{"id":126285,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/discuss-the-critical-success-factors-and-whether-or-not-you-believe-that-gopro-shows"},"modified":"2017-08-16T06:09:04","modified_gmt":"2017-08-16T06:09:04","slug":"discuss-the-critical-success-factors-and-whether-or-not-you-believe-that-gopro-shows","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/discuss-the-critical-success-factors-and-whether-or-not-you-believe-that-gopro-shows\/","title":{"rendered":"Discuss the critical success factors and whether or not you believe that GoPro shows"},"content":{"rendered":"
\n

Discuss the critical success factors and whether or not you believe that GoPro shows
1. In the context of this course, you will be asked to address the issues\/questions<\/p>\n

below for GoPro, Inc. (GPRO). When addressing the issues\/questions, be sure to<\/p>\n

do so in the context of this course and GoPro. Your primary sources of<\/p>\n

information will come from GoPro\u2019s website, in particular \u201cInvestor Relations\u201d<\/p>\n

and the \u201cGoPro 2014 Annual Report.\u201d Also, look at the web pages for GoPro on<\/p>\n

Yahoo! Finance and\/or Morningstar.com.<\/p>\n

(8 pts) a) Discuss the critical success factors and whether or not you believe that<\/p>\n

GoPro shows evidence of success for these factors.<\/p>\n

(4 pts) b) Discuss GoPro in the context of the Theory of Constraints.<\/p>\n

(10 pts) c) From the material reviewed, explain whether or not GoPro shows<\/p>\n

evidence in its operations\/results of the perspectives of the balanced<\/p>\n

scorecard.<\/p>\n

(5 pts) d) Discuss which of the activities of the value chain are most important to<\/p>\n

GoPro.<\/p>\n

(3 pts) e) Discuss the concept of customer delivered value in the context of GoPro.<\/p>\n

(4 pts) f) Discuss (providing examples) the costs of controlling quality and the costs<\/p>\n

of failing to control quality in the context of GoPro.<\/p>\n

(5 pts) 2. Go to YouTube.com and search for the video, What is TOC \u2013 Eli Goldratt \u2013<\/p>\n

www.toc.co.uk It is a video of 4 minutes and 38 seconds. Please watch the video<\/p>\n

and summarize the key points in terms of how the concepts presented can be used<\/p>\n

in the decision making process for a manager.<\/p>\n

(16 pts) 3. Given the following data:<\/p>\n

Administrative costs $40,000<\/p>\n

Building depreciation (80% for plant) 30,000<\/p>\n

Property, plant and equipment 150,000<\/p>\n

Indirect materials and supplies 4,000<\/p>\n

Sales commissions 15,000<\/p>\n

Accounts receivable 15,000<\/p>\n

Direct materials inventory, Jan 1 14,000<\/p>\n

Direct labor 35,000<\/p>\n

Direct materials inventory, Dec 31 17,000<\/p>\n

Finished goods inventory, Jan 1 7,000<\/p>\n

Finished goods inventory, Dec 31 8,000<\/p>\n

Materials purchases 27,000<\/p>\n

Accounts payable 12,000<\/p>\n

Work in process inventory, Dec 31 12,000<\/p>\n

Supervisory and indirect labor 12,000<\/p>\n

Property taxes (80% for plant) 10,000<\/p>\n

Utilities and power (90% for plant) 30,000<\/p>\n

Work in process inventory, Jan 1 8,000<\/p>\n

Sales revenue 250,000<\/p>\n

Required:<\/p>\n

a) Determine the cost of goods manufactured, the gross profit, and the operating<\/p>\n

income.<\/p>\n

b) From the above list identify, what might be a product cost and what might be a<\/p>\n

period cost.<\/p>\n

c) Explain the terms, cost object and cost driver.<\/p>\n

(6 pts) 4. Victoria Hair Salon styles hair in three operations \u2013 washing, cutting\/setting, and<\/p>\n

drying \u2013 and charges $15 per styling. (Each styling is one \u201cunit.\u201d) Victoria styles<\/p>\n

hair on a walk-in basis and does not take appointments; customers who face a<\/p>\n

wait walk across the street to another salon. Victoria\u2019s owners find it has a<\/p>\n

cutting\/setting bottleneck on Saturdays due to a limited number of stylists. The<\/p>\n

bottleneck exists for a total of eight hours each Saturday. Pertinent information<\/p>\n

follows:<\/p>\n

Washing Cutting\/Setting Drying<\/p>\n

Hourly Capacity 30 Units 12 Units 15 Units<\/p>\n

Saturday Capacity (8 hours) 240 Units 96 Units 120 Units<\/p>\n

Actual Saturday Production 96 Units 96 Units 96 Units<\/p>\n

Fixed Operating Costs per Saturday $10 $75 $100<\/p>\n

Each hair styling has variable costs of $5. Victoria\u2019s output is constrained by the 96 units of<\/p>\n

cutting\/setting capacity. Two options exist that can relieve the bottleneck at the cutting\/setting<\/p>\n

operation. Consider the differential costs associated with each of the following operations to<\/p>\n

determine the impact on throughput.<\/p>\n

Option a. Victoria can increase bottleneck output by hiring one non-stylist employee to prepare<\/p>\n

customers for the cutting\/setting by washing and combing their hair. This would increase the<\/p>\n

cutting\/setting capacity to 115 each Saturday. The cost for this additional employee is $64 per<\/p>\n

Saturday.<\/p>\n

Option b. Victoria could hire another stylist for each Saturday increasing the cutting\/setting<\/p>\n

capacity to 108 each Saturday and costing an additional $120 per stylist.<\/p>\n

Should Victoria\u2019s owner go ahead with either of the two options? Why or why not?<\/p>\n

