options that would be good for Futronic‚ Inc. in reducing cost for the business. We will look at outside sourcing for some of the in-house services. We will discuss keeping the business in house and look to outsource some of the units. The benefits of outsourcing will not only save our business money‚ it can help us grow and hire more local employees with the money we save. What are the main reasons people outsource? * Lower worker costs * Ability to concentrate on core functions * More
Premium Economics Management Marketing
Costs associated with two alternatives‚ code-named Q and R‚ being considered by Lang Corporation are listed below: | | Alternative Q | Alternative R | Supplies costs | $ 64‚500 | $ 64‚500 | Power costs | $ 36‚500 | $ 21‚500 | Inspection costs | $ 11‚400 | $ 26‚300 | Assembly costs | $ 38‚600 | $ 28‚000 | | Required: | a. | Which costs are relevant and which are not relevant in the choice between these two alternatives? |
Premium Net present value Variable cost Investment
RISING HEALTHCARE COSTS AND MEDICARE James Richardson Professor Lewis Health Policy Over the past 30 years‚ the American healthcare system has been plagued by the continuous rise of healthcare costs. These costs include but are not limited to insurance premiums‚ co-payments as well as prescription drugs. One of the significant reasons for the increase in healthcare costs is that nowadays people are living longer lives than they did in the past and the prevalence rates of contracting chronic
Premium Health care Medicare Health economics
Minimizing the Inventory Cost in the Production Management: Just in Time (JIT) Manufacturing System is a Mile Stone Shirajul Islam M. Phil Researcher‚ Jahangirnagar University‚ Savar‚ Dhaka Abstract This article explains how a firm manages her inventory to gain minimum production cost and earn business success by using JIT (Just in Time) Manufacturing System. It provides a mathematical framework to understand the performance of a farm‚ and argues that inventory cost minimization method is an
Premium Inventory Manufacturing
industry provides a unique opportunity to explore the development of the internal reporting structure. While the use of internal cost and profitabiHty reports is widespread in merchandising‚ manufacturing‚ and other service industries‚ banks have historically focused only on overall profitability. The reason is simple. In the past‚ interest rates‚ branch locations‚ and service offerings were heavily regulated by the government; banks had little incentive or opportunity to consider issues such as pricing
Premium Cost accounting Costs Management accounting
Relationship between marginal cost and marginal product. Marginal cost is the additional cost attributed to an additional unit produced. Marginal product is the increase in the total product due to an additional resource allocation. The marginal cost and marginal return have an inverse relationship and can almost be represented as mirror images of each other. The peak of the marginal product corresponds with the lowest point of the marginal cost. Thus as marginal product
Premium Economics Marginal cost Cost
absorption costing and Marginal costing 298) Flow of Costs under Full Absorption & Marginal Costing PERIOD COST Selling and administrative expenses FULL ABSORPTION COSTING PRODUCT COSTS Fixed manufacturin g overhead Variable manufacturing overhead Direct materials and direct labour Work in process inventory Expenses for the period Cost of goods sold Closing inventories PERIOD COST Selling and administrative MARGINAL COSTING PRODUCT COSTS Fixed manufacturin Variable manufacturing Direct
Premium Variable cost Marginal cost Cost
“ELECTIONS PER SE DO NOT AMOUNT TO DEMOCRACY”: EXAMPLES FROM SUB-SAHARAN AFRICA” INTRODUCTION The democratic process in Sub-Saharan Africa (SSA) is in a state of crisis despite the occurrence of elections. There seems to be a gradual‚ but dangerous reinstitutionalization of autocratic and authoritarian regimes clad in democratic garb (Adejumobi‚ 2000). Elections are supposed to be a hallmark of democracy however in SSA dictatorial regimes are also holding elections resulting in their abuse and a
Premium Democracy Election Elections
Do you think that the space exploration is worth the cost. Do you think that it is worth the resources and lives. I do think it is worth it. It has helped us advance in our technologies. It has helped us discover a lot more. In Kennedy’s speech‚ he says that many people believe that space exploration or sace research has no benefit for us here when they are wrong. He says that just as the wartime development of radar gave us the transistor‚ space research can promise benefits for us who
Premium Space exploration NASA United States
Mason University University Services Fairfax‚ VA kbumgarn@gmu.edu KEYWORDS: Urban affairs‚ system engineering‚ parking‚ George Mason University‚ Transportation‚ Decision-making‚ Optimization‚ Monte Carlo Simulation‚ Eventoriented Model‚ Parking System ABSTRACT The users of George Mason University’s parking system are quickly outgrowing the capacity of the system and are dissatisfied with the quality of the service this system provides‚ yet George Mason parking services are still in debt from previous
Premium Parking Parking space Parking lot