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

Based on your reading of the article the missing link

Based on your reading of the article "The Missing Link: Measuring and Managing the Financial Performance of the Human Capital Investment", answer the following questions in a 2-3 page APAstyle paper. 1. Why is it importa ...

Biff has 3 clothing stores in the city and wants to install

Biff has 3 clothing stores in the city and wants to install a new software system that connects the stores inventory and general ledger. He currently has 3 stand-alone systems in each store. Should he use parallel, plung ...

Read the following article from the required reading

Read the following article from the required reading assignment: Preston, G., Moon, J., Simon, R., Allen, S., & Kossi, E. (2015). The relevance of emotional intelligence in project leadership. Journal of Information Tech ...

A regional sales manager suspected that one of her customer

A regional sales manager suspected that one of her customer was having financial troubles. However, she was reluctant to mention it to her superior because she felt that she could be wrong. She kept quiet for several mon ...

1 what are ethics and how do ethics apply to business2 what

1. What are ethics, and how do ethics apply to business? 2. What situation would qualify as an exception to the copyright law? 3. What is privacy? 4. What is pirated software?

Monetary stimulus in the form of lower interest rates is an

Monetary stimulus in the form of lower interest rates is an alternative to the fiscal stimulus of increased government spending. If a 0.1 point change in interest rates has the stimulus impact of $10 billion in spending, ...

Austins commonplaces of lawbased on your reading of the

Austin's Commonplaces of Law Based on your reading of the Introduction, describe the three commonplaces of law and create examples to illustrate the meaning of each commonplace.

Concept paperyou have been put in charge of the database

Concept Paper You have been put in charge of the database systems for a large banking institution. You need to devise an extensive security strategy and backup management plan. Develop your documentation to include the s ...

Assignmentteam exploring business success strategies web

Assignment Team: Exploring Business Success Strategies Web Exercise Average 750 to 900 words. BMW / Toyota / Volkswagen financial year 2015. VW https://finance.yahoo.com/quote/VWA.AS/financials?p=VWA.AS BMW https://finan ...

What does the term 10100 refer to with respect to a network

What does the term 10/100 refer to with respect to a network interface card?

  • 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