Artisan Home designs and manufactures furniture and other home décor items, such as bedding and dishware. Approximately every other year, it rolls out a new set of product lines designed by famous artists and designers te capitalize on their well-known names. What is the best way Artisan Home can work with these artists and designe a) Set up license agreements that allow Artisan Home to use a limited number of designs b) Merge each artist's or designer's business into the Artisan Home family c) Hire each artist or designer for a couple of years, but then terminate their employment when the product E are ready for sale a) Hire a small number of artists and designers to produce new designs every two years on an ongoing basis

Pastel Bags (PB) is a designer of high-quality backpacks and purses. Each design is made in small batches. Each spring, PB comes out with new designs for the backpack and for the purse. The company uses these designs for a year and then moves on to the next trend. The bags are all made on the same fabrication equipment that is expected to operate at capacity. The equipment must be switched over to a new design and set-up to prepare for the production of each new batch of products. When completed, each batch of products is immediately shipped to a wholesaler. Shipping costs vary with the number of shipments.   Budgeted information for the next financial year is:   Pastel Bags: budgeted costs and activities Direct materials—purses $319 155 Direct materials—backpacks 454 995 Direct production labour—purses 99 000 Direct production labour—backpacks 113 000 Set-up 64 000 Shipping 73 000 Design 169 000 Plant utilities and administration 221…

Stefan Ceramics is in the business of selling ceramic vases. It has two departments – molding and finishing. Molding department purchases tungsten carbide and produces ceramic vases out of it. Ceramic Vases are then transferred to finishing department, which designs it as per the requirement of the customers.   During the month of July, molding department purchased 720 kgs of tungsten carbide at $280 per kg. It started manufacture of 4200 vases and completed and transferred 3200 vases during the month. It has 1000 vases in the process at the end of the month. It incurred direct labor charges of $1900 and other manufacturing costs of $500, which included electricity costs of $900. Stefan had no inventory of tungsten carbide at the end of the month. It also had no beginning inventory of vases. The ending inventory was 45% complete in respect of conversion costs. Required: What is the cost of tungsten carbide that will be assigned to vases finished and transferred to the finishing…

Denger