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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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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INTRODUCTION The Classic Pen Company; originally producing Black and Blue Pens‚ decided to enlarge it’s product portfolio by introducing new products in the market. The sales prices are determined as %3 more for Red nd 10% more for Purple with an expecance of higher margins. With the coming products production started to cry out on the difficulties of producing the new red and purples stating that they need extra workload for production‚ planning and keeping track of the information. On the
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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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Brandon Adams Scratch of a Pen‚ 1763 #1. Colin Calloway states that the Treaty of Paris of 1763 was one of the causes of the American Revolutionary War. Identify and define all of the terms of the treaty as discussed in the book‚ how those terms affected the colonists and why this treaty is seen as the beginning of the journey to the American Revolutionary War. After the Seven Years’ War was finally over Britain signed the Treaty of Paris of 1763‚ ultimately giving Britain an empire. Ridding
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South Park. The creators‚ Matt Stone and Trey Parker may not be recognized but the show itself is well-known. Parker and Stone have a sense of humor some might take offensive. The show is well known for making fun of gay marriage‚ religion and many other things that has caused a lot of controversy. Throughout the show‚ Parker and Stone has stretched boundaries with the television industry. Trey Parker‚ born October 19‚ 1969‚ in Conifer‚ Colorado. Parker has a love for film making and he wanted to
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MARY PARKER FOLLETT (1868 - 1933) The newest addition to the collection of books about Mary Parker Follett is a contribution by Joan C. Tonn entitled Mary P. Follett: Creating Democracy‚ Transforming Management (BUS stack HN57.T695 2003) The press release for this book is available here. Recently a new book about an older management theorist arrived in the Business Library. Published by the Harvard Business School Press‚ the contributors included Drucker‚ Mintzberg‚ Bennis and Kanter. Perhaps it
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His Promised Land: The Autobiography of John P. Parker‚ Former Slave And Conductor on the Underground Railroad. When we think of the conductors of the Underground Railroad many think of Harriet Tubman and her only‚ but if we study history carefully we will find out that she is not the only conductor worth mentioning. John P. Parker has to be one of the most underappreciated figures not only in African American history but American history in general. If everyone was aware of this true American
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