Essays on Factory

Having been brought to existence back in 1976 by Richard Hoover, Santa Cruz Guitar Company have grown to produce quality guitars in the region of 500 and 700 acoustic guitars every year. This acoustic guitars’ manufacturing firm is in Santa Cruz California. At present day, the instruments have been regarded and classified by guitar lovers as to being some of the worlds most desired and the finest steel-string guitars. They have appreciated the concepts of total quality in which case they have a complexity of overtones, and they are also highly resonate.

In Santa Cruz Guitar Company, their definitions ...

Today we live in a world that just 100 years ago would have been unimaginable. The boundaries and geographical barriers between countries have all but eroded. Go to any major city in the world, head to the airport and in less than 24-hours a person can be in any other major city in the world. This has brought interconnectedness to the global economy with players working in tandem thousands of miles away. But is this a good thing or a back thing? This essay analyzes the phenomenon of globalization and endeavors to determine whether or not the phenomenon of globalization is good or ...

The proposals for plants to many American companies are treated like any other investment. The migration of companies has tremendously eroded the domestic potential that are required to convert inventions into cost-competitive products and high quality; hence, damaging the ability of America to be the leader in various sectors. It is difficult for companies to determine the opportunity that manufacturing is necessary to innovation issues and the moment that it is safe to outsource to reduce capital outlays and lower costs. There are better sourcing decisions based on a framework that will enable reinvigorate American economy that is driven by ...

A manufacturing firm can be differentiated from a merchandising firm on the basis of certain factors, such as structure of operations and the resources employed to earn profits. The key distinguishing factor between the two is that a manufacturing company produces goods while the merchandising firm markets and sells the products. Wholesalers, distributors and retailers are termed as merchandisers, whereas a factory would be considered a manufacturing unit.

The two types of firms also differ on the basis of inventory. Manufacturers operate in three kinds of inventory; raw materials, work-in-process and finished goods. Since, merchandisers deal in ready-for-sale products; they only maintain ...

In this article, Bono, a manufacturing leader at PW reports on the latest developments in the US’s economy with a special focus on energy (1). In this article, Bono reports that the latest survey has indicated industrial manufacturers, hold the opinion that, in the coming three years, the overall cost of energy will reduce. A majority of these manufacturers also think that a reduction in energy cost will boost the US’s economy. In addition, some of them think that a reduction in energy costs will have a positive impact on job creation.

Manufacturers who believe that a reduction in energy costs will ...

Riordan Manufacturing offers manufacturing facilities in China and United States. There are three main plants of Riordan Manufacturing that includes Pontiac MI, Albany GA, and Hangzhou, China. Pontiac MI manufactures customized plastic parts, Albany, GA fabricate plastic bottles, and Hangzhou, China manufactures plastic fans. The annual earnings of the company are around $46 million and revenues over $1 billion. Riordan Manufacturing is counted as Fortune 1000 Company. It employs 550 people across the three manufacturing plants of the company.

Slide 2

Riordan Manufacturing Inc. outsource most of its function. It uses separate systems for all of its departments that increase the ...

Globalization is a term used to explain the enhanced connectivity between nations, institutions, corporations, culture and people. It assumes a borderless world whereby ideas, finances, goods and services move freely across perceived boundaries that include borders, languages, governments and time. Some circles suggest we are in a second wave of globalization following the industrial revolution that emanated from England in the 18th century (Lewellen, 2002). The current wave of globalization has been prompted by the growth in communications, particularly in relation to advancements in, and widespread use of networked technologies.

Modernization can be interpreted as a western conception of industrialization. In a traditional ...

Abstract

The research presentation on the corporate social responsibility of the imaginary organization Riordan Manufacturing Inc. covers the description of the social initiative to be implemented and discusses the main components of an effective CSR policy. The suggested social initiative is about going green and focuses on conducting energy audit, getting paperless by communication by e-mails and double sided print, saving water, providing leadership and involving employees. The company will benefit from becoming environmentally-friendly due to improved reputation, increased customer and employee loyalty and saved money in operational costs. An effective CSR policy should include such components as business value, ...

