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

The first quarterly payment of 750 in a five-year annuity

The first quarterly payment of $750 in a five-year annuity will be paid in 33/4 years from now. Based on a discount rate of 8.25% compounded monthly, what is the present value of the payments today?

In at least 150 words write a discussion post on the

In at least 150 words write a discussion post on the below: The Nielsen Company is one of the world's largest market research companies providing research services to a wide variety of business. For this discussion, you ...

Data analysisconduct a search online and refer to your text

Data Analysis Conduct a search online and refer to your text to help you answer the following Discussion questions: You are a researcher for ABC Inc. The company wants to expand its clothing business to the small develop ...

During the course of your employment you may have

During the course of your employment you may have experienced working for both a male and female supervisor. Discuss from your personal point of view the advantages/disadvantages and like/dislike of working for each gend ...

Challenges globalization presents to internano one can deny

Challenges Globalization Presents to Interna No one can deny that today's world presents unique challenges for the present and future workforce. Politicians, professors, and business professionals all have different opin ...

If iphones and headphones are complements what would happen

If iPhones and headphones are complements. What would happen to supply and demand in both markets when a new study finds that users of iPhones live happier lives?

At the end of 2011 home depots total capitalization

At the end of 2011 Home Depot's total capitalization amounted to$29,031 million. In 2012 debt investors received interest income of$648 million. Net income to shareholders was $4,487 million.(Assume a tax rate of 35%.) C ...

The mathers have settled on how do we get a betterhome as

The Mathers have settled on "How do we get a betterhome" as their problem to solve Identify an alternative problem related to their spaceconstraints that they could choose (remembering Sage'scriteria for problems). Discu ...

Request support in original content please for the

Request support in ORIGINAL CONTENT (please) for the following assignment: Consider this information: In this module's chapters, we see how transportation carriers have continually adjusted their daily routines to increa ...

There is currently a worldwide campaign to reduce the

There is currently a worldwide campaign to reduce the foreign debt of the least-developed countries. Discuss the economic benefits of debt relief for these countries.

  • 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

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate