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- Central State College (CSC) is a state-supported college with a large business school. The business school offers an undergraduate degree and training programs for a local manufacturer. The state does not support the training programs, which are paid for by the manufacturer under a fixed-price contract. The college president has asked the dean of the business school for a breakdown of costs by program. The president will be meeting with state legislators asking for an increase in support for the college's programs. The dean has assigned you to lead the team that will develop the costs by program. The business school's computer lab is a major cost item. The lab is used during the day for the undergraduate program and in the evening for the training program. Required a. How will you recommend that the cost of the computer lab be allocated to the two programs? Be explicit in your description of the allocation base. b. The dean tells you that the training program should not be allocated…Philibert Enterprises Inc is a manufacturing and distribution company that is engaged in supplying exotic Caribbean Food products of high quality for the European and North American markets. The Product Quality and consistency of supplies of the product are two critical success factors. Philibert Enterprises Inc. has been using its website as its principal point of contact for its customers, It recently won a major contract to supply the Marks& Spencer chain in the UK, where persons of Caribbean origin are a significant group in the population. This is in addition to the growing popularity of Caribbean Cuisine internationally. High productivity levels are necessary to meet the product quality and delivery time requirements. The Marketing Manager is expected to work closely with the Human Resource Manager to develop a reward system that will enable greater reliability with respect to response time and assure quality and compliance with HACCAP equirements. tline the factors that…Kader Bouhout is the owner of Eankabut-Waraq, a manufacturer of luxury toilet paper in the United Arab Emirates. Eankabut-Waraq produces gold-colored toilet paper, made from the silk of the Nephila spider, where the coloring comes from. In addition to the high product quality demanded by the company's customers, doing business in the country requires the Emirates Quality Mark (EQM) certification from the UAE Emirates Conformity Assessment Scheme (ECAS). Eankabut-Waraq's outlets are located in the commercial heart of Abu-Dhabi, with a window facing the main street, providing high visibility of their products. What's more, these toilet papers offer benefits other than their exquisite appearance - the spider silk is constructed with an innovative process, discovered by Kader himself, which allows the product to have superior absorbency and tear resistance. -peer. Finally, Eankabut-Waraq has partnerships with a large number of entomological conservation organizations as well as major…
- The market driven cost that is computed before a product is produced is known as: a. Target cost b. Budgeted cost c. Life cycle cost d. Standard costIf the graph below depicts the operations of the average firm in a perfectly competitive industry, which of the following is most likely to occur? P ATC MC D new firms will enter the market increasing price and profits new firms will enter the market decreasing price and profits existing firms will exit the market increasing price and profits existing firms will exit the market decreasing price and profits none of the aboveHow do rapid changes in market demand impact the budgeting and cost estimation of software products?
- The cost of a manufactured product generally consists of which of the following costs? Direct materials cost and direct labor cost only Direct labor cost, direct materials cost, and factory overhead cost Direct materials cost and factory overhead cost only Direct labor cost and factory overhead cost only Any costs we can possibly think of and bury in someone else’s budgetJasmine owns 12 apartment buildings in a college town, which it rents exclusively to students. Each apartment building contains 120 rental units, but the owner is having cash flow problems due to an average vacancy rate of nearly 50 percent. The apartments in each building have comparable floor plans, but some buildings are closer to campus than others. Jasmine’s accumulated data from last year on the number of apartments rented, the rental price (in dollars), and the amount spent on advertising (in hundreds of dollars) at each of the 12 apartments are available below. These data, along with the distance (in miles) from each apartment building to campus, are presented below. Jasmine is looking for expert advice on the available data to inform administrative and business policy. By applying this scenario, help her regress the quantity demanded of her apartments on price, advertising, and distance datasets by using Excel or SPSS. Observation or (Number of Apartments) Quantity…International Data Systems' information on revenue and costs is relevant only up to a sales volume of 120,000 units. After 120,000 units, the market becomes saturated and the price per unit falls from $8.00 to $5.80. Also, there are cost overruns at a production volume of over 120,000 units, and variable cost per unit goes up from $4.00 to $4.50. Fixed costs remain the same at $70,000. a. Compute operating income at 120,000 units. b. Compute operating income at 220,000 units.