predict the optimal balance between order costs and carrying costs. 2. The calculations determined that 1,549 cans should be ordered at a time. There should be 19 orders each year. 3. When ordering at the EOQ of 19 orders, the total ordering costs were $387.30 and total carrying costs were also $387.30. 4. The carrying costs when ordering all 30,000 cans at start of year is $7,500.00. This cost is significantly higher when compared to the EOQ's Carrying Costs of $387.30. The loss would be $7
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leave management and recruiting which will have a positive impact on the following: • Supervisory salary expenses are expected to be reduced by 9.7% by the end of 2016 • Management team would be able to reduce to 90 people instead of 100 • Total fixed costs are expected to be reduced by 2.6% annually. Roll Out: Q1: January – March • Kick off Calls – HRIS Project Team introductions (high level) establish a go live date • HRIS Project team to visit sight and organize scheduling and resource
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E35, P45, P46, P47, P48 | TOTAL = 16 OR 17 QUESTIONS80% NEW (CH. 7, 8 &15) + 20% OLD (CH. 4, 9, & 10) ALSO GO THROUGH SAMPLE EXAMS + ALL EXCEL PROBLEMS | ADDITIONAL PRACTICE QUESTIONS 1. Slyman Manufacturing Inc. has developed the following standards for one of its products. The materials are not substitutable. Material 1 | 5 yards | $6/yard | $ 30 | Material 2 | 6 pieces | $5/piece | $ 30 | Direct labor | 3 hours | $24/hour | $ 72 | Total variable cost per unit | |
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Contribution Margin = 206.2-202.6 = 4.14 / Unit When it comes to the break even, Contribution margin * Unit(BE) = Fixed Costs. Unit(BE) = 729,000 / 4.14 = 176,086.96， So the break even for Danshui is 176,087. 2. Based on the data in Exhibit 3, Total expected cost / Unit = 41,140,000 / 200,000 = $205.7 / Unit Actual cost / Unit = 38,148,000/180,000 = $211.93 / Unit 3. Flexible Budget | Budget(180,000) | Actual(180,000) | Variance | Revenue | 37,116 | 37,476 | 360
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= £0.5 per Kilo =£ 0.075 per unit (150 gm.) So, total Variable cost = 0.855 * Fixed Costs : * Land Factory cost =£ 30,000 * Average expenditure for advertising =£ 400,000 * Sales Representative cost = £12,000 * Car cost =£3000 * Skilled Staff in factory cost = £35000 * Production Line cost =£ 25000 So, total Fixed costs =£ 505000 * Average price per unit soap = average price of
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footage Allocated overhead based on: Direct labor hours Direct labor dollars Direct material dollars Square footage of plant b. Texas 3,000,000 $60,000,000 $180,000,000 200,000 Mexico 4,000,000 $40,000,000 $200,000,000 300,000 Total 7,000,000 $100,000,000 $380,000,000 500,000 $4,085,000 5,700,000 4,465,000 3,800,000 $5,415,000 3,800,000 5,035,000 5,700,000 % Texas 43.0% 60.0% 47.0% 40.0% $9,500,000 9,500,000 9,500,000 9,500,000 Questions involving
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following approaches: Total revenue to total cost – In order to project what profits a company will generate, we will use two factors, total cost and total revenue. The total revenue is determined by multiplying the product of sales (quantity) by the given price. TR=P*Q The total cost is what a company pays for production of a product which includes both total fixed cost (TFC) and total variable cost (TVC). Whereas TC= TFC + TVC (Q) at each level a unit is produced. Once the total cost is deducted
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projected to make a profit? The below pro forma profit and loss statement states that the clinic is currently operating at a loss of $3,173 per month, considering that subtraction of fixed and variable costs. The contribution margin per month totals $48,138 or divided out equals to $35.67 per visit. The hospital is not sustaining itself at this point or even paying for its fixed costs. Pro Forma Average Month: | | | | | | | | Number of visits | | 1,350 | | |
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Marginal Costing Dr. Shubhra Product Costing There are mainly two techniques of product costing and income determinationAbsorption Costing: This is a total cost technique under which total cost (i.e., fixed cost as well as variable cost) is charged as production cost. In other words, in absorption costing, all manufacturing costs are absorbed in the cost of the products produced. Marginal Costing: An alternative to absorption costing is marginal costing, also known as ‘variable costing’
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LIKELY TO HAVE GONE UP AND CUSTOMER SERVICE LEVELS UP. D. ANSWER: C ANSWER: E ANSWER: D ANSWER: A Answer: C Answer: D Raw materials purchased represents: well over 50% of sales for most major manufacturers. Answer: C Answer: D Total cost of ownership Bull Whip Effect: lack of synchronization among supply chain members, lack of communication. Disease is: variability moving upstream moving up to the supply chain. Antidote is communication coordination. ie: infrastructure Class
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