Operating labour, allow one extra man on days. It is unlikely
that one extra man per shift would be needed to operate
this small plant, and one extra per shift would give
a disproportionately high labour cost.
The Bhopal gas tragedy in 1984 was one of the worst industrial disasters in history. A leak of methyl isocyanate gas and other chemicals from the Union Carbide pesticide plant in Bhopal, India exposed over 500,000 people to toxic gases. Immediate deaths reached over 2,000 and thousands more have since died from injuries or illnesses caused by exposure. Survivors continue to suffer from respiratory disorders, cancer, and reproductive issues due to the toxic contamination. The disaster was caused by failures in safety systems at the plant and corners cut by Union Carbide on safety and maintenance to save money.
Senior managers play an important but indirect role in developing strategy as everyday decisions by divisional, middle, and operational managers determine how resources are allocated and opportunities are pursued. These managers have dispersed knowledge, power, and perspectives that shape strategy in a bottom-up fashion. For strategy to be coherent, senior leaders must understand how decisions are made throughout the organization and intervene when necessary to ensure resource allocation aligns with strategic objectives.
The document provides biographical information about the founding members of the Beatles - John Lennon, Paul McCartney, George Harrison, and Ringo Starr. It describes how the band originally formed in the late 1950s under the name The Quarrymen and went through several name changes before settling on The Beatles. It also summarizes some of their most famous and commercially successful singles from 1962 to 1966, including "Love Me Do", "I Want To Hold Your Hand", "A Hard Day's Night", and "Yellow Submarine".
Chile has an upper middle income economy and ranks highly for competitiveness and human development in Latin America. Copper exports and mining are major pillars of the Chilean economy, with Chile producing 1/3 of the world's copper. Chile also has prosperous agriculture, forestry, and fishing sectors as well as a growing services industry in tourism and finance. Chile has pursued free market economic policies including privatization and free trade agreements that have contributed to its strong economic growth and development.
The document discusses the dangers of nuclear energy at each stage from mining to waste disposal. It notes that radiation levels continually increase at each stage and contaminate large areas. Nuclear accidents can make areas uninhabitable for thousands of years and impact vegetation, agriculture, animals and human health through increased cancer risks and birth defects. While renewable sources like solar and wind are presented as cheaper alternatives that do not pose the same risks, nuclear power is promoted in India due to lucrative business and commission opportunities for foreign companies and politicians.
This document discusses chemical disasters and provides details about the Bhopal disaster. It defines a chemical accident as an event resulting from the release of hazardous substances. It recommends precautions people should take, such as finding out emergency plans and available antidotes. The summary then describes how the 1984 Bhopal disaster in India occurred when toxic methyl isocyanate gas leaked from a Union Carbide pesticide plant, exposing over 500,000 people and killing thousands in the ensuing years.
The Atomic Bombings Of Hiroshima And Nagasakinamelessacorn
The document summarizes the atomic bombings of Hiroshima and Nagasaki. On August 6th, 1945, the U.S. dropped an atomic bomb called Little Boy on Hiroshima, killing 70,000 initially and 130,000 from radiation over 5 years. On August 9th, another bomb called Fat Man was dropped on Nagasaki due to poor weather, killing 40,000 immediately and 60,000 injured. While more powerful, Fat Man caused less damage due to Nagasaki's terrain. These bombings ended World War 2 but began the nuclear era.
The document provides an overview of macroenvironmental factors in Japan. It discusses Japan's demographics, economy, technology, politics, natural environment, and social factors. Examples of how these factors affect major Japanese companies Toyota and Panasonic are also summarized. Japan has an aging population, a strong economy as a major exporter, and leads in robotics and technology innovation. It also faces issues like climate change and resource dependence. Both Toyota and Panasonic benefit from Japan's technological advances but must adapt to changing demographics, economics, and environmental regulations.
The Bhopal gas tragedy in 1984 was one of the worst industrial disasters in history. A leak of methyl isocyanate gas and other chemicals from the Union Carbide pesticide plant in Bhopal, India exposed over 500,000 people to toxic gases. Immediate deaths reached over 2,000 and thousands more have since died from injuries or illnesses caused by exposure. Survivors continue to suffer from respiratory disorders, cancer, and reproductive issues due to the toxic contamination. The disaster was caused by failures in safety systems at the plant and corners cut by Union Carbide on safety and maintenance to save money.
Senior managers play an important but indirect role in developing strategy as everyday decisions by divisional, middle, and operational managers determine how resources are allocated and opportunities are pursued. These managers have dispersed knowledge, power, and perspectives that shape strategy in a bottom-up fashion. For strategy to be coherent, senior leaders must understand how decisions are made throughout the organization and intervene when necessary to ensure resource allocation aligns with strategic objectives.
The document provides biographical information about the founding members of the Beatles - John Lennon, Paul McCartney, George Harrison, and Ringo Starr. It describes how the band originally formed in the late 1950s under the name The Quarrymen and went through several name changes before settling on The Beatles. It also summarizes some of their most famous and commercially successful singles from 1962 to 1966, including "Love Me Do", "I Want To Hold Your Hand", "A Hard Day's Night", and "Yellow Submarine".
Chile has an upper middle income economy and ranks highly for competitiveness and human development in Latin America. Copper exports and mining are major pillars of the Chilean economy, with Chile producing 1/3 of the world's copper. Chile also has prosperous agriculture, forestry, and fishing sectors as well as a growing services industry in tourism and finance. Chile has pursued free market economic policies including privatization and free trade agreements that have contributed to its strong economic growth and development.
The document discusses the dangers of nuclear energy at each stage from mining to waste disposal. It notes that radiation levels continually increase at each stage and contaminate large areas. Nuclear accidents can make areas uninhabitable for thousands of years and impact vegetation, agriculture, animals and human health through increased cancer risks and birth defects. While renewable sources like solar and wind are presented as cheaper alternatives that do not pose the same risks, nuclear power is promoted in India due to lucrative business and commission opportunities for foreign companies and politicians.
This document discusses chemical disasters and provides details about the Bhopal disaster. It defines a chemical accident as an event resulting from the release of hazardous substances. It recommends precautions people should take, such as finding out emergency plans and available antidotes. The summary then describes how the 1984 Bhopal disaster in India occurred when toxic methyl isocyanate gas leaked from a Union Carbide pesticide plant, exposing over 500,000 people and killing thousands in the ensuing years.
The Atomic Bombings Of Hiroshima And Nagasakinamelessacorn
The document summarizes the atomic bombings of Hiroshima and Nagasaki. On August 6th, 1945, the U.S. dropped an atomic bomb called Little Boy on Hiroshima, killing 70,000 initially and 130,000 from radiation over 5 years. On August 9th, another bomb called Fat Man was dropped on Nagasaki due to poor weather, killing 40,000 immediately and 60,000 injured. While more powerful, Fat Man caused less damage due to Nagasaki's terrain. These bombings ended World War 2 but began the nuclear era.
The document provides an overview of macroenvironmental factors in Japan. It discusses Japan's demographics, economy, technology, politics, natural environment, and social factors. Examples of how these factors affect major Japanese companies Toyota and Panasonic are also summarized. Japan has an aging population, a strong economy as a major exporter, and leads in robotics and technology innovation. It also faces issues like climate change and resource dependence. Both Toyota and Panasonic benefit from Japan's technological advances but must adapt to changing demographics, economics, and environmental regulations.
Crown Cork & Seal/CarnaudMetalbox Mergerrapidravi
Crown Cork & Seal/ CarnaudMetalbox Merger:A U.S. packaging firm acquires a French packaging firm with the objective of creating the largest global packaging firm in the world.
The document discusses the U.S. current account deficit and perspectives from various economists on its sustainability. It provides details on how the current account is calculated and its components. The deficit is seen as having both positive and negative impacts in the short and long run. Economists estimate the dollar would need to depreciate significantly, between 10-35%, for the deficit to be eliminated or reduced. The document also examines the largest trade deficit partner countries and steps the U.S. could take to control the situation.
The document discusses different types of industry and factors that influence industrial location. It covers primary, secondary, tertiary and quaternary industries. Key factors in industrial location include availability of raw materials, labor supply, markets, transportation access, capital, energy sources, and government policies. Location theories aim to maximize profits and minimize costs by considering these various economic and transportation factors. Theories discussed include Weber's least-cost model and the concept of agglomeration economies.
This document provides information on Brazil's history, geography, people, and culture. It discusses key points such as Portugal colonizing Brazil in 1500 and it gaining independence in 1822. It was a profitable slave trade destination, receiving 35% of Atlantic slaves. The largest country and population in South America, Brazil varies greatly in climate and ecosystem. While Portuguese is the main language, the people are highly diverse with influences from indigenous, Portuguese, Italian, and African groups. Carnival is a famous cultural celebration highlighting the country's rich folklore and music.
The document summarizes the 1984 Bhopal gas tragedy in India, considered one of the worst industrial disasters. Over 40 tons of methyl isocyanate gas leaked from a Union Carbide pesticide plant in Bhopal, exposing over 500,000 people. Officially, around 4,000 people died immediately and it is estimated that 15,000-25,000 died from related illnesses. Union Carbide was found to have neglected safety systems at the plant, including alarms and scrubbers, and there was a history of prior leaks. The disaster caused immense health effects like respiratory illness and death as well as environmental pollution that continues to this day.
A Case Study On 'The Not-So-Wonderful world of EuroDisneyVipin Sekher
EuroDisney opened in 1992 in France and faced poor financial performance in its first year. This was due to several factors including a lack of market research and cultural awareness by Disney. Disney failed to consider French culture, such as serving alcohol and having larger breakfast options. Europeans also did not vacation as long as Americans. Additionally, the park opened during other popular events that decreased attendance. The document discusses these factors that led to poor performance and suggests remedial measures Disney should have taken, such as considering French characters, food, and lifestyle in its park design and marketing.
The Export-Import Policy of Bangladesh made by shahed shams shetuShahed Shams
This document provides an overview of Bangladesh's export-import policy and trade. It discusses Bangladesh's history of international trade and its status as a founding member of the WTO. It then analyzes Bangladesh's current export-import situation, including its major export and import commodities and trade partners. Finally, it reviews Bangladesh's export-import trends over time and its persistent trade deficit.
The Bhopal gas tragedy was one of the worst industrial disasters in history. On December 3, 1984, a leak of methyl isocyanate gas from a pesticide plant owned by Union Carbide India Limited in Bhopal, Madhya Pradesh exposed over 500,000 people to toxic gases. Estimates vary, but it is believed between 3,000 to 8,000 people died within weeks and thousands more have since died from gas-related illnesses. The gas leak occurred when water accidentally entered a storage tank containing methyl isocyanate, causing a chemical reaction that led the tank's safety valve to burst and release the toxic gases. Inadequate safety systems, negligence by Union Carbide and state governments,
The Bhopal gas tragedy of 1984 was one of the worst industrial disasters, releasing 27 tons of methyl isocyanate gas from a Union Carbide pesticide plant in Bhopal, India. Over 500,000 people were exposed to the toxic gas, resulting in over 20,000 deaths initially and over 120,000 people continuing to suffer health issues. The accident was caused by lapses in safety management at the plant, which exposed the surrounding areas to hazardous chemicals and contaminated the soil and water supply for decades.
Three key constraints on growth and development facing many emerging countries are: 1) weak infrastructure like inadequate power, transport, and water systems that increase business costs and hinder exports; 2) dependence on volatile primary commodity exports that leaves economies vulnerable to price fluctuations; and 3) macroeconomic instability, conflicts, corruption, and poor governance that damage investor confidence and deter investment.
A chemical accident is the unintentional release of hazardous substances that can harm human health or the environment through fires, explosions, leaks or toxic releases. While chemical accidents can occur anytime toxic materials are handled, the most severe accidents tend to be large-scale industrial incidents. The 1984 Bhopal disaster in India, which killed over 3,000 people, remains the worst industrial accident in history due to a leak of methyl isocyanate gas at a Union Carbide pesticide plant.
Completed Winter 2002 as part of the Managerial Accounting requirements for the MBA programme at McMaster University, Hamilton, Canada. http://RobinCheung.ca/
Relevant cost analysis revealed that the Challenger deal could be a lucrative
source of incremental revenues, since the 25,000 additional units could be
produced during plant slack time; however, as a discount value line, the
Challenger program does not align strategically with BBC’s best-cost provider
strategy (Porter, 1980). Further, the initial capital outlay of $787,000 for the
project exceed BBC’s available resources.
It is recommended that BBC pursue a short-term agreement with Hi-Valu or a
competing discount retailer to produce the bicycles on more favourable credit
terms, or to seek distribution of BBC’s normal product line through alternative
retail chains.
The document discusses several major global economic trends and challenges, including:
1) High inflation levels globally due to rising energy and food prices, supply chain disruptions, and tight labor markets have reached multidecade highs in many countries.
2) Debt levels have increased significantly for many countries due to fiscal support during COVID-19, increasing vulnerabilities, and rising interest rates are a challenge.
3) The war in Ukraine has caused millions of refugees in Europe and disruptions to commodity supply chains, exacerbating inflation and uncertainty. Geopolitical tensions and trade fragmentation are ongoing risks.
4) Climate change poses major risks to economies and societies if not adequately addressed through emissions reductions, investments in green
Columdae
www.columdae.com
Our goal is to obtain your business expand in other countries. We are an international agency that supports companies in their trading abroad. Columdae offers a wide range of assistance to help you achieve your goal, whether you are new to selling overseas or you are an experienced exporter trying to break into a new market!
CUSTOMER SEARCH / TRADE MISSION / MARKET INFORMATION /EXHIBITION SERVICE / ESTABILISHMENT / BUSINESS WALL
Work local, trade global!
On April 26, 1986, a reactor explosion at the Chernobyl nuclear power plant in Ukraine released 190 tons of radioactive gases into the atmosphere. The explosion was caused by operator errors during a test. It resulted in a fire that lasted 10 days and spread radiation over much of Europe. Over 7 million people lived in contaminated areas, with thousands dying or suffering long-term health effects from radiation exposure in the following decades. The disaster highlighted issues with the design of the RBMK nuclear reactors and poor safety procedures.
China as an opportunity and a Challenge
Chinese manipulation of trade regulations: Implications for Businesses in Other Countries
India\'s Option to deal with Chinese manipulation of Trade regulations
The Bhopal disaster occurred on the night of December 2-3, 1984 when over 40 tons of toxic methyl isocyanate gas leaked from a pesticide plant owned and operated by Union Carbide India Limited in Bhopal, Madhya Pradesh, India. Over 500,000 people were exposed to the gas, resulting in thousands of deaths in the first few days. Legal proceedings between Union Carbide, the Indian government, and victims ensued for over 25 years, ultimately resulting in a $470 million settlement paid by Union Carbide to the Indian government to compensate victims.
The presentation unpacks the key concepts covered by local content policies in the mining sector. It highlights in particular the key characteristics of local content policies and the link between LCPs and the international trade and investment frameworks.
This document provides information on estimating costs for process plants, including:
- Total capital investment (TCI) includes fixed capital investment (FCI) and working capital (WC)
- Fixed capital investment includes direct costs like equipment and buildings, and indirect costs like engineering
- Total product cost includes direct production costs, fixed charges, overhead, and general expenses
- Various methods are described to estimate costs at different stages of a project from preliminary to detailed
- Examples are given to calculate costs based on information like annual production, sales price, raw material costs
The document summarizes a proposal to optimize off-site service visits. It observes that visits are currently uncoordinated between departments. The proposal is to create a specialized Off-Site Servicing Team to analyze equipment, create a planned visit schedule, and coordinate training. This would reduce mileage, overtime costs, and downtime. The initial budget is £18,500 and costs would be recouped within 2 years through savings of £21,000 per year from reduced mileage, overtime, and improved efficiency. Risks are assessed as low to medium and can be mitigated by contingency planning.
Crown Cork & Seal/CarnaudMetalbox Mergerrapidravi
Crown Cork & Seal/ CarnaudMetalbox Merger:A U.S. packaging firm acquires a French packaging firm with the objective of creating the largest global packaging firm in the world.
The document discusses the U.S. current account deficit and perspectives from various economists on its sustainability. It provides details on how the current account is calculated and its components. The deficit is seen as having both positive and negative impacts in the short and long run. Economists estimate the dollar would need to depreciate significantly, between 10-35%, for the deficit to be eliminated or reduced. The document also examines the largest trade deficit partner countries and steps the U.S. could take to control the situation.
The document discusses different types of industry and factors that influence industrial location. It covers primary, secondary, tertiary and quaternary industries. Key factors in industrial location include availability of raw materials, labor supply, markets, transportation access, capital, energy sources, and government policies. Location theories aim to maximize profits and minimize costs by considering these various economic and transportation factors. Theories discussed include Weber's least-cost model and the concept of agglomeration economies.
This document provides information on Brazil's history, geography, people, and culture. It discusses key points such as Portugal colonizing Brazil in 1500 and it gaining independence in 1822. It was a profitable slave trade destination, receiving 35% of Atlantic slaves. The largest country and population in South America, Brazil varies greatly in climate and ecosystem. While Portuguese is the main language, the people are highly diverse with influences from indigenous, Portuguese, Italian, and African groups. Carnival is a famous cultural celebration highlighting the country's rich folklore and music.
The document summarizes the 1984 Bhopal gas tragedy in India, considered one of the worst industrial disasters. Over 40 tons of methyl isocyanate gas leaked from a Union Carbide pesticide plant in Bhopal, exposing over 500,000 people. Officially, around 4,000 people died immediately and it is estimated that 15,000-25,000 died from related illnesses. Union Carbide was found to have neglected safety systems at the plant, including alarms and scrubbers, and there was a history of prior leaks. The disaster caused immense health effects like respiratory illness and death as well as environmental pollution that continues to this day.
A Case Study On 'The Not-So-Wonderful world of EuroDisneyVipin Sekher
EuroDisney opened in 1992 in France and faced poor financial performance in its first year. This was due to several factors including a lack of market research and cultural awareness by Disney. Disney failed to consider French culture, such as serving alcohol and having larger breakfast options. Europeans also did not vacation as long as Americans. Additionally, the park opened during other popular events that decreased attendance. The document discusses these factors that led to poor performance and suggests remedial measures Disney should have taken, such as considering French characters, food, and lifestyle in its park design and marketing.
The Export-Import Policy of Bangladesh made by shahed shams shetuShahed Shams
This document provides an overview of Bangladesh's export-import policy and trade. It discusses Bangladesh's history of international trade and its status as a founding member of the WTO. It then analyzes Bangladesh's current export-import situation, including its major export and import commodities and trade partners. Finally, it reviews Bangladesh's export-import trends over time and its persistent trade deficit.
The Bhopal gas tragedy was one of the worst industrial disasters in history. On December 3, 1984, a leak of methyl isocyanate gas from a pesticide plant owned by Union Carbide India Limited in Bhopal, Madhya Pradesh exposed over 500,000 people to toxic gases. Estimates vary, but it is believed between 3,000 to 8,000 people died within weeks and thousands more have since died from gas-related illnesses. The gas leak occurred when water accidentally entered a storage tank containing methyl isocyanate, causing a chemical reaction that led the tank's safety valve to burst and release the toxic gases. Inadequate safety systems, negligence by Union Carbide and state governments,
The Bhopal gas tragedy of 1984 was one of the worst industrial disasters, releasing 27 tons of methyl isocyanate gas from a Union Carbide pesticide plant in Bhopal, India. Over 500,000 people were exposed to the toxic gas, resulting in over 20,000 deaths initially and over 120,000 people continuing to suffer health issues. The accident was caused by lapses in safety management at the plant, which exposed the surrounding areas to hazardous chemicals and contaminated the soil and water supply for decades.
Three key constraints on growth and development facing many emerging countries are: 1) weak infrastructure like inadequate power, transport, and water systems that increase business costs and hinder exports; 2) dependence on volatile primary commodity exports that leaves economies vulnerable to price fluctuations; and 3) macroeconomic instability, conflicts, corruption, and poor governance that damage investor confidence and deter investment.
A chemical accident is the unintentional release of hazardous substances that can harm human health or the environment through fires, explosions, leaks or toxic releases. While chemical accidents can occur anytime toxic materials are handled, the most severe accidents tend to be large-scale industrial incidents. The 1984 Bhopal disaster in India, which killed over 3,000 people, remains the worst industrial accident in history due to a leak of methyl isocyanate gas at a Union Carbide pesticide plant.
Completed Winter 2002 as part of the Managerial Accounting requirements for the MBA programme at McMaster University, Hamilton, Canada. http://RobinCheung.ca/
Relevant cost analysis revealed that the Challenger deal could be a lucrative
source of incremental revenues, since the 25,000 additional units could be
produced during plant slack time; however, as a discount value line, the
Challenger program does not align strategically with BBC’s best-cost provider
strategy (Porter, 1980). Further, the initial capital outlay of $787,000 for the
project exceed BBC’s available resources.
It is recommended that BBC pursue a short-term agreement with Hi-Valu or a
competing discount retailer to produce the bicycles on more favourable credit
terms, or to seek distribution of BBC’s normal product line through alternative
retail chains.
The document discusses several major global economic trends and challenges, including:
1) High inflation levels globally due to rising energy and food prices, supply chain disruptions, and tight labor markets have reached multidecade highs in many countries.
2) Debt levels have increased significantly for many countries due to fiscal support during COVID-19, increasing vulnerabilities, and rising interest rates are a challenge.
3) The war in Ukraine has caused millions of refugees in Europe and disruptions to commodity supply chains, exacerbating inflation and uncertainty. Geopolitical tensions and trade fragmentation are ongoing risks.
4) Climate change poses major risks to economies and societies if not adequately addressed through emissions reductions, investments in green
Columdae
www.columdae.com
Our goal is to obtain your business expand in other countries. We are an international agency that supports companies in their trading abroad. Columdae offers a wide range of assistance to help you achieve your goal, whether you are new to selling overseas or you are an experienced exporter trying to break into a new market!
CUSTOMER SEARCH / TRADE MISSION / MARKET INFORMATION /EXHIBITION SERVICE / ESTABILISHMENT / BUSINESS WALL
Work local, trade global!
On April 26, 1986, a reactor explosion at the Chernobyl nuclear power plant in Ukraine released 190 tons of radioactive gases into the atmosphere. The explosion was caused by operator errors during a test. It resulted in a fire that lasted 10 days and spread radiation over much of Europe. Over 7 million people lived in contaminated areas, with thousands dying or suffering long-term health effects from radiation exposure in the following decades. The disaster highlighted issues with the design of the RBMK nuclear reactors and poor safety procedures.
