Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The Blueray Ltd produces a range of products. The firm uses full manufacturing cost plus pricing to determine the selling price of products. An enquiry for a batch of 500 units of product X1A has been received. The estimated costs and production times for the batch are as follows:
Product X
Product X1A
500 units
Direct Costs
Materials
£20,000
Labour Dept A
300 hours
£8.00 per hour
Labour Dept B
400 hours
£9.00 per hour
Factory Overheads*
Dept A
£15 per labour hour
Dept B
£10 per labour hour
Recovery of Sales and Administrative overhead Costs
40% is added to the total manufacturing costs
* Recovery method - Direct Labour Hours for both departments. All factory overheads are fixed costs.
The firm's normal profit margin is 15% of the selling price.
Required.
a. i. Calculate the selling price per unit.
ii. The net profit per unit.
iii. The total profit for the batch.
b. For product X1A calculate the markup required to give the same selling price per unit as you have calculated in a(i) if the firm uses marginal cost plus pricing
c. Cost plus pricing suffers from a circular argument problem. Explain what the circular argument problem is and critically evaluate the role marketing plays in resolving this problem.
Write reflective journal entries on any topic/concept related to elements of strategy.
Explain Product failure and DailyFinance is a consumer finance site that helps consumers manage their money and understand
Create one innovative approach that is not discussed in the textbook for increasing the amount of innovation within a large company. Describe this approach in detail and explain how companies could benefit from it.
Explain Major Components of Strategic Funds - SMC Millennium and The final phase of the marketing plan for the SMC Millennium will conclude with the marketing mix components of place and promotion and discuss public relations along with advertising
Explain Social media consumer information and discuss how you think marketing departments can utilize social media consumer information to benefit their company and their customers while also taking into account privacy concerns
Explain What types of processes/procedures need to be included in the overall operations management processes to ensure ethical behavior
Explain Important information about FedEx and Examine the importance of demographics and physical infrastructure
Explain What are some ways databases are used in the work environment and what are some ways database use could be improved in the workplace
Explain Cultural differences affecting the marketing mix and The world is shrinking rapidly with the advent of faster communication and transportation and financial flows
Explain the Ansoff Product-Market Expansion Grid and discuss its importance in strategic marketing planning. You are required to support your answer using examples from the tourism and hospitality industry
Explain The answer to Supply Chain and What factors need to be considered when running an E-business in respect to a global supply chain
Explain Marketing strategy - explained and Provide a description of the goals you will set to achieve and how your strategies will bring you closer to the achieving those goals
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd