Reference no: EM13828329
Research Project
Make sure the written report (the essay) of your project is at least 4-pages in length not including the cover page, reference page, graphs, or any other appendices/schedules.
Below is a list of items that you will need to incorporate into your mass manufacturing business. You are to create a manufacturing plant with 2 separate divisions. Each division will make one type of product (i.e. Textbooks and Pens or Shoes and Purses). You will prepare a professional written report and include three different budgets. You may also include a graph which will examine the business just before the opening day.
As the CEO, you need to consider and research most of the items (especially the bolded ones):
1. What is (are) the equipment(s) needed in order to start the operation (make sure to include prices of the equipment(s)?
2. What types of products will be sold?
3. How many process systems will it take to make these items?
4. What type of management (centralized or decentralized)?
5. How much will your products sell for?
6. How are you going to set your Selling Price? (Market/Cost?)
7. How much will each factory worker be paid? (Provide a general annual wages).
8. How many hours per day will you open and how many days per week?
9. List and express in dollars your factory estimated variable, fixed and mixed costs when applicable.
10. Prepare at least three different budgets and show where the numbers come from:
a. Flexible division budget; b. Zero-based budget; c. Sales budget
d. Production budget; e. DM budget; f. COGS budget; g. Cash payment budget
11. What is included in administration and selling expenses?
12. Calculate the Break Even Point in Unit and in Dollar.
13. Determine the company's Rate of Return.
14. Prepare a budgeted income statement or a simple income statement.
15. Provide a Works Cited page for your three sources.
Key for a higher grade:
Make sure to write your responses to the questions above as an Essay format; do not simply list your response(s) to the question(s). Prepare any budgets and graphs separately and include them as appendices at the end of the written report. I highly recommend to research an existing mass manufacturing business and mimic their production/systems.
Some examples may include EnerDel, Kellogg, Nestle, Vera Bradley, and GM.
This project is not intended to be completed during one evening,
so make sure to plan accordingly in order to meet the due date!
See the General Instructions and the Tips document, in Moodle, for more details.
Revenue for a receipt on account in the amount
: The regular rate of depreciation is 10% per year. Acquisitions and retirements during a year are depreciated at half this rate. There were no purchases during the year. On December 31, 2013, the balance of the Plant and Equipment account was $220..
|
Consumer products pricing decisions
: Consumer Products Pricing Decisions
|
Do the results demonstrate causation or correlation
: What type of research study is it (observational, case study, experimental method, survey, etc.)? Do the results demonstrate causation or correlation
|
Importance of bank relationship management
: There is a growing importance of bank relationship management. Imagine you work in the corporate finance or treasury department of a medium-sized firm that often struggles with cash flow and liquidity.
|
Incorporate into your mass manufacturing business
: Below is a list of items that you will need to incorporate into your mass manufacturing business. You are to create a manufacturing plant with 2 separate divisions. Each division will make one type of product (i.e. Textbooks and Pens or Shoes and Pur..
|
Report on porters five force
: Report on Porters Five Force
|
Developing a personal investment strategy
: First analyse your own situation and risk profile (character, life-style, time horizon, objectives, etc.), then reflect this is a portfolio of funds or ETF using the examples and providers chosen from David Costa's book (you can also use any ETF a..
|
Explain the purpose of the program
: If the return value of insurable in the InsureProcess module is true, the program asks for the year of the car. That year is passed to the checkYear module and returns a value of true to the insurable variable, if the car is new enough.
|
Recommendations for howard schultz to sustain in the years
: Recommendations for Howard Schultz to sustain in the years to come
|