Farm Financial Standards Council Case Study Essay

Farm Financial Standards Council Case Study - Essay Example Activity based costing on the basis of identified and mutually agreed activities and grouped under Production Cost Centers, Support Cost Centers and Profit Centers is definitely a more logical and inclusive approach as it traces the flow of all agricultural inputs and outputs. It is similar to process costing methods used in the manufacturing industries where the cost of every subsequent department is added to the previous ones and after elimination of waste products, we are left with the final cost of the finished products as they emerge from the last department into the finished goods inventory. For a farm the finished product would be the different crops produced. Although the first solution is more amenable to the situation at John and Mary’s Farm, the second is proposed as a better starting point for any type of agricultural enterprise. The benefits of the first solution are that it uses well regarded units such as acres for corn crop and bushels for soybean marketing whi ch are logical and make very good sense (Case Study, pp 6-7). The reports generated in the first solution are also quite detailed and show quarter-wise production costs and expenses for each crop planted and reaped. There are also reports of inventories of different crops produced and sold, which includes cost per bushel or acre as well as in dollar terms. Such type of management reporting and control is a farmer’s dream. He is able to know the costs and expenses on all that he has grown so that he can price it better in the marketplace. Of course the second solution just proposes an alternative and more logical starting point for all types of agricultural enterprises, and would be an invaluable guide to using the ABC method for newly established farming organizations. It is definitely more detailed and logical. ABC information can even be used to reengineer processes and make other improvements to quality while still cutting costs (www.prosci.com/abc1.htm). 2. If the Farm Co uncil Case did not use Activity Based Costing, identify several dysfunctional decisions that could be made using traditional cost allocation. Which solution do you prefer, the initial or alternative solution proposed in the case? Explain the difference between the suggested solution and alternative solution. As we already know, activity based costing and volume based costing are the two alternative methods in use today, in many enterprises across the world. The drawbacks of the traditional or volume based costing methods are well known. It seeks to allocate indirect costs or overheads on arbitrary bases like machine hours used or labor hours consumed that are not truly representative of costs incurred on various activities or products produced (Roztocki, 1998). ABC method on the other hand focuses on indirect costs or overheads, tracing each expense to a particular cost object. It makes indirect expenses more directly attributable to products and activities. ABC is particularly pref erred when overheads are high and products are diverse. The basic premise of ABC is that cost object consume activities and activities consume resources. Resource consumption drives costs, and understanding the relationship between resource consumption and activities is critical to managing overhead. If the farm chose to use traditional costing methods instead of activity

Personal Selling Essay -- essays research papers

Index 1. The Organization: What it is and what itdoes 2. The Products and services marketed 3. The role of personal selling in the promotional mix 4. A description of the salesperson’s job 5. The selling process SRCC TRADING DEPARTMENT 1: The Organization: what it is and what it does The Trading Department is the preferred supplier of Agricultural Chemicals, Fertilizer, Packhouse and General Farming Requisites in the Sundays river Valley. Mission: The Trading Department supply and sell Agricultural Chemicals, Fertilizer, Packhouse Material and General Farming Requisites to Citrus Growers and Private Packhouses in the Sundays river Valley. A knowledge-able ,skilled, trained and motivated staff who are focus on excellent client-service by ensuring competitive prices on products, stock availability and technical advice . The objective of the Trading Department. The primary objective of the Trading Department is to assist the shareholders of the Company in maximizing the profits of their farming operations. The secondary objectives of the Trading Department are: †¢ Economic efficiency. †¢ Good Image. †¢ Maximum client support. †¢ Growth and development. In Conclusion: The management of the Trading Department must on a continuing and long term basis stay focused on providing farming requisites and in so doing assist in keeping production costs of the farming units as low as possible. The Trading Department must strive to achieve its secondary goals to make this possible. 2: The Products/Services marketed †¢ The long-term objectives of the Trading Department are dependent on determining the needs and wants of the citrus-growers, private pack houses and other target markets and satisfying these more effectively than our competitors . †¢ The Trading Department follows the relationship perspective on marketing - consumer retention, consumer loyalty and consumer service ( or service quality). †¢ Regular (every alternative month) memos and circulars will be posted to our customers to motivate and to restrict their ... ...cal support needs." The presentation is more about establishing a relationship—as a growing account .If there is no sale or order at the end of the presentation, at least leave knowing why not. Is there some reason why we can't take care of this right now?" Agreeing on the next step is as good as any order once the presentation is done. "Never leave without some kind of agreement as to where the customer-seller relationship is going [next appointment, calls to be made]," Also, knowing when to leave is important. "Once you ask for, and receive the order, it is appropriate to leave. Just say thank you and move on. You don't want to outlast your welcome." But sales managers and some salespeople haven't realized that the decision-making time has lengthened. "The customers don't want to make their decisions until they are absolutely sure. After the presentation, most salespeople just give up too soon. Manage the process of keeping in touch with the prospective customer. Because when they do decide to make a buy, and you happen to be off their radar, they'll go to the next person. Not managing your follow through is how sales are lost."

How computers effect our lives?

