PROBLEM 3-46 (35 MINUTES) 1. Predetermined overhead rate = budgeted overhead ÷ budgeted direct-labor cost = $5,460,000 ÷ $4,200,000 = 130% of direct labor cost 2. Additions (debits) total $15,605,000 [$5,600,000 + $4,350,000 + ($4,350,000 x 130%)]. 3. The finished-goods inventory consisted of job no. 2143, which cost $351,500 [$156,000 + $85,000 + ($85,000 x 130%)]. 4. Since there is no work in process at year-end, all amounts in the Work-in-Process account must be
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Research Roman Friedrich Matthew Le Merle Florian Gröne Alex Koster Measuring Industry Digitization Leaders and Laggards in the Digital Economy Use your smartphone to scan the QR code on the cover of this Perspective, and you will be taken to the CMT Foresight home page on Booz.com. Contact Information Beirut Bahjat El-Darwiche Partner +961-1-985-655 bahjat.eldarwiche@booz.com Berlin Dr. Florian Gröne Principal +49-30-88705-844 florian.groene@booz.com Delhi Ashish Sharma Principal +91-124-4998705
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Managing the Talent Crisis in Global Manufacturing Strategies to Attract and Engage Generation Y A Deloitte Research Global Manufacturing Study Table of Contents Introduction................................................................................... 1 The Talent Paradox in Global Manufacturing: Survival of the Skilled................................................................... 2 The Depleting Talent Pipeline in Global Manufacturing ............ 3 The Challenge and Opportunity
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operations. Reading: The Challenges of Managing Services 1. In comparison to manufacturing industry, services have: a. Less structured jobs. b. Higher customer contact. c. Lower worker skills. d. Low skill entry-level positions. e. Higher employee turnover. f. Higher input variability. 2. Because of the factors listed in the answer to question 1, in service industry it is more difficult to control costs and quality resulting in lower productivity. In addition
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The Superior Manufacturing Company received a net loss income statement for a good business year (2004). SMC has only 3 products and lots of competitors with similar products. So, price cutting always need a reduction by all the competitors in this industry. The manufacturing strategy of SMC is based on the ‘dedicated factory’, which means each product has its own productive factory. And SMC has a simple cost system. This cost system has 2 categories of costs. First one refers to the costs can be tied
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Globalization and Anti-Globalization: An Indian Perspective If one is going to talk about globalization, the term globalization must be defined. That’s the easy part. Globalization is defined as free cross-border flow of goods, services, capital, labour, information, ideas, intellectual property. Everything in fact. Defined thus, globalization is more than mere trade reform. Globalization has a descriptive component, as well as a prescriptive one, with the latter more important than the
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real estates, financial services There are four major types of industry in Canada/USA/Europe. Primary, Secondary, Tertiary and Quaternary. Primary Industries Industries that take in raw materials from the natural environment. Also known as extractive industries. (known as primary because extraction, or removal of natural resources must happen before anything else can be made. Everything comes from the earth) Primary industries in Canada include agriculture, mining, forestry, and fishing. Canada
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CASE 2-1 Ed Walters & Robin Smith from Brixton surgical Devices plan to increase inventory and give discounts of 25% discounts is unethical in this case because this plan is executed for their own good to gain bonuses not for the company’s interest. What they did will certainly decrease overhead cost by distributing it among inventory stock but in the balance sheet it will show that the inventory is more than the cash and so the quick ratio will be very low, and the increase in production means
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‘Mentor’ would be the name of the faculty mentor of the student. * Choose your Industry from the List of Industries mentioned below. If it doesn’t feature in the List, then mention it in BOLD RED. } The details needed are: 1. Roll No : 2. Specialization: 3. Mail Id: 4. Title : 5. Company: 6. Course: 7. Summary : 8. Industry : 9. Student: 10. Mentor: List of Industries: 1. Advertising 2. Aeronautics 3. Automobile 4. Aviation 5. Banking 6.
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SHIPPER MANUFACTURING COMPANY Teaching Notes Synopsis and Purpose Shipper Manufacturing Company is a manufacturer of electrical products, laminated materials, and specialty products. The Advanced Products Division (APD), which manufactures the specialty products, has reformulated its corporate strategy. As a result, its manufacturing strategy should also be revised. In the past, APD has manufactured custom products in low volume for its customers. The division plans to gradually
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