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In a sell or process further decision, management should process

In a sell or process further decision management should process further as long from ACCOUNTING 201 at Broome Community Colleg

In a sell or process further decision management should

There are times when manufacturing businesses become faced with the decision to sell a product at its current state or process it further and sell for a higher price. Ultimately, the management must choose the option that will result in higher profits Management should also consider qualitative factors, such as the impact of removing one product line on the overall sales of the other products. If customers commonly buy snow boots and skis together, then discontinuing the snow boot line could impact the sales of snow skis the formula to calculate the accounting rate of return is: annual after-tax net income/annual average investment. when making sell or process decisions, management should consider: incremental costs of processing further. revenue from selling after further processing. revenue from selling as is In such cases managers have to decide whether to sell the unfinished goods at split-off point or to process them further. Such decision is known as sell-or-process-further decision and it must be made so as to maximize the profits of the business. A sell-or-process-further analysis can be carried out in three different ways

Evaluate and Determine Whether to Sell or Process Further

Learning Objectives After studying this chapter, you should be able to: 1 Identify the steps in management's decision-making process. 2 Describe the concept of incremental analysis. 3 Identify the relevant costs in accepting an order at a special price. 4 Identify the relevant costs in a make-or-buy decision. 5 Identify the relevant costs in determining whether to sell or Generally speaking, there are two general conditions under which a sell or process further decision could occur: (1) The company is evaluating the possibility of processing beyond split-off and must incur certain equipment costs and other fixed costs if additional processing is to occur About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators. When making sell or process decisions, management should consider: (Check all that apply.--incremental costs of processing further. revenue from selling after further processing. revenue from selling as is. The decision rule for segment elimination is to consider eliminating a segment if the segment revenues are less than the segment.

Correct answers: 2 question: When making sell or process further decisions managers should: Multiple Choice allocate joint costs to some, but not all products depending on their relative sales values. ignore joint costs. ignore costs incurred after the split-off point. allocate joint costs to all products based on their estimated sales revenues The units sell for $7000. Alternatively, the company can process further to produce a refined product that will cost $4,000. The company should: answer. When making sell or process decisions, management should consider: answer. revenue from selling as is, revenue from selling. Related Flashcards In making decisions on whether to sell a joint product at split-off or to process it further, only the costs and revenues incurred after the split-off point are pertinent. 2. Joint costs include those costs incurred prior to the split-off point and, thus, are considered sunk costs with respect to further processing decisions (that is, the joint. Sales management is the process of developing a sales force, coordinating sales operations, and implementing sales techniques that allow a business to consistently hit, and even surpass, its sales targets. If your business brings in any revenue at all, a sales management strategy is an absolute must. When it comes to boosting sales performance. Share of common costs from joint process 25.20 25.20 Selling price at split-off point 24.00 38.40 Cost of further processing 8.60 12.20 Selling price after further processing 32.00 48.40 Which product(s) should be sold at the split-off point? A Both products B Product A only C Product B only D Neither produc

Sell or Process Further - Accounting In Focu

Shutdown or Continue Decisions. Loss-making segments of a business such as products, customers, and locations can be a significant drain on the resources of an organization. Keeping a segment of business that is consistently generating a loss can be hard to justify, especially if its economics are unlikely to improve in the future Management puts it with information it already has and then makes a decision, concludes Dunn. Management, like navigators, should use more than one source of information when sailing in. McDonald's maintains effective policies and strategies for the 10 strategic decisions of operations management to maximize its productivity and performance as a global leader in the fast food restaurant industry.. McDonald's Operations Management, 10 Decision Areas. 1. Design of Goods and Services.McDonald's goal in this strategic decision area of operations management is to provide.

1. management accounting (pma2043) name of lecturer : mdm suriana lauda name of members : noryatiabdmajid(ptm120700623) mohdharulmohdsalleh(ptm120700474) nursyakinahsaid(ptm120700452) section 6 2. chapter 6 : relevant cost and pricing decision sell or process further of product 3 Determine if product should be sold or processed further. Instructions (a) Determine if management made the correct decision to not process the table cleaner further by doing the following. 1. Calculate the company's total weekly gross profit assuming the table cleaner is not processed further. 2 The 7-step sales process is a great start for sales teams without a strategy in place—but it's most effective when you break the rules. Learn the textbook seven steps, from prospecting to following up with customers, so you can adapt them to your sales org's unique needs The process of strategic management lists what steps the managers should take to create a complete strategy and how to implement that strategy successfully in the company. It might comprise from 7 to nearly 30 steps [4] and tends to be more formal in well-established organizations.. The ways that strategies are created and realized differ. Thus, there are many different models of the process SELL OR PROCESS FURTHER Analysis of Sell or Process Further Per Log Lumber Sawdust Sales value after further processing 270$ 50$ Sales value at the split-off point 140 40 Incremental revenue 130 10 Cost of further processing 50 20 Profit (loss) from further processing 80$ (10)$ 78

