RBF, an emerging singer, is getting ready to cut his first album. The cost of recording the CD is Php 500,000 but copies are Php 500 apiece. If the album can be sold for Php1,500 each, (a) how many CDs must be sold to break even? (b)What is the breakeven point in dollars? RBF is confident that demand for his album will substantially exceed the break-even point computed above. So, Mikey is contemplating having his album at a classier (and pricier) studio. The cost to record the CD would rise to Php 90,000. However, since this new studio works with very high volume, production costs would fall to Php 200 per CD. (c) What is the breakeven point for this new process? (d) Compare this process to the process proposed in the pre
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
1. RBF, an emerging singer, is getting ready to cut his first album. The cost of recording
the CD is Php 500,000 but copies are Php 500 apiece. If the album can be sold for
Php1,500 each, (a) how many CDs must be sold to break even? (b)What is the
breakeven point in dollars?
RBF is confident that demand for his album will substantially exceed the break-even
point computed above. So, Mikey is contemplating having his album at a classier (and
pricier) studio. The cost to record the CD would rise to Php 90,000. However, since this
new studio works with very high volume, production costs would fall to Php 200 per CD.
(c) What is the breakeven point for this new process?
(d) Compare this process to the process proposed in the pre
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