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MCS,MBA(IT), Pursuing PHD
Devry University
Sep-2004 - Aug-2010
Assistant Financial Analyst
NatSteel Holdings Pte Ltd
Aug-2007 - Jul-2017
Seemore Company manufactures binoculars. The actual costs for 2013 and 2014 were as follows:
| Â | 2013 | Â | 2014 | Â |
| Direct materials: | Â | Â | Â | Â |
| Â | Plastic case | $ 8.00 | Â | $ 7.60 | Â |
| Â | Lens set | 34.00 | Â | 34.40 | Â |
| Direct labor | 64.00 | (1.6 hours) | 60.00 | (1.5 hours) |
| Indirect manufacturing costs: | Â | Â | Â | Â |
| Â | Variable | 16.00 | Â | 14.20 | Â |
| Â | Fixed | 4.00 | (100,000 units) | 3.80 | (120,000 units) |
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Beginning in 2014, Seemore implemented a continuous improvement program that required a first-year cost reduction target of a 7 percent reduction of the 2013 base.
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Seemore's continuous improvement target for direct labor in 2014 was:
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