their distributors (Hammond, 1). Instead of distributing Barilla’s products based on the orders the distributors placed with the company, Barilla’s own logistics organization would determine the product quantities to distribute that would most effectively meet end-consumers needs. This in turn, would more evenly distribute the workload on Barilla’s manufacturing and logistics systems (Hammond, 1). Vitali hoped his innovative idea would solve the tremendous fluctuation that occurred from week
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decrease 3. a.) manufacturing cost b.) manufacturing cost c.) manufacturing cost d.) nonmanufacturing cost e.) manufacturing cost f.) nonmanufacturing cost 4. a.) True b.) False c.) False d.) True e.) True 5. a.) direct labor b.) direct material c.) indirect labor d.) manufacturing overhead e.) indirect labor f.) direct labor g.) indirect material cost 6. a.) $41,000+28,000+12,000+9,000+4,050+3,500+50,000=$147,550 Answer: $147,550 total manufacturing costs b.) $45,000/$147
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Case 4-1 Vershire Company Internal Environment Analysis * Vershire is a diversified packaging company * Several major divisions * One of the largest manufacturers of aluminum beverage cans in the United States. * Plants scattered throughout the U.S * Key players include: CEO, divisional GM, vice presidents of marketing and manufacturing External Environment Analysis Industry competitors: * Five beverage container manufacturers accounted for 88% of the market.
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Business School 9-389-005 rP os t September 15, 1988 Skil Corporation op yo On March 23, 1979, Emerson Electric Company acquired Skil Corporation, a manufacturer of portable power tools, for $58 million. With sales of $2.6 billion in 1979, Emerson Electric produced a broad range of electrical and electronic products and systems. Emerson Electric Company Emerson Electric, originally a manufacturer of electric motors and fans, had gradually expanded into a broad range of consumer
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Explain why a flexible manufacturing system will produce productivity gains for a business deploying a range of processing machines, loading and unloading systems and coordinated work schedules. Flexible Manufacturing System (FMS) A Flexible Manufacturing System is one that can be changed or adapted rapidly to manufacture different products or components at different volumes of production. Flexible manufacturing systems are usually seen at their most efficient when manufacturing components rather than
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The trial balance of BATU BATA MANUFACTURING SDN BHD as at 31 December 2014 is peresented as below: BATU BATA MANUFACTURING SDN BHD Trial Balance as at 31 December 2014 | Dt (RM) | Ct (RM) | Cash at Bank | 14,700 | | Accounts receivable | 33,000 | | Inventory: | | | Finished goods, 1/1/2014 | 23,000 | | Work in process, 1/1/2014 | 7,500 | | Raw materials, 1/1/2014 | 3,700 | | Machinery
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In today’ world, companies often outsource major functions rather than support these functions in-house. Companies that specialize in manufacturing products for other companies have become very successful. These companies are called contract manufacturers and they have become successful in industries such as electronic products, clothing, drug, plastics, and custom manufacturing. A simple definition of a contract manufacturer is an organization capable of manufacturing and/ or purchasing all the
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The four P’s: The two companies could only became successful and therefore could reach global recognition by the efficient use of the four P’s. Let’s see what the four P’s mean in the case of these firms. Product: Although toothpaste, shower gel, detergents are convenience goods, (these products are usually bought with little planning) Colgate-Palmolive and Unilever maintain a high level of quality. “Companies choose a quality level that matches target market needs and the quality levels of competing
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QU#1 The Mountain High Coffee Company manufactures and sells two coffee products, Mountain High Coffee and Mountain High Beans. In July 2010 Mountain High’s Budget Department gathered the following data in order to prepare budgets for 2011: 2011 Projected Sales Product Unit Price Mountain High Coffee 60,000 $ 165 Mountain High Beans 40,000 $ 250 2011 Inventories in Units
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Chapter 1--Managerial Accounting Concepts and Principles Key 1. Accounting is an information system that provides essential data about the economic activities of an entity to various users to aid them in making informed judgments and decisions. TRUE 2. Managerial accounting reports are prepared according to generally accepted accounting principles. FALSE 3. Managerial accounting information includes both historical and estimated data. TRUE 4. Since there are few rules to restrict
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