China as an opportunity and a Challenge
Chinese manipulation of trade regulations: Implications for Businesses in Other Countries
India\'s Option to deal with Chinese manipulation of Trade regulations
The Bhopal disaster occurred on the night of December 2-3, 1984 when over 40 tons of toxic methyl isocyanate gas leaked from a pesticide plant owned and operated by Union Carbide India Limited in Bhopal, Madhya Pradesh, India. Over 500,000 people were exposed to the gas, resulting in thousands of deaths in the first few days. Legal proceedings between Union Carbide, the Indian government, and victims ensued for over 25 years, ultimately resulting in a $470 million settlement paid by Union Carbide to the Indian government to compensate victims.
The presentation unpacks the key concepts covered by local content policies in the mining sector. It highlights in particular the key characteristics of local content policies and the link between LCPs and the international trade and investment frameworks.
This document provides information on estimating costs for process plants, including:
- Total capital investment (TCI) includes fixed capital investment (FCI) and working capital (WC)
- Fixed capital investment includes direct costs like equipment and buildings, and indirect costs like engineering
- Total product cost includes direct production costs, fixed charges, overhead, and general expenses
- Various methods are described to estimate costs at different stages of a project from preliminary to detailed
- Examples are given to calculate costs based on information like annual production, sales price, raw material costs
The document summarizes a proposal to optimize off-site service visits. It observes that visits are currently uncoordinated between departments. The proposal is to create a specialized Off-Site Servicing Team to analyze equipment, create a planned visit schedule, and coordinate training. This would reduce mileage, overtime costs, and downtime. The initial budget is £18,500 and costs would be recouped within 2 years through savings of £21,000 per year from reduced mileage, overtime, and improved efficiency. Risks are assessed as low to medium and can be mitigated by contingency planning.
The document describes key concepts in managerial and financial accounting. It defines the differences between managerial and financial accounting in terms of users, reports, purpose, and verification. It also defines cost concepts like direct/indirect costs, fixed/variable costs, product costs, and period costs. Finally, it illustrates how to prepare key accounting statements for a manufacturing business, including the statement of cost of goods manufactured, income statement, and balance sheet.
The document is a multi-page exam problem for a cost accounting course. It provides extensive information on the transactions and inventory of Cedarwood Inc., a furniture manufacturer, during November 2011. Students are asked to prepare journal entries, calculate ending inventory amounts, and prepare an income statement based on the information provided. The problem also includes additional questions on overhead allocation and standard costing for other sample companies.
The document provides information about a cost accounting exam for a furniture company named Cedarwood Inc. It includes multiple problems with various accounting transactions during the month of November. The summary is:
1. Cedarwood Inc uses a job order costing system and is provided work in process and finished goods inventory amounts at the start of November.
2. The company had various transactions during November including purchasing raw materials, issuing materials to jobs, paying salaries, and selling finished jobs.
3. The problems require preparing journals, calculating inventory amounts, income statement, and analyzing overhead allocation methods.
Project feasibilty report on Pricision Auto pistons aniket kulkarniANIKET KULKARNI
It Is the project feasibility report of Precision auto pistons. so in that report it is given that what needs to be done in order to open a auto mobile manufacturing company. how these analysis is to be done.
This presentation summarizes a proposed Rs. 48 lakh project to establish a chicken processing facility. The project would process 7,000 chickens per day at full capacity. Key details include an implementation schedule of 12 months, production capacity of 10,000 chickens per day, and 25 employees. Financial analysis estimates annual recurring costs of Rs. 81.48 lakh but also annual sales of Rs. 146.28 lakh, yielding a net profit of Rs. 52.63 lakh and a break-even point of 34,000 chickens (approximately 5 cycles to break even). The presentation concludes the project is feasible and could achieve break-even within the first year.
* Factory Overhead for the budget period = Rs. 60,000
* Direct Material cost for the budget period = Rs. 2,40,000
* Percentage of Direct Material cost = (Factory Overhead/Direct Material cost) x 100
= (60,000/2,40,000) x 100 = 25%
Therefore, the percentage of direct material cost method will allocate overheads at 25% of the direct material cost of each production order or job.
SE 307-CHAPTER_9_PROJECT_CASH_FLOW_ANALYSIS.pptAishaKhan527933
This document discusses project cash flow analysis for a manufacturing company. It provides definitions for different types of costs including direct materials, direct labor, manufacturing overhead, non-manufacturing overhead, marketing, and administrative costs. It also defines fixed, variable, and mixed costs. An example is provided to calculate average unit cost. The document then provides an example cash flow analysis for a project to install a new computer control system over 5 years. It shows the income statement, cash flow statement, and calculates that the project has a 22.55% internal rate of return, making it justified above the 15% minimum acceptable rate of return.
The document discusses job costing, which is a product costing method used for unique products made to customer specifications. It describes job costing systems, different costing methods (actual, normal, standard), and reasons why normal and standard costing are preferable to actual costing. The document also provides examples of job costing sheets and case studies calculating costs for different job orders.
This document provides an overview of a project report for establishing a copper sulphate manufacturing plant. Some key points:
- Copper sulphate is widely used as a fungicide in agriculture and demand is directly linked to agricultural development.
- The Indian pesticide industry is targeting a 10% share of the global market and exports are growing at 15% annually. Copper sulphate demand is also increasing for use as a growth stimulant and preventative for food-borne illnesses.
- The project report would provide details on the market, manufacturing process, machinery requirements, land and building costs, financial projections, and profitability analysis for a proposed copper sulphate manufacturing plant.
