BAY TURNS 25 25 years ago, Bay started out with a single promise to our customers...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
BAY TURNS 25 25 years ago, Bay started out with a single promise to our customers - quality. Un- wavering from that pledge, our buildings are a testament to the values of hard work, dedication, and entrepreneurial spirit - all qualities central to our legacy. Each Bay project is a landmark, charting the course of our momentous 25-year journey. Behind the scenes are numerous notable milestones, all of which are outcomes of leadership and innovativeness. Such achievement is only possible when a team is fully dedicated to the goal of attaining all-round excellence. Innovation has propelled Bay to progress and remain a leader. Focusing only on the high-end of the market challenged us to introduce novel ideas with each successive project - so much so that, over five dozen of such amenities and features found in today's high-end Dhaka apartments are undisputedly Bay's contribution, and many are now part of the National Building Code. As Dhaka's real estate market evolved, so did the customers' demands. The moment Bay began to offer a one-stop solution, with complete interior fit-out customizable to the family's specific needs, it was a hit - and the market followed suit. With the longstanding commitment to deliver durability and value, Bay also pioneered the advent of professional building maintenance and management. BAY PROJECTS Bay's Chayaneer, Baridhara Launch: May 2021 Completion: 2025 Total Apartments: 10 Snuggled in the heart of Baridhara, Chayaneer exudes a certain sophistication that sets it apart. Packed with all the features and amenities expected in a premium apartment and more, this can be your perfect retreat. Each floor is occupied by a single apartment, accessed from exclusive lobbies to ensure security and privacy. Every part of this 3,600 sqft apartment has been meticulously planned using the high- est quality materials, craftsmanship and interior design aesthetic. Bay's Lyra, Baridhara Launch: June 2021 Completion: 2025 Total Apartments: 14 Bay's Lyra stands testament to our unwavering commitment towards quality. Situ- ated amidst the tranquil neighbourhood of Baridhara, this seamless blend of style and functionality is set to become the perfect home. Each floor is occupied by a single apartment, accessed from exclusive lobbies to ensure security and privacy. 4,500 sqft of clean, contemporary designer interiors, customized to meet the needs and wishes of each occupant complement the large patio gardens to bring a touch of elegance and nature into every unit. Bay's Seleste, Gulshan Launch: July 2021 Completion: 2024 Total Apartments: 12 (equally distributed based on size) Seleste is another of Bay's projects situated in Gulshan. An amalgamation of contem- porary design, nature, grandeur, customizable layouts tempered with the finest fit- tings and craftsmanship. All the sought-after hallmarks of a Bay project are on full display. Being located in the heart of Gulshan is yet another plus. The ground floor welcomes you with double height, professionally landscaped spaces with a water fea- ture, and exclusive lift lobbies. Single apartment floors of 3,950 sqft and 4,150 sqft offer exclusivity and an exotic rooftop garden with an adjacent pool are just some of the amenities on offer. Questions 1. Conduct an online research and identify the fixed and variable costs related to construction. (2 marks) 2. Now consider the following data related to selling price in each project Bay's Chayaneer: Tk 25000/sqft Bay's Lyra: Tk 23000/sqft Bay's Selste: Tk 22000/ sqft For each of the projects determine the selling price by apartment type. (3 marks) 3. The variable cost of building depends on the apartment sqft based on the follow- ing range 2000-2800 sqft= Tk 15,000/ sqft 2801- 3900 sqft= Tk 18,000/sqft 3901- 5000 sqft-Tk 20000/ sqft Determine the break-even point for each project if the fixed costs are as follows Site Electricity: Tk 60000/ project Site Salary: Tk 95000/ project Site Machinery: Tk 105000/ project Site Common Costs: Tk 267000/ project. Lift Installation: Tk 568000/ project Gardening: Tk 273000/ project Pool installation: Tk 134000/ project (2*3=6 marks) 4. One of the customers at Chayaneer and Lyra, decide to customise their apart- ment. While customising, in both sites, he wants to install a food lift, some cabi- nets and central air-conditioning. Costs related to the customisation are given below Food lift: Tk 42000/ lift/site Cabinets: Tk 24000/ cabinet/ site (Each site will have 3 cabinets each) Central Air Conditioning: Tk 90000/site Justify whether the customization should be allowed based on profitability analy- sis and qualitative justifications. (5 marks) 5. At the end of March, based on overall business processes, the accounts depart- ment at BAY presented the following data to the senior Management. Summary: Particular Cash inflow, sales and rental Cash outflow for expenses Excess/(Shortage) Budget (m) 396 208 188 Actual (m) 239 235 4 Using the above data and considering the following prepare a variance report giving detailed, possible explanations for the causes in variances in each category. Consider the following Cash inflow from Sales and Rentals Cash outflow for Expenses (1.5*2 = 3 marks) 6. The project management cell (PMC) is responsible for allocating cost and moni- toring it over a project life cycle. How can the PMC department at Bay fulfil this process ensuring responsibility budgeting? (6 marks) BAY TURNS 25 25 years ago, Bay started out with a single promise to our customers - quality. Un- wavering from that pledge, our buildings are a testament to the values of hard work, dedication, and entrepreneurial spirit - all qualities central to our legacy. Each Bay project is a landmark, charting the course of our momentous 25-year journey. Behind the scenes are numerous notable milestones, all of which are outcomes of leadership and innovativeness. Such achievement is only possible when a team is fully dedicated to the goal of attaining all-round excellence. Innovation has propelled Bay to progress and remain a leader. Focusing only on the high-end of the market challenged us to introduce novel ideas with each successive project - so much so that, over five dozen of such amenities and features found in today's high-end Dhaka apartments are undisputedly Bay's contribution, and many are now part of the National Building Code. As Dhaka's real estate market evolved, so did the customers' demands. The moment Bay began to offer a one-stop solution, with complete interior fit-out customizable to the family's specific needs, it was a hit - and the market followed suit. With the longstanding commitment to deliver durability and value, Bay also pioneered the advent of professional building maintenance and management. BAY PROJECTS Bay's Chayaneer, Baridhara Launch: May 2021 Completion: 2025 Total Apartments: 10 Snuggled in the heart of Baridhara, Chayaneer exudes a certain sophistication that sets it apart. Packed with all the features and amenities expected in a premium apartment and more, this can be your perfect retreat. Each floor is occupied by a single apartment, accessed from exclusive lobbies to ensure security and privacy. Every part of this 3,600 sqft apartment has been meticulously planned using the high- est quality materials, craftsmanship and interior design aesthetic. Bay's Lyra, Baridhara Launch: June 2021 Completion: 2025 Total Apartments: 14 Bay's Lyra stands testament to our unwavering commitment towards quality. Situ- ated amidst the tranquil neighbourhood of Baridhara, this seamless blend of style and functionality is set to become the perfect home. Each floor is occupied by a single apartment, accessed from exclusive lobbies to ensure security and privacy. 4,500 sqft of clean, contemporary designer interiors, customized to meet the needs and wishes of each occupant complement the large patio gardens to bring a touch of elegance and nature into every unit. Bay's Seleste, Gulshan Launch: July 2021 Completion: 2024 Total Apartments: 12 (equally distributed based on size) Seleste is another of Bay's projects situated in Gulshan. An amalgamation of contem- porary design, nature, grandeur, customizable layouts tempered with the finest fit- tings and craftsmanship. All the sought-after hallmarks of a Bay project are on full display. Being located in the heart of Gulshan is yet another plus. The ground floor welcomes you with double height, professionally landscaped spaces with a water fea- ture, and exclusive lift lobbies. Single apartment floors of 3,950 sqft and 4,150 sqft offer exclusivity and an exotic rooftop garden with an adjacent pool are just some of the amenities on offer. Questions 1. Conduct an online research and identify the fixed and variable costs related to construction. (2 marks) 2. Now consider the following data related to selling price in each project Bay's Chayaneer: Tk 25000/sqft Bay's Lyra: Tk 23000/sqft Bay's Selste: Tk 22000/ sqft For each of the projects determine the selling price by apartment type. (3 marks) 3. The variable cost of building depends on the apartment sqft based on the follow- ing range 2000-2800 sqft= Tk 15,000/ sqft 2801- 3900 sqft= Tk 18,000/sqft 3901- 5000 sqft-Tk 20000/ sqft Determine the break-even point for each project if the fixed costs are as follows Site Electricity: Tk 60000/ project Site Salary: Tk 95000/ project Site Machinery: Tk 105000/ project Site Common Costs: Tk 267000/ project. Lift Installation: Tk 568000/ project Gardening: Tk 273000/ project Pool installation: Tk 134000/ project (2*3=6 marks) 4. One of the customers at Chayaneer and Lyra, decide to customise their apart- ment. While customising, in both sites, he wants to install a food lift, some cabi- nets and central air-conditioning. Costs related to the customisation are given below Food lift: Tk 42000/ lift/site Cabinets: Tk 24000/ cabinet/ site (Each site will have 3 cabinets each) Central Air Conditioning: Tk 90000/site Justify whether the customization should be allowed based on profitability analy- sis and qualitative justifications. (5 marks) 5. At the end of March, based on overall business processes, the accounts depart- ment at BAY presented the following data to the senior Management. Summary: Particular Cash inflow, sales and rental Cash outflow for expenses Excess/(Shortage) Budget (m) 396 208 188 Actual (m) 239 235 4 Using the above data and considering the following prepare a variance report giving detailed, possible explanations for the causes in variances in each category. Consider the following Cash inflow from Sales and Rentals Cash outflow for Expenses (1.5*2 = 3 marks) 6. The project management cell (PMC) is responsible for allocating cost and moni- toring it over a project life cycle. How can the PMC department at Bay fulfil this process ensuring responsibility budgeting? (6 marks)
Expert Answer:
Answer rating: 100% (QA)
1 VARIABLE COST FOR CONSTRUCTION A variable cost is corporate exp... View the full answer
Related Book For
Posted Date:
Students also viewed these general management questions
-
The optical disk project team has started gathering the information necessary to develop the project networkpredecessor activities and activity times in weeks. The results of their meeting are found...
-
The entrepreneurial spirit has become increasingly welcome in corporations of all sizes. What do you think you could do to develop your entrepreneurial spirit?
-
A co-pilot is charting her course on a map with a scale of 1.00 cm = 20.0 km. If the plane is charted to head 13.0 cm west, 9.00 cm north, and 2.00 cm east, what is the actual displacement of the...
-
To Premium From Actuarial Rating Advertising Sales Actuarial Premium 1e% 25% 15 60 The direct operating costs of the departments (including both variable and fixed costs) are Actuarial Premium rating...
-
What types of issues can be addressed with open-ended questions and what type of issues can be addressed with fixed-alternative questions?
-
Topeka Plastics Inc. prepared the following factory overhead cost budget for the Trim Department for July, during which it expected to use 25,000 hours for production: Variable overhead cost:...
-
A crossflow extraction system is being used to extract furfural from water into methyl-isobutyl ketone (MIBK) at \(25^{\circ} \mathrm{C}\). The \(9000 \mathrm{~kg} / \mathrm{h}\) of aqueous feed...
-
A consumer purchases a computer for $800 from a retailer. If the retailers markup is 30 percent and the wholesalers markup is 10 percent, both based on their respective selling prices, at what price...
-
The Australian Government has developed a survey to enable it to gauge the views of the Australian public regarding "Climate Change". The survey consists of a sample of 400 Australian Citizens and...
-
10.11. The temperature history of the heating and cooling of a 40,000-1 tank during sterilization of medium is: 0 to 15 min, T= 85C; 15 to 40 min, T= 121C; 40 to 50 min, T= 85C; 50 to 60 min, T =...
-
A pottery company wishes to establish a quality standard for its production. The following chart records data collected by the quality control department. Day 1 Day 2 Day 3 Day 4 Day 5 # of...
-
Two alloys, X and Y, are made from four metals, A, B, C and D according to the following specifications: Alloy Selling Price (S) Specifications At least 450 tons of A At most 160 tons of B At least...
-
A product costs $14. When the price increases by $2, the quantity demanded decreases by 15 units. The price elasticity of demand is unitary when the price increases from $14 to $16. What is the...
-
Assume that the hypothetical economy of Econoland has 8 workers in year 1, each working 1,200 hours per year (40 weeks at 30 hours per week). The total input of labor is 9,600 hours. Productivity...
-
A road is which of the four kinds of goods? The answer depends on whether the road is congested or not, and whether it's a toll road or not. Consider all four cases possible. Use the underlined...
-
1. In a simple monetary model of the exchange rate, liquidity preference is a constant, L=5 for both the US and Australia. In the US, the price level is 4. In Australia, the nominal supply of money...
-
Based on the following contingency table, answer the questions below: VISMIN Visible minority status of the respondent TOTMC Number of victimizations - Excludes (ex-)spousal (ex-) partner 0 Not...
-
Periwinkle Company is a multinational organization. Its Parts Division is located in Lavender Land, while its Assembly Division is located in North Orchid. During the current year Periwinkle Companys...
-
The television game show The Price Is Right has a game called the Shell Game. The game has four shells, and one of these four shells has a ball under it. The contestant chooses one shell. If this...
-
A company that has many department stores in the southern states wanted to find at two such stores the percentage of sales for which at least one of the items was returned. A sample of 800 sales...
-
The Bath Heritage Days, which take place in Bath, Maine, have been popular for, among other things, an eating contest. In 2009, the contest switched from blueberry pie to a Whoopie Pie, which...
-
The amounts of time (in months) that 16 stars of The Bachelorette and their chosen partner stayed together as of April 2021 are listed. 208 12 3 12 18 94 3 75 8 36 75 20 24 045
-
The six top-earning states in 2019 by median household income are listed. 1. Maryland 2. New Jersey 3. Hawaii 4. Massachusetts 5. Connecticut 6. Alaska
-
The ages of the Supreme Court justices as of April 7, 2021 In Exercises 25 and 26, find the range, mean, variance, and standard deviation of the population data set. 66 56 72 49 82 71 66 60 53
Study smarter with the SolutionInn App