Assessment of overhead costs Essay Example for Free

Assessment of overhead costs Essay If a decision was made to outsource the manifold manufacturing, then the overheads of the Bridgestone Industries will show significant difference and even reductions in the level of overhead costs. The overhead pertaining to the wages and benefits for the non skilled personnel would decrease as the outsourcing of the product line would reduce the need for the non skilled personnel in the capacities of trucks and janitors by a small percentage level. The overhead associated with the salaried personnel, including the benefits would also decrease as there would be no need to hire or pay personnel to work on the manifold line. The production supplies overhead which includes production gadgets, tools and equipment like gloves, safety goggles and packing material etc would also reduce as the manifold line would not require such production supplies if outsourced. The overheads associated with the small technical tools would also reduce as the need for such tools would no longer be presented by the manifold line, if the line is to be outsourced to a third party. The usage of the utilities like coal, gas and electricity used to drive the manufacturing process of manifold would also be eliminated as an expense. Therefore the overhead associated with this expense would also be significantly reduced. On the other hand the wages of the no production employees and the benefits provided to them might not decrease. Any decrease in this overhead would be minimal as the non production employees are not greatly impacted by the outsourcing of a production line as opposed to the production associated employees and personnel. Similarly the deprecation conducted on the property and the taxes would not reduce and can remain stable as the property is shared by all product lines and as long as the other two product lines are operating, the depreciation overhead would still occur at the same rate. The expenses related to constant personnel for the training, travel, and union representation would also considerably reduce as the number of personnel employed will decrease with the outsourcing of the manifold product line. The project expense of the setup and arrangement of new equipment and machinery would not be a reducing overhead as this expense is effect by purchase of new equipment and not by the operation of a product line. The overhead associated with the benefits provided to employees in terms of overtime payment, on an hourly basis, state unemployment and the pension provided to employees and labor at the company would not reduce by a significant amount. Instead this expense can increase as more people are laid off or provided early retirement if the manifold line is outsources. Similarly the benefits of this kind provided to the skilled hourly workers specifically those associated with production will also reduce in the long term due to the outsourcing of the manifold producing. The reduction of this overhead would be due to the reduction in the employee/ labor strength in the production department which would reduce the expenses of benefits for the labor. Estimated Proposed Budget. In order to effectively budget for the year 1991, considering the manifold line is outsourced to a third party for manufacture, substantial assumptions had to be made. These assumptions pertained included adjusting the estimates of the active production lines at Bridgestone Industries with the incremental growth trend for their respective costs. The costs increase form year to year due to inflation and the changes in the CPI index. As a result it is important to adjust any forecasted figures for the respective growth trend of the costs and revenues. It has also been assumed that by outsourcing the manifold production line, the company is able to eliminate the costs associated with manifold production line labor, the direct materials used by the manifold production line and the overheads that were contributed to by the manifold production online. Another assumption that is made in the proposed budget is that even though the company has outsourced its operations for the manifold production line. The company is still selling the products by purchasing them from the outsourcing company and providing them to the automobile manufacturers in the United States. As a result the sales revenue is forecasted even though the costs associated are eliminated and not considered. Moreover the costs associated with outsourcing are not incorporated in the budget as they are no longer part of the manufacturing/ productions department. The following is the proposed budget for the year 1991 which considers the manifold production line to be outsourced while no additional production line is dropped by the Bridgestone Industries. Proposed Budget for the year 1991 USD (‘000) 1991 Sales Fuel Tanks 87,378. Manifolds 97,031 Doors 52,681 Mufflers/Exhausts Oil Pans 237,089 Direct Material Fuel Tanks 17,693 Manifolds Doors 17,414 Mufflers/Exhausts Oil Pans 35,107 Direct Labor Fuel Tanks 4,788 Manifolds Doors 3,084 Mufflers/Exhausts Oil Pans 7,872 Overheads 1000 3,093 1500 3,229 2000 1,152 3000 768 4000 4,049. 5000 11,043 8000 2,039 9000 3,261 11000 1,650 12000 8,543 14000 4,418 43,246 The proposed budget that has been drawn up significantly depicts that if the company opts to outsource the manifolds production line in the year 1991, then the company is able to observe significance reductions in its operating costs and overheads. Therefore it can be mentioned that by outsourcing the manifold production line the company can experience cost savings and better revenue levels. The proposed budget for the year 1991 indicates that the Sales forecast increased to $237 million while the direct material based costs are forecasted to be at $35 million. The forecast of the direct labor employed for the active production lines would be at $7 million only while the total overheads for the operation would be equivalent to 2 million only. The overhead burden rate in the year 1991 as a result is reduced to 307 percent with the allocated overhead for the fuel tank’s production line at $26 million while the production line for manufacturing the rear and front doors would be at approximately $17 million.

