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PRIMUS CONSULTING GROUP Primus is a firm of consultants that focuses on process reengineering and quality improvement initiatives. Northwood industries have asked Primus to conduct a study aimed at improving on- time delivery. Normal practice for Primus is to bill for consultant time at standard rates plus actual travel cost and estimated overhead. However, Northwood has offered a flat $70,000 for the job. Currently, Primus has excess capacity so it can take on the Northwood job without turning other business and without hiring additional staff. If normal practices were followed, the bill would be: Classification Hours Rate Amount Partner 90 $260 $23,400 Senior consultant 125 $160 20,000 Staff consultant 60 $ 90 14,400 Travel costs 18,000 Overhead at $30 per non-partner hour 8,500 Total $84,350 Overhead (computer cost, rent, utilities, paper, copying etc.) is determined at the start of the year by dividing estimated annual overhead cost ($2,400,000) by total estimated non-partner hours (80,000 hours). Approximately 20 percent of the total amount is variable costs. All Primus employees receive a fixed wage (i.e., there is no compensation for overtime). Annual compensation in the previous year amounted to the following: Per Hour Partner $250 Senior consultant $150 Staff consultant $ 80 Required What will be the effect on company profit related to accepting the Northwood Industries job? What qualitative factors should be considered in the decision whether to accept the job or not?
Operationalize the dependent variable in the following hypothesis statement as a nominal-level measure, “It is hypothesized that people who complete annual physical exams (compared to those who do not complete annual physical exams) will be healthy.”
Hahn Manufacturing has been purchasing a key component of one of its products from a local supplier. The current purchase price is $1500 per unit. Efforts to standardize parts have succeeded to the point that this same component can now be used in fi..
Describe benefits of a network strategy which streamlines operational procedures. Explain effects of using various quality management techniques on productivity.
a. What is Office Supreme's optimal ordering quantity? b. What is the reorder point? c. What is the annual number of orders? d. What is the optimal interval (in working days) between orders? e. What are the annual carrying cost, ordering cost and ..
In an overview of major operations planning activities in a typical service organization which of subsequent activities follows aggregate sales and operations planning.
Project management is a fundamental skill in an organization no matter what the economic climate. How does the current economic climate affect strategic planning for the organization as well as for project management?
Estimate the number of repetitions that new service worker Irene will require to achieve “standard” if the standard is 19 minutes per repetition. She took 30 minutes to do the initial repetition and 25 minutes to do the next repetition.
Review the following learning objective from the text: Describe four qualitative forecasting techniques. Then, explain why you agree or disagree with the following statement:Knowledge about what customers are likely to do is much more valuable than i..
Which of the follwing could not be used as a fire wall?
The overthrow of the medieval guild system was a breakthrough in the rise of the West and freedom in general. There's recently been a retrogression by way of mandatory professional licensure. Friedman discusses the problem generally, then talks speci..
You are the new appointed chief information officer (CIO) of an 80-bed long-term care (LTC) facility. The chief executive officer (CEO) needs a system security evaluation of the organization's information systems for documentation for The Joint Co..
Using the University online library resources and the Internet, research methods of conducting internal and external environment analyses. Select at least three (3) scholarly sources to support the information in your report.
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