• Product Life Cycle 
   
  By having an understanding of the product life cycle, businesspeople can make savvy marketing choices. What is a popular item today that you’ve seen go through the Product Life Cycle? Explain the characteristics for each phase of the product’s life cycle. How can each phase of the life cycle impact the product’s brand? You must use the text and at least one other source. 

1.  

• Product Usage Categories 
   
  Visit Minimus.Biz (Follow link in REQUIRED materials), a company specializing in individually-sized products. Review the different product categories along the left navigation panel of the home page.  How might these items be combined to create a usage group like a “convention survival package” or “campers’ kit”? Explain your reason for choosing as you did.

Which items, if purchased, might create complementary demand for another item in the line? Explain how it might accomplish this?

Which items might substitute for another?  Why did you choose that substitute and how might it affect demand?

 

 

link: Minimus.Biz (http://www.minimus.biz/default.aspx)

• Long (read the whole book—it won’t take as long as you think)
• Gardner (166-178, paying particular attention to “Cultural Studies,” “Marxist Criticism,” and “Structuralism”)
• Go to http://bcs.bedfordstmartins.com/virtualit/fiction/, click on “Critical Approaches to Fiction” and then read the sections on “Structuralism” and “Marxist Criticism.” I would highly suggest you read the sample essay on Jamaica Kinkaid’s “Girl” included as part of the “Marxist Criticism” page.

• Assignment:

  • Discussion Board: Post a response to some (obviously not all) of Long’s book in which you discuss one or several stories under the auspices of cultural studies, structuralism, or Marxism critical approaches. There’s more information on critical approaches at the Purdue OWL page (search for owl critical theory and it’ll come up).

1. __________ increased industrial efficiency. (Points : 1) Better educated laborers Immigrants Technical schools Scientific management theory 2. Early factories used __________ as a power source. (Points : 1) water wind sun coal 3. Employers wanted to hire the cheapest labor possible because (Points : 1) most jobs required expensive training. most jobs were unskilled. most jobs were done in horrible conditions. it cost a lot to bring workers to America. 4. Children were not allowed to work in steel mills. (Points : 1) True False 5. Technological advancements improved (Points : 1) transportation. communication. labor conditions. both a and b 6. Alexander Graham Bell developed the telephone after (Points : 1) inventing a hearing aid. developing electrical technology. working with hearing impaired people. none of the above 7. When share holders reinvest profits into a company, the company (Points : 1) uses the money to grow. researches and develops more products. pays higher wages. both a and b 8. Before the Industrial Revolution, most businesses (Points : 1) were small with one owner. had no employees. needed a lot of capital. needed many unskilled laborers. 9. _________ developed a method to mass-produce steel in America. (Points : 1) William Kelly Henry Bessemer Frederick Taylor Lewis Latimer 10. Because of whose improvement in light bulb filaments did light bulbs last longer? (Points : 1) Thomas Alva Edison Lewis Latimer Alexander Graham Bell Orville Wight

The decision was made to use a process costing system. The first month of operation went fairly smoothly, and the CFO is ready to prepare her journal entries but asked for your help because she has not done this before for a manufacturing company.

Data for month ending 1/31/200X
Direct labor expended on jobs completed in month 1	$100,000
Direct material used up	$500,000
Budgeted manufacturing overhead	$2,000,000
Budgeted production volume	4,000 units
Actual production volume	4,500 units
Supplies, indirect labor, maintenance repair costs totaled	$2,200,000
Beginning work in process inventory	0
Ending work in process inventory	0

Individual Portion:

Using only the data in the chart, prepare the proper journal entries—including a date and notes showing any calculations—to record the following:

• Labor
• Direct material going into the work in progress (WIP) account
• Manufacturing overhead all being credited to accounts payable

Please add your file.

Group Portion:

You, the CFO, and the rest of the accounting department now need to write a memo summarizing the data from the first month of using the process costing system operation.

Using only the data above, prepare a 300–400-word memo addressing all of these questions and showing all calculations:

• Why is calculating the predetermined overhead rate so important?
• Compute the firm’s predetermined overhead rate.
• What would it mean if you mistakenly used too high a predetermined rate? What would it mean if you mistakenly used too low a predetermined rate?
• Compute the proper amount of overhead to apply.
• Compute the over- or under applied overhead.
• Prepare the journal entries to record the closing-out of the balance in manufacturing overhead to the appropriate accounts, and show any necessary calculations in the notes of the journal entry. 

Please add your file.

The following rubric will be used for grading:

 

Grading Rubric
30%	Individual Portion: Prepare correctly formatted, proper journal entries—including a date and notes any calculations—to record the following: 10% Labor 10% Direct material going into the work in progress (WIP) account 10% Manufacturing overhead all being credited to accounts payable
5%	Group Portion: 1. Why is calculating the predetermined overhead rate so important?
5%	Group Portion: 2. Compute the firm’s predetermined overhead rate. Show all calculations.
5%	Group Portion: 3. What would it mean if you mistakenly used too high a pre-determined rate? What would it mean if you mistakenly used too low a predetermined rate?
5%	Group Portion: 4. Compute the proper amount of overhead to apply. Show all calculations.
20%	Group Portion: 5. 10% Compute the over- or under-applied overhead. 10% Show all calculations.
20%	Group Portion: 6. 10% Prepare the journal entries to record the closing-out of the balance in manufacturing overhead to the appropriate accounts. 10% Show any necessary calculations in the notes of the journal entry.
10%	Group Portion: 5% The document is a 300–400-word memo. 5% The memo is a cohesive document.

The Presedent of the United States Obama.

 

Watch the video first then evaluate his persuasive speech.

 

answer the questions in the third and fourth pictures.

 

The Video link:

https://www.youtube.com/watch?v=hed1nP9X7pI

 

Two to three pages.

 

All the requirments in the uploads.