- The
Thermocol Cups, Glass and Plates - Market Survey cum Detailed Techno Economic...Ajjay Kumar Gupta
Thermocol is formed by the synthesizing of spherical particles consisting of air (at a rate of 98%) contained within an infinite number of hollow cells. These cells, forming a structure of pellets fused together, give consistency and rigidity to the final product. The advantages are many: the product’s manufacturer requires very little energy, thereby allowing full weight to be given to ecological consideration. Of fundamental importance is the treatment with the vapor, which, as well as having a technical function during the manufacturing process, renders the product hygienic through sterilization. Thermocol is a good resister of cold and heat but since it is a petroleum product it dissolves in any solvent of petroleum.
Contact us:
Niir Project Consultancy Services
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New Delhi-110007, India.
Email: npcs.ei@gmail.com , info@entrepreneurindia.co
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Website: www.entrepreneurindia.co , www.niir.org
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The document discusses methods for estimating total product costs for a manufacturing plant. It describes how total product costs are calculated and categorized, including manufacturing costs and general expenses. Manufacturing costs include direct production costs, fixed charges, and plant overhead costs. Direct production costs make up the largest portion at 66% of total product costs and include raw materials, labor, utilities, and maintenance. The document provides examples and percentages for how different cost elements are typically estimated within each category of total product costs.
This document discusses various methods for estimating capital costs for industrial projects. It provides equations and percentages for estimating costs of major cost components like equipment, piping, construction, etc. It also discusses factors that influence cost estimates like plant capacity, material of construction, location indices. Costs are classified as fixed, variable, direct, indirect. Methods covered include index-based cost adjustment, factor rating based on capacity, step-counting based on process units.
Diamond Chemicals plc (A): The Merseyside ProjectJatin Jain
The controller at Diamond Chemicals wants to pass a 9 million pound project to increase production capacity, but there are issues with the discount rate used, treatment of engineering costs, including costs of a related EPC project and parent company's investment, temporary loss of customers during the shutdown, and concerns about sales projections due to the recession. A treasury analyst and various managers provide feedback on these issues and suggest adjustments to the assumptions and calculations to provide a more accurate analysis of the project's costs and potential returns.
The slides provide for the fundamental principles and calculations of cost accounting. It is useful for the foundation levels. People to go through these slides must expect the very basics of cost accounting. Also it does not only provide for the fundamentals, but it also gives more complex calculations, which are well explained.
PGBM01 - MBA Financial Management And Control (2015-16 Trm1 A) Lecture 8 sho...Aquamarine Emerald
The document provides an overview of short-term decision making techniques, including characteristics, the decision-making cycle, and qualitative factors. It discusses techniques like working capital management, product mix decisions, and make-or-buy decisions. For make-or-buy decisions, it uses an example of the Essex Company to illustrate how to evaluate whether to produce a part internally or purchase it from a supplier by considering only relevant costs.
This document discusses product costing and job costing concepts. It defines manufacturing costs as consisting of direct and indirect costs. Direct costs such as raw materials and labor are directly linked to a product, while indirect costs such as factory rent are not directly linked but must be included. Costs can also be classified as fixed, variable, or mixed based on how they change with production levels. The document provides examples of how to calculate overhead absorption rates and determine under- or over-absorbed overhead. It also discusses cost allocation, absorption, and apportionment across multiple cost centers. Practice questions at the end provide examples of calculating product costs and overhead rates for jobs and multiple departments.
Taxes imposed on the earnings of organizations and individuals are income taxes. Marginal tax rate and flat tax rate. Marginal tax rates are harmful to the economy.
The money returned to the owners of capital for use of their capital.
Compound interest is the result of reinvesting interest, rather than paying it out.
Quotation of interest rates
This document discusses various methods for evaluating project profitability and investment decisions. It describes quantitative measures like return on investment, return on average investment, payback period, net present worth, and internal rate of return. It also discusses qualitative, intangible factors like employee morale, safety, corporate image, and management goals. The document provides definitions and limitations of different profitability measures. It categorizes project types and notes profitability is difficult to define but important for decision making and maximizing returns on investment.
Tax is a mandatory financial charge, Property taxes, Excise taxes, Income taxes. Capital-gains tax is levied on profits made from the sale of capital assets. Self-insurance is a risk management method
The document outlines various indirect costs associated with purchasing miscellaneous equipment, including design and engineering costs estimated at 20-30% of direct capital costs, contractor's fees of 5-10% of direct capital costs, and a contingency allowance of 5-10% for issues like labor disputes or weather. The total physical plant cost is the sum of direct costs and these indirect costs.
The document summarizes the components and cost factors involved in purchasing plate and packed towers for mass transfer equipment. The purchased cost can be divided into the shell cost, internals cost like trays and packing, and auxiliary costs. The purchased cost is calculated as the bare cost from figures multiplied by a material factor and pressure factor. Figures are provided showing examples of tray types and cross-sectional views of plate and packed towers.
basic information that should be supplied to a fabricator in order to obtain a price estimate or firm quotation on a proposed heat exchanger (Process Information, Mechanical Information)
Manufacturing costs per capital investment.Manufacturing costs are: Variable production costs, fixed charges, and plant-overhead.
Direct and indirect production cost. Plant overhead costs. Administrative costs. Distribution and marketing costs. Research and development costs
Capital cost estimate classifications, Chemical industry. Turnover ratio.
Total product are manufacturing cost and general expenses. product costs are calculated on:
daily basis, unit-of-product basis, or, annual basis
Cost Indices, change in cost over time. Cost indexes are maintained in areas such as construction, chemical and mechanical industries. Lang’s method , Hand method.
Capital needed to supply the necessary manufacturing and
plant facilities. Estimation of capital investment.
