Background: Parker Pen Company it’s an expert‚ traditional and well known fine writing instruments manufacturer based in Janesville‚ Wisconsin. Its founder‚ George Safford Parker‚ initiated the company’s history back in 1889 with the fountain pen patent‚ which would enable him three years later (1892) officially give birth to Parker Pen Company. In the earlier years of its existence‚ the company worried to reinforce its expertise in fine writing instruments manufacture‚ so that in 1920’s it was
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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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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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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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Hard Drives Hard drives have been around longer than you think. In 1956‚ I. B. M. had invented a disk storage unit that was very large but did not store a lot of data. It was twenty-four inches in diameter and could hold only five megabytes‚ which is the equivalent to three and one half floppy disks. Originally called “fixed disks” later became known as “hard disks” opposed to floppy disks. In 1973‚ I. B. M. released a hard drive that could hold seventeen and one half megabytes. In 1980 Seagate
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Flash Drives A common property of mass storage systems based on magnetic or optic technology is that physical motion‚ such as spinning disks‚ moving read/write heads‚ and aiming laser beams‚ is required to store and retrieve data. This means that data storage and retrieval is slow compared to the speed of electronic circuitry. Flash memory technology has the potential of alleviating this drawback. In a flash memory system‚ bits are stored by sending electronic signals directly to the storage medium
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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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Magnetohydrodynamic drive In concept‚ MHD is attractive because it offers a propulsion system that requires no moving parts. It works on a principle similar to that of an electric motor or generator; that is‚ passing an electrical current through a magnetic field creates a force. In an MHD propulsion system‚ a magnetic field is created within the hull‚ and sea water is used to conduct the electric current‚ as shown in the illustrations accompanying this story. The underlying principle is known
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Evolving Technologies To Drive Competitive Advantage in Hospitality Industry In today’s fast paced competitive and cut-throat marketplace where no other quote would be more apt than ’Survival of the fittest’‚ tour & travel companies‚ travel agents‚ hotel distribution companies‚ hotel chains‚ airport transfer and car hire companies are grappling with how to bring convergence between their brick and mortar and the emerging technologies that are multiplying and growing as
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