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Yes Kim, noted. May I ask how about for calculating and comparing the accounting costs of 2 options? I got Q1 and Q2 wrong except Q3, yet I still passed which I am not very content with! What is it that I have done wrong? For Q1, first of all, the question was telling me there was 10% INCREASE IN CURRENT SALARIES and an ADDITIONAL 25% for PAYROLL COSTS (which means increase in accounting admin cost: material & variable overhead by 25%??). As for Q2, I had ignored the outsourcing cost & the total cost of making staff redundant but focused on the non-staff cost savings and the 20% increase in salary. Yet, I still got them wrong. May I get you advise on this?
Hi Kim,
I would like to ask about the Telford Engineering “Creating the Report” part, for Q2 and Q3, I had got the wrong values and I am not sure what steps have I not included? For now, I have so far accounted for the increase in staff departmental costs (except Accounting Dept.) and the increase in salaries for replacement staff in Accounting Dept. I am wondering have I not accounted for the decrease in exports & increase in import costs – due to exchange rate – yet which would affect the sales volume?
Thank you Kim for the guidance. I managed to find the value desired and it just requires another step – rather, a simple maths to solve the question, “how much MORE profit can be earned” – to complete the job. Moving on to Unit 8
Sorry let me rephrase, I would like to ask about Q3, not Q2. Okay as I read through the earlier comments, I find that the additional profit is equal to revenue since there is no VC. So, by using the same sales equation created from regression, then the variable that needs to be changed is the $ spent on ticket barrier system. However, what about the rest of the variables? Are they still the same value as in Q2?
Hi,
I would like to ask about Unit 7 Q2. I believe it is an optimization problem (prescriptive analysis) but I am stuck on what to do. I kept thinking if I should optimize sales, then use profit equation, insert the value of 250k as cost and be deducted away from optimized sales will then I be able to get the maximum profit. Please do advise.
