Oxi Clear Manufactures a Tile and Grout Cleaner.

In: Business and Management

Submitted By Laynebaril
Words 321
Pages 2
Oxi Clear manufactures a tile and grout cleaner.
Click Link Below To Buy: http://hwcampus.com/shop/oxiclear-manufactures/ Or Visit www.hwcampus.com

The company was formed during the current year. As a result, there was no beginning inventory. Management is evaluating performance and inventory management issues, and desires to know both net income and ending inventory under generally accepted accounting principles (absorption costing) as well as variable costing methods. Relevant facts are as follows:Selling price per gallon$ 4.40Variable manufacturing cost per gallon0.80Variable SG&A costs per gallon0.90Fixed manufacturing costs$ 1,450,000Fixed SG&A235,000Total gallons produced650,000Total gallons sold620,000

Absorption Costing
Variable manufacturing costs $ -
Fixed manufacturing costs -
Cost of goods manufactured $ -
Cost of goods sold -
Ending inventory $ -
Sales $ -
Cost of goods sold -
Gross profit $ -
Selling, general, & administrative costs
Variable $ -
Fixed - -
Net income $ -
Variable Costing
Ending inventory $ -
Sales $ -
Variable manufacturing costs -
Variable manufacturing margin $ -
Variable SG&A -
Contribution margin $ -
Fixed expenses
Manufacturing $ -
SG&A - -
Net income $ -
OxiClear manufactures a tile and grout cleaner. The company was formed during the current year. As a result, there was no beginning inventory. Management is evaluating performance and inventory management issues, and desires to know both net income and ending inventory under generally accepted accounting principles (absorption costing) as well as variable costing methods. Relevant facts are as follows:
Selling price per gallon $ 4.40
Variable manufacturing cost per gallon 0.80
Variable SG&A costs per gallon 0.90
Fixed manufacturing costs $…...

Similar Documents

A Clear Vision

...18) Interstate School Leaders Licensure Consortium standard three specifies that “a school administrator is an educational leader who promotes the success of all students by ensuring management of the organization, operations, and resources for a safe, efficient, and effective learning environment”. (GCU,2012 ISLLC pg.18) These standards and their functions set the foundation for developing a strategic plan. Planning involves a base for monitoring that is in progress, along with assessing results and the impact these will have on education. This enables stakeholders to have an idea of how to facilitate a new program by utilizing a systemic approach. Stakeholders will also be able to set policies and goals that will guide them to provide clear and precise focus to achieving goals. Creating and developing a plan requires a blueprint for establishing priorities, developing a guiding process and reaching educational goals. Leaders share common skills that include effective leadership, communication and assessments of the planning process. Most leaders understand the need for developing a long-term plan that focuses on program objectives and a changing environment. This sets the groundwork for setting priorities, assessing progress and organizing a work plan. Strategic planning incorporates the ISLLC standards and a seven-step process to provide direction and allow for an understanding of day-to-day functions. Strategic planning take into account an organizations......

Words: 3200 - Pages: 13

Bamboo Tiles

...Objectives 3 4. Market Potential 3 5. Competition 4 6. Marketing Plan 5 7. Operation 6 8. Management Team 6 8. Resource Requirement 7 9. Implementation Plan 7 10. Risk Assessment 8 11. Financial Plan 9-10 12. Appendix i-xxiv Executive Summary The phenomenon about using bamboo is limited within, bridge, rural housing, fencing etc. But there is a golden opportunity to produce one of the urban housing materials, by using bamboo. It will make urban people very close to nature, which is the demand of time. So Elegant Flooring Ltd. wants to produce tiles by using bamboo, which is environment friendly and cheap. There already exists a huge market for bamboo tiles in USA and European countries. They are importing 90 percent of the bamboo tiles from China. Recently, the labor cost of China has raised one step. Moreover gas expenditure is 23%lower in Bangladesh compared to China. So if we can produce tiles of equivalent quality at cheaper cost; good portion of that market can be captured. In the local market our target will be various real –estate developer companies, private home users and corporate houses for their office interior. In regards to the international market Elegant Flooring Ltd will target the winter based countries as our product has the feature to keep the environment worm. In the first three years, we will collect raw materials from the local suppliers. From the 4rth year 75% percent bamboo will come from our own land as bamboo......

Words: 7441 - Pages: 30

Bio-Clear

...FACTS OF THE CASE 1. Mr. T. Wan was struggling with unsold inventory consisting mostly of the more sophisticated and computerized higher priced BIO-CLEAR models. 2. Poor and marginal sales in rural and urban areas. 3. Product sales were barely covering costs. PROBLEM How can Mr. T. Wan of RW & Company capture the market of air purifier and increase the volume of sales? OBJECTIVE 1. To determine what causes the poor sales of BIO-CLEAR 2. To recommend the necessary modifications in the marketing strategy or on the product features to improve sales. 3. To reintroduce the product to the market. AREAS OF CONSIDERATION 1. Product identity and specifications of different models. 2. Focus on a specific market. Where and who will buy the product. 3. Product promotion of RW & Company & foreign suppliers. 4. Pricing of air-purifiers. Strength | Weakness | a. Offered five models b. Manual and automatic sensor c. It can control air pollution d. All models can be controlled by infrared remote | a. Models look almost exactly the same b. They have the same output c. Can only be use in a closed room d. Only expensive models have automatic sensors | Opportunities | Threats | a. First product in local market that improves air quality b. High-end technology product c. Unique environmental control product | a. Unknown to the public b. High price c. Competitive environment (electric fans, coolers, air......

Words: 621 - Pages: 3

Comparing Manufactures

...Company A – Automobile Manufacture When looking for a company that could be an automobile manufacturer, the first thing I looked for was large amount in receivables. When an individual purchase and automobile from a manufacturer rarely do they go ahead and pay the full amount for the car. Most customers will put some money down and finance this rest. This is the reason why I looked for a large amount in receivables. Company A had 31.7% in receivable with only 7.4% in cash. The other area I noticed about company A was the large amount of days it took to collect payments. Company B – Electric Utility When looking at company B the first area that jumped out to me was the collection period of 48 days. When electric company provides service and bills the customer for this service the customer typically has 31 days to pay the bill. Most electric companies will also allow the customer a 15 day grace period after the initial 31 days. This would be an average of 46 days to collect payment. Out of the 5 company’s B had the only reasonable amount of 48 collection days. Company B also had a high percentage of property plant and equipment which we be expected when one produces electric services for an entire city or state. Also when looking at industry standards electric utility companies had a standard debt/asset ratio of .61, company B had a ratio of .65. Company E– Supermarket Chain The main reasons for selecting supermarket chain were the large amount of cash on handand...

Words: 519 - Pages: 3

Tile as Test

...The Short Sale Process 8 Steps to Selling Your Home List the Short Sale Property When listing a short sale property it is important to educate the sellers about the short sale process. No one can guarantee what a bank will do in any given situation. Although it may be possinle for the seller to walk free and clear from the short sale we cannot guarantee this because not all lenders will react the same. During the short sale process it is important to set realistic expectations. It is often better to over estimate time frames and deliver early. After the short sale property is listed our office will reach out to the seller and begin the collection of the necessary documentation for the short sale. Market the Short Sale Property When marketing a short sale property it is important to inform the buyer and buyer's agent that a short sale can be a lengthy process. Florida Short Sale Solutions has an excellent track record of closing short sales. The fact that you have partnered with an expert short sale negotiation company separates you from agents who negotiate their own short sales, often with little or no success. Seller Accepts an Offer After a Purchase Agreement is executed by both buyer and seller the short sale process can be initiated with the lender. Our short sale negotiator will not submit an incomplete short sale package to the lender because this may cause unnecessary delays. All paperwork is reviewed for completeness and accuracy before submission to the...

Words: 649 - Pages: 3

Cleaner Production

...Built Sustainable Communities Assignment 2: Essay Introduction The rapid growth in the industrial sector in past few decades in India has improved the production and economic prosperity and improved the standards of living in the State of Gujarat (India). A large number of small and medium scale industries are engaged in the manufacture of a variety of chemical and allied products in State of Gujarat (India) (Rathi 2002, p.583). Simultaneously, the rapid industrialisation along with urbanisation has also resulted into numerous environmental issues. The global and economic processes had been remarkably unsustainable. Production processes and consumer behaviour had been threat to environment. Industrial growth in India is a result of the Government policies which aimed at increasing the productivity and job opportunities. Small and medium scale industries irrespective of types of product were encouraged to set up businesses for the economic growth of the respective States. Different State Government competing for the their respective economic growth had designed attractive package and incentives for industrial investment which consisted of sale tax exemptions, cash subsidies and creating industrial zones by developing infrastructures like road, water and power(Rathi 2002, p.583). Gujarat( India) has developed into the most industrialised states which apart from its traditional textile industry, also comprises of small scale industries and a major producer of chemicals......

Words: 1566 - Pages: 7

Making Clear

...Am I making myself clear? Mencap’s guidelines for accessible writing Thank you for your interest in ‘Am I making myself clear’. I hope you find these guidelines helpful. Why you should think about accessible information There are nearly 1.5 million people with learning disabilities living in the UK. Changes in policy and legislation, and a change in attitudes, mean these people no longer live in long-stay hospitals and other institutions. They are part of the community, needing information and services. Requirements of the Disability Discrimination Act The Disability Discrimination Act 1995 (DDA) makes it unlawful for service providers to discriminate against disabled people. It applies to nearly all service providers, including local councils, Government departments, charities, hotels and restaurants, shops and leisure facilities, accountants and solicitors, churches, courts, hospitals and clinics. How can Mencap help? Mencap is the UK’s leading organisation working with people with a learning disability. The Mencap Accessibity Unit has expertise in breaking down information into understandable concepts and language. We can provide: • general advice on accessibity for people with a learning disability • editing and writing of accessible material • focus groups where people with a learning disability can provide detailed feedback on your documents or your services. How to contact the Accessibility Unit # 020 7696 6965 or 020 7696 5551 " Email......

Words: 3816 - Pages: 16

Dal-Tile Research Paper

...“Why Dal-Tile, Inc. is a Good Company to Work For” Carolena Brown Prairie View A&M University Dr. Dyck, Human Resource Management May 1, 2014 What makes a great place to work? There are many ways to evaluate a workplace, but in my opinion, a great place to work is one that motivates the passion of workers and releases their talent. People always aim to work for companies in which they feel important. Not all companies are a great place to work. But there are a few. A great place to work doesn’t always revolve around perks and benefits. It’s not all about the bonuses and pay. Most employees want to feel happy for being respected by their bosses, confident in their job and valued for their expertise. I am writing this paper about Dale-Tile, Inc. From my research every employee in the company is accepted for the person they are, they have job satisfaction and is comfortable in the workplace. The company offers numerous opportunities to publicize great efforts of colleagues and managers. It provides recognition for extraordinary performance and motivates others to follow the examples, and best practices that help others succeed. Dal-Tile company's workplace is built through the day-to-day relationships that employees experience. The employees believe that they work for a great organization and are consistently appreciated. No company is ever going to have 100 percent of the employees’ that are satisfied with their work environment. There are always going to be......

Words: 2373 - Pages: 10

Dyson Vacuum Cleaner, Global Marketing

...2011 Dyson Vacuum Cleaner Case study Sargis Sargsyan BSL Table of Contents History……………………………………………………………………………………………………2 Dyson company and world market………………………………………………………3,4 Competitors………………………………………………………………………………………5,6,7 Question1…………………………………………………………………………………………….7,8 Question 2……………………………………………………………………………………………8,9 Question 3………………………………………………………………………………………………9 Conclusion……………………………………………………………………………………………10 Dyson Vacuum Cleaner History Dyson Company is one of the leading companies in vacuum clear industry. The company was founded by James Dyson, who is a furniture and interior designer and his product was launched in 1966, when he was student. In 1985 James Dyson had contracted with a small company in Japan. Than in 1993 Dyson opened a research center and factory in Malmesbury by using the money from the Japanese company and developed dual cyclone vacuum cleaner, which became the fastest selling vacuum cleaner in UK. Fourteen years later Dyson could present its first product in the shop and it also presented in the Science Museum. Dyson started to develop Root 8 Cyclone, which removes more dust by using more cyclones. In 2000 he launched new innovative washing machine and in 2008 the company’s revenue reached around 700 million pound, and much of this came from vacuum cleaners sales, about two third, in outside of local market mainly from US, Australia and Japan. So now Dyson Company is one of the successful vacuum cleaner producers in......

Words: 1769 - Pages: 8

Clear Water

...This means the rest 50% estimated cash flow is still under exchange risk. Also the option is a highly risky financial derivative. Since CS conducts a short call option which expect the Canadian dollar will depreciate. The risk here is when the firm’s home currency appreciates, CS would actually loss money and the potential amount of losing is infinite. Besides, there is a $22.5m forward contract is not qualified which enlarges the firms foreign exchange uncertainty. The economic risk is the effect of exchange rate movements on international competitiveness. When the exchanged currency’s international competitiveness is weakening, the amount to transfer into home currency will therefore be reduced. For the CS’s condition in this case, it is clear CS receive foreign currency mainly from USD. As USD is value is depreciating gradually, the sales revenue that converted to Canadian dollar also shrined. It will impact the CS overall income negatively. CS Business Risk CS’s major business is year- round offshore international seafood trading. This industry is highly controlled by endemic government. Hence, the company has its particular internal and external business risk. The business risk can be divided into three categories: strategic, operational, and event risk. In CS’s case, these risks are as follows: At first, the strategic risk is the uncertainty in returns due to company strategy related to competitors, reputation. According to CS’s case, the firm’s strategy includes......

Words: 2238 - Pages: 9

Tile Shop

...The article I found was on Tile Shop Holding Inc. that was involved in violating business ethics. Tile Shop is a publicly traded retailer of stone tiles and related product (Anthony, 2014). In January 2014 an audit committee investigation was being done. Violated law In the investigation the report found no evidence that the company’s financial statements were inaccurate however it did found problems stemming from inappropriate vendor relationships with Fumitake Nishi (Anthony, 2014). Fumitake Nishi is the brother-in-law to Tile Shop CEO. Tile Nishi started a Chinese export trading company, in 2011. He didn’t tell the Tile Shop the nature of his operations, and between 2011 and 2013, millions of dollars in payments were processed by Beijing Pingxiu, his export trading company. (Anthony, 2014) Responsible In this article the person that is responsible for this violation is the CEOs brother-in-law. Fumitake Nishi is the person that is responsible for the business ethic violation within this company (Anthony, 2014). The underlying cause of this violation is greed. Nishi got greedy and wanted more money than he was making legally. Outcome The outcome in this situation was that Nishi was fired for multiple violations of the company’s business ethics policy. The company will be actively pursuing recovery from Nishi of all monies he received from sources other than the company (Anthony, 2014). With this violation it didn’t go to court nor did it disclose how any......

Words: 284 - Pages: 2

Oxi Clear Manufactures a Tile and Grout Cleaner.

...Oxi Clear manufactures a tile and grout cleaner. Click Link Below To Buy: http://hwcampus.com/shop/oxiclear-manufactures/ Or Visit www.hwcampus.com The company was formed during the current year. As a result, there was no beginning inventory. Management is evaluating performance and inventory management issues, and desires to know both net income and ending inventory under generally accepted accounting principles (absorption costing) as well as variable costing methods. Relevant facts are as follows:Selling price per gallon$ 4.40Variable manufacturing cost per gallon0.80Variable SG&A costs per gallon0.90Fixed manufacturing costs$ 1,450,000Fixed SG&A235,000Total gallons produced650,000Total gallons sold620,000 Absorption Costing Variable manufacturing costs $ - Fixed manufacturing costs - Cost of goods manufactured $ - Cost of goods sold - Ending inventory $ - Sales $ - Cost of goods sold - Gross profit $ - Selling, general, & administrative costs Variable $ - Fixed - - Net income $ - Variable Costing Ending inventory $ - Sales $ - Variable manufacturing costs - Variable manufacturing margin $ - Variable SG&A - Contribution margin $ - Fixed expenses Manufacturing $ - SG&A - - Net income $ - OxiClear manufactures a tile and grout cleaner. The company was formed during the current year. As a result, there was no beginning inventory. Management is evaluating performance and......