Computer as a tool and a technique product is no longer strange for people in modern society. People use computer anywhere with and field. Computers have played an amazing role in the world. Nowadays, almost everybody has more than one computer in their home. More areas are being taken over by the computer. Today, the computer has changed the business world and our daily lives. To begin with, can you image that you live without computers during a week?For me, it is absolutely not possible since I use computer to contact my family and my friend everyday. Most of the youth of today use computers to relax in their daily lives. They play computer games or enjoy in the social network. Also, people can choose movies and listen to music that they like. In addition, computers are essential tools that help people in work area. Programs can do various functions and ease the process of doing it manually without computer. For instance, designers use software to deal with all the advertising and design papers.Businessmen use computers to communicate with their clients like video chat, online phones and sales transaction, while some people can find a job or an opportunity on the internet. Moreover, the most important is that computer improves efficiency for people’s lives. For example, individuals not only can use computers to book trios online, but also book hotels, flights even a delicious meal. Furthermore, people can shop on line to buy anything for a lower price. It’s not only convenient, but also saves people money and time.Additionally, computers are used extensively in public department like hospitals; the doctors can log new information or take the medical history from the patient. Also, computers play a significant role in a surgery which the doctors can know the condition about the patient during the process. It is the best way to help doctors analyze and solve problems for patients. Besides medical system, in the high crime rate society computer tec hniques help the police to analyze cases and it’s both quick and accurate to solve a case.Computers are the best tool to learn about people whether you are old or a disabled person. It is no longer that time, when people only could be educated in school. Nowadays, everyone can study online to learn languages, cultures, history etc. Also, you can watch public classes online courses from Yale, Stanford, Oxford which have fascinating selection to attract you to help develop cognitive abilities. You needn’t go to the UK or US, the only one thing you do is just open your computer then enjoy it. On the other hand, the computer is a great tool for people who are looking to learn anything in the world.Whether you want to read books or search the news, or get information worldwide, the computer can handle all these of things. Computer can compute thousands of problems in just a second. You can send documents in just one click and keep in touch with your relatives in aboard. Fin ally, the computer is a very spectacular tool that can change and effect people’s lives. The computer has truly revolutionized changed this epoch. It has made everyone’s life easier by doing difficult subjects. The computer is one of the most incredible inventions in history.

Essay about Lady Macbeth - Human Weakness - 729 Words

Lady Macbeth in William Shakespeare’s play ‘Macbeth’ is a character who suffers greatly in because of her human weakness, which is her vaulting ambition. This ambition is not for her, but for her husband. This woman, who seemed so in control at the beginning of the okay, only cared for her husband and his success, later becomes so consumed with guilt and remorse that it results in her tragic death. Through the discussion of characterisation and lkey scenes, I shall reveal that Lady Macbeth’s human flaw is not only a major contributor to the ruthlessness of her husband but creates a huge influence in how the play unfolds. The effect of Lady Macbeth’s ambition and compassion towards her devoted husband is immediately shown in the first†¦show more content†¦As in the same soliloquy she states her concerns for Macbeth that his soul is ‘too full of the milk of human kindness/ to catch the nearest way’. This means that she thinks that Macbeth’s natural kindness is a bad thing and that he would be unable to murder Duncan, the quickest way to become king. However, when Macbeth returns home from fighting he is greeted with the plan to kill Duncan. At first he refuses to co-operate but his wife manipulates him to change his mind. She throws at him insults, such as ‘once you durst do it, then you were a man’ and to call a man who just fought bravely for his king a coward in a mighty insult. She also throws at him ‘From this time such I account thy love’. At the end, in order to make sure Macbeth does commit the unnatural deed she tells him a disturbing image of her with her newborn child ‘And dashd the brains out, had I so sworn as you’. Even so, if Lady Macbeth was a heartless, truly selfishly ambitious and a ruthless character then she would not have to call upon spirits to help become evil and take all her womanly qualities. Thus implying that she has womanly qualities that she wants rid of. And Shakespear makes us weary of this by allowing her to speak her thoughts and agony’s but only when Macbeth is not around. When Macbeth commits the murder, in Act 2, he is truly distraught and cannot think correctly and brings back the blood laden daggers with him. So Lady Macbeth, again, takes control of theShow MoreRelatedAppearance Vs Reality : Macbeth, And Lady Macbeth1504 Words   |  7 PagesAppearance versus Reality in Macbeth, and Lady Macbeth Macbeth is one of Shakespeare’s most mystifying plays and is a study of human nature. The theme of appearance versus reality is apparent in Macbeth. It’s filled with numerous, notable, and significant scenes, including when King Duncan visits the Macbeth’s home, Lady Macbeth’s sleepwalking scene, and Macbeth’s dagger soliloquy. 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However, this changes when three witches confront Macbeth and Banquo and foretell their future fates. After their conversation finishes, Macbeth’s loyalty is constantly seen chipped away as more of his thought are revealed. Eventually, as he losesRead More Lady Macbeths Conscience in Shakespearess Macbeth Essay577 Words   |  3 PagesLady Macbeth, a leading character in William Shakespeare’s famous tragedy Macbeth, progresses throughout the play from a savage and heartless creature to a delicate and fragile woman, having no regard for mortality. In the beginning of the play, Lady Macbeth is both equally ambitious and evil as she urges her husband to kill King Duncan in order to fulfill the witches’ prophecies by gaining social power on the throne as king and queen. 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