Question 1
2008 Variable manufacturing cost as a percentage of selling price
Product (Variable manufacturing cost/WSP Production) Mark up
Lipstick 16.8/21 80% (21/16.8)-1 25%
Nail polish 10.5/15 70% (15/10.5)-1 43%
Creams 2.8/5.6 50% (5.6/2.8)-1 100% 2010
Product
Lipstick 15.3/18 85% (18/15.3)-1 18%
Nail polish 9.3/11.6 80% (11.6/9.3)-1 25%
Creams 3.3/6.6 50% (6.6/3.3)+1 100%
*Note that these calculations are done for goods produced in the year in question Question 2
(cost of goods manufactured in 2008/ sales value for units produced in 2008) * ending inventory 2008
(16.8/21) * 11.5
9.748 million
Question 3
Luxor uses a FIFO inventory system, so the inventory that is sold first
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- 6.8/(8.0-.0.8) = 0.9 (From Exhibit 2)
Inventory - Find the factor of budgeted ending inventory cost to budget inventory value
i.e. - 6.6/7.0 = 0.9 (from Exhibit 2)
Margins - (Budgeted Sales/Budgeted Cost of Goods Sold) - 1
i.e. - (19.0/18.2) - 1 = 1.0 (rounded)
Income Statement - 2011 Budget Cash Flow - 2011 Budget
Sales 40.0 Cash Receipts From Customers 40.0
Cost of Goods Sold 34.7
Gross Margin 5.3 Cash disbursements
Marketing & Promotion 3.6 Variable Manufacturing 34.1
General Administration 1.3 Fixed Manufacturing 1.0
Interest 1.8 Marketing and Promotion 3.6
Pretax Income -1.4 General Administration 1.3 Interest 1.8
Pro-Forma Year-End
1. For financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units?
LUSH – a global pioneer brand name in cosmetic industry. LUSH which was defined as fresh and green is for its famous natural and handmade cosmetics, which will give customers a unique experience. In introduction we will discuss about the evaluation of LUSH cosmetics, their company profile and their impact on sustainability.
| |Net Operating Income |$6,600,000 |$12,600,000 |$15,000,000 |$7,800,000 |$3,000,000 | | | | | | | | |Taxes |($2,244,000) |($4,284,000) |($5,100,000) |($2,652,000) |($1,020,000) | |Net Operating Profit After Taxes |$4,356,000 |$8,316,000 |$9,900,000 |$5,148,000 |$1,980,000 | | | | | | | | |Net Income |$4,356,000 |$8,316,000 |$9,900,000 |$5,148,000 |$1,980,000 | |Year |Units Sold | |Price Per Unit Year 1 - 4 | |1 |70,000 | |$300 | |2 |120,000 | | | | | |3 |140,000 | |Price Per Unit Year Five | |4 |80,000
Today’s quick-moving world of technology has media texts such as advertisements to make sure that people understand with just a glance. Having adverts on magazines, social media and billboards allow them to use tools such as semiology, genre and narrative because it makes their messages clear instantly. These signs allow us to carry meaning through advertisements, connotations and the signification process. These tools let brands, mainly celebrities, and the option to produce and create a myth of the product such as “Be daring. Be an inspiration” to sell it to the world. We are in a time where advertisers use ‘simplicity’ in their adverts; there are no more paragraphs. It is mainly down to the person and the few words shown in that advert.
"I was a woman with a mission and single-minded in the pursuit of my dream. " -Estee Lauder. Because of her relentless determination in achieving her dream, Estee Lauder transformed her one-woman operation into a multi-billion dollar corporation. Her company, Estee Lauder Inc., dominates the world of beauty and the cosmetics industry in America, earning over $10.2 billion in sales annually. Estee Lauder is a remarkable woman who never lost sight of her dream and never missed an opportunity to get her closer to achieving it.
LUSH Cosmetics is very large, successful company, which carries a dedicated customer base. LUSH has many intriguing components to their company including their history, retail experience, sales points and innovations, and controversial actions. The story of LUSH began in 1977 when Liz Weir, a beauty therapist, and Mark Constantine, a trichologist, met while employed at a hair salon in Poole, Dorset. Once their contracts were up, Constantine convinced Weir to join him in his business endeavors creating beauty products. The products turned out to be extremely popular, they supplied various cosmetics store including The Body Shop.
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Prior to discussing any creative industry, it is crucial that we first define 'creativity '. Creativity refers to the course of producing something original, or in the least, with original elements. Thus, a creative industry refers to economic activities that involve the creation of new, original materials.
Inform other party about not accept offer before deposit of cheque and in that case they can sue other party and other party is entitled to get remaining amount.
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Revlon, Inc. was founded by Charles Revson in 1932, changing the cosmetics industry for the modern world. The company initially popularized matching nail polish and lipstick colors but quickly expanded its focus. Today, Revlon operates in three market segments: consumer, professional, and other. The company is known for its beauty products, including not only nail polish and cosmetics, but also haircare, skincare, and men 's grooming products. With a global presence in 130 countries, Revlon has created strong brand recognition with its consumer base. Its products are of high quality and heavily marketed and sold in large retail stores, chain drug stores, and department store locations. The company now has a broad range of marketing strategies including digital, television, and educational seminars. Furthermore, its strong focus on R&D has made Revlon an industry leader in development of innovative cosmetics and beauty products.
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