(12 pts) 5. Jasper\u2019s Flooring makes three types of flooring products: tile, carpet,<\/p>\n

and parquet. Cost analysis reveals the following costs (expressed<\/p>\n

on a per-square-yard basis) are expected for 2016<\/p>\n

TILE CARPET PARQUET<\/p>\n

Direct materials $5.20 $3.25 $8.80<\/p>\n

Direct labor 1.80 .40 6.40<\/p>\n

Variable overhead 1.00 .15 1.75<\/p>\n

Variable selling expenses .50 .25 2.00<\/p>\n

Variable administrative expenses .20 .10 .30<\/p>\n

Fixed overhead $760,000<\/p>\n

Fixed selling expenses 240,000<\/p>\n

Fixed administrative expenses 200,000<\/p>\n

Per-yard expected selling prices are: tile, $16.40, carpet, $8.00; and parquet $25.00.<\/p>\n

In 2015 sales were as follows and the mix is expected to continue in 2016.<\/p>\n

TILE CARPET PARQUET<\/p>\n

Square yards 24,000 144,000 12,000<\/p>\n

Review of recent tax returns reveals an expected tax rate of 40 percent.<\/p>\n

Required:<\/p>\n

a) How many square yards of each product are expected to be sold at the breakeven point?<\/p>\n

b) Assume that the company desires an after-tax profit of $680,000. How many square<\/p>\n

yards of each type of product would need to be sold to generate this profit level? How<\/p>\n

much revenue would be required?<\/p>\n

(12 pts) 6. Lakeland Inc. manufactures 1 GB flash drives (jump drives). Price and cost data<\/p>\n

for a relevant range extending to 200,000 units per month are as follows:<\/p>\n

Sales price per unit<\/p>\n

(Current monthly sales volume is 130,000 units) $ 20.00<\/p>\n

Variables cost per unit:<\/p>\n

Direct materials 6.20<\/p>\n

Direct labor 7.00<\/p>\n

Variable manufacturing overhead 2.00<\/p>\n

Variable selling and administrative expenses 1.80<\/p>\n

Monthly fixed expenses:<\/p>\n

Fixed manufacturing overhead $103,000<\/p>\n

Fixed selling and administrative expenses 187,000<\/p>\n

Lakeland\u2019s tax rate is 40 percent.<\/p>\n

Requirements:<\/p>\n

a) What would the company\u2019s operating income be if it sold 160,000 units?<\/p>\n

b) What would the company\u2019s monthly operating income be if it had sales of<\/p>\n

$4,000,000?<\/p>\n

c) What is the breakeven point in units? In sales dollars?<\/p>\n

d) How many units would the company have to sell to earn a monthly net income<\/p>\n

of $260,100?<\/p>\n

(15 pts) 7. Platt Sports Products manufactures and distributes three types of golf clubs:<\/p>\n

beginners, intermediate, and advanced. The materials used in these clubs<\/p>\n

increases in each level and allows for more precise balancing and longer wear.<\/p>\n

Production is highly automated for the beginners\u2019 clubs, whereas the intermediate<\/p>\n

and advanced clubs require a varying degree of labor, depending on the intricacy<\/p>\n

of the balancing process. Platt applies all indirect costs according to a<\/p>\n

predetermined rate based on direct labor hours. A consultant recently suggested<\/p>\n

that Platt switch to an activity-based costing (ABC) system, and identified the<\/p>\n

following cost breakdown for the upcoming year:<\/p>\n

Estimated<\/p>\n

Activity Recommended Cost Drivers Costs Cost Driver<\/p>\n

Order processing Number of orders $52,500 125 orders<\/p>\n

Production setup Number of production runs 210,000 75 runs<\/p>\n

Materials handling Pounds of materials used 375,000 125,000 lbs<\/p>\n

Machine depr. and<\/p>\n

Maintenance Machine hours 322,000 20,000 hours<\/p>\n

Quality control Number of inspections 80,000 40 inspections<\/p>\n

Packing Number of units 14,000 280,000 units<\/p>\n

In addition, management estimates 50,000 direct labor hours will be used in the<\/p>\n

upcoming year at a rate of $14 per hour.<\/p>\n

Assume that the following activity took place in the first month of the upcoming<\/p>\n

year:<\/p>\n

Beginners Intermediate Advanced<\/p>\n

Number of units produced 20,000 8,000 3,000<\/p>\n

Direct material costs $20,800 $13,000 $8,000<\/p>\n

Direct labor hours 500 1,000 2,000<\/p>\n

Number of orders 6 4 3<\/p>\n

Number of production runs 2 2 3<\/p>\n

Pounds of material 8,000 3,200 1,500<\/p>\n

Machine hours 1,200 300 200<\/p>\n

Number of inspections 3 3 2<\/p>\n

Number of units shipped 18,000 7,500 2,500<\/p>\n

Required:<\/p>\n

a) Compute the production costs for one unit of each product in the first month<\/p>\n

of the upcoming year using direct labor hours as the allocation base.<\/p>\n

b) Compute the production costs for one unit of each product in the first month<\/p>\n

of the upcoming year using activity based costing.<\/p>\n

c) Comment on the results.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Discuss the critical success factors and whether or not you believe that GoPro shows 1. In the context of this course, you will be asked to address the issues\/questions below for GoPro, Inc. (GPRO). When addressing the issues\/questions, be sure Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-126285","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/126285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=126285"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/126285\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=126285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=126285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=126285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}