Assignment -
Aim - To develop an understanding of overall concepts of various management functions.
Learning Outcomes -
- Understand the selection of appropriate layouts for particular applications.
- Analyze management accounts and evaluate break-even point.
- Describe the underlying principles of production planning and control.
- Understand the main decision areas of marketing, how marketing policy is developed and be able to analyze goods and markets.
Task -
Task 1) M /S Rusayl Corporation is currently manufacturing an item at variable cost of OR 5.00 per unit. Annual fixed cost of manufacturing this item is OR 140,000. The current selling price of the item is OR 10.00 per unit, and the annual sales volume is 30,000 units.
What other considerations would be crucial to the final decision about installing new equipment or about price variation of the item in the company?