Bridgeton Case And Industries - Free Essay Example

Bridgeton Case Bridgeton Industries is faced with a difficult decision. Manifolds have been their most profitable product but based off of their recently developed classifications for products it has fallen to the lowest class. The lowest class is then designated to be outsourced. There are many implications for the decision to stop making manifolds. If they eliminate them they are losing almost half of their sales totals ($226,542-$93,120= $133,422). This would then in turn drastically reduce the factory profit from $63,501 to negative profit. Outsourcing the manifolds would just create a similar problem for the remaining products that the manifolds experienced. Since mufflers and oil pans were discontinued the direct labor on manifolds took up a much greater percentage. Therefore since overhead is based off direct labor, more overhead was allocated to manifolds. If the manifolds were eliminated the labor would be more directed to fuel tanks and doors. Then more overhead will be allocated to those products and essentially they will be soon deemed unprofitable and pushed down to class III. The problem with using a single overhead pool is that we aren’t able to see what overhead costs are directly related to each product. The second problem is that overhead is based off of direct labor. The more labor costs the products have the more overhead that is being allocated to them. The profits from manifolds for 1990 are: Sales Revenue$93,120 Direct Material$35,725 Direct Labor$6,540 Overhead$36,820 Gross Profit$14,820 This gross profit is a significant decrease from the previous year. Although sales for manifolds have increased from 1989 to 1990 so have many other things. Direct materials have increased because stainless steel has a high cost. Direct labor has increased because they were using people that were in the retaining job pool formed by the union to time the lines so they could observe operations and create â€Å"uptime reports. This increase in labor wasn’t necessarily specific to manifolds but since ACF uses one overhead pool the costs were still allocated to manifolds. It is of my opinion that the ACF should not discontinue manifolds. If the projections are correct the demand for stainless steel manifolds would increase dramatically and it would just be foolish for them to eliminate a product that could very well become extremely profitable for them in the near future. Not only are accounting for almost half the sales profits right now but they are what seems to me the one product with the most potential for growth. If I were a manager at ACF I would try to work out a better system to allocate overhead and work harder to specifically allocate overhead to the product they are affecting. Once this happens there will most likely be a significant difference in the gross profits they find for each product.

2015 Plan Performance Rankings Q1

Each quarter Savingforcollege.com analyzes the investment performance figures for thousands of 529 portfolios and ranks the 529 savings plans from best to worst for one-year investment performance, three-year investment performance, five-year investment performance and ten-year investment performance. The top-performing 529 plans In producing our rankings, we compared the reported investment performance of a subset of portfolios from each 529 savings plan. The lower the "percentile," the better the ranking. For more details, please view our methodology. Here are our 529 performance rankings as of March 31, 2015. We ranked plans that consumers can enroll in directly (see below), as well as those sold through brokers and fee-based financial planners). One-year performance ranking Rank State Plan Percentile 1 District of Columbia DC 529 College Savings Program (Direct-sold) 13.17 Enroll Now 2 Tennessee TNStars College Savings 529 Program 21.75 Plan Details 3 Michigan Michigan Education Savings Program 22.27 Plan Details 4 New York New York's 529 College Savings Program -- Direct Plan 22.49 5 California The ScholarShare College Savings Plan 25.25 Plan Details 6 Louisiana START Saving Program 26.44 Plan Details 7 Vermont Vermont Higher Education Investment Plan 27.61 Plan Details 8 Colorado Direct Portfolio College Savings Plan 29.10 Enroll Now 9 Mississippi Mississippi Affordable College Savings (MACS) Program 30.49 Plan Details 10 Maine NextGen College Investing Plan -- Client Direct Series 31.96 Enroll Now See the full list of one-year direct-sold rankings. Click "Next Page" below to see 3 year rankings. Each quarter Savingforcollege.com analyzes the investment performance figures for thousands of 529 portfolios and ranks the 529 savings plans from best to worst for one-year investment performance, three-year investment performance, five-year investment performance and ten-year investment performance. The top-performing 529 plans In producing our rankings, we compared the reported investment performance of a subset of portfolios from each 529 savings plan. The lower the "percentile," the better the ranking. For more details on our methodology. Here are our 529 performance rankings as of March 31, 2015. We ranked plans that consumers can enroll in directly (see below), as well as those sold through brokers and fee-based financial planners). Three-year performance ranking Rank State Plan Percentile 1 District of Columbia DC 529 College Savings Program (Direct-sold) 15.73 Enroll Now 2 California The ScholarShare College Savings Plan 24.04 Plan Details 3 New York New York's 529 College Savings Program -- Direct Plan 27.97 4 Maine NextGen College Investing Plan -- Client Direct Series 31.30 Enroll Now 5 Florida Florida 529 Savings Plan 34.29 Plan Details 6 Michigan Michigan Education Savings Program 34.42 Plan Details 7 Ohio Ohio CollegeAdvantage 529 Savings Plan 34.61 Enroll Now 8 Alaska University of Alaska College Savings Plan 34.86 9 Louisiana START Saving Program 36.68 Plan Details 10 South Carolina Future Scholar 529 College Savings Plan (Direct-sold) 37.41 Enroll Now See the full list of three-year direct-sold rankings. Click "Next Page" below to see 5 year rankings. Each quarter Savingforcollege.com analyzes the investment performance figures for thousands of 529 portfolios and ranks the 529 savings plans from best to worst for one-year investment performance, three-year investment performance, five-year investment performance and ten-year investment performance. The top-performing 529 plans In producing our rankings, we compared the reported investment performance of a subset of portfolios from each 529 savings plan. The lower the "percentile," the better the ranking. For more details on our methodology. Here are our 529 performance rankings as of March 31, 2015. We ranked plans that consumers can enroll in directly (see below), as well as those sold through brokers and fee-based financial planners). Five-year performance ranking Rank State Plan Percentile 1 District of Columbia DC 529 College Savings Program (Direct-sold) 25.98 Enroll Now 2 New York New York's 529 College Savings Program -- Direct Plan 27.62 3 Alaska University of Alaska College Savings Plan 29.30 4 Louisiana START Saving Program 31.34 Plan Details 5 Michigan Michigan Education Savings Program 32.50 Plan Details 6 Maine NextGen College Investing Plan -- Client Direct Series 32.54 Enroll Now 7 Utah Utah Educational Savings Plan (UESP) 33.25 Plan Details 8 Alaska T. Rowe Price College Savings Plan 33.78 9 Florida Florida 529 Savings Plan 36.36 Plan Details 10 Oklahoma Oklahoma College Savings Plan 37.39 Plan Details See the full list of five-year direct-sold rankings. Click "Next Page" below to see 10 year rankings. Each quarter Savingforcollege.com analyzes the investment performance figures for thousands of 529 portfolios and ranks the 529 savings plans from best to worst for one-year investment performance, three-year investment performance, five-year investment performance and ten-year investment performance. The top-performing 529 plans In producing our rankings, we compared the reported investment performance of a subset of portfolios from each 529 savings plan. The lower the "percentile," the better the ranking. For more details on our methodology. Here are our 529 performance rankings as of March 31, 2015. We ranked plans that consumers can enroll in directly (see below), as well as those sold through brokers and fee-based financial planners). Ten-year performance ranking Rank State Plan Percentile 1 Louisiana START Saving Program 20.84 Plan Details 2 Utah Utah Educational Savings Plan (UESP) 25.14 Plan Details 3 New York New York's 529 College Savings Program -- Direct Plan 35.01 4 Alaska University of Alaska College Savings Plan 35.62 5 Virginia Virginia529 inVEST 39.02 Enroll Now 6 Nevada USAA 529 College Savings Plan 40.08 Plan Details 7 Alaska T. Rowe Price College Savings Plan 40.12 8 Florida Florida 529 Savings Plan 41.57 Plan Details 9 Ohio Ohio CollegeAdvantage 529 Savings Plan 41.97 Enroll Now 10 District of Columbia DC 529 College Savings Program (Direct-sold) 42.88 Enroll Now See the full list of ten-year direct-sold rankings. For broker-sold plan rankings and fee-based financial planners. How to rank 529 plan performance Ranking over 3,000 investment options is no easy task, considering the wide variety of options found in 529 savings plans, and it requires a special methodology. Step one: We select specific portfolios from each 529 plan that can be compared on an apples-to-apples basis to portfolios in other 529 plans, based on their allocation among stocks, bonds and short-term instruments (money market and guaranteed investments). We've set up seven different asset-allocation categories ranging from 100 percent equity to 100 percent short-term. Step two: Within each of the seven categories, we compare historical performance of the selected portfolios and assign each plan a percentile ranking between one (best) and 100 (worst). Separate rankings are developed for one-year, three-year, five-year and ten-year performances. Step three: We take the average of each 529 plan's percentile rankings in the seven asset-allocation categories to produce a combined or "composite" percentile ranking. We then produce reports showing how the 529 plans rank against each other in their composite percentile rankings. Note: We currently produce these composite rankings for one-year, three-year, five-year and ten-year performances. For a more in-depth explanation of our methodology, please read our white paper. See the one-year direct-sold, three-year direct-sold, five-year direct-sold and ten-year direct-sold rankings. More information Links to our full report on the composite rankings for this quarter are provided below for the direct-sold 529 plans. Only our Premium subscribers have access to composite rankings for advisor-sold 529 plans, to the underlying data supporting the rankings and to separate one-year, three-year, five-year and ten-year rankings for each of the seven different asset-allocation categories. In addition, subscribers can easily look up the historical performance for every 529 portfolio in every available share class by using our Fee and Performance Lookup Tool. Each quarter Savingforcollege.com analyzes the investment performance figures for thousands of 529 portfolios and ranks the 529 savings plans from best