manufacturing. (b) May a company us both types of cost accounting systems? A company may use both types of systems. For example, General Motors uses process costing for standard model cars and job order costing for custom-made vehicles. 3. What type of industry is likely to use a job order cost system? Give examples. A job order cost system is most likely to be used by a company that receives special orders, or custom builds, or produces heterogeneous items or products; that is, the product manufactured
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space through intelligent strategic moves. By analyzing thirty different industries across a century the writers opined that sustaining high performance standards in an overcrowded industry might not be enough for being a leader or having the major chunk of the market pie. It is possible only by altering boundaries of the currently existing industries. Red ocean strategies as referred by the authors represent all the industries today where each and every company fights fiercely to gain the market
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Accounting 550 DQ 1. There are four firms in an industry with the following market shares Firm 1 -30% Firm 2 -25% Firm 3 -25% Firm 4 -20% A) Calculate the Herfindahl Hirschman Index for the industry. HHI (.30) + (.25) + (.25) + (.20) HHI = 900 + 625 + 625 + 400=.225 b) What is the number of effective competitors in this market? Show your calculation. = 1/.255: = 3.92 DQ 2. Suppose the demand curve for a monopolist is given as: Qd = 500- P MR = 500 - 2Q a) Determine the
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De La Salle Araneta University College of BusinessBrines, Christian Joseph Palmones, AdrioBabon, Jossearohi Malonzo, CelineCabrera, Raymund 1. The production process of Lew-Mark baking company in making cookies is automatedwhich makes their production efficient, cost and time saving. Efficient in a way that theclerical errors which are attributed to human limitations are omitted. Their production isalso cost saving for the reason that the labor cost and wastages are reduced. Finally, it istime
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Cooper Industry Case Analysis Cooper Industry is an engines and compressors maker with a history more than 150 years. It had been a small company but with good reputation until 1960. In 1960, Cooper expanded its business by acquiring other manufacturing company. It had a famous process call “cooperization” which brought up with many highly efficient, profitable, and competitive businesses. In 1989, Cooper was considering more acquisitions. It first won the bidding with a $21-a-share tender offer
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explains how the market space if divided by these two oceans. The red ocean symbolizes the industries that are currently in present in the market. These industries serve as models for current competitors as well as future ones. On the other side, blue oceans are industries that are “not in existence today.” These industries are unknown and could be developed from red oceans or from completely new industries. The main difference between these two types of markets is the customer demand. Red oceans
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with a lot of constraints, including scarce capital, intensive technology, foreign exchange constraints, poor management, corruption and inadequate attention to economic viability and market prospects which has resulted in poor performance of the industries in terms of output and employment (Steel & Webster, 1992). Following an economic recession in the 1980’s which resulted in the retrenchment of workers from the civil service, the rationalization of production in the private sector under the
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and x-ray hazards. There is a risk of exposure to chemicals used in cleaning, medical processes etc. (1) More workers are injured in the healthcare and social assistance industry sector than any other. In 2010, the healthcare and social assistance industry reported more injury and illness cases than any other private industry sector -- 653,900 cases.(2) Materials and Procedure Procedure How do you minimize the risks at the workplace, I divided them into three categories. The first category is
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do not have the hands-on experience like you do on the shop floor, and I will take any information and advice you give us into our project consideration. In addition, my team does have professionals with relevant experiences in the manufacturing industry and more resources from Deloitte Consulting Group ready to support the project. With our training and experiences, my team will have a big picture analysis and provide you and the rest of SKS a “re-engineered” production process that will allow your
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The two specific industries that should be focused on are the water and food industries. The U.S. is a good place for B2P to start to expand into. Americans are increasingly concerned about food and water safety and there is a growing market within the U.S for do-it-yourself water and food testing kits. In the U.S. the E. coli testing market has a mixture of company types, from large laboratories to consumer-oriented products but no single company dominates the industry. Since no single company
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