Evaluating The War in Iraq :: War, Iraq

Evaluating The War in Iraq Is the war in Iraq right? Is this not a form of terrorism?, to have U.S. troops stationed in Iraq for six year now. How about pushing our system of government onto another country, isn’t that a form of terrorism? Isn’t this wrong of the US and our fellow Americans to still believe that we’re doing the right thing, when we’ve never received a straight answer as to why we’re even in another country fighting? These are all questions we should be asking, and the answer should be, that it’s morally wrong of the U.S. to be doing so. However, many of us Americans are too blind to see this, to ask these questions, and to do something powerful about it. Many seem to look at it as though, the middle east has done wrong to us, so we must do wrong to them. In addition, after the September 11th attacks, the United States government took it upon it’s self to punish those terrorist held responsible for it’s attacks. Among these people are: Saddam Hussein, Osama bin Laden, and anyone that represented the Al-Quaeda organization. Nevertheless after searching out these terrorist, we took them into our country, into our prison systems, and into our courts to hold justifications over their heads. Each one dying for the terror they imprinted into our once great nation. However is this really morally right? To take away life?, I don’t believe so, but our government and many others do. This is not a justification for any action. Consequently, after finding and executing all of our said terrorist, it wasn’t enough. The U.S. took it upon it’s self to begin an unexplained war with the middle east on March 19th, 2003. And what is the reason for this? Honestly there is no true reason for this. The U.S. has been given so many reasons that the government tried to justify and that us, Americans bought into. For instance, at first we went to Iraq to find WMD’s. However there was no proof of this only suspicion. And after said invasion, there was still no evidence of WMD’s. So, moving forward, the U.S. quickly kept troops stationed in Iraq for a second reason. Which accordingly, the number of terrorist were growing. Namely they have grown and still remain at large. Finally, there were more foolish reasons about oil and other nonsense that could not reach any justification.

Providing Courses Fit for the New Professions amidst the Recession

Colleges and other educational institutions assume a very vital role in the modeling and homing of future professionals. They affect not only the decisions of its students in terms of the students’ profession preference; they also affect the future job options of the students. ABC Institution as one of the education pillars of this country in the aspect of being a leading career college conducts activities and launches curriculum fully guided by the mission that the institution set out to achieve in its years of existence.The mission being â€Å"ABC institution welcomes students of diverse interests, cultures, and abilities and prepares them for careers in thriving fields that are in demand. The core values include providing high quality curriculum, caring and supportive environment, and mentoring students to succeed†.This mission as of the presentation of this paper is now geared towards the creation of a new curriculum under the ABC Institution’s College of Man agement and Administration that will equip its students with up to date education that will give them an edge in landing professions that proved to be in-demand amidst the economic and financial trials of this period marked by the recent global recession. To better understand the technicalities intrinsic to the formulation of a curriculum, defining the common keywords in the issue at hand proves to be vital.In this proposal the word curriculum is defined as the collection of programs of study or major courses to be offered by ABC Institution (The Free Dictionary (Collins English Dictionary), 2009, p. n. pag. ). Program study or major in this proposal is defined as the set of classes or subjects needed to be taken by the students included in the new curriculum of ABC Institution (The Free Dictionary (Collins English Dictionary), 2009, p. n. pag. ).Lastly, classes or courses are the educational groupings of students that would tackle a focal subject related to the new curriculum intro duced by ABC Institution (The Free Dictionary(American Heritage Dictionary), 2009, p. n. pag. ). These definitions will be used throughout this proposal. This proposal is written to distinctively inculcate the values intrinsic to the mission of ABC institution and to the new needs that it will set to fulfill in the next years of its existence.This proposal would compromise between the tenets of ABC Institution’s mission and the specifications of the new programs of study under the new curriculum of management and administration. Compromising between these two factors present in ABC Institution is a must simply because the curriculum should always coincide with the mission of the institution that offers it. Taking ABC Institution for example, the curriculum of management and administration will be designed base on the mission of ABC Institution. This new curriculum will equally welcome students of welcomes students of diverse interests, cultures, and abilities.This new curricu lum will prepare them for careers in thriving fields that are in demand. The core values of ABC Institution which include high quality curriculum, caring and supportive environment, and mentoring students to succeed will be used in full swing upon the launch of its new curriculum on management and administration. Approving the launch of these new course offerings of ABC Institution will not only improve the reputation of the institution as a career college; it will also reshape the modes by which this institution provides quality education to its students (Wijesinghe, 2000, p.1). The creation of new curriculum is one of the most recognized benchmarks of the effectiveness of any institution in terms of being dynamic set in the background that the real world apart from the institution is also very dynamic. Unfortunately, the creation of a new curriculum is not solely dependent on the needs that the curriculum is set to satisfy, resources and other forms of support should be all equall y addressed before introducing a new curriculum (Wijesinghe, 2000, pp. 2-3).As said earlier, this proposal pushes forth the offering of the curriculum focused on management and administration in ABC Institution. The reason behind the vigor put on in this paper to prove that doing so is a must only lies on two basic concepts- students will gain an education edge applicable in many fields and professions related to this course are now demanded worldwide. The theoretical and practical education that students will receive from the different programs of study included in this new curriculum will make them a highly viable labor resource in the near future.The units to be included in this program study may differ from the unit requirements of the other programs of study to be included in the new curriculum. Amidst the allowance provided that may cause differences among programs of study, core subjects should be universal in the whole curriculum to insure that the curriculum has a sense of wholeness. Programs of study to be included in the curriculum are still open to changes; however in this paper core programs are encouraged to be introduced alongside with the launch of the new curriculum.Core programs such as Bachelor of Arts in Public Administration, Bachelor of Arts in Corporate Management and Bachelor of Arts in Financial Management and Administration are pushed forth by this paper with the same weight that it proposes the introduction of the new curriculum. These core programs are deemed to be the programs that will provide the competency needed by the future professionals or students as they take on a very new profession landscape upon their graduation.This proposal is not written on mere impulsive instincts and far flung idealism; this proposal is written through the guidance provided by the mission of ABC Institution. This proposal even in its early stages of formulation considers head on the factors that may affect the introduction of its proposed curriculu m. Given the ample time of research that was given to formulate the proposal, there are three main factors identified to be internal to ABC Institution- integrity, resource preparedness and foundational education.ABC Institution is laden with the burden that it needs to establish its integrity among its students, targeted hiring field and even among its stakeholders (Gardiner, 2010, p. n. pag. ). These different groups should be satisfied with the overall manner by which ABC Institution provides the programs of study under its newly introduced curriculum. Resource preparedness is also vital to the success of the introduction of the new curriculum because the preparations put on by ABC Institution will insure that the curriculum will not be down played in terms of its manpower and educating credibility (Gardiner, 2010, p.n. pag. ). Faculty members and other staffs of ABC should be prepared in all aspects, particularly in terms of being knowledgeable of the programs to be included in the curriculum, furthermore to the curriculum itself. Departmental turf should also be taken into consideration since the curriculum of management and administration is multidisciplinary in nature (Gardiner, 2010, p. n. pag. ). Faculty members should also be allowed to freely express their insights and criticisms on the newly introduced curriculum.The faculty members are those who would have firsthand interaction with the curriculum and its students; this made them credible sources of new ways of further improving the curriculum upon its introduction. Ultimately, the faculty members should be constantly reminded to handle the programs of study included in the curriculum with the consciousness that the lessons and activities should coincide with the mission of ABC Institution and with the goals of introducing the curriculum (Gardiner, 2010, p. n. pag. ).Finally, the foundations of educating its students under the new curriculum should be constantly assessed and evaluated to insure th at educational drifts are being avoided by providing constantly improving modes of education. The foundations that the curriculum will be able to establish in its early years will determine its future as a part of ABC Institution and establishing a good one should be prioritized (Gardiner, 2010, p. n. pag. ). In this proposal there is only one discerned external factor- the in demand labor market.No matter how fluent this proposal maybe in justifying that the establishment of a new curriculum on management and administration is viable will be put to trash unless it will have an established target in the labor demand market. As a hint in the earlier parts, the new curriculum on management and administration is proposed to be introduced to educate and train students to be professionals viable to fill one of the most in demand professions- government managers (Kadlec, 2009, p. 11). This is a labor market that is deemed to be in constant hiring for the next three decades.This demand is neither artificial nor temporary; it is a demand made by one of the most financially influencing event of all times- the global recession. The global recession has increased the demand for government managers because it forced many companies to sought help and assistance from the governments all around the world (Kadlec, 2009, p. n. pag. ). New professions are being created everyday just to manage corporate bail outs and turnovers facilitated by governments; in this aspect alone thousands of available jobs are being created.Aside from this aspect of the global recession; professions on human resources and public affairs are almost equally opening up due to the sudden involvement of many governments with the corporate affairs. This is the major labor market that the curriculum if management and administration seeks to fill in by creating the fittest professionals for the job through the programs of study that ABC Institution offers. The high demand to fill in the slots of government managers is only one of the target industries of this new curriculum.The ongoing demand for financial analysts and market experts are also some of the in demand jobs that this curriculum seeks to fill in (Kadlec, 2009, p. n. pag. ). After presenting every detail of this proposal for the ABC Institution, the one that proposed it realized one thing; there is a huge and almost untapped market of labor demands that ABC Institution can pioneer on†¦so why hesitate? Bibliography Gaff, J. G. , & Ratcliff, J. L. (1997). Handbook of the Undergraduate Curriculum: a comprehensive guide to purposes, structures, practices and change.Jossey Bass. Gardiner, L. F. (2010). Designing a College Curriculum. Retrieved July 8, 2010, from www. thenationalacademy. org: http://www. thenationalacademy. org/readings/designing. html Kadlec, D. (2009, June 2). Government Manager: Top Ten Jobs for the Recession. Retrieved July 8, 2010, from www. times. com: http://205. 188. 238. 109/time/specials/packages/ar ticle/0,28804,1901876_1901874_1901854,00. html The Free Dictionary (Collins English Dictionary). (2009). Curriculum. Retrieved July 8, 2010, from www. freedictionary.com: http://www. thefreedictionary. com/curriculum The Free Dictionary (Collins English Dictionary). (2009). Program of Study. Retrieved July 10, 2010, from www. freedictionary. com: http://www. thefreedictionary. com/programme+of+study The Free Dictionary(American Heritage Dictionary). (2009). Class. Retrieved July 8, 2010, from www. freedictionary. com: http://www. thefreedictionary. com/classs Wijesinghe, G. (2000). New Offerings for a New Era: Evaluating the Viability of New Degree Programs . Florida: State University System of Florida.

