The name of the company was changed to 3M India Limited in Dec 2002. 3M in India has manufacturing facilities at Bangalore‚ Ahmedabad‚ Pune & Pondicherry with more than 1800 employees. For the Financial year ended March’11‚ 3M India posted a net sales of Rs. 1176 crores with net profits of Rs.99 crores The 3M technology solutions expertise has been tried and tested for performance‚ safety‚ value & productivity in markets that include Aerospace‚ Railways‚ Highways‚ Defense‚ Security‚ Mining
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Position Statement The DBK headquarter sat down and review the sales numbers. A big driver of the years of success was the growth in the number of sales representatives. But Creevey the CEO of DBK was faced with the situation that representatives would not climb the sales ladder up. The rate at which new representatives were transitioning to leader and starting to build their own sales team is slowdown. But the willingness to build up a team is central for the business model of DBK. The reason therefore
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Conversion cost. Labor that cannot be physically traced to particular product is treated as indirect labor and as manufacturing overhead. Conversion cost is the sum of direct labor and manufacturing overhead. These costs are incurred to convert materials into the finished product. Indirect labor is treated as part of manufacturing overhead. 2. Prime cost and conversion cost share what common element of total cost? B. Direct labor. Prime cost is the sum of direct materials and direct labor‚ likewise
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1) Direct and indirect cost Direct cost- We can easy compare direct to fixed cost. They are very similar. Direct cost we can name this cost which are directly attributable to the sale of a product. Direct costs can be identified specifically with a particular sponsored project‚ or that can be directly assigned to such activity relatively easily with a high degree of accuracy.It is necessarily to good understand that cost shared expenditures are considered to be direct costs. We have 3 types of
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review Materials ch24 Student: 1. Standard costs can serve as a basis for evaluating actual performance. True False 2. Standard material‚ labor‚ and overhead costs can be obtained from standard cost tables published by the Institute of Management Accountants. True False 3. Standard costs provide a basis for assessing the reasonableness of actual costs incurred for producing a product or service. True False 4. When standard costs are used‚ factory overhead is assigned to products
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process. 1) Analysis of physical flow of units. 2) Calculation of equivalent units. 3) Computation of unit costs. 4) Analysis of total costs. 5) Build a Spreadsheet: Construct an Excel spreadsheet to solve all of the preceding requirements. Show how the solution will change if the following data change: the April 1 work in process costs were $27‚000 for direct material and $5‚000 for conversion. 1. | | Physical Units | | Work in process‚ April
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sophisticated services. 2. Describe the existing cost system and calculate the cost of the 5 components in the case. What is wrong with the existing cost system? The existing cost system measures direct labour and overhead. Overhead is grouped into a single cost pool that includes overhead costs associated with each of the testing rooms as well as the engineering overhead costs relating to software and tooling development and the administrative costs of the division. ETO suppliers started to do
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INTRODUCTION After analyzing past customer preferences‚ in 2010 store 88 initiated a promotion to increase mid-week sales to even out demand. In the past approximately 80% of services were incurred on Friday‚ Saturday and Monday‚ compared to 20% incurred on Tuesday‚ Wednesday and Thursday. To even out the demand for services‚ the store initiated a program to decrease the service price to $18 on Tuesdays‚ Wednesdays‚ and Thursdays and increase the price to $30 on Fridays‚ Saturdays‚ and Mondays
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according to schedule. The total cost is estimated at $2‚631‚468.00 and that makes the project come in under budget at $118‚532. The budget during the planning phase came in at $283‚882 which was for a period of 10 weeks. The budget during preparation phase was 1‚282‚442.00 for a total of 47 weeks. Monitoring and controlling the project was instrumental in
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Case 11.1: The direct sales model or a ‘dual system’ model: Dell’s distribution strategy in China. 1. What are Dell’s FSAs? What are the macro-level requirements for the direct sales model to be successful? What are the major advantages of the direct model‚ compared with the tradi tional channel strategy in the computer business? Dell’s main FSA is its well designed and integrated supply chain based on its direct sales model. Dell successfully controls its own distribution‚ bypassing conventional
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