Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Management Expert

problem: In order to achieve its objectives and profit targets, an engineering business must have in place an adequate financial plan. describe the main steps in forming a financial plan for a typical engineering company.

problem: Several factors will influence the directors of an engineering company in formulating the financial plan. List and examine three of these factors and discuss what effect they might have on the decision making process during the financial planning.

problem: Mega Widgets Ltd have designed a new Super Widget which may revolutionise inter-stellar sandwich making.

Production costs:

Variable, material, labour etc: £10 per item
Fixed, machinery, tolling heating etc: £20,000 per year
Administration + selling overheads:

Fixed: £35,000

The company have to decide whether to make the widgets and sell them. find out the selling price based on absorption and marginal costing techniques. The company wish to make a 40% profit on each unit.

Analyse the most appropriate costing method if production is at a rate of 100 widgets per hour and sales are predicted to be 20,000 per year.

Super Widget Manufacturing Project

To manufacture the new super widget requires 3 manufacturing processes and a packing process. Quotations for the machinery have been obtained.

1) Squidging machine,  £10k, 2 operators, 50 units per hour, maintenance 6 month intervals @ 4hours, running cost £25/ hour
2) Banging machine,  £20k, 1 operator, 100 units per hour, maintenance yearly @ 8hours, running cost £30/ hour
3) Thumping machine,  £5k, automated, 200 per hour, maintenance monthly @ 1hour, running cost £10/ hour
4) Packing process, current equipment can be used, 1 operator, 20 units per hour, maintenance by operators daily @ 30 minutes.

Installing the machines takes 1 half day each and requires 1 electrical and 1 mechanical fitter.

Training takes 1 hour per operator and requires the machine being available.

Commissioning each machine takes 2 days, requires both fitters and 1 operator.

Production is to be spread evenly across the year, with batches produced in a single run, once per week.

Labour costs are £10 per hour per operator, £15 per hour for fitters.

problem: List the total resources and associated costs required to complete the whole project for a 2 year production run.

problem: Produce a project plan covering installation, commissioning, training and operating production for the two years.

problem:Plan the human resources required listing the requirements on a weekly basis and costs on a monthly basis.

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M9141

Have any Question? 


Related Questions in Business Management

Multiple choice questions1 the executive summary should

Multiple Choice Questions 1. The executive summary should contain which of the following information? a. a short description of potential buyers b. a complete description of your business c. a brief statement of the fina ...

Business assignmentpurpose of assignmentthe part 4

Business Assignment Purpose of Assignment The Part 4 individual assignment is the second part of a three part strategic management plan for the company selected by the student in Part 3. The purpose of the assignment is ...

Discuss the appropriate uses of an raci matrix and describe

Discuss the appropriate uses of an RACI Matrix and describe a situation at your work where you might incorporate an RACI Matrix.

Assignmentguidelineswhat are we looking for and a breakdown

Assignment Guidelines What are we looking for? And a breakdown of marks is as follows: Where are we now? A detailed macro and micro audit, which clearly classifies and evaluates the critical external and internal factors ...

Political and economic differences - discussion respond to

Political and Economic Differences - Discussion Respond to your Discussion topic after you have completed your reading. Topics Working with the Zip-6 Scenario: Ethical Challenges Working with the Zip-6 Scenario: Ethical ...

Paper two portionspart i questions with answers of 80

Paper Two portions Part I. Questions with answers of 80 words. 1. Recommendations to come up with Resources and Cost Scheduling in a project. 2. Importance of scheduling project resources. 3. Steps to create Time-Phased ...

Do you think the team nature of the decision makes it more

Do you think the team nature of the decision makes it more likely or less likely that individuals will choose to behave unethically?

An annual survey of first-year college students asks 270000

An annual survey of first-year college students asks 270,000 students about their attitudes on a variety of subjects. According to a recent survey, 54% of first-year students believe that abortion should be legal. Use a ...

1 identify the basic stages in the new product development

1. Identify the basic stages in the new product development process. Discuss each phase of this process. Show how each phase links together towards new product development through stages and decision gates (The stage-gat ...

Discussionproject communicationsdiscuss the importance of

DISCUSSION Project Communications Discuss the importance of communication and information exchange to project success. What are the crucial features and elements of effective communication and information exchange in suc ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro