Explain to her the importance of cost estimation

Assignment Help Other Subject
Reference no: EM131299696

It is first thing Monday morning and your boss requested your presence ASAP. As you go to your meeting without even getting a second cup of coffee, you ponder the objective of the meeting.

You believe it must have something to do with the fact that your visit to Harmony Organs has been moved up. There is a lot of pressure to cut costs and Linda Kaye wants to continue with the next step. Mickelle Bride, the CEO of Harmony Organs, is often called the ear of the company. She has been able to craft pipes with overtones and harmonics that would make Stradivarius cry.
Linda Kaye would like you to explain to Mickelle the importance of understanding the different cost types (fixed cost, variable cost, and semi-variable cost) when undertaking cost-cutting measures.

Also use an example to explain to her the importance of cost estimation. Mickelle is very good at math so she will be interested in the accuracy of visual fit, high-low, or least-squares regression.

Reference no: EM131299696

Questions Cloud

What do you think is the main point of this video clip : How might you change your process of developing a financial plan as a result of watching this video clip?
Retention strategies at three different companies : Research recruiting and retention strategies at three different companies. What distinguishes one company from another in this area? Are strategies such as signing bonuses, tuition reimbursement, and business casual dress codes standard for the ne..
The role of the internet in building brands : What do you see as the role of the Internet in building brands? How would you evaluate the Web site for a major brand-for example, Nike, Disney, or Levi's?
How are sampsons'' liquidity and investment decisions related : In what ways are the Sampsons' financing and investing decisions related? What should they do in the future before asking advice from investment advisers?
Explain to her the importance of cost estimation : Explain to her the importance of cost estimation. Mickelle is very good at math so she will be interested in the accuracy of visual fit, high-low, or least-squares regression.
Gind a good a poor example of brand building promotions : Look at the coupon supplements in a Sunday newspaper. How are they building brand equity, if at all? Try to find a good example and a poor example of brand-building promotions.
What activity must they periodically undertake : How likely is it that the Sampsons will achieve their financial goals now that they have captured them in a financial plan? What activity must they periodically undertake?
Evaluate and discuss the job-costing steps : Evaluate and discuss the job-costing steps for a CPA firm using a job-cost system. Compare the job-cost system used by a CPA firm with the job-cost system used by a construction company building houses.
How much confidence do you have in those measures : What measures does your company or school implement to ensure the security of Web-based applications? List some examples. How much confidence do you have in those measures? Justify your response.

Reviews

Write a Review

Other Subject Questions & Answers

  Cross-cultural opportunities and conflicts in canada

Short Paper on Cross-cultural Opportunities and Conflicts in Canada.

  Sociology theory questions

Sociology are very fundamental in nature. Role strain and role constraint speak about the duties and responsibilities of the roles of people in society or in a group. A short theory about Darwin and Moths is also answered.

  A book review on unfaithful angels

This review will help the reader understand the social work profession through different concepts giving the glimpse of why the social work profession might have drifted away from its original purpose of serving the poor.

  Disorder paper: schizophrenia

Schizophrenia does not really have just one single cause. It is a possibility that this disorder could be inherited but not all doctors are sure.

  Individual assignment: two models handout and rubric

Individual Assignment : Two Models Handout and Rubric,    This paper will allow you to understand and evaluate two vastly different organizational models and to effectively communicate their differences.

  Developing strategic intent for toyota

The following report includes the description about the organization, its strategies, industry analysis in which it operates and its position in the industry.

  Gasoline powered passenger vehicles

In this study, we examine how gasoline price volatility and income of the consumers impacts consumer's demand for gasoline.

  An aspect of poverty in canada

Economics thesis undergrad 4th year paper to write. it should be about 22 pages in length, literature review, economic analysis and then data or cost benefit analysis.

  Ngn customer satisfaction qos indicator for 3g services

The paper aims to highlight the global trends in countries and regions where 3G has already been introduced and propose an implementation plan to the telecom operators of developing countries.

  Prepare a power point presentation

Prepare the power point presentation for the case: Santa Fe Independent School District

  Information literacy is important in this environment

Information literacy is critically important in this contemporary environment

  Associative property of multiplication

Write a definition for associative property of multiplication.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd