Business, 26.03.2021 23:20 berlyntyler

Your supervisor has asked you to prepare some calculations based on the company’s data and then research publicly available similar competitor information to see how your company is performing within the industry. Your company, CarryIt Inc., produces mass quantity, inexpensive tote bags for promotional marketing purposes, which is a very competitive business. Here is the available data for your company: Labor hours .25 Labor rate $11.75/hour Materials input .5 yds. fabric Materials price $1.50/yd. Variable overhead rate $5.00 per direct labor hour You are also able to find an industry profile report via a Dun & Bradstreet database that has selected data from a few other companies in similar businesses as well as some industry statistics. Here’s the data available: Unit Variable Cost Item Star Company GoldBag Corporation PromoTotes LLC Industry Data Labor hours .35 .20 .30 .30 Labor rate $11.25 $11.95 $12.50 $11.65 Materials input .45 yds. .675 yds. .50 yds. .55 yds. Materials price $1.65/yd. $1.35/yd. $1.55/yd. $1.50/yd. Variable OH rate $6.00 per direct labor hour $5.25 per direct labor hour $4.70 per direct labor hour $5.45 per direct labor hour For your task, in Microsoft Excel, compute the following measures: Total variable cost per unit for CarryIt, the competitors, and the industry average. 1. What is the percentage of the total for each component (materials, labor, and variable overhead)? Assume industry data is your benchmark. 2. What are the price and efficiency variances for direct materials and direct labor for each company? 3. What is the percentage over standard by company and by variance?

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 23:30

Acompany is developing a new highperformance wax for cross country ski racing. in order to justify the price marketingwants, the wax needs to be very fast. specifically, the mean time to finish their standard test course should be less thanseconds for a former olympic champion. to test it, the champion will ski the course 8 times. the champion's times(selected at random) are 59.9 61.9 48.8 52.2 46.6 45.3 50.6 and 41.1 seconds to complete the test course. complete parts a and b below.a) should they market the wax? assume the assumptions and conditions for appropriate hypothesis testing are metfor the sample.assume=0.05. what are the null and alternative hypotheses? choose the correct answer below.b) suppose they decide not to market the wax after the test, but it turns out that the wax really does lower the champion'saverage time to less thanseconds. what kind of error have they made? explain the impact to the company of such anerror.

Answers: 2

Answer

Business, 22.06.2019 01:40

Kis the insured and p is the sole beneficiary on a life insurance policy. both are involved in a fatal accident where k dies before p. under the common disaster provision, which of these statements is true?

Answers: 1

Answer

Business, 22.06.2019 03:00

Insurance companies have internal controls in place to protect assets, monitor the accuracy of accounting records and encourage operational efficiencies and adherence to policies. these internal controls are generally of two types: administrative controls and accounting controls. administrative controls are the policies and procedures that guide the daily actions of employees. accounting controls are the policies and procedures that delineate authorizations of financial transactions that are done, safeguard assets, and provide reports on the companyâ€™s financial status in a reliable and timely manner. internal controls should include both preventative and detective controls. the purpose of preventative controls is to stop problems and errors before they occur. detective controls identify problems after they have occurred. preventative controls are usually more effective at reducing problems, but they also tend to be more expensive. internal controls must be flexible to adjust for changes in laws and regulations in addition to adding new products or modifying current ones. companies must also do regular analyses to ensure that the benefits of implementing the controls are worth their costs. when concerned about paying unwarranted insurance claims which type of control would be useful?

Answers: 2

Answer

Business, 23.06.2019 17:40

What should an entrepreneur try to convey to a venture capitalist during a pitch to try to get him or her to invest in the entrepreneur's company or idea?

Answers: 1

Answer

You know the right answer?

Your supervisor has asked you to prepare some calculations based on the company’s data and then rese...

Questions