Introduction

- Attention Getter: Amazingly all the women have moved and joined the Women Trade Union League, Civil Right Movement.

- Credibility Statement: Our clients in the organization have the endorsement on the development and better earnings witnessed from the services offered by the Women Trade Union League. It is revealed clearly that the Women Trade Union League has turned to a point where registration and joining of new clients in the union is increasingly with the clients and members benefit.

- Thesis Statement: Working environment of the workers from the company seemingly did not consider the factory machines ...

Company Overview

Riordan Manufacturing Inc. is a worldwide leader in plastic manufacturing industry and provide solutions to customers with polymer materials. It was founded in 1991 by a chemistry professor Dr. Riordan. The company offers various manufacturing facilities in both China and United States. Research & Development and corporate offices are located in San Jose; CA. Riordan has three manufacturing plants, i.e. Pontiac MI, Albany GA, and Hangzhou, China. Pontiac MI manufactures customized plastic parts, Albany, GA fabricate plastic bottles, and Hangzhou, China manufactures plastic fans. The annual earnings of the company is around $46 million and revenues over $1 billion. Riordan Manufacturing is ...

Introduction

Jewellery has been in existence since the early humans began to become civilized. The human desire is to be adorned with precious metals and gems. This has been evident since the Neolithic and Palaeolithic eras. The early humans made jewellery that was formed from claws, bones, teeth and shells. This has been documented by archaeologists. The Egyptians, the Romans and the Greeks applied distinct methods for the creation of jewellery (Cartlidge 1985; Dorner & Turner 1985; Druff and Dormer 1995; Druitt 1986; Falk 1989; Game and Goring 1998; Gilhooley and Costin 1998; Grant 2005; Grant 2007; Hinks 1983; Hughes 1972; ...

Executive Summary

The aluminum manufacturing company faces many operational challenges. They have to analyze the performance of different sections. To do that they have at data from previous year about main inputs that go into aluminum production. In addition, they use other chemicals as a part of manufacturing process. In terms of output they produce four grades of metal. They have also to account for some about of production loss and level of impurities. Finally, as a measure of ultimate performance, they have to take into account power consumption and percentage efficiency.

As a part of efficiency improvement exercise, statistical analysis of various ...

Introduction

In order to apply the relevant Deming’s points for quality management, it is important to establish the current issues that need to be addressed at Smitheford Pharmaceuticals. The company started off properly in 1878 by observing crucial business aspects such as methods of improvement and employee satisfaction. It also later adopted TQM philosophies but it has done poorly in implementation of those practices in manufacturing. The other issue is the complication of transportation of partially manufactured products after the introduction of strict FDA guidelines. Drug interactions especially among the elderly who are the main target market ...

Elio engineering is a partnership arrangement with the founders being Paul Elio and Hari Sankara. Paul was a student of the General Motors institute. He had come up with various designs and ideas of which he thought would revolutionize the motoring industry. Some of these inventions were a bike he had designed and patented, but did not take off. He also had sketched a new seat design, which was later named the NC seat. The NC stood for “No Compromise” because the new seat design made possible simultaneous progress on cost, weight, and performance. However, all this did not appeal to him because ...

The history of glass can be traced back to 3500 BC in Mesopotamia and the first jar made of glass was made in 3000BC. The first historical archaeological evidence of glass was discovered in ancient Egypt along the Mediterranean coast where it is estimated that that the first glass like object was discovered from the slug waste that was used from extracting metals. Indigenous production of glass progressed commercially in 1730 BC, and in Ancient China took out late as compared to metalwork and ceramics. It later took a giant production root that saw it to become among the leading ...

Question 1

According to Chapter 12 (2) there are universal values that are used in most ways of life and at the same time are vary from culture to culture. The specific conditions that drive workers to put in all their energy and focus on the job depend on what they view as important. The Goal Setting Theory states that how individuals go about setting goals and achieving or responding to them.

1) The theory has been proven to work within one country and not in another because as explained, there are certain details that vary from one way of ...

The paper by political economist Robert Reich, accessibly titled “Why the rich are getting richer, and the poor, poorer”, traces the causes, consequences and effects of rising socio-economic inequality. The paper is focused on mainly examining socio-economic inequality in advanced economies (chiefly the United States), with developing countries mentioned only as far as they play a role in the rising inequality in advanced countries. Reich points out that the main cause of the rising inequality is the increasing valuation of one’s position in industry based on one’s function. The paper tracks the rise and decline of three forms ...

In the recent job report there is some encouraging news. The unemployment rate is at all-time low in last 5 years. The economy created more than 165000 jobs and 26 states showed positive job increase compared to only 7 which showed negative trend. This is the biggest economic recession since the great depression and even after 5 years the economy is still in the path to recovery and there is little hope of the condition of the economy being anywhere near to the pre-recession level before 2015.

There are several reasons why the economy is not bouncing back ...

China has emerged as the one the most efficient country in terms of production of goods and services. All major multinationals like GE and Ford have set up their production base in China. The labor efficiency adds to the cost effectiveness’ have seen China development through years and it has transformed from being an over populated country to a manufacturing super power. I live in Lu’an a city in Anhui province in China. It’s a small city with tea plantations as its major occupation. My family owns tea gardens and leases them on a yearly basis to agents. I decided to ...

Blackburn, M., Busser, R. & Nauman A. (2001). Removing Requirement Defects and Automating Test. Software Productivity Consortium NFP

This article underscores the problems that impede operations and growth. In this regard, the article discusses model based approaches to reducing defects in the production process. The article discusses the use of model-based approaches in order to reduce defects, reworks and rejects in order to increase scheduled savings and reduce costs. Automation of development and tests is important in the production process. According to the authors of the article, automation in this way helps reduce resources and time in an attempt to develop high quality production systems. This article is important for this topic as it gives a different perspective ...

Section One

Design for manufacturing a concept that seeks to minimize the cost involved in manufacturing an item. As a concept in engineering, design for manufacturing also seeks to reduce the difficulty when manufacturing a product. The design for manufacturing concept is concerned with the reduction of the overall cost of production that results from parts that are used in the manufacturing process. In order to achieve this, the design for manufacturing concept seeks to minimize the complexities in the processes that might impede manufacturing operations by using common primary axes and datum features (Porter 2).

On the other hand, the design for assembly ...

Introduction

Various Western manufactures and retailors outsource their wares to those in the third world companies. Although this is a sign of a healthy globalized economy, it has a downside too. In order to keep their overheads down, the manufactures in the third world countries, often overlook the working conditions at their facilities. At times, this has resulted in catastrophic accidents involving their workers. Once such accident in our recent memory was a fire at a garment manufacturing facility in Bangladesh; the facility supplied major Canadian retailors. Therefore, concerns are being raised about the need to have a certain minimum standards at those facilities; even if ...

In scheduling procedure, the engineering department has to deal with production and inventory control that is basic of designing of effective production and inventory control system. Whereas, “theory of queuing” deals with Poisson procedure. Queuing theory is the mathematical study for manufacturing and engineering plus industrial business. For example: students queuing and waiting in lines for eligibility of any course. http://en.wikipedia.org/wiki/Queueing_theory

Multi-scale devices

In engineering development, Multi-scale devices have used for numerical study module. Most of the modern day’s mechanical engineers have used multi-scale research for their industries that has a base i.e. created by the nature. The Nanotechnology has ...

Managers as well as accountants need financial information to help them make managerial and accounting decision that are very crucial for both internal and external consumers of this information (Drury 2008). To be successful in this area both managers and accountants need to have full understanding on the different types of cost and their calculations. There are different ways of classifying cost for example, manufacturing costs verses Non-manufacturing costs, fixed costs versus variable cost and finally product cost versus period costs. The most important thing that managers and accountants need to know is how to treat variable costs and ...

The two concepts of accounting are very vital when it comes to the realization of the ones profit in a given business premise. They enable the manager to come up with the best policy in realizing the best profit for a given sale. They depend on the ability of the sales being on a fixed cost or at some points it can rely on some factors like the case of the absorption costing which is believed to be an absorption that is based on all issues dealing with the manufacturing costs into the issue of the inventory rating.

The various costs that ...

1 a) Write a thesis statement that is one to two (1-2) sentences long in which you: State you opinion on how industrialization after the Civil War influenced U.S. society, economy, and politics. Justify your response.

Though, industrialization after the civil war had various positive effects, it had negative effects, as well. Industrialization dramatically changed the American industry and improved the lives of Americans in a number of ways after the Civil War; however, it also created a number of problems for the society of the United States.

Industrialization had a great impact on the politics, economy and society of the United States. It ...

As Plato reflected, “Excellence is not a goal, it is a habit.” The basic concepts in designing for product excellence exemplifies this as it must start with the end in mind and reflect excellence at every phase of the design, material, and manufacturing process. To remain competitive in today’s global marketplace is to not just make the best product possible but to also build it faster, with less environment impact and greater economic efficiency than the competition can. In other words; better, faster and cheaper is the blueprint for success.. This sounds simple, but it is not an easy ...

The industrial revolution, which started in England in the eighteenth century, resulted in the replacement of human labor by machines with the sole purpose of increasing the productivity of the goods. The industrial revolution transformed technology to a great extent, leaving behind several negative impacts in spite of the development in technology. The living condition of the workers working in the newly built industries became worse day by day. The workers were forced to move to areas where the factories and industries were established as a result of the industrial revolution. The factory owners forced the workers to run dangerous machines ...

Below is the chart for the balance scorecard which shows the aims and objective of evolution engines. In this scorecard the segments included are shareholders value from the financial perspective; customer’s value perspective, internal value perspective and learning and growth perspective (Marr and Adams, 2004; Niven, 2005; Papalexandris et al., 2005) of the organization evolution engines. Evolution Engines is an engine manufacturer planning to initiate its business in the China. The balance scorecard is emphasizing on one particular segment which is manufacturing of the airplane engines. Elaborate details of division of segments and measure for enhancing the value ...

1- (A) - Fixed manufacturing overhead costs are defined as a product cost and period costs under absorption costing and variable costing respectively. This is the only difference between these two costing methods.

(B) - The actual difference between the cost of goods sold and sales gives the value of gross profit (gross margin). Fixed and variable manufacturing costs are part of the cost of goods sold. On the other hand, contribution margin is determined by sales amount less of variable expenses such as variable operating expenses and variable cost of goods sold. Fixed costs are not considered in the ...

Question 1

Alliances can be groupings of different personalities who have a common goal which in most cases involves profits. Realistic goals and size I believe are the key features here.For an alliance to work well; they should initially start by setting their own objectives, which are attainable during a measurable time span. Few people are fast in decision making compared to a large group hence serves as an added advantage to the group. In cases of raising capital, a large group is preferred as it has more members to contribute. In sharing risks, they are evenly distributed reducing the burden of risk bearing ratio. ...

The contract is between a farmer and the processing company. The two parties came to a solemn agreement on the terms and condition that builds the contract. The contract states that the after the farmer makes his or her harvest, he should supply the factory with the produce for processing. The terms of payment for the supplies are; the farmer would supply half of the farm produces and in turn the factory would promptly pay for the supply. The company would evaluate the quality of the products by processing the entire supply. If the products are up to the standards, the ...

The major players in the U.S. automotive industry have had to revisit their policies, strategies and manufacturing practices amid challenges resulting from today’s business environment. Traditionally Klier and Rubenstein (2009) noted that the industry players like Ford and General Motors once produced many of the intermediate parts in-house. Today, the situation is strikingly different as the auto-manufacturers import most of the materials needed from foreign counterparts. This paper explores the causes and effects of the latter state-of-affairs. The U.S. automotive manufacturing industry has resorted to importing most of its materials from foreign manufacturers mainly due to the competition ...

Introduction

Absorption costing or full costing refers to a costing system that treats all the production costs, regardless of whether they are fixed or variable. On the other hand, variable, marginal, or direct costing refers to a costing system where the costs of production that vary with the output are essentially treated as product costs. If Patty wishes to show the maximum profit to the bank over the preceding two years period, she should present full costing or absorption costing because the profits determined by variable costing method are not proper and true. The reason why they are not proper and ...

1. Putting in place a more effective ethics programs and a more viable code of conduct could have helped Nike alleviate some of the ethical issues faced by the company. Effective ethics program helps an organization “foster ethical decision making in business” Ferrell, Fraedrick & Ferrell, 2011, p.216). A more effective ethics program and a more viable code of conduct can help the firm evade legal problems because ethics program and code of conduct can help identify and prevent misconduct in an organization (Ferrell, Fraedrich, & Ferrell, 2011). Additionally, a strong code of conduct offers real value to a company. Nike must have a more ...

In April of 2013, the Savar garment factory in Bangladesh collapsed, killing over a thousand workers and leaving many others injured (Manik and Yardley, 2013). The effects and aftermath of this disaster were widespread, from people arguing over safety regulations to the merits of conspicuous consumerism. The garment workers were making clothing for stores such as Sears and Walmart, and government investigations revealed violations of fire safety that could have contributed to the collapse (Manik and Yardley, 2013). In today’s capitalist economy, many large companies have to cut down on overhead by outsourcing labor and paying less to produce ...

Introduction

In the year 1972, Nike was established by Phil Knight and Bill Bowernman. Currently Nike has emerged to be one of those global companies targeted by a broad range of campaigning non-governments as a symbolic representation of the business in society. Nike has established a forum, which is a well-developed focus of being responsible in improving condition in contracted factories (May, Cheney, & Roper, 2007). Nike aim for carbon neutrality as well as making sports available to young people across the world.

Question 1

Nike has experience many legal issues in its lifetime. Nike has long been accused of many allegations. For instance uses sweatshops ...

- It takes 1,000 hours of labor to complete one batch of sandals - Production reaches a cost effective level of 283.83 hours per batch, this highlights the fact that the greater the number of units produced, the lower the overall production cost becomes I used the excel spreadsheet module in POM for windows to calculate all the data for this particular product. I extended the production timeline by another four months to determine projected levels of revenue and profitability. Using this tool is highly credible since the accuracy of the method, as reflected in the calculations, ...

Question 5 (a)

It has come to the attention of the audit firm that there are several issues surrounding the business operations of Ocean Manufacturing Inc that could deter the acceptance of the company as a client. This memo will clearly outline the reasons as to why the decision of not accepting the company as a client of the audit firm would be a viable choice. The factors identified are principal in any decision making process as they would save the reputation and time of the audit firm. Solutions to the problems observed in the company will be outlined so as to try uplifting the ...

Question 1 (a)

The year 1990 was the beginning of China’s growth in terms of Gross capital formation. China was constantly lacking behind in terms of gross capital formation in decades earlier than 1990 but in 1990 and onwards, China was able to take the lead from US and Japan with capital formation of more than $3T.

The rapid boom in export from the year 2002 brough significant changes in China’s export. Such a boom not only helped China to establish a strong export base but also helped China in taking the lead from United States. In the year 2010, it was indicated ...

Chapter 9

1. Why does Grundy think that acquiring Canada will strengthen the America union? Acquiring Canada will be an added advantage since the country has sufficient resources. If America adds up to its own form will be more strengthened for example, the essence of the human rights and freedom that they are fighting for to end the oppression and exploitation of other people, Canada, Americas share many things together, and the union of them will create more strength on American union. 2. Whom does Grundy hold responsible for Tecumseh’s uprising the conduct of Indian tribes he mentions? ...

The impacts of closing and relocating the operations of a company could disrupt the organizational culture and environment of a company. Restructurings and relocations could result in the physical changes in the locations of company headquarters and distribution centres, change of company leadership, merging of some operations into one centre among other changes (Flecker, 2005). HS Engineering is a UK based firm that deals in making engineering tools. The company, mainly run by the founder’s family members, has been in operation for the last 40 years. As a result of the dynamics in the engineering tools industry, HS Engineering plans to close ...

With the analysis at hand on the way to transfer the data carefully and effectively from the IT of the acquired company to the acquired one. Measures such as revising the information held in their records and deduce their status. In regards the newly acquired soft candy company, four pyramids of ideas had to be developed. They fall under several meetings that were to be held by various departments within the acquiring manufacturer. The specified departments lie in the field of IT, Manufacturing, Distribution and lastly marketing. The requirements in completing the boxes were as specified. On box relating ...

Mergers and acquisitions are some of the most common forms of business strategies. It is usually used to expand the economic performance of one company. At this point, the manufacturer of hard candies chooses to acquire the manufacturer of soft candies. Before the acquisition, it is always advisable to carry out a research on the kind of partnership that the two businesses are willing to operate. Since there are various department in the company a concrete and reliable research would be needed to ensure outstanding information is gathered for the business partnership. All departments represent different roles in the business with ...

The impacts of closing and relocating the operations of a company could disrupt the organizational culture and environment of a company. HS Engineering plans to close its Wolverhampton and Oldham plants and move all precision manufacturing operations to its main Leeds plant. The Leeds plant has its employees properly unionized and it also gives its employees loyalty bonuses, pensions, sickness schemes and wages that are favourable to the local market.

The Leeds manufacturing plant has a clear and well-structured organizational structure comprising of a team leader for each area of production and structured upwards to the Managing Director. The company will need to ...

Abstract

This is a short analysis of Deborah Boe’s, “Factory Worker” and description of women in the work-place.

Deborah Boe’s poem, Factory Worker is an enjoyable one that depicts the typecast of the eighties. In the poem it is clear that Deborah is working in a place that is usually a man’s domain. She is good at her job and she does so well; she hardly thinks about what she is doing while she is performing her duties. She does not particularly like her job, she just do it; “All day I stand here, like this,/over the ...

Strategy is the method through which an organization or an individual will conduct his actions in order to achieve the desired results. Organizations employ unique strategies in order to beat their competitor and also in order to gain competitive advantage. In most cases companies normally keep their strategies as a secret that is known to a few individuals who are responsible for implementing the strategy (Burke 2011, p.45). Strategies are normally kept as a secret because if an organization’s strategy is known by a competitor, the competitor may commence employing measures to counter the effectiveness of the strategy thus the business may ...

There are many communication protocols that are used in Riordan Manufacturing Company. Communication protocols are useful in the networking world. They are the standards that are used to manage communications in the networks. They form the basis under which connections and interfaces communicate. The various branches that are seen in the company are reason enough to have protocols that will help in having a unified communication model. Communication protocols help to make common technologies that will make two hosts to communicate. Protocol is the specific rules and electric signal that the network system use. The protocol controls the communication of ...

According to Gygi and Williams (2012), Lean refers to creating value to customers using fewer resources. The main idea behind the concept of lean is maximising customer’s value and minimise wastes. Manufacturing refers to the process of production of goods. Therefore, lean manufacturing refers to the production of superior quality goods for the customers at significantly affordable prices. Some of the importance of the lean manufacturing to the business organization includes:

- Building quality in the production process - Elimination of waste in the production process - Developing a unique approach towards corporate management. - Developing ...

- Comment in agreement or disagreement with the following quote: “during the 19th Century Russia was considered to have the most conservative and least reform-minded, government in Europe." What factors in Russian history contributed to this situation? What was the response to this reality by liberal leaning Russian military and political leaders? In Russia, the central political and economic problem was serfdom, which was basically slavery under another name with the majority of the population in an un-free condition. Certainly some Russian governments attempted to deal with this problem, particularly Tsar Alexander II, who freed the serfs ...

Organization BehaviorWhat factors should have alerted Hogan to the problems that eventually came up at Fancy Footwear?

Organizations that benefit from superior performance always attribute its success to the excellent and determined workforce. Every organization at some point may experience underperformance and it is always the organization’s obligation to grapple with the underperformance for the better of the business. In fancy footwear, it is evident that the issue of underperformance became perceptible when Hogan took the managerial role. The following factors could have alerted Hogan on the problems that eventually became discernible in the footwear factory.

- Hogan could have perceived the factory’s upcoming problems the moment the employees began to exhibit avoidance behaviors. ...

Strategic analysis

Five Forces analysis

Level of rivalry The level of rivalry remained intense until the end of 2004. Then after 2004, Lego became one of the stronger competitors in the market by introducing some of its new production, which has made its position in the market strong enough. After 2005, Lego started competing in the market of environment for the children. Lego became one of the great threats for big names such as Sega and EA.

Power of buyers

The buying power Lego buyers are higher as the cost of Lego productions is much less than the other alternative toys and productions available in ...

Statistical process control

What is Statistical Process Control? It is a tool (discovered by Dr. Walter Shewart in 1920) for making analytical decisions. It is employed in checking whether a process is going on in the correct way or not. All processes have got inconsistency in form of variations an thus it needs to be determined if it is natural or if correction is needed. This is what entails quality control. In Statistical Process Control, process control charts are what determine if the process at hand is in control or not (Chase e.tal 2006).

Process Control charts are used during the period of the ...

1.0 Introduction

1.1 Zara Fashion Shop Background information

The textile and clothing industry continues to develop since the earliest days because people will always be in need of something to cover their nakedness. Zara Fashion Store started in 1975 as a small store in Spain. Presently the business has ventured into 77 countries and owns more than 1,700 stores worldwide. In the year 2010, Stores accumulated profit amounting to 8 billion Euros. The business model adopted by zara is different from others since it composes of several sectors and sub-sectors. It comprises of the manufacturing unit, the design sector, distribution unit ...

Question one

Job costing is also known as specific order costing. It is suitable if it is possible to identify separately cost units of each job. Thus, after identifying a job it becomes possible to cost it individually. The job should be of a reasonable size and only relevant costs are included. It can be applied in contract costing, where, each contract is considered a different job and all costs incurred in respect to the contract are charged. Therefore, profit of the contract will be the difference between the contract price tag and the cost. This is commonly applied in auto repair shops and ...

The current paper makes an effort to explain the concept of and comparison between job order costing system and the process costing system with a view to provide help in the process of decision making regarding the adoption of the costing system in question. Various views were considered in order to enable this study and make it instrumental in deciding upon the required costing system to be adopted in the company.

The conclusion submitted is based on a thorough comparison between both the costing systems. The various industries where these two costing systems are dominantly used are also discussed in the ...

- Apportionment, Allocation, and Absorption of Overhead

Total overhead=€650000, Thus overhead as percentage of Direct material cost=650000/3430000*100=18.95%. Thus overhead to be absorbed to Econo bikes at 18.95% of €2150000=€407425, and to Luxi 18.95% of €1280000=€242575 **Under the blanket overhead absorption rate as was the practice, the €650000 overhead absorbed between Econo and Luxi was 2000/3000*650000=€433333 and 1/3*€650000=€216667 1. After all the service department costs are apportioned to the production departments, the next step is to spread the factory overhead to the different products or job produced. This is ...

<Tutor> <Department>

Introduction

The car manufacturing could be one of the largest industries in Europe. This industry produces cars for different countries in which the manufacturers are facing several issues. Doing such business in Europe can be challenging as there are some existing legislations that they need to follow, which could greatly affect the industry’s profit. Competition among car manufacturers in the European Union is very high. Each company may have their own marketing strategies, despite the economic challenges and competitive issues among the car manufacturers in the industry while ensuring that existing laws are strictly ...

The Jungle by Upton Sinclair talks about the poor conditions of immigrant workers in the meat packing industry in Chicago. The place, aptly named Packingtown, is the area where the major meat packing companies were found. This is where Jurgis, his family, and his then girlfriend and later on wife’s family migrated from Lithuania in hopes of a better life. Sinclair discusses in vivid details the hardships that the whole family went through in Chicago as their naivete as immigrants in a foreign country were played on and taken advantage by both the influential and the not so influential ones. ...

Introduction

Silver Ship Company designs and constructs marine equipment for different companies in the marine industry. The company also repairs marine equipment including boats for other companies in the industry. This paper focuses on the company`s strategy within the workboat and military boat industry. The paper highlights a brief history of the company, the executive summary, and recommendations in the long and short terms for the company.

Brief History

In 1985, Mike McCarthy started the Silver Ships Inc after he ended his career in the fishing industry. The fishing industry offered him a chance not only to develop a successful career but also to ...