Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Operation Research Expert

Important information about Responsibility Centers

Using the figures below for each performance center, comparing 2005 actual results with the budgeted results.

Using the four responsibility centers of cost, revenue, profit, and investment:

What cost measurements are used for each of these centers?

Which centers performed better than budget, and which performed worse than budget?

What are the main causes for the performance of each center?

Here are the performance numbers for each workcenter.

Center Actual (2005) Budget Variance

Cost $325,000 $313,000 +$12,000

Revenue $5,050,000 $5,220,000 - $170,000

Profit $1,419,300 $1,544,500 - $115,200

Investment $1,673,000 $1,671,000 + $ 2,000

Operation Research, Management Studies

  • Category:- Operation Research
  • Reference No.:- M928043

Have any Question? 


Related Questions in Operation Research

A critical review on use of operations research for

A critical review on use of Operations Research for Decision Making

Consider the following scenarioyou have held conversations

Consider the following scenario: You have held conversations with Precision Part's leaders and obtained the following information, which you want to use in the development of a 4-year strategic management plan. PPQ Parts ...

Michael has decided to invest 40000 in three types of funds

Michael has decided to invest $40,000 in three types of funds. Fund A has projected an annual return of 8 percent, Fund B has projected an annual return of 10 percent, and Fund C has projected an annual return of 9 perce ...

The reading assignments in module 1 plus the lecture

The reading assignments in Module 1, plus the lecture, present an introductory framework for the project management office (PMO). Explain the key distinction between the PMO and project management. Respond to one of the ...

Short essays no required length1 discuss how occupational

Short essays (no required length) 1. Discuss how occupational safety and health laws and regulations are established, implemented and possibly altered. 2. Compare and contrast this with the establishment of environmental ...

A 75-year-old female is an inpatient in bed 1 of room 10 on

A 75-year-old female is an inpatient in bed #1 of Room 10 on a medical telemetry unit. She has been admitted for pneumonia. She is slightly confused. No family is with her in the hospital at this time. The nurse introduc ...

Please explain how each department in a company could

Please explain how each department in a company could approach assessing customer expectations of a new product launch product. Describe how to use a TQM approach for fulfilling customer expectations associated with a ne ...

In this discussion forum you will discuss the implications

In this discussion forum, you will discuss the implications of not having a clear and precise scope of the project, and why it needs to be approved by higher management. Also discuss the importance of listing, sequencing ...

The agile approach towards system analysis and development

The agile approach towards system analysis and development emphasizes iterative and incremental development, in which requirements and solutions evolve through collaboration. Prepare a 1000 word essay on the requirements ...

Directions the assignment focuses on your own understanding

DIRECTIONS The assignment focuses on your own understanding of the team's group project. Early in the conceptual phase of a new product, team members should begin to think about all of the things that need to be done to ...

  • 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

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

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen