MaxiDrive manufactures a wide variety of parts for recreational boating, including a gear and driveshaft part for
Question:
Required
1. Calculate the target cost for maintaining current market share and profitability.
2. Can the target cost be achieved?How?
Transcribed Image Text:
Actual Cost $7,000,000 2,625,000 2400,000 Budgeted Quantity Budgeted Actual Quantity Cost Materials Direct labor Indirect labor Inspection (hours and cost) Materials handling (number of $6,500,000 2,500,000 2,500,000 300,000 920 1,000 350,000 purchases and cost Machine setups (number and cost) Returns and rework (number of 3,500 1,400 500,000 750,000 3,450 1,500 485,000 725,000 imes and cost) 300 80,000 500 130,000 $13,130,000 S13,715,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (13 reviews)
1 The unit cost is currently 54860 1371500025000 The current profit per item is 610 54860 6140 Thus ...View the full answer
Answered By
Hassan Imtiaz
The following are details of my Professional Experience. Responsibilities Eight years of demanding teaching experience in the field of finance and business studies at Master’s Level. Completion of the given tasks within given time with quality and efficiency. Marketing professional with practical experience in and solid understanding of a diverse range of management applications, including market analysis, sales and marketing, team building and quality assurance. I have excellent skills to approach deal and sustain corporate clients / customers by demonstrating not only extraordinary communication and interpersonal skills but also high caliber presentation, negotiation and closing skills. Manage and follow up the day-to-day activities. Manage and co-ordinate the inventories. Fulfillment of all the tasks assigned.
The following are details of my Areas of Effectiveness. Finance 1. Corporate Finance 2. Advanced Corporate Finance 3. Management of Financial Institutions 4. International Financial Management 5. Investments 6. Fixed Income 7. Real Estate Investment 8. Entrepreneurial Finance 9. Derivatives 10. Alternative Investments 11. Portfolio Management 12. Financial Statement Analysis And Reporting (US GAAP & IFRS) 13. International Financial Markets 14. Public Finance 15. Personal finance 16. Real estate 17. Financial Planning Quantitative Analysis 1. Time Value Of Money 2. Statistics 3. Probability Distribution 4. Business Statistics 5. Statistical Theory and Methods Economics 1. Principles of Economics 2. Economic Theory 3. Microeconomic Principles 4. Macroeconomic Principles 5. International Monetary Economics 6. Money and Banking 7. Financial Economics 8. Population Economics 9. Behavioral Economics International Business 1. Ethics 2. Business Ethics 3. An introduction to business studies 4. Organization & Management 5. Legal Environment of Business 6. Information Systems in Organizations 7. Operations Management 8. Global Business Policies 9. Industrial Organization 10. Business Strategy 11. Information Management and Technology 12. Company Structure and Organizational Management Accounting & Auditing 1. Financial Accounting 2. Managerial Accounting 3. Accounting for strategy implementation 4. Financial accounting 5. Introduction to bookkeeping and accounting Marketing 1. Marketing Management 2. Professional Development Strategies 3. Business Communications 4. Business planning 5. Commerce & Technology Human resource management 1. General Management 2. Conflict management 3. Leadership 4. Organizational Leadership 5. Supply Chain Management 6. Law 7. Corporate Strategy Creative Writing 1. Analytical Reading & Writing Other Expertise 1. Risk Management 2. Entrepreneurship 3. Management science 4. Organizational behavior 5. Project management 6. Financial Analysis, Research & Companies Valuation 7. And any kind of Excel Queries
4.80+
150+ Reviews
230+ Question Solved
Related Book For
Cost management a strategic approach
ISBN: 978-0073526942
5th edition
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
Question Posted:
Students also viewed these Management Leadership questions
-
DualShaft Inc. manufactures a wide variety of parts for recreational boating, including boat engines. The component is purchased by OEM (original equipment manufacturers) such as Mercury and Honda,...
-
The National Battery Company produces a wide variety of batteries for home, automobile, and marine use. One example of its many products is the Road Guardian automobile battery. The standard cost for...
-
The Georgeville city government provides a wide variety of services to the community. Among them is the protection provided by the police force. In order to provide that force it spends $ 3 million...
-
Consult Paragraphs 28-30 of PCAOB Auditing Standard No. 5. Identify at least one relevant financial statement assertion related to the restructuring reserve account. Why is it relevant?
-
When a dilute solution of 6-phenylhexanoyl chloride in carbon disulfide was slowly added (over a period of 8 days!) to a suspension of aluminum chloride in the same solvent, it yielded a product A...
-
Create a simple math game for children. Use a CSS file to make the design appealing to a young child. Allow the user to type two numbers into two text fields, and then to select the operation...
-
For each of the following variables, identify whether you could use a pie chart, bar chart, histogram, or frequency polygon to visually display the data: a. Shoe size b. College major c. Favorite...
-
The beginning inventory and data on purchases and sales for a three-month period are shown in Problem 7-1B. Instructions 1. Record the inventory, purchases, and cost of merchandise sold data in a...
-
graph the hyperbola. Find the center, the lines which contain the transverse and conjugate axes, the vertices, the foci and the equations of the asymptotes. x2 y 1. = 1 16 9
-
As a result of a recently passed bill, a congressmans district has been allocated $4 million for programs and projects. It is up to the congressman to decide how to distribute the money. The...
-
Why do prices at Orlandos theme parks remain high despite seasonal and economic cyclical ups and downs? What type of strategic pricing is used by these theme parks?
-
In the recession of 2008 one of the important factors was the rise in certain commodity costs, particularly food commodities. In June 2008 the price of the average four-person family food budget had...
-
Because of the skewness of the distributions of fusion times described in Exercise 49, we might consider a re-expression. Here are the boxplots of the log of fusion times. Is it better to analyze the...
-
what ways do psychological resilience and neuroplasticity intersect, and how do these phenomena contribute to an individual's capacity to cope with adversity and bounce back from setbacks?
-
Find the density of seawater at a depth where the pressure is 580 atm if the density at the surface is 1035 kg/m3 Seawater has a bulk modulus of 2.3 x 109 N/m2. Bulk modulus is defined to be Answer...
-
what ways does delegation serve as a mechanism for skill development and talent management within organizations, and how can it be leveraged to foster employee empowerment and career progression?
-
How do principles of delegation intersect with organizational hierarchy and distributed decision-making structures, particularly in complex, multi-layered enterprises?
-
Create a function that will concatenate two strings, combining them with a specified separator. To do so, write a function called string_concatenator. This function should have the following inputs,...
-
Find each integral in Problems 3848. S. 0 X (1+x) dx
-
Match the following. Answers may be used more than once: Measurement Method A. Amortized cost B. Equity method C. Acquisition method and consolidation D. Fair value method Reporting Method 1. Less...
-
Refer to the monetary policy curve described in Problem 1. Assume now that the monetary policy curve is given by r = 2.5 + 0.75 a) Does the new monetary policy curve represent an autonomous...
-
As a strategic leader, what actions could you take to establish and emphasize ethical practices in your firm? Discuss.
-
Why are strategic controls and financial controls important aspects of the strategic management process? Discuss.
-
1. What makes a CEO's job so complex? Use the mini-case to provide examples that help support your answer. 2. Is it a good practice to rehire a former CEO who has retired? Please explain the...
-
What is the minimum quantity firms need to sell in order to start earning profit given insurance costs of $50,000, materials o per unit, and break even quantity is 1500?
-
Assume a 10% discount rate and compute the present value of Rs. 1100, Rs.900, Rs.1500 andRs.700 received at the end of 1-4 years In the above sum if the amounts are received at the beginning of the...
-
Recall that an FX rate XXXYYY = Bid/Offer gives the rate of YYY per XXX. You can buy XXX/sell YYY at the offer price and sell XXX/buy YYY at the bid price. EURUSD is trading at 1.4760/1.4763 USDJPY...
Study smarter with the SolutionInn App