is a more appropriate term applying to what transportation carriers charge for their services; price representing the value of services performed based on prevailing market forces. 2. The theory of contestable markets is offered to identify the relevant market structure for the deregulated transportation environment. Explain the theory. ANS: Explanation is offered for the case of airline deregulation. For deregulation to work, its market structure must closely resemble pure competition. The airline industry appeared to be oligopolistic and would prevent new entrants. Some consensus did exist that the airline industry could perform competitively. This provides the rationale for the theory, which proposes that potential competition be substituted for the active participation of many sellers. For the theory to work, four conditions have to be met: no barrier to market entry, no economics of scale, consumers would be willing to switch quickly among carriers, and existing carriers had to be prevented from responding to new entrants' lower prices. 3. Define and discuss Cost of Service Pricing. ANS: ...
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...and the capacity to better the nuclear industry for the future we find ourselves wondering how vital it really is to our livelyhood. One could say that the development of nuclear is vital because of global warming threats. Since our combustion of fossil fuels produces carbon in the atmosphere, resulting in rising heat over time. Nuclear provides a form of noncombusting renewable energy that if prudently researched and implemented provides an alternative to polluting engines of the past. This warming fear is a large reason nuclear power is a growing idea. The technology is not simple to do, the production is a very meticulous process, wielding great power for good and great danger. The process requires strong regulation. With such a high risk, high reward scenario, we as humanity's hope for a better tomorrow must weigh the pros and cons to find if we are able to prudently expand and increase research towards safety and efficiency. Producing nuclear energy is not as simple as taking it from radioactive material as portrayed in media. The power is derived from one of the two nuclear processes, called nuclear fission. For this process a slow moving neutron is absorbed by the nucleus of a uranium-235 atom, which then splits into lighter elements(products of fission) and free neutrons that shoot away quickly. This results in massive amounts of gamma ray and kinetic energy. Power...
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