Many firms rely on the internet extensively. Explain how firms using cost leadership and firms usingdifferentiation might use the internet
Q: Title: How Activity Based Costing system helps the industry to improve performance Note: 1.1.…
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A: a is correct. As the first statement is true and second is false.
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Q: What does the concept of value engineering mean? How is it used in target costing?
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Q: Can you think of other attributes that might be associated with SUPPLY SCHEDULE?
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Q: Title: How Activity Based Costing system helps the industry to improve performance 1.3 Advantages…
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Many firms rely on the internet extensively. Explain how firms using cost leadership and firms using
differentiation might use the internet
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- Provide an example of how cost tracking might be similar used in a manufaction companyMaterial cost play a crucial role in determining the overall cost structure of an organization. EFFECTIVE MANAGEMENT of Material cost involved a combination of strategic sourcing rusk management supplier relationships and continuous monitoring of markets trends you are a purchasing manager of e thekwenini municipality Question1 Examine the several necessary processes in the purchasing process that will assist in cost reduction at the municipality and give practical examplesIn 175 words describe and explain the significance of resource pricing. Answer correctly please. I ll rate
- A sourcing strategy is essentially a business case for an organisation to determine an optimal approach to procure resources. AusMed which manufactures medical ventilators, wants to procure a heating tube which is a critical component of humidification equipment. In comparison to the value of the ventilator, the heating tube cost less. Moreover, there are very few suppliers in the world that can supply the heating tubes. Outline the steps involved in the sourcing the heating tube? Discuss what sourcing strategy that AusMed needs to adopt while procuring heating tube?University of science and technology needs to purchase 10 computers for the lab, to be used by students. You as a procurement officer, discuss at least three procurement methods that you can use in this scenario?Hi there can you please assist on the following questions below You have been recently appointed as a Purchasing Manager at Unilever. The director hasmentioned that the organisation has recently been experiencing uncertainty in demand and thereis currently no available capacity. As such, he is unsure whether he should make or buy the newrange of cleaning detergents.The Director has requested you as a purchasing manager to do thorough research, and in a report, reflect on the following Discuss at least two circumstances favouring buying (outsourcing) and at least twocircumstances favouring making (insourcing). • Based on your discussion of the circumstances favouring outsourcing and insourcing as wellas the restrictions outlined by the Director, identify whether the cleaning detergents shouldbe outsourced or insourced. Justify your answer by discussing at least two key points.• Identify any two potential drawbacks that Unilever could face given their choice of sourcingmethods.
- One of your Taiwanese suppliers has bid on a new line of molded plastic parts that is currently being assembled at your plant. The supplier has bid $0.10 per part, given a forecast you provided of 400,000 parts in one year1. 500,000 in year 2; 700,000 in year 3. shipping and handling of parts from the supplier’s factory is estimated at $0.01 per unit. Additional inventory handling charges should amount to $0.006 per unit. Finally, administrative costs are estimated at $30 per month. Although your plant can continue producing the part, the plant would need to invest in another molding machine, which would cost $20,000. Direct materials can be purchased for $0.06 per unit. Direct labor is estimated at $0.05 per unit plus a 50% surcharge for benefits and, indirect labor is estimated at $0.008 per unit plus 50% benefit. Up-front engineering and design costs will amount to $40,000. Finally, management has insisted that overhead be allocated if the parts are made in-house at a rate of 100%…2/Identify the costing method where the indirect costs are allocated and apportioned on the basis of direct labour hour or production machine hour rate? a. Life cycle costing b. Target costing c. Traditional method d. Activity based costing13/Which cost compels the managers to examine the long- term financial implications of the strategic decisions they are making in an organization? a. Life cycle cost b. All of these c. Activity based costing d. Targeting costing
- You have recently been appointed as the Production Manager at the Harcourt Ltd. The General manager and the Management team have an archaic view of the concept of ‘contribution’ in themarginal cost statement. In your next Department Heads Meeting, you want to continue your awareness-building efforts. In your presentation, you should: Briefly explain the importance of the concept of contribution.For what types of firms is life-cycle costing most appropriateOutsourcing is referred to as the process of transferring a business activity, including the relevant assets,to a third party. Outsourcing of manufacturing activities is always debatable. As the purchasing manageranalyse the concept of outsourcing and advice on the most suitable option for Dysons in terms ofoutsourcing of their manufacturing. (Using the attached)