A classic pen case is a timeless and practical accessory that can be used by anyone, from students to professionals. It is a compact and convenient way to store and transport pens, pencils, and other writing instruments.
A classic pen case is typically made of leather or other durable materials such as canvas or nylon. It is designed to protect the pens and pencils inside from damage, such as scratches, dents, and ink spills. Many classic pen cases also have additional compartments or pockets to store other small items such as erasers, sharpeners, or even paper clips.
One of the main advantages of a classic pen case is its compact size. It can easily fit into a backpack, briefcase, or purse, making it convenient for those who need to take their writing instruments with them on the go. This is particularly useful for students who may need to bring their pens and pencils to class or for professionals who need to have their writing tools readily available for meetings or presentations.
In addition to its practicality, a classic pen case can also be a stylish accessory. Many classic pen cases are available in a range of colors and designs, making it easy to find one that matches an individual's personal style. This can be particularly important for professionals who want to present a polished and professional appearance.
Overall, a classic pen case is a practical and stylish accessory that can be used by anyone who needs to store and transport pens and pencils. Whether you are a student, a professional, or just someone who enjoys writing, a classic pen case can be a useful and convenient tool to have on hand.
Classic Pen Case blog.sigma-systems.com
Toys is calculating its manufacturing overhead costs ononly on one cost driver, the direct labor. The second is not visible in the preview. This factor results in 63 62. This will not only reduce Hines working time and increase the production capacity also control the whole production and design processes completely. They have determined overhead to be 300% of direct labour costs, when previously the overhead cost was only 200%. Write a brief memo to Kay Aproveche that explains what ABC is, and that discusses both the benefits and costs of doing an ABC analysis. Table of contents AVS buys the grapes at the point that they have ripened on the vine.
Most of the indirect labour costs and computer system costs are related to scheduling and purchasing. The sales prices are determined as %3 more for Red nd 10% more for Purple with an expecance of higher margins. Toy Case Study The second is the costing system currently being used in the Chicago plant. The 27,000 pounds of grapes will result in an additional 9,000 bottles of Chardonnay regular wine being produced. Order custom essay Classic Pen Co. This would sort production into categories giving each a unique contribution margin. The following discussion contains the answers to the questions listed in the case and does not detail the solutions to alternative questions.
The red and purple inks also did not disguise residual ink left in the vat nearly as well as the black ink could, so not only were the emptying the vats more often, they were spending a great deal more time cleaning them out in order to meet the color quality standards needed in order to sell the pens. . Toys should change its existing costaccounting system from the legacy or traditional costing methodologyto activity-based costing ABC. Since overhead at the Chicago plant is high, the cost accounting system must be accurate. Based on the above data the Return on Sales is caculated as follows; When the management decided to reallocate the costs according to ABC Costing; they found out the following data; 1 The costs are Material Cost, Direct labour and Overhead Costs. By adding just two more ink colors, red and purple, the number of direct labor hours significantly increased, which also increased the overhead rate because production was largely increased.
From case facts, we knowthat the manufacturing overhead at the Chicago plant is very high approximately 95% of the overall GG Toys manufacturing overhead The 3 different categories of dolls require different amounts of machine hours and other variable costs. A winemaster is employed to help formulate and test the wines. The costs of ABC are that it is a time-consuming process and it requires a comprehensive knowledge of the entire operation to successfully complete. Write a concise explanation. Assume that AVS did not buy the grapes referred to in Question 2. Moreover, ABC methodology is unnecessary because Springfieldplant is related to producing only one… G.
The crushing process separates the juice from the pulp, skin, and stems. This can be done, but most commonly the juice from the wine grapes is combined at the start of the fermenting process so that they can ferment together. Since the beginning the cost structure was determinded by allocation of overhead cost according to the sales. It is also useful as a tool to calculate activity or process costs, which can act as a benchmark against which to judge future improvements. Five years earlier, RED pens had been introduced; they required the same basic production technology but could be sold at a 3% premium.
Purple pens sell for ten cents more than blue pens, and material costs are only five cents higher. Using ABC to assign costs is especially beneficial where there exists either variation in processes or variations in cost object requirements. Includes costs of crusher equipment and crush labor. It is estimated that 80 pounds of grapes can be harvested each hour. The new RED and PURPLE pens do seem more profitable than our BLUE and BLACK pens, but overall profitability is down, and even the new products are not earning the margins we used to see from our traditional products. Therefore, there have to be enough barrels to hold all the wine at the beginning of the process, not at the end.
The reason for such a large increase in overhead is because of the higher demand for indirect costs due to the addition of more complex and specialized products. Sales Manager Dennis Selmor is just seeing the financial results and is not happy with the numbers. Unfortunately, this strategy which otherwise should be driving profitability is now exhibiting an overall decline in profits as per the financial results. While Blanc de Blanc is not profitable, a product-line contribution analysis would need to be completed to determine if Blanc de Blanc has a positive contribution margin, and therefore contributes to covering fixed costs of AVS. If investment of new machinery is not doable for the company, it would be best to try and cut cost, and focus on standard pens for future investments. The Blanc de Blanc is the poorest performer; recommendations to Kay Aproveche would be to explore both pricing and cost control opportunities for the Blanc de Blanc wine.
Production office — AVS pays a part-time person to help administer the production function. The make-up of this overhead is indirect labour, fringe benefits, computer systems, machinery, maintenance, and energy. They require the same basic production technology but can be sold at 3% and 10% premium selling prices. The amount of wine generated from the grapes is dependent each year on a number of climatic and growth factors such as temperature, length of the growing season, rootstock, and fertilizers used. Case: A Votre Sante Page 9 of 17. Question 4: ABC Quantitative Analysis Teaching Note Exhibit 3 contains the ABC product costing analysis, and shows both the per product line and per-unit costs. Because of the different yield rates in the fermenting process, the case had the wines ferment separately and blend at the end.