The World Of Knowledge Is Not Exempt From Business Ethics

The World of Knowledge Is Not Exempt From Business Ethics MG 640: Managerial Economics Prof. Rawana Miral Patel Due: November 8, 2015 Ethics is one of the most pertinent topics in todays world. In the present one finds oneself in a constantly evolving lifestyle where the boundaries between what is right and what is wrong is constantly changing and the line between truth and false is blurring. Even in this scenario one does understand the implications even a small wrong decision can make. The challenge is to define what is the correct path for the present time. A lot of the rules considered proper in the past are considered absolutely insane today and a lot of the wrongs of the past are considered the norm today. We often forget that educational institutions are also businesses and when we look at them from a business ethical stand point we can see some of the issues more clearly. With the most number people than ever before trying to earn an education, the business ethics of the education enterprise is become very important. Let us examine some issues in the business ethics of education through four of Humbert†™s principles. First of all lets look at the principle that states â€Å"Business Ethics require Integrity. Integrity refers to whole-ness, reliability and consistency† (Humbert, 2003, p.1). This is especially important in educational institutions. If administrators and professors do not show the character to have whole-ness, reliability andShow MoreRelatedTrends in Human Resource Management1143 Words   |  5 Pagessome of the changes being made as the United States quickly transforms from an industrial society to a service society. Instead of the boss being the CEO the boss is now becoming the customer. As our company structures change thus does the roles of our Humane Resource departments. 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