Order-of-magnitude estimates, 6-10th's rule, Price indices,
Cash flow, cash flow diagram and industry. Cost estimation is required to provide reliable decisions.Price fluctuations, company policies, governmental regulations
Time value of money is measured by interest rates. Money has time value because it can earn more over time through interest (earning power) and its purchasing power changes with inflation. The present value of a future amount can be calculated using the present value formula, which takes into account the discount rate and number of periods until receipt. As time passes, the value of assets invested in a project will change. Assets are items owned that have future economic benefit and are divided into tangible assets with physical form and intangible assets without physical form.
The document discusses engineering economics and its importance for chemical engineers. It provides three key objectives of engineering economics: 1) to assess the appropriateness of a given project, 2) to estimate its value, and 3) to justify it from an engineering standpoint. The document then analyzes several potential reaction processes for producing vinyl chloride and calculates the gross profit that could be made from each based on raw material and product prices. Reaction 3, which converts ethylene and chlorine into vinyl chloride and hydrogen chloride, is identified as the most profitable option.
The scientific method is a set of procedures used to develop explanations of natural phenomena and possibly to predict additional phenomena. For example,
The average temperature of seawater increases, the seawater will become less dense, its volume will increase, and sea level will rise even if no continental ice melts.
Communicating effectively and consistently with students can help them feel at ease during their learning experience and provide the instructor with a communication trail to track the course's progress. This workshop will take you through constructing an engaging course container to facilitate effective communication.
Temple of Asclepius in Thrace. Excavation resultsKrassimira Luka
The temple and the sanctuary around were dedicated to Asklepios Zmidrenus. This name has been known since 1875 when an inscription dedicated to him was discovered in Rome. The inscription is dated in 227 AD and was left by soldiers originating from the city of Philippopolis (modern Plovdiv).
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UPRAHUL
This Dissertation explores the particular circumstances of Mirzapur, a region located in the
core of India. Mirzapur, with its varied terrains and abundant biodiversity, offers an optimal
environment for investigating the changes in vegetation cover dynamics. Our study utilizes
advanced technologies such as GIS (Geographic Information Systems) and Remote sensing to
analyze the transformations that have taken place over the course of a decade.
The complex relationship between human activities and the environment has been the focus
of extensive research and worry. As the global community grapples with swift urbanization,
population expansion, and economic progress, the effects on natural ecosystems are becoming
more evident. A crucial element of this impact is the alteration of vegetation cover, which plays a
significant role in maintaining the ecological equilibrium of our planet.Land serves as the foundation for all human activities and provides the necessary materials for
these activities. As the most crucial natural resource, its utilization by humans results in different
'Land uses,' which are determined by both human activities and the physical characteristics of the
land.
The utilization of land is impacted by human needs and environmental factors. In countries
like India, rapid population growth and the emphasis on extensive resource exploitation can lead
to significant land degradation, adversely affecting the region's land cover.
Therefore, human intervention has significantly influenced land use patterns over many
centuries, evolving its structure over time and space. In the present era, these changes have
accelerated due to factors such as agriculture and urbanization. Information regarding land use and
cover is essential for various planning and management tasks related to the Earth's surface,
providing crucial environmental data for scientific, resource management, policy purposes, and
diverse human activities.
Accurate understanding of land use and cover is imperative for the development planning
of any area. Consequently, a wide range of professionals, including earth system scientists, land
and water managers, and urban planners, are interested in obtaining data on land use and cover
changes, conversion trends, and other related patterns. The spatial dimensions of land use and
cover support policymakers and scientists in making well-informed decisions, as alterations in
these patterns indicate shifts in economic and social conditions. Monitoring such changes with the
help of Advanced technologies like Remote Sensing and Geographic Information Systems is
crucial for coordinated efforts across different administrative levels. Advanced technologies like
Remote Sensing and Geographic Information Systems
9
Changes in vegetation cover refer to variations in the distribution, composition, and overall
structure of plant communities across different temporal and spatial scales. These changes can
occur natural.
Chapter wise All Notes of First year Basic Civil Engineering.pptxDenish Jangid
Chapter wise All Notes of First year Basic Civil Engineering
Syllabus
Chapter-1
Introduction to objective, scope and outcome the subject
Chapter 2
Introduction: Scope and Specialization of Civil Engineering, Role of civil Engineer in Society, Impact of infrastructural development on economy of country.
Chapter 3
Surveying: Object Principles & Types of Surveying; Site Plans, Plans & Maps; Scales & Unit of different Measurements.
Linear Measurements: Instruments used. Linear Measurement by Tape, Ranging out Survey Lines and overcoming Obstructions; Measurements on sloping ground; Tape corrections, conventional symbols. Angular Measurements: Instruments used; Introduction to Compass Surveying, Bearings and Longitude & Latitude of a Line, Introduction to total station.
Levelling: Instrument used Object of levelling, Methods of levelling in brief, and Contour maps.
Chapter 4
Buildings: Selection of site for Buildings, Layout of Building Plan, Types of buildings, Plinth area, carpet area, floor space index, Introduction to building byelaws, concept of sun light & ventilation. Components of Buildings & their functions, Basic concept of R.C.C., Introduction to types of foundation
Chapter 5
Transportation: Introduction to Transportation Engineering; Traffic and Road Safety: Types and Characteristics of Various Modes of Transportation; Various Road Traffic Signs, Causes of Accidents and Road Safety Measures.
Chapter 6
Environmental Engineering: Environmental Pollution, Environmental Acts and Regulations, Functional Concepts of Ecology, Basics of Species, Biodiversity, Ecosystem, Hydrological Cycle; Chemical Cycles: Carbon, Nitrogen & Phosphorus; Energy Flow in Ecosystems.
Water Pollution: Water Quality standards, Introduction to Treatment & Disposal of Waste Water. Reuse and Saving of Water, Rain Water Harvesting. Solid Waste Management: Classification of Solid Waste, Collection, Transportation and Disposal of Solid. Recycling of Solid Waste: Energy Recovery, Sanitary Landfill, On-Site Sanitation. Air & Noise Pollution: Primary and Secondary air pollutants, Harmful effects of Air Pollution, Control of Air Pollution. . Noise Pollution Harmful Effects of noise pollution, control of noise pollution, Global warming & Climate Change, Ozone depletion, Greenhouse effect
Text Books:
1. Palancharmy, Basic Civil Engineering, McGraw Hill publishers.
2. Satheesh Gopi, Basic Civil Engineering, Pearson Publishers.
3. Ketki Rangwala Dalal, Essentials of Civil Engineering, Charotar Publishing House.
4. BCP, Surveying volume 1
Philippine Edukasyong Pantahanan at Pangkabuhayan (EPP) CurriculumMJDuyan
(𝐓𝐋𝐄 𝟏𝟎𝟎) (𝐋𝐞𝐬𝐬𝐨𝐧 𝟏)-𝐏𝐫𝐞𝐥𝐢𝐦𝐬
𝐃𝐢𝐬𝐜𝐮𝐬𝐬 𝐭𝐡𝐞 𝐄𝐏𝐏 𝐂𝐮𝐫𝐫𝐢𝐜𝐮𝐥𝐮𝐦 𝐢𝐧 𝐭𝐡𝐞 𝐏𝐡𝐢𝐥𝐢𝐩𝐩𝐢𝐧𝐞𝐬:
- Understand the goals and objectives of the Edukasyong Pantahanan at Pangkabuhayan (EPP) curriculum, recognizing its importance in fostering practical life skills and values among students. Students will also be able to identify the key components and subjects covered, such as agriculture, home economics, industrial arts, and information and communication technology.
𝐄𝐱𝐩𝐥𝐚𝐢𝐧 𝐭𝐡𝐞 𝐍𝐚𝐭𝐮𝐫𝐞 𝐚𝐧𝐝 𝐒𝐜𝐨𝐩𝐞 𝐨𝐟 𝐚𝐧 𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫:
-Define entrepreneurship, distinguishing it from general business activities by emphasizing its focus on innovation, risk-taking, and value creation. Students will describe the characteristics and traits of successful entrepreneurs, including their roles and responsibilities, and discuss the broader economic and social impacts of entrepreneurial activities on both local and global scales.
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...PECB
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His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
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2. Indirect costs
The indirect costs are estimated as a function of the direct costs.
1. Design and engineering costs
cost of design and the cost of
“engineering” the plant:
purchasing, procurement
and construction supervision.
20 -30 % of
the direct capital costs.
2. Contractor’s fees
5-10 % of
direct capital cost
3. Contingency allowance
labour disputes,
design errors,
adverse weather
5 -10 % of
of the direct costs.
4. Estimation of fixed capital cost
Direct Costs
Fluids processing plant, PCE £130,000
f1 Equipment erection 0.40
f3 Instrumentation 0.20
f4 Electrical 0.10
f5 Buildings none required
f6 Utilities not applicable
f7 Storages provided in PCE
f8 Site development not applicable
f9 Ancillary buildings none required
f2 Piping 0.70
5. f10 Design and Engineering 0.30
f11 Contractor’s Fee none
(unlikely to be used for a small, plant project)
f12 Contingencies 0.10
Working capital
allow 5% of fixed capital to cover the cost of the initial solvent charge
6.
7. Operating Cost
Operating time
Variable costs:
1. Raw materials, solvent make-up = 10 * 347 * 400/1000 = £ 1388
2. Miscellaneous materials, 10% of maintenance cost (item 5) = £ 2200
3. Utilities, cost from Table 6.5:
Steam, at 7£/t = 7 * 8328 * 200/1000 = £11,659
Cooling water, at 1.5 p/t = (1.5/100) * 8328 * 5000/1000 = £ 625
Power, at 1.2 p/MJ = 1.2/100 * 360 * 347 = £ 1499
4. Shipping and packaging not applicable
Variable costs = £17,371
8. Fixed costs:
5. Maintenance, take as 5% of fixed capital = 445,000 * 0.05 = £22,250
6. Operating labour, allow one extra man on days. It is unlikely
that one extra man per shift would be needed to operate
this small plant, and one extra per shift would give
a disproportionately high labour cost.
Say, £30,000 per year, allowing for overheads = £30,000
7. Supervision, no additional supervision would be needed
8. Plant overheads, take as 50% of operating labour = £15,000
9. Laboratory, take as 30% of operating labour = £ 9000
10. Capital charges, 6% of fixed capital (bank rate 4%) £26,700
11. Insurance, 1% of fixed capital £ 4450
12. Local taxes neglect
13. Royalties not applicable
9. Direct production costs = 17,396 + 107,400 = £124,796
14. Sales expense not applicable
15. General overheads not applicable
16. Research and development not applicable
Annual operating cost, rounded = £125,000
10. Following books were used in preparation of notes
Blank, L., Tarquin. A. 2005. Engineering Economy. 6th Edition, McGraw-Hill.
Eschenbach, T. G. 2003. Engineering Economy”, 2nd Edition, Oxford University Press
Riggs, J. L., Bedworth, D. D., Randhawa, S. U. 1996. Engineering Economics”, 4th Edition, Tata McGraw-Hill.
Riggs, J. L., West. T. M. 1986. Essentials of Engineering Economics”, 2nd Edition, McGraw-Hill.
Peter, M. S., Timmerhaus, K. D. 1991. Plant Design and Economics for Chemical Engineers. 4th Edition, McGraw-Hill.