Canty International designed a new wall covering called Decoline to meet the needs of Bryant Inns. Decoline has an innovative techno-fabric covering cemented to a bamboo fiber core, with an estimated 10 year service life. The case analyzes pricing strategies for Decoline, considering costs, market testing, and educating customers on the product's long lifespan to justify its price. It recommends using a cost of ownership pricing method to show customers the product's value over multiple purchases of competitors' products.
Crystal Lattice produces exercise mats and has spare annual capacity of 2,000 mats. Resteasy hotel chain placed a one-time order for 3,000 mats at $90 per mat instead of the normal $100 price. Accepting the order would earn a contribution margin of $50 per mat compared to $60 normally, for a net benefit of $70,000 after factoring in the $20,000 cost of an embossing machine needed for the order. Qualitative factors like reactions from other customers and Resteasy's potential as a long-term customer should also be considered before accepting the order.
The document discusses several operational decision making topics:
1. Opportunity costs consider the value of alternatives forgone by selecting one option over another, like outsourcing component manufacturing and using the freed up capacity.
2. Avoidable costs are expenses eliminated by outsourcing an activity, which reduces costs in decision making.
3. Fixed costs are often irrelevant in tactical decision making if infrastructure does not change, but they must be considered if capacity is limited.
The document shows adjusting entries made at the end of the month. These include reclassifying prepaid insurance and supplies to expense, recording depreciation expense for lodge and furniture, accruing interest and salaries payable, and recognizing unearned rent revenue.
The document provides information on a shipping company's operating performance for the second quarter, including actual results compared to the master budget and a flexible budget. The actual sales volume was lower than the master budget but actual revenues and most expenses were also lower, resulting in an unfavorable total master budget variance but a favorable flexible budget variance. While contribution margin was lower than the master budget, fixed costs were mostly equal to budget resulting in an unfavorable variance in operating income compared to both budgets.
This document outlines pricing details for five housing developments - Asmara, Haila, Kirana, Lestari, and Bethari. It provides information on house models, lot sizes, cost per square meter, usable floor area, house and contract prices, down payment amounts and schedules, and financing options through in-house or bank loans over 5, 10, 15, or 20 years. Buyers availing of bank financing must initially undergo in-house financing. Discounts are provided for cash or down payments within certain timeframes. H&L package clients receive discounts on additional lot purchases. Packages below 3.2 million PHP are VAT exempt.
This document provides a price list and product information for various building materials from a timber merchant. It lists prices and specifications for decking, joinery, insulation, flooring, doors, and other wood and construction products. Delivery and collection rates are under £250 or over £250. The merchant aims to provide next day delivery to London and stocks over 2000 cubic metres of softwood.
Brown Television is requesting a budget of $8,952 for the 2008-2009 school year. The bulk of the request is for camera equipment, including a Canon XH-A1 camera, lighting equipment, microphones, and software. Additional funds are requested for supplies, technical equipment, and "DIY funds" for student filmmaking projects. The group provides a detailed breakdown and justification for each item to inform the budget debate.
Crystal Lattice produces exercise mats and has spare annual capacity of 2,000 mats. Resteasy hotel chain placed a one-time order for 3,000 mats at $90 per mat instead of the normal $100 price. Accepting the order would earn a contribution margin of $50 per mat compared to $60 normally, for a net benefit of $70,000 after factoring in the $20,000 cost of an embossing machine needed for the order. Qualitative factors like reactions from other customers and Resteasy's potential as a long-term customer should also be considered before accepting the order.
The document discusses several operational decision making topics:
1. Opportunity costs consider the value of alternatives forgone by selecting one option over another, like outsourcing component manufacturing and using the freed up capacity.
2. Avoidable costs are expenses eliminated by outsourcing an activity, which reduces costs in decision making.
3. Fixed costs are often irrelevant in tactical decision making if infrastructure does not change, but they must be considered if capacity is limited.
The document shows adjusting entries made at the end of the month. These include reclassifying prepaid insurance and supplies to expense, recording depreciation expense for lodge and furniture, accruing interest and salaries payable, and recognizing unearned rent revenue.
The document provides information on a shipping company's operating performance for the second quarter, including actual results compared to the master budget and a flexible budget. The actual sales volume was lower than the master budget but actual revenues and most expenses were also lower, resulting in an unfavorable total master budget variance but a favorable flexible budget variance. While contribution margin was lower than the master budget, fixed costs were mostly equal to budget resulting in an unfavorable variance in operating income compared to both budgets.
This document outlines pricing details for five housing developments - Asmara, Haila, Kirana, Lestari, and Bethari. It provides information on house models, lot sizes, cost per square meter, usable floor area, house and contract prices, down payment amounts and schedules, and financing options through in-house or bank loans over 5, 10, 15, or 20 years. Buyers availing of bank financing must initially undergo in-house financing. Discounts are provided for cash or down payments within certain timeframes. H&L package clients receive discounts on additional lot purchases. Packages below 3.2 million PHP are VAT exempt.
This document provides a price list and product information for various building materials from a timber merchant. It lists prices and specifications for decking, joinery, insulation, flooring, doors, and other wood and construction products. Delivery and collection rates are under £250 or over £250. The merchant aims to provide next day delivery to London and stocks over 2000 cubic metres of softwood.
Brown Television is requesting a budget of $8,952 for the 2008-2009 school year. The bulk of the request is for camera equipment, including a Canon XH-A1 camera, lighting equipment, microphones, and software. Additional funds are requested for supplies, technical equipment, and "DIY funds" for student filmmaking projects. The group provides a detailed breakdown and justification for each item to inform the budget debate.
John Riddle is looking for part-time employment to challenge himself and gain work experience. He has a background in elite freestyle skiing which has taught him self-motivation, a strong work ethic, time management, and teamwork. He is currently attending Grant MacEwan University in their Insurance and Risk Management program. His work experience includes mechanic work, oil field maintenance, drafting, and camp instruction. He has safety training and experience operating vehicles and equipment.
The document describes the characteristics of an autonomous post-materialist individual based on their consumption habits and values. As a single student, they consume typical products but are also guided by principles, being less likely to buy boring or identical products. They prioritize self-fulfillment and spending on experiences over possessions. While spontaneous, they have strong morals and prefer flexibility over long-term commitments. Their goals are financial freedom to pursue their own interests and they balance short-term happiness with long-term investments.
Michael Weisfeld presented on optimizing Facebook for return on investment (ROI). He introduced the AIDAA model for Facebook with phases of Awareness, Interest, Desire, Action, and Advocacy. Tactics for each phase include promotions, contests, engaging content, calls to action, and tools for users to spread content. The goal is to drive traffic, fan growth, engagement, website visits, and advocacy through organic sharing.
The assistant branch manager writes a letter to Imelda Mitchell regarding issues with two recent photo shoots held by Icon Studios photographers at their location. In the first shoot, all time slots were filled but photographers were late and had to leave early, upsetting customers who had waited hours. For the second shoot, a client was told he had to be in the photo with his children and pay, which was not agreed upon. The letter requests the client be allowed a free sitting for his children on November 15th to make up for the problems.
Cu, Sharry Mao, Roger Miljkovic, Alex Pareek, Naveena Riddle, John Charting ...John Riddle
The document shows an RRSP savings account with an annual deposit of $4,532.90 and interest rate of 3.5%. Over 10 years the amount grows from the initial $4,533 to $59,571 as interest is earned each year. A line graph depicts the steady increase in the RRSP value over the 10 year period as compound interest takes effect.
Cu, Sharry Mao, Roger Miljkovic, Alex Pareek, Naveena Riddle, John Charting ...John Riddle
Here are the key statistics from the employee sales data:
- There are 129 employees named Chris with sales numbers ranging from 0 to 99
- The average sales amount is 49.49570552
- The highest individual sales amount (max) is 100
- The lowest individual sales amount (min) is 0
Cu, Sharry Mao, Roger Miljkovic, Alex Pareek, Naveena Riddle, John Charting ...John Riddle
The document shows an RRSP savings account with an annual deposit of $4,532.90 and interest rate of 3.5%. Over 10 years the amount grows from the initial $4,533 to $59,571 due to compound interest. A line graph depicts the steady increase in the account balance over the 10 year period.
Introduction To Facebook By Cu, Riddle, And MiljkovicJohn Riddle
This document provides a summary of Facebook, including:
1) Facebook was founded in 2004 by Mark Zuckerberg at Harvard and initially limited to Harvard students. It has since expanded globally to over 300 million active users.
2) The website allows users to create profiles, join networks, and connect with friends. Users can share messages, photos, and life updates.
3) Facebook generates revenue from advertising but also faced some legal issues and privacy criticisms over the years.
4) The site has evolved its features, interface, and applications over time to better connect users and enable sharing on various devices.
Blackberry Storm wishes to overtake the iPhone in the smartphone market. The iPhone has similar features to the Blackberry Storm but dominates the consumer market, while Blackberry dominates the industrial market. Apple's sales tripled between 2005-2007, reaching $19 billion. To compete, Blackberry's marketing plan is to introduce a "Blackberry DiY" option that allows customers to customize the exterior of their phone, appealing to multiple target markets. The plan will market and test the new Blackberry DiY in Vancouver before a full product launch near Christmas to target gift buyers. Feedback will be reviewed and the plan modified if needed.
Cost-benefit analysis involves estimating the monetary values of initial and ongoing expenses. It has two parts: a costs analysis and a benefits analysis. Costs are estimated using survey methods and inferences about market behavior.
Group A5 presents a case study on Giberson's glass studio, which is facing financial difficulties due to a lack of pricing strategy and proper accounting. Key issues include deteriorating finances, high operating costs, and no batch-level costing. Options discussed are maintaining batch-level profits, accounting, and increasing batch size from 169 to 200 lbs at a higher cost per batch to improve margins. The group recommends preparing accounting records and evaluating costs batch-wise to address the problems.
This document discusses how using diamond tools can increase productivity and profits for floor finishing contractors. It provides an example comparing the costs and profits of refinishing a 1000 square foot floor using lower-cost diamond tools versus higher-cost, higher-performance diamond tools. The analysis shows that while the higher-cost tools have greater upfront abrasive costs, they allow the job to be completed faster, saving on labor costs and increasing daily and overall profits. The document advocates that contractors focus on tools that maximize productivity rather than just minimizing consumable costs in order to improve profitability.
Michigan has had success recently with district and campus-scale installations of ground source heat pumps for facility heating and cooling. While still considered nascent compared to other sources of renewable energy, geothermal energy has significant potential, and market adoption of this technology could accelerate if policy, education and technical training headwinds are addressed. Come listen to three interesting and diverse perspectives of these issues from panelists who are in the trenches.
Tactical decision making involves short-term decisions to utilize resources and increase profits. The document outlines a tactical decision making model and applies it to examples. It discusses identifying alternatives and relevant costs that differ between alternatives to select the optimal choice. The model is demonstrated on a company considering renting space or outsourcing production. Relevant costs like labor are compared between make vs buy alternatives to inform the decision.
Chapter 2 cost terms, concepts and classifications 2012 students(1)Abu_Islam
This chapter discusses cost terms, concepts, and classifications. It defines costs and gives examples. It explains that a cost object is anything for which cost data is desired, like products or organizational subunits. It's important to know costs according to a cost object to determine selling prices. Costs are classified in different ways like variable/fixed, direct/indirect, and sunk/differential/opportunity costs for income statements, predicting behavior, assigning to cost objects, and making decisions. Manufacturing and merchandising activities are also compared.
Manufacturing cost accounting ppt @ mba financeBabasab Patil
The document provides an overview of manufacturing cost accounting concepts and calculations including job order costing, activity based costing, standard costs, and flexible budgets. It discusses calculating product costs, contribution margin, breakeven analysis, master budget components including direct materials budget, labor variances, and flexible budget performance reports. The key information covered relates to accounting for costs in a manufacturing environment.
Alpha Manufacturing sells shipping containers and is operating near capacity. It has been approached by a new customer wanting to order 1,000 units at $65 per unit, which would require giving up sales of 600 current units at $75 per unit. Accepting the new order would increase Alpha's profits by $6,000. If the special order price was $50 per unit instead, Alpha's profits would decrease by $9,000.
This document provides examples of classifying costs as direct or indirect, variable or fixed for different cost objects across manufacturing, service, and merchandising sectors. It also discusses computing unit costs using total versus variable costs, relevant ranges for fixed and variable costs, and identifying cost drivers in a value chain. Key information includes examples of how costs are classified based on their behavior and relationship to the cost object, as well as how relevant ranges and fixed versus variable costs impact the calculation of total unit costs.
1. There are differences between accounting costs and economic costs, as well as accounting profit and economic profit. Accounting only considers explicit costs, while economics considers both explicit and implicit opportunity costs.
2. Inputs can be either fixed or variable. In the short run, at least one input is fixed, while in the long run all inputs are variable. Production functions show the relationship between inputs and outputs.
3. Cost curves like total, average, and marginal costs are used to analyze costs in the short and long run. Economies and diseconomies of scale impact the long-run average cost curve.
The summary provides an overview of the MGP Advisory Board meeting agenda items:
1) The Boot Camp program report discussed selecting 11 students for the summer program with committed sponsors totaling $71k and a remaining budget need of $66k.
2) Special projects included an Oscar's event and a documentary on the Basic Advertising Course.
3) An overview of Locomotus was presented as an extension of MGP to operate as a hybrid for-profit/non-profit training ground with an initial contribution from Wieden + Kennedy and a launch goal of September 2013.
4) Next steps included securing more Boot Camp sponsorship, saving the dates for upcoming events, and developing the financial plan
Charter Business provides phone, internet, and TV services to businesses. The presentation discusses Charter's service areas and solutions to help businesses grow. It provides cost analyses comparing Charter's bundled services to competitors' unbundled pricing, showing monthly and annual savings for businesses. The presentation encourages attendees to refer other businesses to Charter for services through their agent referral program.
John Riddle is looking for part-time employment to challenge himself and gain work experience. He has a background in elite freestyle skiing which has taught him self-motivation, a strong work ethic, time management, and teamwork. He is currently attending Grant MacEwan University in their Insurance and Risk Management program. His work experience includes mechanic work, oil field maintenance, drafting, and camp instruction. He has safety training and experience operating vehicles and equipment.
The document describes the characteristics of an autonomous post-materialist individual based on their consumption habits and values. As a single student, they consume typical products but are also guided by principles, being less likely to buy boring or identical products. They prioritize self-fulfillment and spending on experiences over possessions. While spontaneous, they have strong morals and prefer flexibility over long-term commitments. Their goals are financial freedom to pursue their own interests and they balance short-term happiness with long-term investments.
Michael Weisfeld presented on optimizing Facebook for return on investment (ROI). He introduced the AIDAA model for Facebook with phases of Awareness, Interest, Desire, Action, and Advocacy. Tactics for each phase include promotions, contests, engaging content, calls to action, and tools for users to spread content. The goal is to drive traffic, fan growth, engagement, website visits, and advocacy through organic sharing.
The assistant branch manager writes a letter to Imelda Mitchell regarding issues with two recent photo shoots held by Icon Studios photographers at their location. In the first shoot, all time slots were filled but photographers were late and had to leave early, upsetting customers who had waited hours. For the second shoot, a client was told he had to be in the photo with his children and pay, which was not agreed upon. The letter requests the client be allowed a free sitting for his children on November 15th to make up for the problems.
Cu, Sharry Mao, Roger Miljkovic, Alex Pareek, Naveena Riddle, John Charting ...John Riddle
The document shows an RRSP savings account with an annual deposit of $4,532.90 and interest rate of 3.5%. Over 10 years the amount grows from the initial $4,533 to $59,571 as interest is earned each year. A line graph depicts the steady increase in the RRSP value over the 10 year period as compound interest takes effect.
Cu, Sharry Mao, Roger Miljkovic, Alex Pareek, Naveena Riddle, John Charting ...John Riddle
Here are the key statistics from the employee sales data:
- There are 129 employees named Chris with sales numbers ranging from 0 to 99
- The average sales amount is 49.49570552
- The highest individual sales amount (max) is 100
- The lowest individual sales amount (min) is 0
Cu, Sharry Mao, Roger Miljkovic, Alex Pareek, Naveena Riddle, John Charting ...John Riddle
The document shows an RRSP savings account with an annual deposit of $4,532.90 and interest rate of 3.5%. Over 10 years the amount grows from the initial $4,533 to $59,571 due to compound interest. A line graph depicts the steady increase in the account balance over the 10 year period.
Introduction To Facebook By Cu, Riddle, And MiljkovicJohn Riddle
This document provides a summary of Facebook, including:
1) Facebook was founded in 2004 by Mark Zuckerberg at Harvard and initially limited to Harvard students. It has since expanded globally to over 300 million active users.
2) The website allows users to create profiles, join networks, and connect with friends. Users can share messages, photos, and life updates.
3) Facebook generates revenue from advertising but also faced some legal issues and privacy criticisms over the years.
4) The site has evolved its features, interface, and applications over time to better connect users and enable sharing on various devices.
Blackberry Storm wishes to overtake the iPhone in the smartphone market. The iPhone has similar features to the Blackberry Storm but dominates the consumer market, while Blackberry dominates the industrial market. Apple's sales tripled between 2005-2007, reaching $19 billion. To compete, Blackberry's marketing plan is to introduce a "Blackberry DiY" option that allows customers to customize the exterior of their phone, appealing to multiple target markets. The plan will market and test the new Blackberry DiY in Vancouver before a full product launch near Christmas to target gift buyers. Feedback will be reviewed and the plan modified if needed.
Cost-benefit analysis involves estimating the monetary values of initial and ongoing expenses. It has two parts: a costs analysis and a benefits analysis. Costs are estimated using survey methods and inferences about market behavior.
Group A5 presents a case study on Giberson's glass studio, which is facing financial difficulties due to a lack of pricing strategy and proper accounting. Key issues include deteriorating finances, high operating costs, and no batch-level costing. Options discussed are maintaining batch-level profits, accounting, and increasing batch size from 169 to 200 lbs at a higher cost per batch to improve margins. The group recommends preparing accounting records and evaluating costs batch-wise to address the problems.
This document discusses how using diamond tools can increase productivity and profits for floor finishing contractors. It provides an example comparing the costs and profits of refinishing a 1000 square foot floor using lower-cost diamond tools versus higher-cost, higher-performance diamond tools. The analysis shows that while the higher-cost tools have greater upfront abrasive costs, they allow the job to be completed faster, saving on labor costs and increasing daily and overall profits. The document advocates that contractors focus on tools that maximize productivity rather than just minimizing consumable costs in order to improve profitability.
Michigan has had success recently with district and campus-scale installations of ground source heat pumps for facility heating and cooling. While still considered nascent compared to other sources of renewable energy, geothermal energy has significant potential, and market adoption of this technology could accelerate if policy, education and technical training headwinds are addressed. Come listen to three interesting and diverse perspectives of these issues from panelists who are in the trenches.
Tactical decision making involves short-term decisions to utilize resources and increase profits. The document outlines a tactical decision making model and applies it to examples. It discusses identifying alternatives and relevant costs that differ between alternatives to select the optimal choice. The model is demonstrated on a company considering renting space or outsourcing production. Relevant costs like labor are compared between make vs buy alternatives to inform the decision.
Chapter 2 cost terms, concepts and classifications 2012 students(1)Abu_Islam
This chapter discusses cost terms, concepts, and classifications. It defines costs and gives examples. It explains that a cost object is anything for which cost data is desired, like products or organizational subunits. It's important to know costs according to a cost object to determine selling prices. Costs are classified in different ways like variable/fixed, direct/indirect, and sunk/differential/opportunity costs for income statements, predicting behavior, assigning to cost objects, and making decisions. Manufacturing and merchandising activities are also compared.
Manufacturing cost accounting ppt @ mba financeBabasab Patil
The document provides an overview of manufacturing cost accounting concepts and calculations including job order costing, activity based costing, standard costs, and flexible budgets. It discusses calculating product costs, contribution margin, breakeven analysis, master budget components including direct materials budget, labor variances, and flexible budget performance reports. The key information covered relates to accounting for costs in a manufacturing environment.
Alpha Manufacturing sells shipping containers and is operating near capacity. It has been approached by a new customer wanting to order 1,000 units at $65 per unit, which would require giving up sales of 600 current units at $75 per unit. Accepting the new order would increase Alpha's profits by $6,000. If the special order price was $50 per unit instead, Alpha's profits would decrease by $9,000.
This document provides examples of classifying costs as direct or indirect, variable or fixed for different cost objects across manufacturing, service, and merchandising sectors. It also discusses computing unit costs using total versus variable costs, relevant ranges for fixed and variable costs, and identifying cost drivers in a value chain. Key information includes examples of how costs are classified based on their behavior and relationship to the cost object, as well as how relevant ranges and fixed versus variable costs impact the calculation of total unit costs.
1. There are differences between accounting costs and economic costs, as well as accounting profit and economic profit. Accounting only considers explicit costs, while economics considers both explicit and implicit opportunity costs.
2. Inputs can be either fixed or variable. In the short run, at least one input is fixed, while in the long run all inputs are variable. Production functions show the relationship between inputs and outputs.
3. Cost curves like total, average, and marginal costs are used to analyze costs in the short and long run. Economies and diseconomies of scale impact the long-run average cost curve.
The summary provides an overview of the MGP Advisory Board meeting agenda items:
1) The Boot Camp program report discussed selecting 11 students for the summer program with committed sponsors totaling $71k and a remaining budget need of $66k.
2) Special projects included an Oscar's event and a documentary on the Basic Advertising Course.
3) An overview of Locomotus was presented as an extension of MGP to operate as a hybrid for-profit/non-profit training ground with an initial contribution from Wieden + Kennedy and a launch goal of September 2013.
4) Next steps included securing more Boot Camp sponsorship, saving the dates for upcoming events, and developing the financial plan
Charter Business provides phone, internet, and TV services to businesses. The presentation discusses Charter's service areas and solutions to help businesses grow. It provides cost analyses comparing Charter's bundled services to competitors' unbundled pricing, showing monthly and annual savings for businesses. The presentation encourages attendees to refer other businesses to Charter for services through their agent referral program.
The production budget shows the number of units to be manufactured each month based on 60% of next month's sales and 40% of the current month's sales. The material purchase budget shows the amount spent on material purchases each month based on the prior month's production.
(c) Cash budget showing receipts, payments and closing bank balance.
(12 marks)
(d) Explain two uses of cash budgets.
(4 marks)
(Total 21 marks)
Bba ii cost and management accounting u 3.2 job and batch costingRai University
This document discusses job costing and batch costing. It begins by defining job order industries and mass production industries. It then explains that job costing is used in job order industries where production is done according to customer orders. Batch costing is a variation of job costing used when a definite number of identical items are produced in batches to be held in stock. It discusses the objectives of job costing and provides an example of a job cost sheet. Finally, it explains the concept of economic batch quantity and how to calculate it.
The document outlines a business plan to develop and market a new proprietary cement mixture containing bio-polymers to the largest cement companies in the US, with the goals of securing $2 million in seed funding and early partnerships with market leaders who can help establish the new product in exchange for exclusive pricing and contracts. The new cement formula has been tested and is proposed to offer sustainability benefits over traditional cement for public infrastructure projects.
TrashScan was founded by Aaron Cannon, Andrea Morgan and Tara Walters. The company is dedicated to producing innovative home products using 100% recyclable plastic and manufacturing in the USA. Their current product is a trashcan with a built-in scanner, and future products may include voice command trashcans, trashcans with basketball hoops, and knife blocks that automatically sharpen knives. The company plans to partner with online grocery stores and retailers like Bed Bath & Beyond. Their strategy is to target homeowners making $30,000-$40,000 through marketing like spots on QVC and developing new products while maintaining a research team and benefits for customers and employees.
This document discusses cost concepts relevant to decision making. It covers classifying costs as either product costs, period costs, variable costs or fixed costs. It then provides examples of costs that fall into each of these categories. The document also contains examples of using cost-volume-profit analysis to determine break-even points, unit costs at different production volumes, and the sales volume needed to reach the break-even point. Graphs and calculations are presented to illustrate cost-volume-profit relationships.
EGT267 Programming for Engineering Applications Spring 2020 .docxgidmanmary
EGT267 Programming for Engineering Applications Spring 2020
1
EGT 267 HW-1 (Due on February 20 in the class)
PROGRAMMIING ENGINEERING PROBLEMS
Problem 1: (Conversions) This problem involves converting a value in one unit to a value in
another unit. The program should prompt the user for a value in the specified units and then print
the converted value, along with the new units.
(1) Write a program to convert pounds to kilograms. (Recall that 1 kg = 2.205 lb). The pound
value you input/test is 159 lb.
Problem 2: (Areas and Volumes) This problem involves computing an area or a volume using
input from the user. The program should include a prompt to the user to enter the variables needed.
(1) Write a program to compute the area of a triangle with base b and height h. (Recall that
Aerea = ½* (b * h). ) The b and h values are 1.8 and 6.7 meters, respectively.
Problem 3: (Wind Tunnels) A wind tunnel is a test chamber built to generate different wind
speeds, or Mach numbers (which is the wind speed divided by the speed of sound). Accurate scale
models of aircraft can be mounted on force-measuring supports in the test chamber, and then
measurements of the forces on the model can be made at many different wind speeds and angles.
At the end of an extended wind tunnel test, many sets of data have been collected and can be used
to determine the coefficient of lift, drag, and other aerodynamic performance characteristics of the
new aircraft at its various operational speeds and positions. Data collected from a wind tunnel test
are listed in the following table:
EGT267 Programming for Engineering Applications Spring 2020
2
Assume that we would like to use linear interpolation to determine the coefficient of lift for
additional flight-path angles that are between -4 degrees and 21 degrees (Let’s estimate the
coefficient of lift @ 9 flight-path angle degrees). Write a program that allows the user to enter the
data for two points and a flight-path angle between those points. The program should then compute
the corresponding coefficient of lift.
Homework requirements:
please take two screenshots (one screen shot is for your code; the other is for the results), copy &
past them into your homework, and then submit a hard copy.
Sheet1MAC 7200, CASE STUDY WEEK 61) BREAK EVEN POINTA) IN UNITSSales Revenue16.00 Variable Materials3.00 Variable Labor1.00 Variable Overhead3.50 Variable Marketing Costs1.50Total Variable Costs:9.00CONTRIBUTION MARGIN PER UNIT7.0044%Fixed overhead4.00Fixed Marketing costs2.00Total Fixed Costs6.00BREAK EVEN POINT IN UNITS = FIXED COSTS / CONTRIBUTION MARGIN PER UNITEQUATION16N - 9N - 90,000 = 0Fixed Costs:90,000.007N = 90000CONTRIBUTION MARGIN PER UNIT7.00BREAK EVEN POINT IN UNITS12,857N=B) BREAK EVEN IN DOLLARSUNITS BREAKEVEN12,857SALES PRICES$ 16.00BREAK EVEN IN DOLLARS$ 205,712.00Combined2. SPECIAL ORDER ANALYSISremainder of ca ...
This document discusses pricing strategies for Canty International's new wall covering product. It provides background on the wall covering industry and Canty's current products. It also analyzes Canty's strengths, weaknesses, opportunities, and threats. Two potential pricing strategies are considered: price skimming, starting at a high price and slowly decreasing it, and market penetration pricing, starting at a lower price to quickly gain market share. Both strategies are evaluated in terms of their advantages and disadvantages for Canty.
Starting a business is like embarking on an unpredictable adventure. It’s a journey filled with highs and lows, victories and defeats. But what if I told you that those setbacks and failures could be the very stepping stones that lead you to fortune? Let’s explore how resilience, adaptability, and strategic thinking can transform adversity into opportunity.
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
Each framework is presented with visually engaging diagrams and templates, ensuring the content is both informative and appealing. While this compilation is thorough, please note that the slides are intended as supplementary resources and may not be sufficient for standalone instructional purposes.
This compilation is ideal for anyone looking to enhance their understanding of innovation management and drive meaningful change within their organization. Whether you aim to improve product development processes, enhance customer experiences, or drive digital transformation, these frameworks offer valuable insights and tools to help you achieve your goals.
INCLUDED FRAMEWORKS/MODELS:
1. Stanford’s Design Thinking
2. IDEO’s Human-Centered Design
3. Strategyzer’s Business Model Innovation
4. Lean Startup Methodology
5. Agile Innovation Framework
6. Doblin’s Ten Types of Innovation
7. McKinsey’s Three Horizons of Growth
8. Customer Journey Map
9. Christensen’s Disruptive Innovation Theory
10. Blue Ocean Strategy
11. Strategyn’s Jobs-To-Be-Done (JTBD) Framework with Job Map
12. Design Sprint Framework
13. The Double Diamond
14. Lean Six Sigma DMAIC
15. TRIZ Problem-Solving Framework
16. Edward de Bono’s Six Thinking Hats
17. Stage-Gate Model
18. Toyota’s Six Steps of Kaizen
19. Microsoft’s Digital Transformation Framework
20. Design for Six Sigma (DFSS)
To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations
Part 2 Deep Dive: Navigating the 2024 Slowdownjeffkluth1
Introduction
The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
Digital Marketing with a Focus on Sustainabilitysssourabhsharma
Digital Marketing best practices including influencer marketing, content creators, and omnichannel marketing for Sustainable Brands at the Sustainable Cosmetics Summit 2024 in New York
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1. Canty International
Alex Miljkovic, Sharry Cu, Roger Mao, Naveena Pareek, Johnny Riddle
UBAM Hammerheads
FMGT 1M & RMGT 1A
MKTG 1102
Don Linder
Date: November 5th, 2009
2. CASE SYNOPSIS
The Vice President of Canty International, Bob Sweeny, received a RFP from Bryant
Inn’s. The hotel’s purchasing agent, Diana Cromwell describes her dissatisfaction with
the current wallpaper coverings Bryant Inns is using. She is unhappy that the service life
of the current hotel wall covering is only two years and makes a request for Canty
International to design a new wall covering. She would like a wall covering that is:
appealing, sound-proof, fire resistant, durable for the hotel environment, stain-
resistant, safe, and fair-priced. Bob Sweeny contacts the “Design Lab” and they design a
new product that meets the needs of Bryant Inns. The product is named Decoline; it
consists of an innovative techno-fabric covering cemented to a lightweight sturdy
bamboo fibre core, with an estimated service life of 10 years.
PROBLEM IDENTIFICATION
What should Decoline be priced at so that is a fair value to potential consumers, and a
profit to Canty International?
KEY FINDINGS
• Bryant Inns is Canadian Arm of a multinational firm in hospitality industry and
successfully runs and manages 150 inns in Canada; this number is growing
• Installation costs are $4.80 per square meter for Canty International’s current
products, and $5.40 per square meter for the new Decoline product. The
difference is an additional $0.60
• Decoline will be custom made because of its color, texture, and design
selections; the techno fibre cannot be prepared in advance
• Canty International’s maximum optimum capacity is 77%
• Decoline is used for track systems
• All raw materials needed to manufacture Decoline produced by at a different
facility; the lead time on materials takes about two weeks
ASSUMPTIONS
We are making calculations based at an estimated volume of 500 square meters a
month. We are also assuming that our old product that had a service life of two years
was sold at $34.99 per square meter.
SWOT ANALYSIS
Strengths
High attention to detail when designing new and innovative products to fit
customer needs (e.g. fire-resistant, sound proof, customized wallpaper)
Recognized and sought after by other firms (e.g. Bryant Inns)
Thorough process of product design including an accurate and detailed operating
expense list
Product: Decoline has estimated ten year service life, relative to most products
which have a two year service life
3. Company has customized designs for each customer – they can cater to different
industries (hospitality industry, recreational industry, etc)
Source of raw materials are supplied by a facility – materials are ready to use, no
need to spend time manufacturing raw materials
Weaknesses
Only has a production capacity of 2598 square meters per month
Operates at 77% of its optimum capacity (when producing Decoline) producing
2000 meters square as opposed to 2598 meters square
Decoline estimated @ $0.60 per meter more expensive than the similar products
competitors offer
Opportunities
Decoline has a service life of ten years; an eight year difference in service life
compared to other products which creates many profitable sales opportunities f
If Decoline proves to be effective at Bryant Inns, it may become a well known
product there will be an increase in demand from many other firms(track
systems could be install in gyms, dance rooms, hotels, hospitals, etc)
If Decoline proves to be effective, they will develop long-term relationships with
various customers due to customer satisfaction.
Threats
possibility that Decoline may fail as a product
Competition will increase because competitors will produce similar products
with better features
If Bryant Inns is unhappy about the outcome of the product, other potential
consumers will not be attracted to trying Decoline
If Decoline is defective or if customers are unsatisfied, Canty International’s
image will be reflected from Decoline and consumers will perceive all the
company’s products as faulty or with few benefits
COMPETITIVE ANALYSIS
Because Canty International is not an existing company, we were not able to research
who its direct competitors are.
TARGET MARKET
We have used undifferentiated segmentation to determine out target market. Decoline
will provide the same benefits for all of our potential customers because track systems
are mainly used as a divider. We will use the micromarketing strategy because Decoline
is a product that is customized to suit every customer’s needs. We will mainly target B2B
consumers, which are other firms in the hospitality and recreational industry because
track systems are use a lot in gyms, community centers, hotels, motels, and inns.
4. CONSIDERATIONS
The base price for Decoline should be $30.00
Break down of Fixed costs Cost per month
Selling and Administration costs $4,300
Supervision $1,080
Floor-space expense $327
Inspection $165
Miscellaneous Indirect Labour $84
Small tools and expense materials $30
Tables (Amortization expense)* $12.92
Cutting Machine(Amortization Expense)** $4
Total $6,002.92
*Cost of tables are amortized over its useful life per month (Canadian GAAP)
1550/(12*10) = 12.92
*Cost of cutting machines is amortized over its useful life per month.
480/(12*10) = $4
Break-Even equation:
Px = Vcx + Fc
Where x is number of products, p is the price per unit, vc is the variable cost per unit, and
fc is the fixed cost
So for 500 units:
P*500 = 6340.49 + 6002.92
∴ P = $24.69
The break-even price for 500 units will be $24.69. (This does not include installation costs)
Break down of Variable costs
Cost per sq. m For 500 sq. meters
Techno Fibre $6.55 @ 0.9 sq.meter $7.28 per sq. m $3,638.89
Bamboo $2.87 @ 0.9 sq.meter $3.33 per sq. m $1,650
Cement $0.96 @ 0.83 litres $0.77098 per sq. m $398.40
Direct Labour $7.10 @ 0.184 hours $1.30 per sq. m $653.20
Total $12.68098 $6,340.49
Break down of Fixed costs Cost per month
Selling and Administration costs $4,300
Supervision $1,080
Floor-space expense $327
Inspection $165
Miscellanous Indirect Labour $84
Small tools and expense materials $30
Tables (Amortization expense)* $12.92
Cutting Machine(Amortization Expense)** $4
Total $6,002.92
5. Units in square
metres 0 100 200 300 400 500 600 700
Variable costs $0.00 $1,268.10 $2,536.20 $3,804.29 $5,072.39 $6,340.49 $7,608.59 $8,876.69
Fixed costs $6,002.92 $6,002.92 $6,002.92 $6,002.92 $6,002.92 $6,002.92 $6,002.92 $6,002.92
Total cost $6,002.92 $7,271.02 $8,539.12 $9,807.21 $11,075.31 $12,343.41 $13,611.51 $14,879.61
Break-Even Graph
$16,000.00
$14,000.00
$12,000.00
$10,000.00
Variable cost
Cost
$8,000.00 Fixed cost
Total cost
$6,000.00
$4,000.00
$2,000.00
$0.00
0 100 200 300 400 500 600 700
Units in square metres
Economies of scale: The cost per unit falls as the output increases.
The cost per unit at 500 units is $24.69
The cost for 1000 units will be: fc + vcx
= 6002.92 + 12.68098* 1000
= $18,683.9
The cost per unit for at 1000 units is $18.6839.
We should consider the economies of scale as the cost per unit falls when the output
increases. This means that we will have a higher profit margin when we produce more.
RECOMMENDATIONS
Alternative 1
Our first alternative is to use the cost-based pricing method. Because we are producing a
brand new product, there are many production costs involved. By pricing Decoline without
factoring in consumer’s and competitor’s prices, we can set prices based on a per-unit basis.
Because cost-based pricing is set on average costs, our breakeven cost is $24.69, so we are
setting the price to $49.99.
6. Advantages:
1. Easy to control – we can track our profits and losses easily because we are pricing
Decoline based on how much it cost to make the product on a per-unit basis.
2. Covers cost – we will have not have to be worried about covering production costs
because we are not recognizing consumer values or competitor price wars
3. A healthier company – We know our operating expenses, fixed costs, and variable
costs to determine a reasonable assumption of our potential revenue. We will have
sufficient revenue by pricing Decoline using cost-based methods
Disadvantages:
1. Customer perception – the price may not represent value to the consumer, they
may not see the benefits of the product because of the price
2. Customer satisfaction – the price was not determined to overcome customer
satisfaction so many consumers may not see the product as valuable
3. Less consumers – because we aren’t focusing on long-term customer relationships,
we may have less consumers which results in less profits
Alternative #2
Our second alternative is to use the improvement value method to determine our pricing
strategy. Because we created a product that can be customized, we are setting our prices
based on how consumers will compare this product to others in the same market.
Old price and old product: $34.99. New price and new product: $49.99 (per square meters)
Improvement value: additional $15 represents the estimate consumers are willing to pay for
Decoline.
Advantages:
1. Can estimate potential profits – Study of Consumer behavior might prove to be
accurate and therefore forecast how much product consumers might wish to
acquire and at what general price (estimate)
2. Maintains good customer relationships – by creating a customized product,
consumers will feel like they were a part of the product process
3. Consumers are put first – Product is based on customers needs and wants rather
then the companies.
Disadvantages:
1. hard to estimate selling price – Because the consumer controls and decides how
much the product’s benefits are worth vs. the sacrifice they need to make to acquire
it.
2. possible ethical dilemmas when calculating weighted factors – Because people of
power (e.g. Managers) might keep funny books for their own benefit
3. hard to estimate production amount- Because it’s hard to figure out how much
product the consumers want (e.g. extensive surveys/researching is required)
7. Alternative #3
Our third alternative is to use the cost of ownership method as one of our pricing strategies.
Because the Decoline has a usage life of ten years, consumers will be willing to pay for this
product because it will be cheaper long-term than to buy a competitor’s product that has a
short service life. Using this value-based method, customers will see the benefits and values
of having a track system that is durable for ten years.
$49.99 per square meter
+ $ 5.40 installation cost
+ $ 2.75 removal cost
$ 58.14 every 10 years (per square meters)
Advantages:
1. Improves service life by five times – the other products offered by Canty
international only has a useful life of two years.
2. It will maintain great customer relationship – having a product that consumers
perceive as valuable will increase customer satisfaction
3. Incentives to customer – providing a bundle price will help customers save instead of
listing prices separately; will encourage customers to buy more
Disadvantages:
1. Lose revenue in company long-term – If the service life of Decoline is for ten years,
sales may decrease because the product’s usage life is so long.
2. Consumer purchase frequency will decrease – because the service life of Decoline is
ten years, consumers will not need to purchase as often
3. High prices – the price set high initially may not appeal to consumers. They may be
uneducated about the product information, and the price may not be seen as a
benefit to them.
SOLUTION
After weighing the alternatives, we chose alternative #3. The price may seem high but if
we educate the customers about the increased useful life and other benefits of our
product then they are likely to understand the reason behind the high price. We know
that the customers will not be buying the product too often as the useful life of the
product will be five times. But we also know that a fair price and quality product will
help us create a good customer base. If our current customers are satisfied with our
services then we will also benefit by goodwill we ear. Our market reputation will
increase and that will help us acquire more customers. The reason why we didn’t
choose alternative 1 is that it does not consider the price from customer’s point of view.
The price will be really high in cost-based pricing strategy as compared to cost of
ownership method.
8. IMPLEMENTATION PLAN
1) Product Development: Our product design is already developed. We will produce
coverings enough to conduct market testing.
2) Market Testing:
• We will then do market testing by selling 10% of coverings required by Bryant
Inns.
• Using feedback from the test, we will make the necessary changes before we
start producing on a normal basis.
3) Product Launch:
• Before launching the product on a larger scale we will educate the potential
customers about the new coverings and their special features. This will help
them understand the reason behind the selling price.
• We will launch the product on 15th November because the customers would like
to change the coverings before the holiday season starts (hotels get busy during
holiday season)
• The new coverings will be available through special orders as they are not an off-
the-shelf item
• We will start with a low price and then as the product gets popular, we will
increase the price slightly.
PLAN B
If our initial solution does not work, we will implement the cost based pricing method as our
plan B. With the cost based pricing method we would be able to easily track operating and
production costs of Decoline. The break even price currently sits at $24.69 per meter
squared for our product and using the cost based pricing method we would mark this price
up to $49.99. Since we do not need to recognize the consumer’s role with this method we
are able to mark up our price by ~101%. This could potentially generate high amounts of
profit and though some customers would be lost due to its high pricing, the ones that
remain could fill and even overfill that gap.
Using cost-based pricing, we will be able to track costs of production clearly. The price will
not depend on consumers and we there is potential for high amounts of profit. However,
we will have low customer relations who may not want our service again because of the
high price.
COURSE CONCEPTS
Developing a New Product (Chapter 10)
Different types of market testing like pre-market testing and test marketing to
introduce and promote a new product – especially since Decoline isn’t sold in stores
Implementing the Marketing mix to determine the product launch
9. Pricing Strategies and Break-Even Analysis (Chapter 12)
Described the main types of strategies and ad different methods to figure out
potentials costs
Considered variable costs, fixed costs, and total costs of case and calculated the
break even point which is also market equilibrium
Used this information to determine our price for the product
Profile Segments (Chapter 8)
helped us determine what category out target market would fall under
describes different types of market segmentations to classify and group our
potential customers
showed different segmentation strategies which put potential consumers into
groups with similar characteristics and environmental influences
REFERENCES
Dhruv Grewal ,Michael Levy, Ajax Persaud, Shirley Litchi
Marketing Canadian edition
Canadian edition
United states
McGraw-Hill Companies
We did not use any outside resources because there was no history or Canty International
on the internet.