...Variance Analysis Question WICB Limited is a manufacturer of cricket bats. It uses a standard absorption costing system to monitor performance of managers and departments. A standard absorption cost card for one of its models, the Boundary, is given below: $ $ Selling price 250.00 Production costs: Direct material: 12 metres at $1.50 per metre 18.00 Direct labour: 4 hours at $6.00 per hour 24.00 Variable overhead: 4 hour at $15.00 per hour 60.00 Fixed overhead: 4 hour at $10.00 per hour 40.00 142.00 Gross Profit $108.00 Budgeted production and sales are 1,000 Boundary per month. Actual results for the manufacture and sale of Boundary for the most recent month were as follows: Sales: 1,200 bats at $240.00 each. Production: 1,300 bats Direct material (purchased and used): 1,600 metres at $1.40 per metre Direct labour (worked and paid): 5,000 hours at $6.00 per hour Variable overhead $75,500 Fixed overheads $54,600 There were no opening stocks of finished goods. Required: a) Calculate the following variances for the most recent month i) Direct material price; ii) Direct material usage; iii) Direct labour rate; iv) Direct labour efficiency; v) Variable overhead expenditure; vi) Variable overhead efficiency; vii) Fixed overhead expenditure; viii) Fixed overhead capacity; ix) Fixed overhead...
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...Variance Example 1: Horngern, 12 th ed. Pr. 7-42 Cookies Etc. bakes cookies fro retail stores. The company’s best selling cookie is Dream Chocolate which sells for $ 8 per pound. The standard monthly production level is 400.000 pounds and the standard inputs and costs per pound are: | |Quantity per pound of Cookie |Standard Unit costs | |Direct material | | | | Cookie mix |10 oz. |$0.02 per oz. | | Milk chocolate |5 oz. |$15 per oz | | Almonds |1 oz. |$0.50 per oz | |Direct Manufacturing labor a | | | | Mixing |1 min |$14.40 per DLH | | Baking |2 min |$18.00 per DLH | |Variable overhead b |3 min |$32.40 per DLH | |a. Direct manufacturing labor rates include employee benefits. ...
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...DISCRIPTIVE ANAYSIS OF VARIABLES KFC KFC: Food, fun & Festivity, this is what KFC is all leading the market since its inception, KFC provides the ultimate chicken meals for a chicken loving nation. Be it colonel sanders secret original recipe chicken or the hot & spicy version, every bite brings a yum on our face. At KFC we can proudly say, “We do chicken right”. Perfecting its secret recipe of 11 herbs and spices in 1939, KFC has come a long way. With over 10,000 outlets in the world, KFC has maintained its title, for the last 60 years, of being the chicken Experts. Opening the first KFC outlet in Gulshan-e- Iqbal in 1997. KFC wore the title of being the market leader in its industry. Serving delicious and hygienic food in a relaxing environment made KFC everyone’s favorite. Since then, KFC has been constantly introducing new products and opening new restaurants for its customers. Presently KFC is branched out in eighteen major cities of Pakistan (Karachi, Lahore, Gujranwala, Sukkur & Muree) with more than 60 outlets nation-wide. DESCRIPTIVE ANALYSIS OF #OF CUSTOMERS: Month | # of customers | x2 | Jan | 12546 | 157402116 | Feb | 12782 | 163379524 | Mar | 12417 | 154181889 | Apr | 11786 | 138909796 | May | 12530 | 157000900 | June | 12899 | 166384201 | July | 12050 | 145202500 | Aug | 12530 | 157000900 | Sep | 12897 | 166332609 | Oct | 12643 | 159845449 | Nov | 11650 | 135722500 | Dec | 12896 | 166306816 | Jan | 13265...
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...EML3012C – Lab #1 Measurement, Instrumentation, Statistics and Error Group 1A Lab Performed: 9-5-2012 Report Submitted: 10-11-2012 Table of Contents: I. Motive…………………………………………………………….…………….iii II. Experimental…………………………………………………………………..iv III. Results/Discussion ………………….………………….…………..…….v-viii Part 1 Data…………………………………………..………………………….......v Part 1 Histogram……………………………………...……………………………vi Part 1 Calculations…………………………………...………………………….v-vi Part 2 Data summary……………………………………..…………………….…vii Part 2 Calculations……………………………………….………………………viii IV. Conclusion…………………………………………………………………….ix V. Appendix…………………….……………………………………………...x-xii I. Motive: The purpose of this lab is to analyze the error and deviation of manmade and manufactured objects. Measuring the marbles 100 times gives a population. The block’s dimensions (length, width, height) were measured 20 times each. This gives a sample for each dimension. From the population and samples, a histogram can be made of the data. Additionally, from these mean, mode, median, and standard deviation can be calculated. Lastly, the error and error propagation must be included because there is human and instrumental error. II. Experimental: This lab had two parts. For the first part, 100 glass spheres were measured. The A spheres were used. In the second part, the dimensions...
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...Charter Financial Bank + NutriStar Project and Production Management Tutorial Group 8 Replacement-Paper for the FIRST test Case I - Charter Financial Bank Charter Financial Bank recently got the Idea to develop a Website to promote bank services, to provide access to customer account information, and to allow individuals to apply online for loans and credit cards. In order to develop this Websites Ray Chopper, Vice-President of Information Technology at the bank, was assigned for this task and asks for help. For easier demonstration I renamed the Activities as follows: Benchmarking | Activity A | Project Plan and Project definition Doc. | Activity B | Website Design | Activity C | Developing the Website's Database | Activity D | Developing and Coding the actual Web pages | Activity E | Developing and Coding the Website's forms | Activity F | Test and Debugging | Activity G | Task 1: What is the cost of completing this project if no overtime is used? Ho long will it take to complete the project? Costs of Completing this Project | Normal | | Activity | Time (Days) | Costs ($) | A | 10 | 15000 | B | 5 | 3750 | C | 15 | 45000 | D | 10 | 9000 | E | 10 | 15000 | F | 7 | 8400 | G | 3 | 4500 | Total | | 100650 | Table 1 The total costs of completing this project if no overtime is used are $100650 (Table 1) The critical path of the project consists of the path A – B – C – (D or E) – G and has duration of 43 Days (Figure...
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...Statistical Analysis and the common perception of property crime This project will determine whether or not a relationship exists between various variables as they pertain to, or not, property crime. Property crime affects everyone in the population, directly or indirectly. The ability to understand and predict indicators (independent variables) of property crime can help focus the finite assets of society and the government to reduce, or in a utopic vision eliminate, property crime. To help determine the applicability of the variables, a multiple regression was performed on the property crime dataset (appendix A) to analyze the dependent or independent relations to the crime variable. APPX A shows the results of the regression analysis between each of the 8 variables when associated with crime. By using Minitab 16 for this procedure, tests were run to measure the relative p-values among the independent variables. Each independent variable in the regression models had tolerance values close to 0.1 and variance inflation factors (VIF) well below the target value (below 0.05, Allen tutorials cconline.net/browna/tutorials_mt16.htm). In fact, all were below 0.05 indicating the predictive value of the regression models and the rejection of Ho (null hypothesis) Ho: none of the variables predict Property Crime Ha: at least one of the independent variables is helpful to predict property crime The dependent variable is CRIMES: Property crime rate per 100k inhabitants...
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...------------------------------------------------- 1.0 Introduction Investment In finance, investment is putting money into an asset with the expectation of capital appreciation, dividends, and/or interest earnings. This may or may not be backed by research and analysis. Most or all forms of investment involve some form of risk, such as investment in equities, property, and even fixed interest securities which are subject, among other things, to inflation risk. It is indispensable for project investors to identify and manage the risks related to the investment. Investment Management Investment management is the professional asset management of various securities (shares, bonds and other securities) and other assets (e.g., real estate) in order to meet specified investment goals for the benefit of the investors. Investors may be institutions (insurance companies, pension funds, corporations, charities, educational establishments etc.) or private investors (both directly via investment contracts and more commonly via collective investment schemes e.g. mutual funds or exchange-traded funds). The term asset management is often used to refer to the investment management of collective investments, while the more generic fund management may refer to all forms of institutional investment as well as investment management for private investors. Investment managers who specialize in advisory or discretionary management on behalf of (normally wealthy) private investors may often refer...
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...Penggunaan exel Boo Boo Wow Lead you smart !!! ------------------------------------------------- Top of Form Bottom of Form Pages * Beranda Sponsor FOREDI UNTUK TAHAN LAMA SEX REKOMENDASI BOYKE! | Merapatkan VAGINA yang KENDOR | TURUN 3-5 KG dalam SEMINGGU..! Simpelet 3 | invest hanya 100 ribu, penghasilan hingga 10 jt/bl | KumpulBlogger.com:Menerima Bitcoin | Selasa, 14 Mei 2013 artikel lengkap, contoh rumus fungsi excel lengkap, materi pelajaran, mudah murah lengkap simple, pengertian definisi ringkasan contoh lengkap fungsi rumus formula excel microsoft, tutorial mudah, wow Rumus Fungsi Microsoft Excel Lengkap Contoh dan Penjelasan Inilah 31 bahkan lebih contoh contoh serta penjelasan rumus ( formula ) dan fungsi ( function ) secara lengkap dan singkat yang biasanya digunakan pada microsoft excel ddari versi 2007 sampai 2010. Fungsi ini secara acak ada fungsi text , fungsi logika , fungsi tabel , dan lain lain. Untuk yang belum tau apa itu rumus dan fungsi excel klik Pengertian Contoh Fungsi Rumus Excel Lengkap Microsoft. Inilah : 1. Fungsi VALUE digunakan untuk merubah nilai value menjadi nilai text, penulisannya : =VALUE(text) 2. Fungsi FIND digunakan untuk menghasilkan posisi substring dari sebuah string atau suatu nomor yang dicari,penulisannya : =FIND(cari text,pada text,mulai nomor) 3. Fungsi MID digunakan untu mengambil karakter tertentu dari sederet karakter, penulisannya : ...
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...Budgeting OVERVIEW Brief description This toolkit provides guidelines on how to go about developing and monitoring a budget. It will help you with an overall organisational budget as well as with a budget for a specific project. It includes tools for estimating costs as well as tips for ensuring that your budgets meet the needs of your project or organisation. In the examples section we give actual examples of budgets and how they can be monitored. Why have a toolkit on budgeting? Budgeting is the key to financial management. The toolkit will help you plan, develop and use budgets effectively in your organisation. If you have a sound understanding of the principles of budgeting, you will be well on the way to sound financial management. If you use this toolkit in conjunction with other toolkits, as indicated, you will increase the capacity of your organisation to manage its finances effectively. You will also increase its ability to survive through foresight and planning. Who should use this toolkit? This toolkit is aimed specifically at people who have had little or no experience with budgeting. Perhaps you have not been involved in running an organisation, project or department before. Or perhaps you have not been involved in the financial management side of the work before. Now you are faced with the task of developing a budget, or budgets, and you are not quite sure where to start. If you are in a situation like this, then this toolkit will be useful for you. When will...
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...Budgeting OVERVIEW Brief description This toolkit provides guidelines on how to go about developing and monitoring a budget. It will help you with an overall organisational budget as well as with a budget for a specific project. It includes tools for estimating costs as well as tips for ensuring that your budgets meet the needs of your project or organisation. In the examples section we give actual examples of budgets and how they can be monitored. Why have a toolkit on budgeting? Budgeting is the key to financial management. The toolkit will help you plan, develop and use budgets effectively in your organisation. If you have a sound understanding of the principles of budgeting, you will be well on the way to sound financial management. If you use this toolkit in conjunction with other toolkits, as indicated, you will increase the capacity of your organisation to manage its finances effectively. You will also increase its ability to survive through foresight and planning. Who should use this toolkit? This toolkit is aimed specifically at people who have had little or no experience with budgeting. Perhaps you have not been involved in running an organisation, project or department before. Or perhaps you have not been involved in the financial management side of the work before. Now you are faced with the task of developing a budget, or budgets, and you are not quite sure where to start. If you are in a situation like this, then this toolkit will be useful...
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...A STUDY ON EMPLOYEES WELFARE MEASURES WITHREFERENCE TO INTEGRAL COACH FACTORY, CHENNAI. ACKNOWLEDGEMENT First and foremost, I thank almighty for keeping me hale and healthy for successful completion of the project.I express my respectful and sincere thanks to our honorable ChairmanThiru R.S Munirathnam who provided a wonderful atmosphere which enable me to do not onlythis project work but also the academic activities.I express my deepest gratitude to Our Principal Dr.M.R.Jayatheertha Rao hadgiven this opportunity to do this project.I profoundly thank our Head of the Department Dr.Prema Sankaran M.B.A., Ph.D for providing a great opportunity to do this project.I sincerely thank to my guide, Ms.Muzhumathi BRIEF DESCRIPTIVE , M.B.A, M.Phil, Lecturer, for her kind words and continuous encouragement which has inspired me in completion of this project.I would like to thank Mr.D.Anandhan Chief OS,Integral Coach Factory ,Chennai ,for giving me the opportunity to execute the project successfully with his guidance in their esteemed organization.I am also taking the pleasure to express my sincere thanks to all other staff membersof The Department of Management Studies , R.M.K.Engineering College for their kind co-operation. Last but not least, I would like to convey my sincere gratitude to my parents andfriends, who have always been a source of inspiration towards the completion of this project. ABSTRACT The present study was under taken with such a task in mind and...
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...An research of the seasonalities in the Pakistan’s Stock Market: Monday, January and the Ramadan Effect . Hanan Abdul Razaq 10th March 2009 Acknowledgements I am indebted to my dissertation lecturer for his help and guidance throughout the project. I would also like to thank my family and friends for their unconditional support and understanding throughout the year specially during the crucial times when my head Was down but they gave me that extra strength and support to push forward and Complete this project on time. Abstract In recent years, we have observed an increase in interest from both individuals’ institutions and investors in emerging markets. It’s important for the investors to know whether the market is efficient, inefficient or neutral. This study wishes to document the Pakistani market and their Stock Exchange by looking at the existence of Calendar Anomalies such Monday effect and the January effect. Secondly this study investigates the presence of the so-called Moving Calendar anomaly, the “Ramadan Effect”. The following three indices are used: KSE-100, LSE-25 and ISE-10. An OLS regression and a GARCH (1,1) methodology will be used for the testing daily, weekly and monthly returns. The findings of this study shows the existence of Monday effect in ISE-10 index using...
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