Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
¶ … Shirts Company
Given what you just read about the TwoShirts Company, how do you know that you are effectively achieving your chosen strategy? What steps can the decision maker take to make sure that the he is getting the right information and is interpreting it correctly?
The analysis provided in the TwoShirts Company underscore just how critical it is to engage in iterative analysis of cost constraint models, seeking to optimize cost and production strategies for specific goals. At the very minimum, there needs to be greater focus on understanding the nature of variable and fixed costs per shirt type. The shirts have a very high variable cost percentage which also adds to the lack of predictive accuracy of models as well. As a result of these unknowns it is still too early to tell if the company is still achieving its chosen strategy.
What is apparent is the need for greater accuracy and precision of data as it...
The premise of the case is that too much of a reliance on cost accounting alone can seriously degrade, even blind companies to what they need to know in order to make constraint-based tradeoffs. What is needed is a constraint-based approach to cost analysis that relies on iterative modeling including advanced simulation to determine the optimal mix of products (Souren, Ahn, Schmitz, 2005). The systems in use throughout the case stodgy lack this level of analytical depth and rigor; they are incapable of reporting the specifics of these factors with any level of precision. The job order costing systems are assuming a uniformity of cost behavior that isn't there, in addition to a stabilized variable cost level that also is not necessarily evident in the costing data as well (Williams, 1985). Third there is the need for greater levels of forecast accuracy and validity of…
References
Johnson, B. (1984). Why your company needs three accounting systems. Management Accounting, 66(3), 39-39.
Souren, R., Ahn, H., & Schmitz, C. (2005). Optimal product mix decisions based on the theory of constraints? exposing rarely emphasized premises of throughput accounting. International Journal of Production Research, 43(2), 361-374.
Williams, H.J. (1985). Job order cost accounting information systems. Journal of Small Business Management, 23(2), 17-17.
Debenhams Introduction and Company History Debenhams is a UK-based department store chain with operations in a number of countries around the world. The company operates 153 stores across the UK and Ireland, and has online delivery to 66 countries around the world through Debenhams Direct, including many where Debenhams does not have its own store (Debenhams.com, 2012). The company traces its roots to 1778 in London, where the company remains headquartered to
Dressed in T-shirt that says 'Life is slum' and frayed jeans. Oh yes! His beating was intentional. The way they kicked and stomped him -- over and over again. Though beats me why 20% didn't think so. Bigoted idiots. Three LA Police officers stomped, kicked and beat King with metal batons. The scene was video taped by George Halliday, manager of a plumbing company, from ninety-feet away. Q. What were your reactions? Scandalized.
66). Furthermore, social software will only increase in importance in helping organizations maintain and manage their domains of knowledge and information. When networks are enabled and flourish, their value to all users and to the organization increases as well. That increase in value is typically nonlinear, where some additions yield more than proportionate values to the organization (McCluskey and Korobow, 2009). Some of the key characteristics of social software applications
Moral Criticisms of the Market Moral Criticisms Market This assignment requires read article Ken S. Ewert (found Reading & Study folder). Note article, Ewert defending free market "Christian Socialists." He states position a rebuttal Moral criticisms of the market: A critique of Ewert's analysis It is interesting to read Ken S. Ewert's 1989 criticisms of 'Christian socialists' in light of current debates on other types of economic policies today. Ewert portrays Christian, leftist
Operational implications iPod and iTunes downloads iPod must be an internet-based application. When the customer is online, the iTunes software is automatically tied to the iTunes store in such a way as to ensure that the user is up-to-date. The cover page of the iTunes site is the "store," which assures that any special promotions are immediately visible to the user. From an operational standpoint, that means that iTunes and Apple
But the products sold by GMI are such staples, this is unlikely, and its food products are fairly diverse and palatable to a large, general audience. It has also shown the ability to innovate and swiftly offer customers products with new, different formulas based upon shifts in demand. Thus, its 'fashion line' seems considerably less secure than its food lines, much like its restaurant and toy components. The need to