THE CLASSIC PEN COMPANY Activity Based Costing case study Topics • About The Classic Pen Company • Issues • ABC introduction at TCPC • Managerial implications • Recommendations School of Business and Economics - Opleiding tot Registercontroller (EMFC) About • Classic Pen Company is a low cost provider of traditional BLUE and BLACK pens • High profit margins (over 20% of sales) • Cost allocated on basis of traditional cost price method • Introduction of new colors (RED and PURPLE
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Principles of Managerial Accounting 70-255-04 Classic Pen Company: Developing an ABC Model Submitted to: Peter Roth Submitted by: Jessica Bodnar 104042988 October 21st‚ 2014 Classic Pen Company are a low-cost producer of traditional blue and black pens. By adding red and purple pens they could add a 3% and 10% premium‚ respectively. Making the red and purple inks were more complicated but seemed more profitable‚ however their overall profit margins were going down
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Mardari Tatiana Romanian-English‚ II group‚ third year A secret for two by Quentin Reynolds Text Analysis The text is included in belle-letters as it doesn’t follow a rigid structure‚ terminological lexemes or other norms imposed by functional styles. It belongs to emotive prose as the author uses the language of fiction and directs his work to the achievement of aesthetic and cognitive function. So‚ the narrative code is present here and the work itself is a short story: •Short - Can usually be
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The planning for the future structure of postwar Tokyo was the core of Japanese economic and political power which began in 1956 after the establishment of the National Capital Region Development Law. A committee was set up to study a strategy to control development of the whole Kanto Region up to a radius of 100 km. The committee prepared the National Capital Region Development Plan‚ which was approved in 1958. The goal of the plan was to prevent the urban territory of the capital and any further
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Ricardo Carter Jan 16‚ 2013 SCM 371 BIC Pen: Case Study This value chain analysis of the BIC Corporation is occurring to provide individual with the knowledge of the thought process that businessman/businesswomen in the supply chain field use every day when deciding what company to purchase a certain product from. This process includes the breaking down of the company’s financial report and whether the product is eco-friendly. Financial report of any company usually includes material cost‚ manufacturing
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The Classic Pen Company A Case Analysis The Classic Pen Company – A Case for Activity Based Costing Introduction: • Low-cost producer of traditional Blue and Black ink pens • Profit margins of over 20% of sales • 5 years earlier- introduced Red Pens using same technology at 3% premium • Recently‚ introduced Purple Pens using same technology at 10% premium. Classic Pen Company – Issues facing the Management ISSUE 1 - Profitability While Red & Purple pens seem to be more profitable‚ overall
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Reverse Engineering of a Pen – Assignment Requirements 1) Plastic Container: the plastic container is the framework for the pen. a) Has to be plastic so it is cost efficient and can be easily manufactured. With these two properties it can be mass-produced in order to profit. b) Must be cylinder shaped in order for the ballpoint ink cylinder to fit into the plastic cylinder. c) The plastic cylinder must be in two parts. The two parts are a bottom and a top. The top cylinder’s wedges on the
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January 3‚ 2013 [RURAL FIELD REPORT] Report On Field Study & Experiential learning by visiting various Rural Areas Date – 03/JAN/2013 Submitted To: Professor Vikram Parekh Submitted By: Ashwin Govindankutty Faisal Shaikh Reagan Chettiar Shivanand Kotian Suraj Tamhane Vineeth Damodaran 05 42 11 20 48 52 Page 1 January 3‚ 2013 [RURAL FIELD REPORT] ACKNOWLEDGEMENT We are grateful to Professor Vikram Parekh‚ Faculty of subject Marketing Applications and Practices‚ for giving
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Introduction Parker Pen History George Safford Parker‚ the founder‚ had previously been a sales agent for the John Holland Gold Pen Company. He received his first fountain pen related patent in 1889. In 1894 Parker received a patent on his "Lucky Curve" feed‚ which was claimed to draw excess ink back into the pen body when the pen was not in use. The Lucky Curve feed was used in various forms until 1928. a Parker Frontier Ball-point Pen From the 1920s to the 1960s‚ before the
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Currently Clique pens is stuck in a situation where they are competing with other pen brands including BIC‚ Scripto‚ Pentel‚ Pilot‚ Papermate‚ and Sharpie. The fight for shelf space is among some of the biggest retailers worldwide such as Wal-Mart‚ Target‚ CVS‚ and Kroger. Because of the immense power retailers hold in this market‚ companies like Clique need to make sure they are allocating their funds in ways that deem appropriate to stay on the shelves. Pens are a high profit and high-turnover
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