© Kamla-Raj 2010 J Soc Sci‚ 23(2): 135-142 (2010) Inventory Management: A Tool of Optimizing Resources in a Manufacturing Industry A Case Study of Coca-Cola Bottling Company‚ Ilorin Plant S. L. Adeyemi* and A. O. Salami** *Department of Business Administration‚ University of Ilorin‚ P.M.B 1515‚ Ilorin‚ Kwara State‚ Nigeria **Department of Management Science‚ Ladoke Akintola University of Technology‚ Ogbomoso‚ P.O.BOX 4000‚ Oyo State‚ Nigeria KEYWORDS Optimization. Resources. Efficiency. Economic
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Chapters 9 & 10 Standard Costing‚ Variance Analysis and Flexible Budgets This is a copyright presentation of Darlene B. Serrato and is presented exclusively for the use and benefit of students enrolled in Accounting 2303. Any other use is prohibited. All rights reserved. This presentation may not be copied‚ reproduced or transferred in or by any media without the express written permission of the author. STANDARD – is the budgeted cost for one unit of product. The beginning point
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Leather Jackets. The company delivers successful financial records at the end of the 2012 fiscal year with the net income of $ 417‚100‚ which is $170‚850 greater than the net income budgeted for the 2012 fiscal year despite that the company operations goes through some turmoil. A more detail variance shows that the external factor largely responsible for the growth of leather markets that rapidly increase than anticipated making NLJ to catch with the increase in market demand. Variance Analysis Contribution
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overhead rate. True False 5. Companies promoting continuous improvement strive to achieve practical standards rather than ideal standards. True False 6. While companies strive to achieve ideal standards‚ reality implies that some loss of materials usually occurs with any process. True False 7. A cost variance is the difference between actual cost and standard cost. True False 8. A budget performance report that includes variances can have variances caused by both price differences
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courage and confidence to speak in front of groups. And reading allows you the opportunity to write and empower others. As Dr. Suess said‚ “the more that you read‚ the more things you will know. The more that you learn‚ the more places you’ll go.” Pi Beta Phi’s Read > Lead > Achieve literacy program helps over a million students‚ young and old‚ learn to read every year. Not only are students learning to read but the Pi Phi’s are learning to give back. The volunteerism and service Phi’s lend to the Read
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Variances Variances can be either: * Positive/favourable (better than expected) or * Adverse/unfavourable ( worse than expected) A favourable variance might mean that: * Costs were lower than expected in the budget‚ or * Revenue/profits were higher than expected By contrast‚ an adverse variance might arise because: * Costs were higher than expected * Revenue/profits were lower than expected What causes budget variance? There are four key reasons and it is important that
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Rivermore College This is a mean-variance optimization case. Software needs: Spreadsheet optimizer (Excel Solver) or use a commercial package. Concepts: performance evaluation with historical data‚ forecasting asset returns‚ portfolio choice with input uncertainty. Computer skills: development and/or use of a mean-variance optimizer Case Roberta Tyler consultants to several university investment offices around the country. She specializes in asset allocation studies. She has accumulated
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Fatty acids (FAs) can ultimately be degraded through different pathways which include alpha‚ beta‚ and omega-oxidation. Alpha-oxidation occurs at carbon 2 of the chain‚ b-oxidation at C3‚ and omega-oxidation at methyl end of the fatty acid. The location of each mechanism also differs as alpha- oxidation occurs in peroxisomes only‚ beta-oxidation can take place in both peroxisomes and mitochondria. Omega-oxidation occurs in the endoplasmic reticulum of the various tissues. The importance of the differentiation
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Case Study: Contribution Margin and Variance Analysis By: Sachin Malhotra Student ID:xxxxxxxxx Presented To: Prof. G. Dunning Course: 04-70-256 Section 2 Date: November 28‚ 2008 Explanation of Profit Decline The decline in profits was due to a combination of various market‚ as well as‚ production factors. Firstly‚ the decreased market share was a major cause of the decline in the profits. This was quite surprising for a company that is operating in a growing market. The total market for
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Wannabees and also Odd Girl Out‚ discusses two of these divisions. She labels the first group the "alpha" group; these are the girls that are considered "popular‚" who wear the trendy clothes‚ and are beautiful and wealthy. The second group she calls "beta‚" and these are the girls who are "outside the box" - they long to be invited to the parties‚ and try everything to fit in. Susannah Meadows‚ author of the June 3‚ 2002 cover story of Newsweek entitled‚ "Meet the Gamma Girls‚" breaks open a third group
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