1. Why was Dakota's pricing system inadequate for its current operating environment? Currently, DOP's pricing system is pricing products by adding markup twice, which is marking up the purchased product cost by around 15% to cover the cost of warehousing, distribution, and freight. Then add another markup to cover the approximate cost, for general and selling expenses, plus an allowance for profit. We found that the existing pricing system is inadequate regarding to following points: The
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Module learning and Theories Section 1: The importance and role of economic information Macroeconomic has an impact across all business sectors. In the business environment of THE CONSORTIUM it has a high impact. This is due to the nature of the work in which the Consortium undertakes. The main area of business for THE CONSORTIUM is within training and development, predominately across the VCS. Recently THE CONSORTIUM secured a SFA contract to deliver Apprenticeships to support the 19 –
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value to the customer. This approach tends to result in very high prices and correspondingly high profits for those companies that can persuade their customers to agree to it. It does not take into account the cost of the product or service, nor existing market prices. Good-Value Pricing: is offering just the right combination of quality and good service at a fair price. Value-Added Pricing: is a pricing strategy that attaches value-added features and services to differentiate a market offering
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projections based on existing trends and patterns. For instance, if you are considering replacing your computer system with more modern state-of-the-art computers, you can estimate the cost of purchasing and installing the new machines, as well as the value of time lost while workers are trained or get accustomed to the new equipment. There might be an expense for training employees in the new system as well. On the positive side, you would consider what tasks the new computer system will speed up, if
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4T12 Project FEASIBILITY STUDY GUIDELINE This guideline is to be used in preparing a feasibility study for major projects. This is different to the work carried out in the Infrastructure Planning examined in Module 2 because we are now concerned with the details of a particular project as opposed to the overall planning of a whole multi-year infrastructure programme. The term “feasibility study” is used as a convenient description for the output for the work done, users of this toolkit should
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draft the program. Faculties determine the hours of teaching and other necessary items to deliver the program (output). The detail of items (input) provided by Faculties is recorded on the costing sheet. Other necessary items which are not related to academic programs should also be scheduled on the costing sheet. Total cost of delivery is figured and stated on the proposal (output) to be submitted to the client. In this phase, risk assessment should be conducted. All risks (input) which might
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Response to Discussion Mod 3 1. Job order costing is a system for assigning manufacturing costs to individual products. Job order cost systems is used when products are made based on specific customer orders. Each product produced is considered a job. Costs are tracked by each job. 2. Residential Home Construction company 2a. A Job Order Cost system can be used to help maximize profits in a residential home construction company by measuring and recording direct material cost, direct labor cost
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Oracle® Inventory Consigned Inventory from Supplier Process Guide Release 12 Part No. B31583-01 December 2006 Oracle Inventory Consigned Inventory from Supplier Process Guide, Release 12 Part No. B31583-01 Copyright © 2003, 2006, Oracle. All rights reserved. Primary Author: Susan Saperstein Contributing Author: Greg Comlish, Janardhan Gidijala, John Salvini, Lina Valesquez The Programs (which include both the software and documentation) contain proprietary information; they are provided
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closely-held paperboard manufacturer that has been struggling with a number of strategic issues facing a capital-intensive, mature industry. Their product costing system was inadequate to provide management with relevant information for decision making. Therefore, the board of directors has approved your consulting company’s proposal to conduct a cost system pilot study. Besides showing an analysis of FHPC’s product cost, your report to the board of directors is to include strategic recommendations based
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MAA 703 Management Accounting Trimester 1, 2011 Assignment - A Group Case Study Due date: Monday 23 May 2011. Marks: 20% Length: approximately 1500 words This is a group assignment. Only in very exceptional circumstances will permission be given to complete an individual assignment. Details regarding assignment submission will be provided later. Please note the following requirements AND FOLLOW THEM CAREFULLY: • Your assignment should be presented as a Word document
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