Exercises 5-11 through 5-18: Summit Manufacturing‚ Inc. produces snow shovels. The selling price per snow shovel is $30. There is no beginning inventory. Costs involved in production are: Direct material $5 Direct labor $4 Variable manufacturing overhead $3 Total variable manufacturing costs per unit $12 Fixed manufacturing overhead cost per year $180‚000 In addition‚ the company has fixed selling and administrative costs of $160‚000 per year. Exercise 5-11. During the year‚ Summit produces
Premium Variable cost Revenue Inventory
Business Environment Business environment consists of all the internal and external forces that influence the operating situation of a company. Business environment has a dynamic and complex nature and it impacts greatly the survival and growth of a company. External factor consists of political factors Political factors (Taxation Policy‚ Unemployment Policy etc.)‚ Economical factors (Inflation rate‚ Recession or Boom etc.)‚ Socio-cultural (language‚ values‚ religion‚ beliefs etc. )‚ Technological
Premium Inflation Economics Planned economy
Business Environment of Tesco Group The Macro-Environment consists of factors that may influence an organization externally. This is usually outside of the control of corporations. Examples of factors that may influence a business are changes in interest rates‚ changes in cultural trends and tastes‚ more competitors in surrounding areas as well as greater regulations or changes to government laws. (Pagano‚ Margareta‚ 16 May 1987). A popular method used to analyze the macro-environment is through
Premium Retailing Online shopping Tesco
upon the customer‚ emphasizes the variables which the marketing manager can control. But the actual situation is more‚ complex. Since marketing does not exist in a vacuum‚ certain external factors must be considered. These factors limit the marketing manager and he must work with or around them. They can be placed in the following categories: 1. Cultural and social environment‚ 2. Political and legal environment‚ 3. Economic environment‚ 4. Existing business structure
Premium Economics Marketing
Quiz – Chapter 17 – Solution 1. Rider Company sells a single product. The product has a selling price of $40 per unit and variable expenses of $15 per unit. The company’s fixed expenses total $30‚000 per year. The company’s break-even point in terms of total dollar sales is: A) $100‚000. B) $80‚000. C) $60‚000. D) $48‚000. The answer is d. CMR = (P-V)/P = ($40 - $15)/$40 = 62.5% Px = F/ (CMR) Px = $30‚000/.625 = $48‚000 Use the following to answer questions 2-3: Weiss Corporation produces two models
Premium Costs Variable cost Cost
materials for each child to manipulate‚ explore‚ snuggle‚ play with‚ and share. The room is especially designed to encourage each child’s natural curiosity and desire to learn about his or her world. The organization of preschool classrooms sends important signals to children about what there is to do and how to do it. I think that the whole time children in preschool‚ it’s a brand new experience and they are always exploring and learning new things and I want them to be able to do that in my classroom
Premium Learning Space Environment
LABORATORY ANALYTICAL TECHNIQUES SERIES LATS/9/2008-2009 (Revised & Updated Version) GUIDELINES FOR RECOGNITION OF ENVIRONMENTAL LABORATORIES UNDER THE ENVIRONMENT (PROTECTION) ACT‚ 1986 CENTRAL POLLUTION CONTROL BOARD (MINISTRY OF ENVIRONMENT & FORESTS) `Parivesh Bhawan’‚ East Arjun Nagar Delhi -110 032 E-mail: cpcb@alpha.nic.in; Website: www.cpcb.nic.in MoEF Website: www.envfor.nic.in June‚ 2008 CONTENTS Page No. 1.0 INTRODUCTION 1.1 1.2 Environmental Laboratory Legal Provisions
Premium Sample size Laboratory equipment Pollution
2.0 THE PROJECT ENVIRONMENT 2.1 The Projects: Projects are products of ideas initiated to fulfill a need or exploit an opportunity. The Project Environment also known as Project World are the external factors influencing projects. The single most important influence on any project is whether or not it is being carried out by Public Sector usually undertaken by government to provide public service or Private Sector usually undertaken by individual companies or consortia to
Premium Project management
Introduction Business environment is an element that will affect all the activities of an organization. Besides‚ it will bring firms both opportunities and threats because of its uncertainties. Business environment is uncertain‚ complex & dynamics; organization should apply more flexibility & discontinuity ways to manage them. A firm cannot control the environment because it is unpredictable in its direction and speed of change‚ such as interest rates‚ rate of inflation and exchange rate. Business
Premium Strategic management Competition SWOT analysis
Psychological Workplace Environment Final Report 2012 Abdullah Naeem 01-111102-008 Table of Contents Acknowledgements 3 Executive Summary 4 Introduction to Psychology 5 Introduction to Psychological workplace Environment 6 Introduction to Organization
Free Psychology