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ACCT 140-45 ACCT140-45 ACCT/140-45 Notes B&E M – 85 of our learning is derived from listening

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ACCT 140-45 ACCT140-45 ACCT/140-45 Notes B&E M – 85 of our learning is derived from listening

85% of our learning is derived from listening

An interesting or starting statistic

Audience involvement

A compelling story or anecdote

A relevant simile or metaphor

SLIDES

Operations Management

Managing all the activities involved in creating value by producing goods and services and distributing to customersCharacteristics of a changing environment

Description

ACCT 140-45 ACCT140-45 ACCT/140-45 Notes B&E M – 85 of our learning is derived from listening

85% of our learning is derived from listening

An interesting or starting statistic

Audience involvement

A compelling story or anecdote

A relevant simile or metaphor

SLIDES

Operations Management

Managing all the activities involved in creating value by producing goods and services and distributing to customersCharacteristics of a changing environment

Focus from efficiency to effectiveness

Efficiency:

Producing output or achieving a goal at the lowest cost

Effectiveness: Using resources to create value by providing customers with better goods and services(The more efficient and effective you are the more you minimize your costs)

(You have to balance that without becoming overly cost conscious)

Focus from goodsto services

Focus from mass production to mass customization

Mass customization: Production of customized goods/ services to precisely meet the needs of specific customersFocus from local to global competition

Focus from simple supply chain to complex value chain

Focus from exploiting to protecting the environment(Examples of mass customization: Nike ID (make your own shoe)

Need wide variety of materials that are easily accessible to be able to efficiently make a shoe

Operations managers need to ensure that any combination of materials can be used)

Responsibilities of Operation Managers

Processselection and facility layout

Considering the volume of production and the degree of standardization of the product

Location of the facility

Adequacy of utilities and land

Labor market condition

Transportation and quality-of-life factors

Legal and political environment(example of location: Amazon put a warehouse on route 94/96 because most semi traffic goes on this road)

Managing inventories

Inventories: Stocks of goods held by organizations
Project scheduling
Critical path method (CPM):Illustrative relationships among all the activities and identities sequence of activities
Immediate predecessors: Activities that are required to be completed before another activity can initiate(Some expenses that are needed for inventory are : climate control, organizational personnel, equipment (fork lifts and such) the inventory itself)
Designing and managing value chains
Value chain:Channels flow of inputs, information, and financial resources through all the processes
Vertical integration(Example: Auto industry. Most companies just assemble, not make parts. Integration would be making their own parts and not being reliant on outside sources)
Outsourcing (moving job from in house to outhouse)
Offshoring (moving a domestic job overseas)
Enterprise resource planning (ERP): Software
-based approach to integrate anorganization’s information flowsTechnology of Operations
Automation: Replacing human operation and control of machinery and equipment with some form of programmed control
Robot: Reprogrammable machine capable of manipulating materials, tools, parts, and specialized devices to perform tasks(In most assembly lines it is mostly robots and not workers, workers are normally at a console

ACCT 140-45 ACCT140-45 ACCT/140-45 Notes B&E M – 85 of our learning is derived from listening

ACCT 140-45 FINANCIAL ACCOUNTING School: Champlain College * Documents (25) Q&A (4) Textbook Exercises (20+) FINANCIAL ACCOUNTING Documents All (25) Assessments Assignments Essays Homework Help (8) Lab

Reports Lecture Slides Lesson Plans Notes (15) Syllabi Test Prep (1) Showing 1 to 25 of 25 Sort by: Most Popular 2 pagesNotes # 6 [9-22-2016]Notes # 6 [9-22-2016] Champlain College FINANCIAL ACCOUNTING

ACCT 140-45 – Spring 2017 Register Now Notes # 6 [9-22-2016] 1 pagesproblem 6-26Aproblem 6-26A Champlain College FINANCIAL ACCOUNTING

ACCT 140-45 – Fall 2019 Register Now problem 6-26A 1 pagesProblem 5-21AProblem 5-21A Champlain College FINANCIAL ACCOUNTING

ACCT 140-45 – Fall 2019 Register Now Problem 5-21A 2 pagesProblem 3-21ABlankProblem 3-21ABlank Champlain College FINANCIAL ACCOUNTING

ACCT 140-45 – Fall 2019 Register Now Problem 3-21ABlank 2 pagesProblem 3-17AProblem 3-17A Champlain College FINANCIAL ACCOUNTING

ACCT 140-45 – Fall 2019 Register Now Problem 3-17A 1 pagesProblem 3-19AProblem 3-19A Champlain College FINANCIAL ACCOUNTING

ACCT 140-45 – Fall 2019 Register Now Problem 3-19A 1 pagesProblem 9-23 AProblem 9-23 A Champlain College FINANCIAL ACCOUNTING

ACCT 140-45 – Fall 2019 Register Now Problem 9-23 A 1 pagesProblem 2-17AProblem 2-17A Champlain College FINANCIAL ACCOUNTING

ACCT 140-45 ACCT140-45 ACCT/140-45 Notes B&E M – 85 of our learning is derived from listening

ACCT 140-45 – Fall 2019 Register Now Problem 2-17A 2 pagesProblem 4-25AProblem 4-25A Champlain College FINANCIAL ACCOUNTING

ACCT 140-45 – Fall 2019 Register Now Problem 4-25A 7 pagesMinicase 2.xlsxMinicase 2.xlsx Champlain College FINANCIAL ACCOUNTING

ACCT 140-45 – Fall 2019 Register Now Minicase 2.xlsx 3 pagesWeek 1 notes.docWeek 1 notes.doc Champlain College FINANCIAL ACCOUNTING

ACCT 140-45 – Summer 2019 Register Now Week 1 notes.doc 1 pagescheat sheet 2.docxcheat sheet 2.docx Champlain College FINANCIAL ACCOUNTING

ACCT 140-45 – Spring 2017 Register Now cheat sheet 2.docx 3 pagesnotes.docxnotes.docx Champlain College FINANCIAL ACCOUNTING

ACCT 140-45 – Spring 2017 Register Now notes.docx 2 pagesNotes # 2 [9-8-16]Notes # 2 [9-8-16] Champlain College FINANCIAL ACCOUNTING

ACCT 140-45 – Spring 2017 Register Now Notes # 2 [9-8-16] 2 pagesNotes # 3 [9-12-16]Notes # 3 [9-12-16] Champlain College FINANCIAL ACCOUNTING

ACCT 140-45 – Spring 2017 Register Now Notes # 3 [9-12-16] 2 pagesNotes # 7 [9-26-16]Notes # 7 [9-26-16] Champlain College FINANCIAL ACCOUNTING

ACCT 140-45 – Spring 2017 Register Now Notes # 7 [9-26-16] 2 pagesNotes # 5 [9-19-16]Notes # 5 [9-19-16] Champlain College FINANCIAL ACCOUNTING

ACCT 140-45 ACCT140-45 ACCT/140-45 Notes B&E M – 85 of our learning is derived from listening

ACCT 140-45 – Spring 2017 Register Now Notes # 5 [9-19-16] 2 pagesNotes #14 [10-27-16]Notes #14 [10-27-16] Champlain College FINANCIAL ACCOUNTING

ACCT 140-45 – Spring 2017 Register Now Notes #14 [10-27-16] 2 pagesNotes #18 [11-14-16]Notes #18 [11-14-16] Champlain College FINANCIAL ACCOUNTING

ACCT 140-45 – Spring 2017 Register Now Notes #18 [11-14-16] 1 pagesNotes #16 [11-7-16]Notes #16 [11-7-16] Champlain College FINANCIAL ACCOUNTING

ACCT 140-45 – Spring 2017 Register Now Notes #16 [11-7-16] 2 pagesNotes # 19 [11-17-16]Notes # 19 [11-17-16] Champlain College FINANCIAL ACCOUNTING

ACCT 140-45 – Spring 2017 Register Now Notes # 19 [11-17-16] 1 pagesNotes #12 [10-20-16]Notes #12 [10-20-16] Champlain College FINANCIAL ACCOUNTING

ACCT 140-45 – Spring 2017 Register Now Notes #12 [10-20-16] 1 pagesNotes # 1 [9-5-16]Notes # 1 [9-5-16] Champlain College FINANCIAL ACCOUNTING

ACCT 140-45 – Spring 2017 Register Now Notes # 1 [9-5-16] 17 pagesAlberto’s Financial Accounting NotesAlberto’s Financial Accounting Notes Champlain College FINANCIAL ACCOUNTING

ACCT 140-45 – Spring 2017 Register Now Alberto’s Financial Accounting Notes 10 pagesNotes B&E MNotes B&E M Champlain College FINANCIAL ACCOUNTING

ACCT 140-45 – Spring 2017 Register Now Notes B&E M Textbook Exercises Managerial Accounting image Managerial Accounting Ch 1, Section WRMAP What Role Do Management Accountants Play?, Exercise 01Managerial accounting focuses on the internal activities of an organization and starts from…

ACCT 140-45 ACCT140-45 ACCT/140-45 Notes B&E M – 85 of our learning is derived from listening

Managerial Accounting Ch 2, Section HDCDC How Do Companies Define Cost?, Exercise 02Period costs are those costs which do not contribute directly to the production of goods.Managerial Accounting Ch 3, Section HDMDJ How

Do Manufacturers Determine a Job’s Cost?, Exercise 01Managerial accounting enables the managers to take reliable decisions by interpreting the…Managerial Accounting Ch 4, Section WHCRA Why and How Do Companies Refine Their Cost Allocation Systems?,

Exercise 01Compute the MOH as per plantwide overhead rate by multiplying the plant wide overhead rate by…Managerial Accounting Ch 5, Section EoC End of Chapter, Exercise 1Process costing is a method of dividing a process into small stages where value addition happens at…

Managerial Accounting Ch 6, Section EoC End of Chapter, Exercise 1Cost behavior refers to a change in the cost due to a change in the volume of production.Managerial Accounting Ch 7, Section WSCIR What Are Some Common Indicators of Risk?, Exercise 05

The operating cost will be lower under the offered situation when compared to the current cost. The…Managerial Accounting Ch 8, Section HDMPD How Do Managers Make Pricing and Special Order Decisions?, Exercise 01Calculate the total capacity by dividing the current level of production by the current capacity.

ACCT 140-45 ACCT140-45 ACCT/140-45 Notes B&E M – 85 of our learning is derived from listening

Managerial Accounting Ch 9, Section EoC End of Chapter, Exercise 1A budget is a statement that shows estimated income and expenses for a future period.Managerial Accounting FINANCIAL ACCOUNTING Tests Questions & Answers Showing 1 to 4 of 4 View all please show work 1 2 3 4 5

Use the following information to determine the break-even point in sales dollars: Unit sales 47,600 units Dollar sales $476,000 Fixed costs $201,000 Variable 1 2 3 4 5 Locus Company has total fixed costs of $115,000. Its product sells for $43 per unit and variable costs amount to $23 per unit.

Next year Locus Company wishes 1 2 3 4 5 Please see an attachment for details 1 2 3 4 5 Back to Department Related Courses ACCT 230 – Intermediate Accounting (108 Documents)ACCT 311 – (37 Documents)ACCT 350 – (31 Documents)ACCT 310-81 – Federal Taxation (24 Documents)

ACCT 231 – 231 (14 Documents)ACCT -231 – (7 Documents)ACCT 420 – Audting (5 Documents)ACCT 240 – mGMNT 240 (5 Documents)ACCT 310 – 310 (4 Documents)ACCT -280-45A – Forensic Accounting (3 Documents)

ACCT 140-45 ACCT140-45 ACCT/140-45 Notes B&E M – 85 of our learning is derived from listening

Managerial Accounting Ch 2, Section HDCDC How Do Companies Define Cost?, Exercise 02Period costs are those costs which do not contribute directly to the production of goods.Managerial Accounting Ch 3, Section HDMDJ How

Do Manufacturers Determine a Job’s Cost?, Exercise 01Managerial accounting enables the managers to take reliable decisions by interpreting the…Managerial Accounting Ch 4, Section WHCRA Why and How Do Companies Refine Their Cost Allocation Systems?,

Exercise 01Compute the MOH as per plantwide overhead rate by multiplying the plant wide overhead rate by…Managerial Accounting Ch 5, Section EoC End of Chapter, Exercise 1Process costing is a method of dividing a process into small stages where value addition happens at…

Managerial Accounting Ch 6, Section EoC End of Chapter, Exercise 1Cost behavior refers to a change in the cost due to a change in the volume of production.Managerial Accounting Ch 7, Section WSCIR What Are Some Common Indicators of Risk?, Exercise 05

The operating cost will be lower under the offered situation when compared to the current cost. The…Managerial Accounting Ch 8, Section HDMPD How Do Managers Make Pricing and Special Order Decisions?, Exercise 01Calculate the total capacity by dividing the current level of production by the current capacity.

ACCT 140-45 ACCT140-45 ACCT/140-45 Notes B&E M – 85 of our learning is derived from listening

Managerial Accounting Ch 9, Section EoC End of Chapter, Exercise 1A budget is a statement that shows estimated income and expenses for a future period.Managerial Accounting FINANCIAL ACCOUNTING Tests Questions & Answers Showing 1 to 4 of 4 View all please show work 1 2 3 4 5

Use the following information to determine the break-even point in sales dollars: Unit sales 47,600 units Dollar sales $476,000 Fixed costs $201,000 Variable 1 2 3 4 5 Locus Company has total fixed costs of $115,000. Its product sells for $43 per unit and variable costs amount to $23 per unit.

Next year Locus Company wishes 1 2 3 4 5 Please see an attachment for details 1 2 3 4 5 Back to Department Related Courses ACCT 230 – Intermediate Accounting (108 Documents)ACCT 311 – (37 Documents)ACCT 350 – (31 Documents)ACCT 310-81 – Federal Taxation (24 Documents)

ACCT 231 – 231 (14 Documents)ACCT -231 – (7 Documents)ACCT 420 – Audting (5 Documents)ACCT 240 – mGMNT 240 (5 Documents)ACCT 310 – 310 (4 Documents)ACCT -280-45A – Forensic Accounting (3 Documents)

ACCT 140-45 ACCT140-45 ACCT/140-45 Notes B&E M – 85 of our learning is derived from listening

Managerial Accounting Ch 9, Section EoC End of Chapter, Exercise 1A budget is a statement that shows estimated income and expenses for a future period.Managerial Accounting FINANCIAL ACCOUNTING Tests Questions & Answers Showing 1 to 4 of 4 View all please show work 1 2 3 4 5

Use the following information to determine the break-even point in sales dollars: Unit sales 47,600 units Dollar sales $476,000 Fixed costs $201,000 Variable 1 2 3 4 5 Locus Company has total fixed costs of $115,000. Its product sells for $43 per unit and variable costs amount to $23 per unit.

Next year Locus Company wishes 1 2 3 4 5 Please see an attachment for details 1 2 3 4 5 Back to Department Related Courses ACCT 230 – Intermediate Accounting (108 Documents)ACCT 311 – (37 Documents)ACCT 350 – (31 Documents)ACCT 310-81 – Federal Taxation (24 Documents)

ACCT 231 – 231 (14 Documents)ACCT -231 – (7 Documents)ACCT 420 – Audting (5 Documents)ACCT 240 – mGMNT 240 (5 Documents)ACCT 310 – 310 (4 Documents)ACCT -280-45A – Forensic Accounting (3 Documents)