he following costs were incurred in July: Direct materials- 30% of total manufacturing cost Direct labor- 15,000 Manufacturing overhead- 90,000 Selling expenses- 14,000 Administrative expenses- 30,000 Prime costs during the month totaled?
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Strategic cost management
The following costs were incurred in July:
Direct materials- 30% of total
Direct labor- 15,000
Manufacturing overhead- 90,000
Selling expenses- 14,000
Administrative expenses- 30,000
Prime costs during the month totaled?
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- It was another bright sunny Monday morning and as usual we had to meet to decide on our strategy for the week. After waiting for close to 30 minutes, Chairman Michael arrived in the Boardroom and apologized even before announcing his “goodie goo-goo morning” greeting. We all responded cheerfully as we were eager to have him lead the meeting. This time round, it was not the normal business. Usually he would ask about our targets for the week and strategies for achieving them, as well as assessment of the potential risks and benefits. He informed us that the company’s Board expects new work design by considering the COVID- 19 safety protocols so that inasmuch as we strive to keep safe, we do not lose focus of our company’s vision. Ghana recorded its first cases of COVID-19 in March 2020 and since then the business of government, corporate entities and other smaller businesses have been impacted significantly. Although there was a lockdown at a point and restriction of movement, some of…It was another bright sunny Monday morning and as usual we had to meet to decide on our strategy for the week. After waiting for close to 30 minutes, Chairman Michael arrived in the Boardroom and apologized even before announcing his “goodie goo-goo morning” greeting. We all responded cheerfully as we were eager to have him lead the meeting. This time round, it was not the normal business. Usually he would ask about our targets for the week and strategies for achieving them, as well as assessment of the potential risks and benefits. He informed us that the company’s Board expects new work design by considering the COVID- 19 safety protocols so that inasmuch as we strive to keep safe, we do not lose focus of our company’s vision. Ghana recorded its first cases of COVID-19 in March 2020 and since then the business of government, corporate entities and other smaller businesses have been impacted significantly. Although there was a lockdown at a point and restriction of movement, some…Case Scenario It was another bright sunny Monday morning and as usual we had to meet to decide on our strategy for the week. After waiting for close to 30 minutes, Chairman Michael arrived in the Boardroom and apologized even before announcing his “goodie goo-goo morning” greeting. We all responded cheerfully as we were eager to have him lead the meeting. This time round, it was not the normal business. Usually, he would ask about our targets for the week and strategies for achieving them, as well as assessment of the potential risks and benefits. He informed us that the company’s Board expects new work design by considering the COVID-19 safety protocols so that inasmuch as we strive to keep safe, we do not lose focus of our company’s vision. Ghana recorded its first cases of COVID-19 in March 2020 and since then the business of government, corporate entities and other smaller businesses have been impacted significantly. Although there was a lockdown at a point and restriction of…
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- Case ScenarioIt was another bright sunny Monday morning and as usual we had to meet to decide on our strategy for the week. After waiting for close to 30 minutes, Chairman Michael arrived in the Boardroom and apologized even before announcing his “goodie goo-goo morning” greeting. We all responded cheerfully as we were eager to have him lead the meeting. This time round, it was not the normal business. Usually, he would ask about our targets for the week and strategies for achieving them, as well as assessment of the potential risks and benefits. He informed us that the company’s Board expects new work design by considering the COVID-19 safety protocols so that inasmuch as we strive to keep safe, we do not lose focus of our company’s vision. Ghana recorded its first cases of COVID-19 in March 2020 and since then the business of government, corporate entities and other smaller businesses have been impacted significantly. Although there was a lockdown at a point and restriction of…In your own words, define organizational strategy. Explain the relationship between a business’s organizational strategy and its projects. Based on your budding understanding of project management, predict which elements of project management are most influenced by the business’s organizational strategy? Provide specific examples.Overview In this assignment, you will learn about effective business pitches by analyzing the business and economic aspects of the business pitches that are delivered in an episode of Shark Tank. Instructions Watch an episode of Shark TankLinks to an external site.. (43 min.) Analyze the business and economic aspects of the business pitches that are delivered in the episode by answering each question for 3 businesses presented on Shark Tank: What was the name of the business? What was good or bad about the pitch? Do you feel this company will succeed? Why or why not? How could they enhance their pitch and business? Do you feel their presentation (dress, visuals, logo, packaging, personality) affected the pitch? Why? How can presentation and business plan affect successful investors (Sharks)? What does the product or service sell for? What is the cost to make it? What is the profit margin? Did this pitch get an investor (Shark), and who did they partner with? What are they planning…
- Using a SWOT analysis, Restaurant Great Food has identified an opportunity to create a newrange of duck dishes aside from their current offerings. However, the same SWOT analysisalso showed that they lack the technical skills to deliver these dishes.Discuss TWO (2) possible ways that Restaurant Great Food could overcome the weakness inpart above.Explain how earned value management (EVM) may control costs and monitor project success and hypothesise why it is not utilised more commonly. What are some guidelines for evaluating cost variation, schedule variance, cost performance index, and schedule performance index numbers?defines two distinct forms of management; how may an understanding of these change the value proposition for the project's end users?