Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Management Expert

Bob Haskins is purchasing manger for regal products . Each year Regal products builds, a master budget Bob is liable for making a purchasing budget, which he bases on budgeted level of production. Bob carefully plans purchasing cost and raw material inventory levels to meet production requirements.

Each year, Yvonne Lang, president of Regal products, carry out performance, estimation, and bonuses area paid to main employees, comprising Bob, based on meeting budget results. For Past two years, Bob had received small bonus and as been chided by Yvonne for poor planning, specifically, Yvonne has indicated put purchasing department has not maintained. Sufficient levels of raw material inventory as is always in rush to get sufficient levels of raw material inventory and is always in rush to get material, resulting in increased shipping and handling charges. Should frequently pay premium amounts for immediately shipment of materials. In her most recent estimation, Yvonne stated to Bob. Sales department and production department are doing excellent Job. They consistently exceed their budget by 10% or more. I just don't understand why you can't meet your numbers, may be it is time to for some changes around here.

After getting childed by Yvonne Bob went back and look at his budget, He knew he had ordered amount by budget. budget for January and February is as follows.

JANUARY February
Unit sales 300,000 350,000
Add desired ending inventory 35,000 25,000
Subtotal 335,000 375,000
less budget inventory 30,000 35,000
Budgeted production 305,000 340,000
Pounds of Raw material per unit 1.1 1.1
Required pounds of raw material 335,000 374,000
Add Desired ending inventory of raw 37,000 27,5Y00
Less beginning inventory of raw material 33,550 37,400
Total of Raw Material need ( pounds) 339,350 364,100

A. If less sales were 10% higher than budgeted, how many pounds of raw material would Bob require to rush orders each month so he can fulfill demand and needed ending inventory as shown in budget.
B. why does it seems the purchasing department is having trouble meeting it budget.
C. It is suitable to blame BOB for all of purchasing problems?
D. IF Yvonne does make some changes: what changes would you recommend she consider?

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M935780

Have any Question? 


Related Questions in Business Management

Assignment business organizations1sal is a shareholder in

Assignment: Business Organizations 1. Sal is a shareholder in XYZ Corporation. XYZ Corporation made defective products, and many individuals have filed lawsuits due to the defects. As a shareholder, Sal may A. be held pe ...

Employment law case briefusing the internet select and

Employment Law Case Brief Using the Internet, select and research an employment law case no greater than five (5) years old. Write a three to four (3-4) page brief in which you: Summarize the issue of the case, and then ...

The promotion of productsservices is an expense and

The promotion of products/services is an expense, and organisations are conscious of the need to justify expenses that are incurred. This week we have considered a number of integrated marketing communications methods th ...

The human resource environmentstep 1 research and in-depth

The Human Resource Environment Step 1: Research and In-Depth Review Business Analysis Databases Using Library and Internet databases, obtain and review business research reports on Amazon.com.   Provide each in APA forma ...

Question 1 your business must decide whether to make a

Question 1. Your business must decide whether to make a component part in-house or outsource it to an independent supplier. These potential suppliers are in countries whose currency is expected to increase against the U. ...

Assume that the consumption schedule for a private open

Assume that the consumption schedule for a private open economy is such that consumption C = 20 + 0.80Y. Assume further that planned investment Ig and net exports Xn are independent of the level of real GDP and constant ...

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 ...

Projectcontinuous time markov chains pharmacy windows

Project Continuous Time Markov Chains: Pharmacy Windows Design You are hired to design pick-up windows for a pharmacy. Currently there are 3 pharmacists hired in this store. Each worker has been cross trained to perform ...

Would you recommend using the routing table that has a

Would you recommend using the routing table that has a default route or hasn't? Please explain the advantage and disadvantages.

In a study participants were asked to plunge a hand into

In a study, participants were asked to plunge a hand into icy water and keep it there as long as the pain would allow. In one condition, the participants repeated their favorite curse words while their hands were in the ...

  • 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