Managers in Engineering

Topics: Costs, Management accounting, Variable cost Pages: 6 (1357 words) Published: December 5, 2010
MENG 3000
Engineering Management
Semester 1 2009/2010

Lecture 1 : Introduction to Engineering Management 09/09/09
1. Explain how’s Bloom’s Taxonomy can be used justify the perception that engineers are paid more than technicians. 2. What manager types and roles are best suited to middle managers? 3. Explain how engineers can be effective in the general management of a technically oriented organization. 4. What is the importance of forecasting in supply chain design, planning and operation?

Lecture 2: Developing a Business Model 16/09/09
1. What information is required in the building of an effective business model? 2. What is the relevance of identifying where on the Supply Chain the new venture lies? 3. What is the purpose of the Business Model, and why do business models typically fail?

Lecture 3 : The Business Plan 23/09/09
1. Explain why it is essential for every entrepreneur to develop a business plan, as well as the benefit of developing a plan.

Lecture 4 : Strategic Management and Strategic Competitiveness 30/09/09 1. Describe the industrial organization (I/O) model of above-average returns. What are its main assumptions? What is the key to success according to the I/O model? 2. Describe an organization's various stakeholders and their different interests. Under what condition can the firm most easily satisfy all stakeholders? If the firm cannot satisfy all stakeholders, which ones must it satisfy in order to survive? 3. Who are the firm’s strategic leaders? How do strategic leaders predict the profit outcomes of 4. different strategic decisions?

4. Several companies use their brand as a competitive advantage. Ask the class, given their knowledge about the global economy, which brands they believe have the strongest likelihood of remaining a source of advantage in the 21st century? Why? What effects do they believe the Internet’s capabilities will have on this brand, and what should the owner of the brand do in light of them? 5.

Lecture 5 : Presentation of Business Concepts and Models 07/10/09

Lecture 6 : Planning and Decision Making 14/10/09
1. Develop your own model of the steps in the planning process. 2. How is planning changing in today’s organizations? Do you think planning becomes more important or less important in a world where everything is changing fast and crises have become a regular part of organizational life ? Why?

Lecture 7 : Activity Based Costing 21/10/09
Jackson Enterprises manufactures two products—A basic gizmo and an advanced model gizmo. The company is using an activity-based costing system. They have identified three activities for allocation of indirect costs.

ActivityCost DriverCost-Allocation Rate
Materials receiving Number of parts $2.00 per part
Production setupNumber of setups$500.00 per setup
Quality inspectionInspection time$90 per hour

A production run for the basic model is 250 units, for the advanced model, 100 units.

Each unit of product consumes the following activities: Number of PartsNumber of SetupsInspection Time
Basic Gizmo1050 10 minutes
Advanced Gizmo1525 20 minutes

Direct costs for the two products are as follows:
Direct MaterialsDirect Labor
Basic Gizmo$50.00$ 75.00
Advanced Gizmo$95.00$125.00

1. The amount of overhead allocated to one unit of the basic model would be a. $592.
b. $37.
c. $162.
d. $65.

2. The total cost of an advanced model would be
a. $162.
b. $65.
c. $200.
d. $265.

Lecture 8 : Financial Planning 28/10/09

1. Tanner Co. management desires cost information regarding their Rawhide brand. The Rawhide brand is a(n) a. cost object.
b. cost driver.
c. cost assignment.
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