Words: 321 - Pages: 2

Tiles

...Tiles 陶質磚 由陶土製造後,面層再上釉,有防水及保護作用 Because of its durability and smooth, clean look, ceramic tile is commonly used for wet areas in and around showers, regardless of what other materials are specified for the remainder of the locker room - although those surfaces are often tile, too. Unfortunately, smoothness can lead to slipperiness, and grout can attract large amounts of mold and bacteria. Still, allegiance among architects to ceramic tile remains strong. "If a client were to ask me what I would recommend, it would be ceramic tile," Kastelic says. "The maintenance issues are minimal compared to the benefits. It's a durable finish, it has good slip resistance if you use unglazed one-by-one- or two-by-two-inch tiles, and it provides lots of options with colors and designs, which we as architects love. If you go with medium- to dark-colored tiles and use deeper-colored grouts and appropriate sealers, you won't have to deal with as many of the mold and staining issues as you might otherwise. Tiles are a popular option for changing room flooring because there are a wide variety meaning you can customise the look to suit. Tiles need little maintenance because they are waterproof and easy to keep clean. Tiles are hard wearing so last a long time under regular use meaning they are a good long term solutions. antibacterial agent and configured so that the squares snap together to form mats that are laid directly over concrete, ceramic tile and other wet area surfaces.......

Words: 289 - Pages: 2

Oxi Clear Manufactures a Tile and Grout Cleaner.

...Oxi Clear manufactures a tile and grout cleaner. Click Link Below To Buy: http://hwcampus.com/shop/oxiclear-manufactures/ Or Visit www.hwcampus.com The company was formed during the current year. As a result, there was no beginning inventory. Management is evaluating performance and inventory management issues, and desires to know both net income and ending inventory under generally accepted accounting principles (absorption costing) as well as variable costing methods. Relevant facts are as follows:Selling price per gallon$ 4.40Variable manufacturing cost per gallon0.80Variable SG&A costs per gallon0.90Fixed manufacturing costs$ 1,450,000Fixed SG&A235,000Total gallons produced650,000Total gallons sold620,000 Absorption Costing Variable manufacturing costs $ - Fixed manufacturing costs - Cost of goods manufactured $ - Cost of goods sold - Ending inventory $ - Sales $ - Cost of goods sold - Gross profit $ - Selling, general, & administrative costs Variable $ - Fixed - - Net income $ - Variable Costing Ending inventory $ - Sales $ - Variable manufacturing costs - Variable manufacturing margin $ - Variable SG&A - Contribution margin $ - Fixed expenses Manufacturing $ - SG&A - - Net income $ - OxiClear manufactures a tile and grout cleaner. The company was formed during the current year. As a result, there was no beginning inventory. Management is evaluating performance and......

Words: 321 - Pages: 2

Tiles Competitor Analysis

...Competitor’s Analysis The following materials are widely and commonly used as flooring and furnishing supplies. These products are considered as direct competitors of Bamboo Tiles. Wood – Solid wood or engineered planks. Advantages | Disadvantages | * Beautiful, warm and soft on the feet * Fairly durable * Long lasting of properly sealed and maintained * many wood types and hues to choose from | * Susceptible to water damage * darkens with age * price range: expensive to very expensive | Pros – Beautiful, warm, soft on the feet, fairly durable, long-lasting if properly sealed and maintained, can be refinished, many wood types and hues to choose from, can be painted or stained for more color options, helps tie kitchen to other rooms in an open floor plan. Cons – Susceptible to water damage, darkens with age, expensive to very expensive, softer woods can dent easily, harder to keep clean than vinyl or laminate – water and spills need to be cleaned immediately. Dust everywhere with refinishing or new installation of unsealed wood. Tip - Material must acclimate for 48 hours before installation.   Stone – Granite, Marble, Limestone, Slate Advantages | Disadvantages | * Beautiful and durable * many color and pattern choices * Tumbled or honed finishes give good traction | * Cold and hard on the feet * Price range: Very expensive * Glossy finishes are slippery when wet and must be polished regularly * Stone is heavy and may......

Words: 955 - Pages: 4