The discovery phase of the sales process is considered crucial by many top sales professionals. The importance of this phase should not be underestimated; in discovery, you gather information for the purpose of closing the sale and set the tone for your entire relationship with your customer Should Quality continue to sell the scrap cloth or should Quality process the scrap into teddy bears to sell? At Gems in the Rough, a jewelry company, the engraving department is a bottleneck. The company is considering hiring an extra worker, whose salary will be \(\$56,000\) per year, to ease the problem

Chapter 23 Flashcards Quizle

  1. Make-or-Buy decision (also called the outsourcing decision) is a judgment made by management whether to make a component internally or buy it from the market. While making the decision, both qualitative and quantitate factors must be considered
  2. The budgeting process is the process of putting a budget in place. This process involves planning and forecasting, implementing, monitoring and controlling, and finally evaluating the performance of the budget. A budget is essential for any organization. It helps to keep track of its income and expenditure
  3. Steps to Align Your Sales Process with the Buyer's Journey Step 1: Begin with the Investigate Step. When a sales rep acquires a lead, their first step should be to begin investigating.This thorough research should be the first stage in any sales process, as it allows a sales rep to gather all available information on leads upfront
  4. Making sell as is or process further decisions Naturalmaid processes organic milk into plain yogurt. Naturalmaid sells plain yogurt to hospitals, nursing homes, and restaurants in bulk, one-gallon containers. Each batch, processed at a cost of $800, yields 600 gallons of plain yogurt
  5. 7 Steps of the Decision-Making Process. Identify the decision. Gather relevant info. Identify the alternatives. Weigh the evidence. Choose among the alternatives. Take action. Review your decision. Robert Frost wrote, Two roads diverged in a wood, and I—I took the one less traveled by, and that has made all the difference.

Sell Or Process Decisions Accounting Simplifie

Carleigh's management has learned that certain organ meats are a prized delicacy in Asia. They are considering separating those from the residual and selling them abroad for $52,000. This would bring the value of the residual down to $2,650. Should joint costs be considered in a sell-or-process-further decision? Explain. Managerial. The selling process is a set of activities undertaken to successfully obtain an order and begin building long-term customer relations. The activities apply to all forms of selling and can be adapted to most selling situations (including non-product selling such as - selling an idea)

Sell or Process Further - Accountingvers

The seller should place all of its key contracts, corporate records, financial statements, patents, and other material information in an online data room early in the process. The seller should. Incremental analysis is used in the decision to sell unassembled products. A general guideline DGK should consider when deciding how to sell its units is that if the incremental revenues generated from assembling the gyms are greater than the incremental assembly costs, DGK should assemble the gyms (process further)

True or False - Chapter 26 Flashcards Quizle

A phase-gate process (also referred to as a stage-gate process or waterfall process) is a project management technique in which an initiative or project (e.g., new product development, software development, process improvement, business change) is divided into distinct stages or phases, separated by decision points (known as gates).. At each gate, continuation is decided by (typically) a. Category Management: Definitions, Significance and 8-Steps Process. A category is an assortment of items that a consumer finds as reasonable substitutes for each other. Goods are categorized on the basis of similarities in consumer tastes, preferences, liking and disliking such as Junk food, Bar-be-Que, Razors, burgers, baked confectionary.

Sell to new customers and increase sales to present customers, sometimes called creative selling. Generate customer leads, provide information, persuading customers and closing sales. Required for high priced, complex and/or new products. High pressure, requires expensive, time consuming training. Support Personnel Facilitate the selling function In B2B selling, it matters if your buyer is female. A Fair Suspicion. The findings from our internal survey reinforced other evidence of gender differences in decision making

Evaluate and Determine Whether to Keep or Discontinue a

Real options valuation, also often termed real options analysis, (ROV or ROA) applies option valuation techniques to capital budgeting decisions. A real option itself, is the right—but not the obligation—to undertake certain business initiatives, such as deferring, abandoning, expanding, staging, or contracting a capital investment project. For example, real options valuation could examine. Sell or Process Further . Abilene Meat Processing Corporation is a major processor of beef and other meat products. The company has a large amount of T-bone steaks as is or to process them further into filet mignon and New York cut steaks. Management believes that a 1-pound T-bone steak would yield the following profit Decision making refers to making choices among alternative courses of action—which may also include inaction. While it can be argued that management is decision making, half of the decisions made by managers within organizations fail (Ireland & Miller, 2004; Nutt, 2002; Nutt, 1999). Therefore, increasing effectiveness in decision making is an. Product X-547 is one of the joint products in a joint manufacturing process. Management is studying whether to sell X-547 at the split-off point or to process X-547 further into Xylene Copeland, Inc., produces X-547 in a joint manufacturing process. The company is studying whether to sell X-547 at the split-off point or upgrade the product to become Xylene. The following information has been gathered: I. Selling price per pound of X-547 II. Variable manufacturing costs of upgrade process III. Avoidable fixed costs of upgrade.

Accounting Chapter 25 Flashcards Chegg

Every rep should be able to replicate all the steps in the sales process without confusion. Predictable. The flow and expected outcomes in your sales process should follow a predictable pattern. Goal-oriented. A sales process focuses on improving your ability to meet specific objectives (e.g., drive revenue growth, achieve process efficiencies. The purpose of the sales process is to convince customers that they will be better off with the product or service than they would be with the money necessary to buy the product. Factors That Influence the Decision Making Process. During the sales process, you are asking customers to engage in a trade Decision making is an art and a science which has been studied over generations. The secret of marketing lies in learning what the customer wants and how to influence the customers decision making process so that he buys our product above competition.. Behind a simple decision making process, there are many thought processes which influence the decision making The sales process used to sell products is generally the same regardless of the selling strategy used. However, the strategy chosen will depend on the stage the seller is focusing on. For example, if the problem is a new one that requires a customized solution, the salesperson and buyer are likely to spend more time in the needs identification.

ITIL 4 Change Management - Change Enablement. The Change Management process described here follows the specifications of ITIL V3, where Change Management is a process in the service lifecycle stage of Service Transition.. ITIL V4 is no longer prescriptive about processes but shifts the focus on 34 'practices', giving organizations more freedom to define tailor-made processes This article throws light upon the five important steps involved in organisational control process. The steps are: 1. Establishing Standards 2. Determining Performance Measurements 3. Measuring Performance 4. Comparing Performance against Standards and Analysing Deviations 5. Taking Corrective Action, if Needed Participatory management means that staff, not only the designated managers, have input and influence over the decisions that affect the organization. It is not the same as communal or co-operative management, where every staff member has the same weight in the decision making process. A voted majority, or a consensus, is not the final.

A trusted sales process to meet the changing expectations of the modern buyer. Strategic Selling® with Perspective is considered the leading sales training program by Fortune 1000 companies around the world. We give your sellers the process and tools they need to conduct a strategic analysis for an account with multiple decision makers Make research-based decisions; Take action based on insights; Step 1: Defining the marketing research problem. Defining a problem is the first step in the research process. In many ways, research starts with a problem facing management. This problem needs to be understood, the cause diagnosed, and solutions developed The grievance process varies from contract to contract. It is an important part of the contract that ensures a fair process for both union members and management. HR is normally involved in this process, since it has intimate knowledge of the contract and laws that guide the contract. The grievance process can consist of any number of steps

A Workers' Compensation Medicare Set-Aside Arrangement (WCMSA) is a financial agreement that allocates a portion of a workers' compensation settlement to pay for future medical services related to the workers' compensation injury, illness, or disease. These funds must be depleted before Medicare will pay for treatment related to the workers' compensation injury, illness, or disease PART 1: How to outline your sales process. Jump to PART 2: How to choose the right sales process stages and tasks. Jump to PART 3: Putting it all together. A sales process consists of a series of stages—usually three to seven, depending on the sale's complexity—which cover the major milestones of a sale.Each stage consists of tasks, which are the key activities your team must perform in. Whatever the cause, you realize that a decision must be made. Good management techniques are based on considering the options and making an informed decision. In your career, being able to quickly understand and move through the six steps of the managerial decision-making process could make you the next star of the boardroom

Product management is a process that focuses on bringing a new product to market or developing an existing one. It starts with an idea of a product that a customer will interact with and ends with the evaluation of the product's success. Product management unites business, product development, marketing, and sales The 10 steps to successful M&A integration. Start early, then focus on money, people, power, culture and a few other key issues. Mergers and acquisitions-well conceived and properly executed-can deliver greater value than ever right now. And savvy acquirers are taking action, as deal activity accelerates amid signs of recovery A business process is a set of steps or tasks that you and your team use repeatedly to create a product or service, reach a specific goal, or provide value to a customer or supplier. When processes work well, they can significantly improve efficiency, productivity, and customer satisfaction A signal management process is a set of activities performed to determine whether there are new risks associated with an active substance or a medicinal product or whether known risks have changed, and includes any related recommendations, decisions, communications and tracking. The EU signal management process includes the following steps. Management accountant provides a predicted data after studying various components and suggest whether employers should take a risky decision. Further, it also helps in understanding and predicting the profit from the risk. Management Accounting Process: Management accounting process takes measures and reports specific information and economic.

