Covid 19 has caused an economic meltdown globally. Suppose, you are an owner of a popular export oriented readymade garments company in Bangladesh. How would your business have impacted due to the Corona outbreak? Answer the question based on your knowledge of product cost, period cost and CVP analysis ONLY.
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Covid 19 has caused an economic meltdown globally. Suppose, you are an owner of a popular export oriented readymade garments company in Bangladesh. How would your business have impacted due to the Corona outbreak? Answer the question based on your knowledge of product cost, period cost and CVP analysis ONLY.
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- Suppose that you have been given a summer job as an Intern at Issac Alrcams, a company that manufactures sophisticated spy cameras for remote-controlled millitary reconnalssance alrcraft. The company, which is privately owned, has approached a bank for a loan to help finance its growth. The bank requires financlal statements before approving the loan. Requlred: Classify each cost listed below as elther a product cost or a perlod cost for the purpose of preparing financial statements for the bank. Costs Product Cost or Period Cost 1. Depreciation on salespersons' cars. 2. Rent on equipment used in the factory. 3. Lubricants used for machine maintenance. 4. Salaries of personnel who work in the finished goods warehouse. 5. Soap and paper towels used by factory workers at the end of a shift. 6. Factory supervisors' salaries. 7. Heat, water, and power consumed in the factory. 8. Materials used for boxing products for shipment overseas. (Units are not normally boxed.) 9. Advertising costs.…Which statements are TRUE? 1. Minimum wage laws check the problem of purchasing power of income and solve income inequality. 2. In developing countries, demographic transition was slower than in developed countries. 3. Rural-urban migration can be prevented primarily through provision of free education. 4. Agglomeration refers to the coming together of firms whose products are correlated in a location thus allowing for the coming together of their workers. 5. Prisoner’s Dilemma takes place when the actions taken by one firm gives the incentives for other agents to take similar action.Which of the following is relevant to Kitchenware.com’s decision to accept a special order at a lower sale price from a large customer in China? a. The cost of shipping the order to the customer b. The cost of Kitchenware.com’s warehouses in the United States c. Founder Eric Crowley’s salary d. Kitchenware.com’s investment in its Web site
- Which of the following is relevant to Kitchenware.com’s decision to accept a special order at a lower sale price from a large customer in China? The cost of shipping the order to the customer. The cost of Kitchenware.com’s warehouses in the United States Founder Eric Crowley’s salary Kitchenware.com’s investment in its Web siteSaifi halwa is running a successful business in Nizwa. They are supplying halwa to different suppliers in Dakhliya Region. They want to be economical and efficient in their business. It means they have to Decrease non-productive work within the organization Increase non-productive activities within the organization Decrease production of the product Increase production without considering the quantityYou are a supply chain manager at a UK firm. In 2010, a volcano broke out in Iceland, disrupting air travel across Europe. On the one hand, you are considering switching to local suppliers in the UK. On the other hand, you feel bad about abandoning your Asian suppliers, with whom you have built a pleasant personal and business relationship, and who – in the long run – may be able to deliver products much cheaper. Yet, your tightly coordinated production cannot afford to miss one supply shipment. How do you proceed?
- Paper factories emit chemicals as a waste product. This generates a cost to society that is not paid for by the firm; therefore, pollution is a negative externality of paper production. Suppose the U.S. government wants to correct this market failure by getting firms to internalize the cost of pollution. To do this, the government can charge firms for pollution rights (the right to emit a given quantity of chemicals). The following graph shows the daily demand for pollution rights. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. Suppose the government has determined that the socially optimal quantity of chemical pollution is 120 million tons per day. One way governments can charge firms for pollution rights is by imposing a per-unit tax on emissions. A tax (or price…Consider how Break-Even analysis would change (i.e. how is the breakeven point affected) in the following scenarios. Note that each scenario is independent and all non-specified factors remain unchanged: The firm finds it necessary to reduce the sales price per unit because of competitive conditions in the market. The firm’s direct labor costs increase as a result of a new labor contract The Occupational Safety and Health Administration requires the firm to install new ventilating equipment in its plant (assume that this action has no effect on worker productivity). In your paper, make sure to demonstrate how Break-Even analysis might align with Biblical Perspectives and also discuss how this type of analysis might affect or has affected your decision-making whether in business or personal ventures.Suppose that Adriana’s decision was prompted mostly by the desire to receivethe computer quickly. Informed that it was losing sales because of the longertime to produce and deliver its products, the management of the company producing Drantex decided to improve delivery performance by improving its internal processes. These improvements decreased the number of defective units andthe time required to produce its product. Consequently, delivery time and costsboth decreased, and the company was able to lower its prices on Drantex.Explain how these actions translate into strengthening the competitive positionof the Drantex PC relative to the Confiar PC. Also discuss the implications forthe management accounting information system.
- "Companies with labor incentive manufacturing processes are most likely to benefit from sending manufacturing operations overseas because the bulk of potential cost savings relate to labor costs".Question: Prepare an analysis showing whether a product line or other business segment should be added or dropped. Note: Samsung Electronics Co. Ltd. (Samsung Electronics)"Companies with labor incentive manufacturing processes are most likely to benefit from sending manufacturing operations overseas because the bulk of potential cost savings relate to labor costs".Question: Identify relevant and irrelevant costs and benefits in a decision. (Note: Samsung Manufacturing)"Companies with labor incentive manufacturing processes are most likely to benefit from sending manufacturing operations overseas because the bulk of potential cost savings relate to labor costs".Question: Prepare an analysis showing whether a product line or other business segment should be added or dropped.(Note: Samsung Manufacturing)