We have the resources in North America to become...

We have the resources in North America to become self-sufficient on our oil instead of Middle Eastern oil. Oil was first discovered in America in 1859 in Titusville, Pennsylvania. (Klare). 155 years later we still are getting oil from countries halfway around the world. Without discovering oil in the US, it would not have given rise to large multinational companies like John D Rockefeller Standard Oil, the big three auto factories, DuPont, airlines/freight industry, and other chemical companies. These companies employed most workers of the last century (Klare). Why can’t we do this now? If we drill here at home, it will trigger a domino effect to every job. For example, a well driller needs a truck to get to work causing him to buy gas;†¦show more content†¦The US wet natural gas reserves are at 322.7 trillion cubic feet (OGJ). US natural gas production is 25.308 billion cubic feet last year, but our consumption was 25.533 billion feet last year (North America). We di d have to import the extra natural gas from Canada, even though there are proved natural gas reserves at 320+ trillion cubic feet sitting right below the land we call home. Moreover, US drilling climbed from a 2 year high by another 10 rigs to 1706 working compared with 1161 the previous year. Land drilling total was 1683 rigs and offshore was 23. 948 were drilling for natural gas and oil rigs increased to 763. Seasonal conditions for rig movement improved caused an increase in rigs to start drilling (OGJ). These rigs work around the clock using three shifts and costing the oil companies $45,000 a day to run. Doing the math it cost $76.77 million to run all the rigs per day. The military spent about 1 trillion dollars in Middle Eastern operations over the years for oil. Private companies are spending an extraordinary amount of money to bring the fuel to the surface. Unfortunately, their efforts are not enough to meet demand. As some of you may know, Canada is one of the world’s largest energy producers and is a principal source of US energy imports. Canada has oil sands that are unconventional, but a significant contributor to the growth of liquid fuel supply (North America). Oil sands are areas where the sand absorbed the oil. Refineries pull the oil fromShow MoreRelatedOil And Demand For Oil1174 Words   |  5 PagesCrude oil is one of the most economically mature commodity markets in the world. Even though most crude oil is produced by a relatively small number of companies, and often in remote locations that are very far from the point of consumption but it is shipped all over the world. The global supply and demand determines prices for oil. Events around the world can affect the prices at our home for oil-based energy. 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An immense amount that’s even hard toRead MoreOil Producers vs. Oil Users1439 Words   |  6 PagesOil producers vs. Oil consumers The oil industry has very clear players, there are countries that consume the most of the oil production and there are countries that produce almost all oil. On the side of the biggest oil consumers are the US and Europe and on the side of the greatest Oil producers are countries like Saudi Arabia, Iran, Iraq, the United Arab Emirates and others. The Oil producers saw an opportunity to have major power and influence the price of oil by establishing an organizationRead MoreThe Rise Of The Oil Of Oil, Money, And Power1431 Words   |  6 PagesIn this world, there are pointless wars going on for oil, money, and power. Pointless economic wars throughout the countries going on and for what? 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The Unexplained Puzzle Into Speech Essay Samples

The Unexplained Puzzle Into Speech Essay Samples A Startling Fact about Speech Essay Samples Uncovered It reduces the degree of stress by casting into the shade the numerous pressures of everyday life. Do everything you can to engage the audience. When you have the proper knowledge you also need to learn to deliver it in the most convincing method. Do not waste the opening by giving the main message first. The topic will find out the concentration and attention you receive from the audience. In addition, the theme needs to be captivating to the audience. Pay attention to your general message. Every one of these sections aim at developing the central subject of the speech. New Ideas Into Speech Essay Samples Never Before Revealed Whether you locate a sample on your specified topic or a closely related discussion, all the speeches will be able to help you get organized and focused. Essays are speeches are being written on the grounds of researches that is happening in this discipline. Speeches are easy to write and present. When you compose a persuasive essay speech make certain that it is both factual and informative. Write a couple of sentences to remind your audience tips that you have expressed in the introduction. Deciding a topic has become the most important role in informative essay writing. When writing a speech, it's important to get topic sentences that represent the principal points that support the major theme. Just visit the search field, put in your topic and realize the list of essays collected from our site. What You Need to Do About Speech Essay Samples If you're busy with their other responsibilities, you've come to the correct spot. It requires adequate preparation and planning and in some instances it's simpler to order the speech at ghostwriting service. You should begin with gathering information about various aspects. When students collaborate with our academic scholars, they don't have to be concerned about the last effect of using our services. Persuasive speech topics aren't restricted to any area. To begin with, you should understand what a speech entails. If you're frightened of giving a speech, we can assist you. An informative speech is all but the exact same as a demonstrative speech but differs in the simple fact it does not take advantage of demonstrations. Speech Essay Samples - the Story Speakers who give demonstrative speeches also make usage of presentations which include the usage of pictures and designs which help to reinforce the message. It's worth to get the most effective persuasive speech topics from experts than to do it yourself and don't fulfill the mandatory standard of a university student's speech. If you wish to learn to compose a speech, you will certainly require some strategies and advices. If your speech is very confusing or it follows a complicated path with lots of of acronyms, look at building a PowerPoint presentation with a couple slides that give a visual aid. The Battle Over Speech Essay Samples and How to Win It You can't just offer a plain and easy start a speech whenever your goal is to let them understand and believe every word you say. Hence in everybody's definition another will locate a flaw in the way that they may see the speech community. You are most likely thinking of a clever way on the best way to escape from the circumstance where you most likely have not ever imagined. It primarily is made up of what you would usually find in a fundamental introduction when meeting a person for the very first moment. The very first step to writing a very good speech is choosing the correct or suitable topic. Don't worry, even if you've got zero idea on what to write in your speech, we can help you locate your motivation and an ideal topic. In order in order to persuade your preferred target audience to agree with your standpoint, picking an excellent persuasive speech topic is vital. Persuasive speech examples are the best-fit option for everyone who does not have any concept of the way to start the assignment and the way to guarantee the last copy is spot on. The Chronicles of Speech Essay Samples Individuals that are sensitive, who might cry or get upset. People do get a great deal of money in Casinos. Freedom is really the most fundamental duty of every individual on earth.

Ownership of Accounting Firms-Free-Samples-Myassignmenthelp.com

Question: Discuss about the Accounting firm that operate under the Parnership Model. Answer: Introduction Different kind of ownership is present and can be used by the business to attain the goals. In this report, the major emphasis is on the accounting firms that operate under the partnership model, as well as privately owned. The report highlights the concept of private versus public ownership. As per the report, it is clear that the partnership firm is more important in the general course of business and leads to high level of productivity. From the report, it is clearly indicated that the market and the service must be focussed and then a decision regarding the shift to new form must be done. Moreover, the report stresses on the fact that why what are the different forms of ownership that can be undertaken as per the functioning. Case study There are various types of organizations, however, the publicly listed companies that are the PLCs has assumed a place of vital importance. Further, there have been cases of gradual shifts from the partnership form of business to other forms of business that include incorporations, limited liability partnership, and PLCs (Pickering, 2012). Going by the normal functioning it can be said that the partnership form of business has contributed to the performance of the professional firms. It is due to the fact that the partnership form is easy to operate and function. This leads to a better result and helps in reaping benefits. The research question indicates the partnership versus public ownership. The chapter is based on the performance of the accounting firms. As per the chapter, the major emphasis is on the accounting firms and has been specifically studied so as to derive the fact that whether the partnership form of business is more efficient in nature. The ownership structure of the professional firm is the major consideration in this scenario (Pickering, 2010). As per Pickering, the benefit can be generated when there the firm can operate in a well-defined manner. The form of business must suit the taste of the business so that a better yield can be gathered. The partnership versus public ownership of partnership firm indicates the level to which these structures are beneficial. Going by the case study, it is observed that both the structures ha their own pros and cons. Professional service firms through the concept of partnership are likely to benefit from the scenario because productivity is highe r and leads to the better projection of the materials (Pickering, 2012). Overview As per the normal scenario, it can be stated that partnership is the most efficient form for professional service firms (PSFs). However, a gradual movement is witnessed to public listed companies. This has indicated that the PSFs are transferring to a less efficient form. Going by the case study it was observed that the public owned companies had a higher level of growth but productivity was on the lower verge (Greenwood, 2007). Hence, it signifies that multiple measures must be undertaken for the evaluation of the complex constructs. Moreover, the research remained limited owing to the lack of information. Moreover, there has been limited data availability and hence finding s was not appropriate in nature. Case study link with the topic The case study question relates to the topic in the manner that the partnership, as well as public ownership, needs better coordination so that the fluency of both the firms remains undisturbed. The ownership can be changed when there is a better coordination among the management. There might be a difference in the revenue, however, will have a difference in the productivity too. However, going by the case study it can be commented which among the two is better suited for the purpose of business. Selection of the case study The group chooses this case study because the study has been conducted with the help of two Australian Accounting PLC in contrast to the sample of an accounting firm that is mid tier. This case study highlights the fact that the accounting PLCs has attained a string revenue growth rate but productivity has been lower as compared to the sample of the partnership (Von, 2007). Hence, the major emphasis was on the performance of the publicly owned PSFs in contrast to the partnership. Another reason why the group selected this is that the proxy measures used in the study give an indication of the sample public listed company in contrast to the partnership sample (Pickering, 2012). Further, the group wanted to stress on the fact and bring better disclosure to the forefront regarding the partnership versus public ownership. References Pickering, M. E 2012, Partnership Versus Public Ownership of Accounting Firms: Exploring Relative Performance, Performance Measurement and Measurement Issues, Australasian Accounting, Business and Finance Journal vol. 6, no. 3, pp. 2012, 65-84 Greenwood, R, Deephouse, DL Li, SX 2007, Ownership and performance of Professional Service Firms, Organization Studies, vol.28, no.2, pp219-238. Pickering, M 2010, Benefits expected by accounting firm partners selling their firms to publicly listed companies, Australian Accounting Review, vol. 20, no.4, pp. 358-371. Von N, A 2007, Is public ownership bad for professional service firms? Ad agency ownership, performance, and creativity, Academy of Management Journal, vol.50, no.2, pp. 429-445.

Margaret Thatcher - Joint Session of Congress Speech free essay sample

Coffee Bean Inc. Costing Analysis

Coffee Bean Inc. Costing Analysis Free Online Research Papers This report analyses the costs associated with two of Coffee Beans Inc. products, Moana Loa and Malaysian blends based on two different costing methodologies, namely the traditional job costing system that the company uses so far and the Activity Based Costing (ABC). ABC provides us with a more detailed and accurate estimation of the real cost of the products and it can serve as the basis for suitable strategic decisions, concerning products mix, pricing, suppliers and market positioning. A major issue that have to be concerned is the discontinuation or not of Malaysian blend. Appropriate recommendations and alternative solutions are being provided in order to facilitate the strategic decision process and help the Board of Directors to go to the right direction that will optimize our product mix, strengthen our position in the market and boost our operating profit. TABLE OF CONTENTS 1. Introduction 1 2. Traditional Costing method 2 3. Activity Based Costing (ABC) 3 4. Comparison Between the Results of Traditional Costing and Activity Based Costing for Coffee Bean Inc. 5 5. Conclusions 6 6. Recommendations 7 7. Appendix 9 1. Introduction Traditionally, companies used costing based solely on direct labor or machine hours in order to allocate indirect costs to products. A more recent approach is the Activity Based Costing (ABC) that first accumulates overhead costs for each of the activities of an organization, and then assigns the costs of activities to the products, services, or other cost objects that caused that activity. The present report will investigate the costs structure of two products of Coffee Bean Inc., Moana Loa and Malaysian. Initially, the so far applied traditional method will be presented. Then, the refined costing system of Activity Based Costing will be examined. Following there will be a comparison of the two methods with an effort to locate points that will reveal inconsistencies in costing and subsequent pricing of the products. The aim is Coffee Bean Inc. to identify precisely which drivers dominate the cost of each blend and actively adjust its product mix, pricing, purchasing and marketing strategy. Conclusions and recommendations on possible routes of problems, solutions or strategies to follow will be thoroughly discussed and a crystal clear image of the â€Å"cause-effect† relationship of all stages and factors in each blend will be drawn. 2. Traditional Costing method The first method of costing used to evaluate the Coffee Bean products’ costs and profitability is the traditional costing method. This provides an initial base for comparison in order to assess the Malaysian and Moana Loa coffee blends against each other. The traditional costing method classifies all manufacturing costs of products into three big categories, these being direct materials, direct labor and manufacturing overhead. Direct materials and labor are straightforward in the case of Coffee Bean Inc. Company data provided breakdown these costs for both coffee blends in question. On the other hand, the third category of manufacturing overhead may not always be as accurate as it is applied based on a weighted average for the products. The calculation of all three categories is discussed in the following paragraphs. Data is provided for the direct cost of Moana Loa and Malaysian coffees as well as the direct labor costs (Table 1). In addition, a prediction of production in pounds for each product is 100.000 and 2.000 respectively. Given the above inputs, the following direct costs are extracted: Moan Loa Direct Material Cost Moan Loa Direct Labor Cost Malaysian Direct Material Cost Malaysian Direct Labor Cost The manufacturing overhead budget provides us with a schedule of costs for coffee bean products including all other costs other than direct labor and materials. In order to determine the indirect manufacturing costs, the overhead rate used to charge all the indirect manufacturing costs is determined. The product of the overhead rate along with the direct cost allocated to each coffee brand provide a figure of the indirect manufacturing overhead which can be allocated to each blend. Overhead rate = Total budgeted manufacturing overhead / budgeted direct labor cost ? Overhead rate = = 5 Having all three categories of conventional costing and the quantity of each blend required for production, a budgeted cost and price of each blend can be acquired ( Table 2). It is evident that the budgeted cost and price of Moana Loa blend is higher than that of Malaysian, reaching values of $6.00 and $5.00 respectively. Given that the direct material cost is the only different driver in value, and all other costs are found as a product of common rates with quantity, this result is expected. Higher direct material cost of Moana Loa, leads to higher price. This result is seen with skepticism since the data provided for the different activities does differ with blend choice, and to assign manufacturing costs based on weighted averages of production is a simplistic way to go. The effect the different activity costs provided per blend have on their budgeted costs is investigated in the following sections. 3. Activity Based Costing (ABC) The second method of costing used to evaluate the coffee bean products’ costs and profitability is the Activity Based Costing (ABC) method. This method will reveal the link between performing particular activities like purchasing, materials handling, quality control, processing beans which consist our indirect costs, and the demands those activities make on the organization’s resources. In contrast with traditional method, in ABC the expenses incurred to produce individual units of particular products (Malaysian and Moana Loa coffee blends) are separated from the expenses needed to produce these different products. Concerning the activities of roasting, blending and packaging, they have the same overhead cost per hour. Hence, they all can be included in a pool of processing costs since they are homogeneous with a cost allocation base or hours of processing. (Table 4). Activity Cost-Allocation Base Budgeted Activity Budgeted Cost Roasting Roasting hours 96.100 $961.000 Blending Blending hours 33.600 $336.000 Blending Packaging hours 26.000 $260.000 Processing Beans Processing hours 155.700 $1.557.000 In order to proceed to ABC method, the cost allocation rate is needed. Using data in table 4 of the appendix the following results arise. Purchasing Cost Allocation Rate =$579.000 Budg. Cost / 1.158 Budg. Activity= $500 Material handling Allocation Rate = $720.000 Budg. Cost / 1.800 Budg. Activity= $400 Quality control Allocation Rate =$144.000 Budg. Cost / 600 Budg. Activity= $240 Roasting Allocation Rate =$961.000 Budg. Cost / 96.100 Budg. Activity= $10 Blending Allocation Rate =$336.000 Budg. Cost / 33.600 Budg. Activity= $10 Packaging Allocation Rate =$260.000 Budg. Cost / 26.000 Budg. Activity= $10 In addition to the cost allocation rate, the rate per unit of each cost allocation base used to allocate indirect costs (activities) to the products is required. Activities are bonded with activity drivers. Thus, activities like purchasing, materials handling and quality control are linked with cost drivers known as transaction drivers where the number of times an activity occurs matters. On the other hand, processing activities are associated with duration cost drivers where the time needed for the completion of each activity is of importance. Each activity uses a specific cost allocation base. Retrieving data from Table 5 of the appendix, the amount allocated to the cost base used is found. Activity Cost-Allocation Base Moana Loa Malaysian Purchasing Purchase orders 4 4 Materials handling Setups 30 12 Quality control Batches 10 4 Processing beans Processing hours 1.600 32 Purchase Orders=Exp. Sales (pounds)/Purchase order size (pounds) Setups=Setups per Batch x Batches Batches=Expected Sales(Pounds)/Batch Size (Pounds) Processing Hours= Processing Beans*Expected Sales (pounds)/100 In order to proceed to the calculation of the budgeted costs and prices of the two blends, the contribution of each direct and indirect (activity) cost per pound are calculated (Table 6 of the Appendix). Purchasing Cost per Pound=Purchasing Orders Used*Purchasing Cost Alloc Rate/Setups per batch. Materials Handling=Setups Used*Set Up Cost Allocation Rate/Setups per batch. Quality Control per pound=Batches Used*Batches Cost Allocation Rate/ Setups per batch. Processing Beans per pound=Process. Hrs Used* Process. Hrs Cost Allocation Rate/ Setups per batch Having completed all the above steps we are in a position to find the total budgeted cost and price of each blend (Table 7 of the Appendix). It is deduced that budgeted cost and price of Moan Loa blend is lower that of Malaysian having values $4.82 and $6.27 respectively contrary to the values of $7.54 and $9.80 of Malaysian blend. The number of the outputs affects the budgeted costs and prices of the blends. Economies of scale are introduced in the production of Moana Loa contrary to Malaysian coffee. In the first blend the expectation of 100.000 pounds sales allows bigger distribution of cost per pound. At the same time forecasted sales of 2.000 pounds for Malaysian coffee do not let the product to benefit through this method as the cost and the price is higher. The contradicting results arising from the application of the two costing methods (traditional and ABC) are further analyzed. 4. Comparison Between the Results of Traditional Costing and Activity Based Costing for Coffee Bean Inc. The first evident difference which arises from the application of the two aforementioned costing methods is the significant gap between the final cost figure of each method (and consequently the big difference in the price of each blend). With traditional costing the cost of Moana Loa is 25% higher than in the case of ABC ($6.00 Traditional, $4.82 ABC) while for Malaysian blend the cost when calculated with the traditional method is almost 51% lower than what in the ABC case ($5.00 Traditional, $7.54 ABC). The reason for this cost (and consequently price) difference is the fundamental difference between the two costing systems which is the assumption in traditional costing that cost objects consume resources whereas in ABC it is assumed that cost objects consume activities. Another thing that becomes clear with the use of ABC but could not be observed with the use of the traditional costing method is the fact that the item with the lower material cost is actually the one with the higher price (the cost of the raw material for the Malaysian blend is 24% lower than the cost of raw material for the Moana Loa blend while the price of the Malaysian blend is 56% higher than the price of the Moana Loa blend). The above observation can be explained by the fact that in the case of the Moana Loa blend we have economies of scale, so the total cost per pound is lower than the total cost per pound of the Malaysian blend, even thought the cost for the raw material is higher for the Moana Loa and lower for the Malaysian blend. In general after observing the results of the two methods we may say that in the case of the traditional costing method the usually deceiving results that we obtain do not allow us to notice and take actions for cases of mispricing, do not always make clear the cases of economies of scale, do not make us wonder about the effectiveness of our product mix an so on. It is obvious that without accurate cost figures, management cannot make accurate observations and take actions regarding important issues. 5. Conclusions Following that comparison between the existing costing system, which is based on the direct labor cost for the production of each products, and the Activity Based Costing we can derive the following interesting conclusions: The actual cost of Malaysian coffee is higher than the price that it is currently sold ($7.54 vs. $6.50). Hence, a loss of $1.04 per unit is occurring from selling that product. The two products are both mispriced. Moana Loa is overpriced (the price should be lower than the current, after the addition of the 30% mark-up at he new cost). Malaysian is underpriced and a loss is incurring with every unit sold. It is almost certain that more of the remaining 13 products of the company will be also over- or underpriced under the existing costing system. That leads in a totally wrong pricing strategy and is a marketing drawback when the products take their position in the selves of the stores. The total operating profit will be lower in the case we decide just to adjust our prices to the new cost estimations and continue selling the products. Moreover, there is a high probability that the sales of Malaysian, will drop dramatically because it will be too expensive for the quality it offers. From the cost structure under the two different costing methods, it is notable that the indirect cost for Moana Loa is 25% with traditional costing and only 6.72% with ABC and for Malaysian the respective percentages are 30% and 53,6%. It is clear that there are economies of scale for Moana Loa that sells in high volumes and the cost of raw materials account for a very high percentage of the total cost (87.1%) under the ABC method. The indirect costs are allocated in large quantities of the blend, resulting in a very good product (raw seeds are more expensive than other varieties) with a reasonable price. 6. Recommendations The above conclusions make clear that some corrective strategic actions are absolutely necessary in order to re-launch our product mix in a more efficient way, offer value-for-money to our customers and take our business forward. Based on the cost analysis under ABC system and the conclusions that were derived, the following recommendations are made: We should discontinue the production and selling of Malaysian blend since it is currently a source of loss for our business. If there is a special reason that we do not want to discontinue the marketing of Malaysian coffee (ex. to cover the needs of some good and special customers that want a wide variety of products), there is an alternative solution that can turn Malaysian coffee profitable. The solution is to make an accurate sales projection and unify the sales orders throughout the year in only one order that will cover the demand for the whole year. The proper storing conditions will ensure the optimal preservation of the product. In order to illustrate that argument with numbers, if the budgeted 4 orders of 500 pounds each were unified in one order of 2000 pounds (total annual estimated sales) the cost per pound will drop from $7.54 to $4.63 per pound and there will be a profit. We can maintain the price at $6.50 (in order not to confuse the market) and have a profit of $1.87 per unit or decrease the price to $6.02 (30% mark-up) and gain market share with the competitive lower price of the product. Maybe, the reason that Malaysian does not sell much and has very low market share is that it is expensive in relation to its quality. We should examine the cost of all other 13 products in order to discover other products that may be inexpedient to continue producing. We should conduct a Market Research in order to gather information of the consumer behavior regarding the coffee consumption and determine their willingness-to-pay for more premium products. That will help us decide if we shall maintain the price of Moana Loa at $7.80 and promote it as a premium quality coffee in order to have a high mark-up (61.8%) or lower the price to $6.27% (30% standard mark-up), increase sales and gain market share from competitors. The need for change in our pricing policy will bring about the need for other strategic changes as well. We shall plan our tactics towards our strategy taking into account other relevant information. We have to make better sales projections based on historical data of our sales and on market intelligence. The proper market research will provide us with information about consumer preferences and needs, so we can fine-tune our product mix’ quality and price offered to the consumers. We will then proceed to a more detailed segmentation of the market and promote the right product to the right consumer segment (ex. premium coffee for willing-to-pay customers and less expensive blends to customers that consider coffee a commodity). Also, information about competitors’ moves that can come from our suppliers and wholesale customers would be extremely valuable for the mapping of the market field. Another aspect that we should look into is the origin of our raw materials and the location of our suppliers. We have 15 different raw materials (coffee beans) that come from various suppliers. If we could group suppliers together based on their location, we could design a coordinated purchasing plan that would unify the orders and decrease a lot the transportation cost. As an immediate result, we will have a higher operating profit per product. Overall, this new costing system will help us become more efficient, more productive, make better strategic decisions and our products will became more competitive with the new representative pricing that will be based on the real cost and the real value they carry to the consumer. That will strengthen our position in the market and empower the company to expand in other consumer goods market as well. 7. Appendix Direct Costs Moana Loa Malaysian Direct Materials (per pound bag) $4.20 $3.20 Direct Labor (per pound bag) 0.30 0.30 Table 1. Direct cots per coffee blend Traditional Costing Indirect cost allocation rate 5 Moana Loa Malaysian Total Total Direct Materials cost $420,000 $6,400 $6,000,000 Total Direct Labor cost $30,000 $600 $600,000 Total Indirect overhead cost $150,000 $3,000 $3,000,000 Total costs $600,000 $10,000 $9,600,000 Pounds produced 100,000 2,000 Cost per pound $6.00 $5.00 Price per pound $7.80 $6.50 Table 2. Traditional Costing figures allocated per coffee blend Traditional Cost Structure Moana Loa Malaysian Sales 100,000 $780,000 2,000 $13,000 COGS Direct Materials 70.00% 64.00% Direct Labor 5.00% 6.00% Gross profit Indirect overhead 25.00% 30.00% Table 3. Traditional Costing Cost structure Activity Cost-Allocation Base Budgeted Activity Budgeted Cost Cost-Allocation Rate Purchasing Purchase orders 1.158 $579.000 $500 Materials handling Setups 1.800 $720.000 $400 Quality control Batches 600 $144.000 $240 Roasting Roasting hours 96.100 $961.000 $10 Blending Blending hours 33.600 $336.000 $10 Packaging Packaging hours 26.000 $260.000 $10 Total manufacturing overhead cost $3,000,000 Table 4. Cost Pooling Moana Loa Malaysian Expected sales (pounds) 100.000 2.000 Batch size (pounds) 10.000 500 Setups per batch 3 3 Purchase order size (pounds) 25.000 500 Roasting time (hours/100 pounds) 1,0 1,0 Blending time (hours/100 pounds) 0,5 0,5 Packaging time (hours/100 pounds) 0,1 0,1 Table 5. Amount of Cost Base Used ABC: COST per pound Moana Loa Malaysian Direct Costs Direct Materials $4,20 $3,20 Direct Labor $0,30 $0,30 Indirect Costs Purchasing $0,02 $1,00 Materials handling $0,12 $2,40 Quality control $0,024 $0,48 Processing beans $0,16 $0,16 Total Cost per pound $4,82 $7,54 Price per pound $6,27 $9,80 Table 6. ABC:Cost per pound Moana Loa Malaysian Total Total Direct Materials cost $420.000 $6.400 $6.000.000 Total Direct Labor cost $30.000 $600 $600.000 Total Direct costs $450.000 $7.000 $6.600.000 Total Purchasing cost $2.000 $2.000 Total Materials handling cost $12.000 $4.800 Total Quality control cost $2.400 $960 Total Processing beans cost $16.000 $320 Total Indirect costs $32.400 $8.080 $3.000.000 Total costs $482.400 $15.080 $9.600.000 Total Cost per pound $4,82 $7,54 Price per pound $6,27 $9,80 Table 7. Budgeted cost and price of each blend Research Papers on Coffee Bean Inc. 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Hundred Years War Assignment Example | Topics and Well Written Essays - 750 words - 1

Hundred Years War - Assignment Example Under their rule, they united England and a part of continent in the Northern France. In 12th century the possessions of English kings in France were significantly increased due to the marriage connections in Central and Western France. After a long and difficult struggle, the French monarchy managed to regain all these lands in the early 13th century. Together with the traditional possessions of French kings these lands formed the core of the modern France. However, there were left the territories between the Pyrenees and the Loire Valley under the English rule. In England these territories were called the Gascony (Duiker, and Spielvogel 378). The latter became one the main causes of the Hundred Years War. Further preservation of the English rule in the South Western part of France made the condition of the Capetian Dynasty insecure. It prevented the political centralization of the country. For England, instead, these possessions could serve a platform for an effort to restore the p revious vast ownership on the continent. Another object of sharp contradictions was Scotland. Its independence was threatened by England’s invasions. In search of political support in Europe, Scottish kings sought to alliance with France, the main opponents of the English crown (Allmand 9). With the worsening of Anglo-French conflict, both monarchies also tried to strengthen their positions in the Iberian Peninsula. Pyrenean countries were of the particular interest for English kings, because they bordered with the English Gascony. All these resulted in the military-political alliances: the Franco-Castilian, the Franco-Scottish, and the alliance between the British Crown and the towns of Flanders (Netherlands) (Allmand 23). The history of Hundred Years War is relatively divided into four stages, between which there were period of relatively long calm. The first stage began with the declaration

China Change after the Death of Mao Zedong Essay

China Change after the Death of Mao Zedong - Essay Example They failed to such an extent that many of the people in China died because of the conflicts caused by these two approaches. However the communist approach adopted by Mao was for the betterment of the Chinese people it failed to provide them with adequate reforms. Mao Zedong is still regarded to be a strong communist leader in the history of China.1 After the death of Mao Zedong different fights broke out in China to achieve the premiership. However in the end Deng Xiao-ping succeeded in the fights for premiership and took over the office. His reforms were a bit different from Mao Zedong and were successful enough. However the approach adopted by Deng Xiao-ping can be said to be different than that of Mao Zedong in terms of capitalism. This essay would further analyze the state of China after the death of Mao Zedong, the reforms introduced in China after his death and the survival of communism after Mao Zedong.2 In the era of Mao Zedong the approach adopted by him was of a communist perspective. He wanted the wealth to be divided equally amongst the people of China; however the strategies adopted by him were not successful as expected by him.3 The strategy of Great Leap Forward implemented by Mao Zedong was of an unrealistic nature if viewed closely. It wanted the state of China to prosper in a very short time which was quite impossible as it was already going through an economic depression.4 Mao Zedong through this strategy