measures are important to each of them? How about Bill Peach? Alex Rogo：His performance measure is the efficiency. That is to complete the order at a relatively lower cost and increase the economy scale. Alex said‚ “We can’t just dedicate the entire plant to one order at a time. The economies of scale would disappear. Our costs would go well‚ they’d be even worse than they are now. We can’t run the plant just by the seat- of-the-pants.” Lou: His performance measure is whether the operation makes
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and was needed much effort to use. They needed to input all the details about their customers and other information about the items that they are buying. (Intro..) Inventory systems often face customer demands for many different products. The demand characteristics may vary from product to product and therefore an inventory manager will generally apply a customized policy for every product. However‚ in most cases‚ all customer demand for a single product is handled in a uniform way. Although
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Cost accumulation systems Name Tutor Course College Date Generally‚ cost accumulation is the organized collection of cost data through a set of procedures and systems. According to an accounting business‚ they used a periodic cost accumulation system. This system only provides limited cost information during a certain period. The system requires end year adjustments to arrive at the cost of goods manufactured. In most cases‚ it is not considered a complete cost accumulation since the costs
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DRAFT MANAGING LOCAL REVENUE IN INDONESIA Raksaka Mahi *) Prepared for: CAN DECENTRALIZATION HELP REBUILD INDONESIA? A Conference Sponsored by the International Studies Program‚ Andrew Young School of Policy Studies‚ Georgia State University‚ Atlanta May 1- 3‚ 2002 Introduction The role of local owned revenues had been very small for a long period of time. In the past‚ almost ninety percent of total district’s revenue came from central government transfers and subsidies. Moreover‚ those transfers
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the beginning lines of the short story‚ Happy Endings‚ written by Margaret Atwood. Most stories have developed settings‚ characters and established plots. However‚ Happy Endings is structured in a unique way that makes it stand out among others. After reading Happy Endings several times‚ it is obvious the story was written to expose a heartfelt message that would encourage the reader to think about his or her life. The tone of voice in Happy Endings was different than what I was used to‚ but overall
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In the article‚ “A World Not Neatly Divided‚” the author‚ Amartya Sen‚ talks about how civilization will clash when categorized into a single group. The fact that civilization will clash is not the topic that needs to be debated. The topic that is of interest is why there needs to be identification based on culture. The division of civilizations based on culture hinders the establishment of world peace so therefore promoting clash and war. An entire civilization cannot be fit under one category because
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Inventory Management: Quantity and location of inventory‚ including raw materials‚ work-in-progress (WIP) and finished goods. Inventory management is primarily about specifying the size and placement of stocked goods. Inventory management is required at different locations within a facility or within multiple locations of a supply network to protect the regular and planned course of production against the random disturbance of running out of materials or goods. The scope of inventory management
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company uses a process cost accounting system. Its Assembly Department’s beginning inventory consisted of 50‚000 units‚ 3/4 complete with respect to direct labor and overhead. The department started and finished 127‚500 units this period. The ending inventory consists of 40‚000 units that are 1/4 complete with respect to direct labor and overhead. All direct materials are added at the beginning of the process. The department incurred direct labor costs of $24‚000 and overhead costs of $32‚000 for the
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Handout Cases on Revenue Recognition CASE 1 The Sea-Soft Water Company distributes its water softeners to dealers upon their request. The contract agreement with the dealers is that they may have 90 days to sell and pay for the softeners. Until the 90-day period is over‚ any softeners may be returned at the dealer’s expense and with no further obligations on the dealer’s part. If the water softeners are damaged while in the hands of a dealer‚ Sea-Soft agrees to accept the return of the
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“Correct management of inventory can be the difference between a business that hums along efficiently and one that sputters out prematurely” (Hoyt‚ 2002). Management of inventory is important to any business that wants to succeed. Companies purchase inventory systems to help manage the inventory of an organization. Team B Consulting has been requested by Dr. Christopher DeClerk of the University of Phoenix to evaluate different inventory systems. For the purpose of this summary‚ Team B reviewed
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