Question : 31) A company uses a long-run time horizon to price its : 1196075

31)

A company uses a long-run time horizon to price its product, an electronic component used in aircraft.

To produce a normal production run for a year of 100,000 units, direct materials are $90,000, direct labour is $180,000, and rent on leased equipment is $106,000 per year. They are considering purchasing the equipment for $1.500,000, as right now, re-work is running at 4% of production, after testing.

The company has the capacity to test 10 units per hour.

Manufacturing Overhead has two cost drivers;

testing (cost driver is testing hours at $2.50 per hour), and rework (cost driver is units reworked at $80 per unit re-worked).

Calculate current total manufacturing costs for 100,000 units. 31)

______ A)

$376,000 B)

$396,000 C)

$721,000 D)

$401,000 E)

$320,000

32)

Your company produces 700,000 widgets per year but has the capacity to produce 950,000 units.

Company records show the following;

full product costs = $85 per unit, which includes fixed manufacturing overhead of $11, and variable overhead of $4 per unit, and direct variable costs of $22, all based on the current 700,000 production run. If the company wanted to bid on a special one-time order, based on the above information only, what would be its minimum bid? 32)

______ A)

$74 B)

$63 C)

$85 D)

$81 E)

$59

33)

For setting long-term prices a company should use full product costs. Full product costs for pricing purposes 33)

______ A)

equals manufacturing and selling costs. B)

include direct costs only. C)

does not include fixed overhead. D)

include all direct costs plus an appropriate allocation of the indirect costs of all business functions. E)

include all manufacturing costs only

34)

Acorn Products currently sells small boats for $360. It has costs currently assigned to it of $280. A competitor is bringing a new small boat to market that will sell for $300. Management believes it must lower the price to $300 to compete in the market for small boats. Marketing believes that the new price will cause sales to increase by 10 percent, even with a new competitor in the market. Acorn’s sales are currently 100,000 per year.

Under cost-plus pricing, what is the required selling price to achieve a 15% markup? 34)

______ A)

$285 B)

$310 C)

$6300 D)

$322 E)

$315

35)

When target costing and target pricing are used together, 35)

______ A)

target price is the estimated price for a product or service that a potential customer will be willing to pay. B)

the target cost per unit is the estimated long-run price per unit that enables a product or service to achieve the target profit per unit. C)

target costs are higher than current costs because of inflation over time. D)

the target price is set to undercut the competition. E)

the target cost is established first, then the target price.

36)

In summary form, the steps, in sequence, for developing target prices and costs are 36)

______ A)

develop a product, set target price, derive target cost, and perform value engineering. B)

develop a product, set target cost, perform value engineering. set target price. C)

design a product, engineer the product, set target cost and set target price. D)

set target price, set profit desired, and derive target cost. E)

set target cost, set profit desired, and set target price.

37)

______ A)

$280 B)

$75 C)

$270 D)

$225 E)

$90

38)

What is the target selling price if costs cannot be reduced and target profit is changed to 20 percent of sales? 38)

______ A)

$360.00 B)

$353.33 C)

$280.00 D)

$336.00 E)

$350.00

39)

What is the target cost if the company wants to maintain its same income level, and marketing is correct? 39)

______ A)

$252.00 B)

$270.00 C)

$280.00 D)

$236.27 E)

$227.27

40)

The strategy in which companies systematically evaluate all aspects of the value-chain business functions with the objective of reducing costs to meet customers’ needs is referred to as, 40)

______ A)

predatory pricing. B)

full costing. C)

peak pricing. D)

target costing. E)

discriminatory pricing.

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July 1, 2023

Write a sample cover letter that highlights why you would be ideal for a marketing position at a Company of your pick in Florida . In the cover letter, you need to mention the position and discuss the tasks that would be required of you in that position. You can address the cover letter to either a real or fabricated person/organization. Do not address it to “To Whom It May Concern” or “Dear Sir/Madam” or anything else-generic.

Cover Letter Content: • Includes your contact information, date, salutation/greeting (with hiring manager’s full name, title, company, address), body, closing, signature - i.e., major components of a cover letter. • Components are organized logically and overall the letter is attractive. • Letter is concise. • Audience is clear; addressed to real or fabricated person/organization. • Identifies specific position and why you would be ideal for it. Discusses tasks required for that position and knowledge of potential employer. • Discusses your relevant skills, experience, etc. that will make you ideal for the position. • Includes request for interview or meeting with specific manner of follow-up/reverse call to action, note of appreciation, and mentions resume in closing.

BELLOW IS A PART OF MY RESUME TO HELP WRITE THE COVER LETTER.

Summary

Motivated sales driven rental manager focused on attaining a motivated and competitive work environment along with dynamic operating conditions. Customer service oriented and methodical with strengths in accounts maintenance.

Skills

· Key accounts and territory management

· Capital improvement planning

· Systems and automation applications

· Brand management

Experience

Enterprise Holdings | Miami, FL

Assistant Branch Rental Manager

11/2019 – 11/2020

· Remained calm and professional in stressful circumstances and when dealing with unhappy customers, effectively diffusing situations.

· Met with each associate to establish realistic monthly sales goals.

· Strengthened product branding initiatives and coordinated effective marketing campaigns.

· Reviewed employee performance every week and delivered constructive feedback to improve weaknesses.

· Upheld internal standards and productivity goals to meet sales and growth targets.

· Identified growth areas requiring immediate improvement and rolled out marketing program, boosting branch's fleet 16%.

· Executed non-negotiable strategies to foster better customer service and promote positive and engaging environment for all.

· Drove profit increases by leveraging market knowledge and natural leadership talents.

Enterprise Holdings | Miami, FL

Management Trainee

05/2019 - 11/2019

· Ranked 1st place on the sales performance ranking for 4 consecutive months with a total additional revenue of $160,000.

· Achieved a 4-month Customer Service score of 87%, 3 points above corporate average.

· Ran daily sales reports to assess performance and make proactive adjustments.

Equinox | Miami, FL

Sales Associate

10/2017 - 06/2018

· Arranged special accommodations for guests to maintain optimal satisfaction

· Managed all front desk operations for busy high-volume Health Club.

· Confirmed transactional data by verifying name and payment information and clearly communicating costs and fees to patrons.

· Participated Management Assistance, handling member's accounts and payments.

· Supported Membership Advising participating in more than 100 memberships sold.