Sell-or-Process-Further Decision Exampl

10.5 Evaluate and Determine Whether to Sell or Process Furthe

1) Quality of the data. First and foremost, the main reason usually invoked is data quality.Data quality is the condition of a set of qualitative or quantitative variables, that should be fit for [its] intended uses in operations, decision making and planning, according to an article written by author Thomas C. Redmann Personal selling is a form of selling that many companies rely on heavily to promote and move their products. The personal selling process involves seven steps that a salesperson must go through with most sales. Understanding these seven steps can help improve your individual sales or the sales of your company

A Post-Implementation Review (PIR) is conducted after completing a project. Its purpose is to evaluate whether project objectives were met, to determine how effectively the project was run, to learn lessons for the future, and to ensure that the organization gets the greatest possible benefit from the project Brainstorming creates new ideas, solves problems, motivates and develops teams. Brainstorming motivates because it involves members of a team in bigger management issues, and it gets a team working together. However, brainstorming is not simply a random activity. Brainstorming needs to be structured and it follows brainstorming rules For group problem solving and decision making, or when a consensus is required, workshops help, within which you can incorporate these tools and process as appropriate. Here are some useful methods for effective decision making and problem solving: First a simple step-by-step process for effective decision making and problem solving The process of making ethical decisions requires: Commitment: The desire to do the right thing regardless of the cost. Consciousness: The awareness to act consistently and apply moral convictions to daily behavior. Competency: The ability to collect and evaluate information, develop alternatives, and foresee potential consequences and risks The marketing management process goes through various stages to ensure the success of a product in an organization. A company is generally in the blind about any new product.In a tough business environment, with a customer who knows everything beforehand because of the presence of online portals and websites, it is tough to plan and launch a new product or a marketing strategy

Sell or process further decision — AccountingTool

Spouses can speed up the process by making their divorce uncontested—meaning both spouses agree to all of the terms in the petition. However, in most cases one spouse files and serves a divorce complaint and the other spouse has 20 or so days to file a response With that in mind, we'll go through the seven steps you can follow to create an effective sales pipeline management process, while also looking at how a sales CRM can be a beneficial pipeline management tool in each stage: 1. Find your sales prospects. 2. Determine true lead potential. 3 Software license management is the process that ensures that the legal agreements that come with procured software licenses are adhered to.In a basic sense, it ensures that only legally procured. Collect the data. Much of this step comes down to setting up the processes and people who will gather and manage your data. You may be buying access to an analysis-ready data set, in which case. Cost Allocation - Meaning, Importance, Process and More. Cost Allocation or cost assignment is the process of identifying and assigning costs to the various cost objects. These cost objects could be those for which the company needs to find out the cost separately. A few examples of cost objects can be a product, customer, project, department.

Video: A Cost Accounting Decision: Sell or Process Further? - dummie

Providing the most accurate and up to date information about BPMN 2.0 - BPMN.org is your official BPMN resource for Business Process Model and Notation Because a decision made today can only impact the future course of business, sunk costs stemming from earlier decisions should be irrelevant to the decision-making process. Instead, decision. The Risk Analysis Process in Project Management. The risk analysis process is what follows the Identification of Risks procedure and is distinguished by two clear categories: Qualitative and Quantitative Risk Analysis. Qualitative Risk Analysis is the process during which one prioritizes risks for further action by assessing their probability. Inventory management refers to the process of ordering, storing and using a company's inventory: raw materials, components and finished products Your sales process is the set of steps your sales team follows when moving a customer along the sales funnel. It begins before you make contact with a prospect and often continues long after the sale is finalized. A comprehensive sales process encompasses all major customer interactions from prospecting to selling to nurturing Most FCC rules are adopted by a process known as notice and comment rulemaking. Under that process, the FCC gives the public notice that it is considering adopting or modifying rules on a particular subject and seeks the public's comment. The Commission considers the comments received in developing final rules. This summary of the rulemaking process is based in part on