to worst for one-year investment performance, three-year investment performance, five-year investment performance and ten-year investment performance. The top-performing 529 plans In producing our rankings, we compared the reported investment performance of a subset of portfolios from each 529 savings plan. The lower the "percentile," the better the ranking. For more details, please view our methodology. Here are our 529 performance rankings as of March 31, 2015. We ranked plans that consumers can enroll in directly (see below), as well as those sold through brokers and fee-based financial planners). One-year performance ranking Rank State Plan Percentile 1 District of Columbia DC 529 College Savings Program (Direct-sold) 13.17 Enroll Now 2 Tennessee TNStars College Savings 529 Program 21.75 Plan Details 3 Michigan Michigan Education Savings Program 22.27 Plan Details 4 New York New York's 529 College Savings Program -- Direct Plan 22.49 5 California The ScholarShare College Savings Plan 25.25 Plan Details 6 Louisiana START Saving Program 26.44 Plan Details 7 Vermont Vermont Higher Education Investment Plan 27.61 Plan Details 8 Colorado Direct Portfolio College Savings Plan 29.10 Enroll Now 9 Mississippi Mississippi Affordable College Savings (MACS) Program 30.49 Plan Details 10 Maine NextGen College Investing Plan -- Client Direct Series 31.96 Enroll Now See the full list of one-year direct-sold rankings. Click "Next Page" below to see 3 year rankings. Each quarter Savingforcollege.com analyzes the investment performance figures for thousands of 529 portfolios and ranks the 529 savings plans from best to worst for one-year investment performance, three-year investment performance, five-year investment performance and ten-year investment performance. The top-performing 529 plans In producing our rankings, we compared the reported investment performance of a subset of portfolios from each 529 savings plan. The lower the "percentile," the better the ranking. For more details on our methodology. Here are our 529 performance rankings as of March 31, 2015. We ranked plans that consumers can enroll in directly (see below), as well as those sold through brokers and fee-based financial planners). Three-year performance ranking Rank State Plan Percentile 1 District of Columbia DC 529 College Savings Program (Direct-sold) 15.73 Enroll Now 2 California The ScholarShare College Savings Plan 24.04 Plan Details 3 New York New York's 529 College Savings Program -- Direct Plan 27.97 4 Maine NextGen College Investing Plan -- Client Direct Series 31.30 Enroll Now 5 Florida Florida 529 Savings Plan 34.29 Plan Details 6 Michigan Michigan Education Savings Program 34.42 Plan Details 7 Ohio Ohio CollegeAdvantage 529 Savings Plan 34.61 Enroll Now 8 Alaska University of Alaska College Savings Plan 34.86 9 Louisiana START Saving Program 36.68 Plan Details 10 South Carolina Future Scholar 529 College Savings Plan (Direct-sold) 37.41 Enroll Now See the full list of three-year direct-sold rankings. Click "Next Page" below to see 5 year rankings. Each quarter Savingforcollege.com analyzes the investment performance figures for thousands of 529 portfolios and ranks the 529 savings plans from best to worst for one-year investment performance, three-year investment performance, five-year investment performance and ten-year investment performance. The top-performing 529 plans In producing our rankings, we compared the reported investment performance of a subset of portfolios from each 529 savings plan. The lower the "percentile," the better the ranking. For more details on our methodology. Here are our 529 performance rankings as of March 31, 2015. We ranked plans that consumers can enroll in directly (see below), as well as those sold through brokers and fee-based financial planners). Five-year performance ranking Rank State Plan Percentile 1 District of Columbia DC 529 College Savings Program (Direct-sold) 25.98 Enroll Now 2 New York New York's 529 College Savings Program -- Direct Plan 27.62 3 Alaska University of Alaska College Savings Plan 29.30 4 Louisiana START Saving Program 31.34 Plan Details 5 Michigan Michigan Education Savings Program 32.50 Plan Details 6 Maine NextGen College Investing Plan -- Client Direct Series 32.54 Enroll Now 7 Utah Utah Educational Savings Plan (UESP) 33.25 Plan Details 8 Alaska T. Rowe Price College Savings Plan 33.78 9 Florida Florida 529 Savings Plan 36.36 Plan Details 10 Oklahoma Oklahoma College Savings Plan 37.39 Plan Details See the full list of five-year direct-sold rankings. Click "Next Page" below to see 10 year rankings. Each quarter Savingforcollege.com analyzes the investment performance figures for thousands of 529 portfolios and ranks the 529 savings plans from best to worst for one-year investment performance, three-year investment performance, five-year investment performance and ten-year investment performance. The top-performing 529 plans In producing our rankings, we compared the reported investment performance of a subset of portfolios from each 529 savings plan. The lower the "percentile," the better the ranking. For more details on our methodology. Here are our 529 performance rankings as of March 31, 2015. We ranked plans that consumers can enroll in directly (see below), as well as those sold through brokers and fee-based financial planners). Ten-year performance ranking Rank State Plan Percentile 1 Louisiana START Saving Program 20.84 Plan Details 2 Utah Utah Educational Savings Plan (UESP) 25.14 Plan Details 3 New York New York's 529 College Savings Program -- Direct Plan 35.01 4 Alaska University of Alaska College Savings Plan 35.62 5 Virginia Virginia529 inVEST 39.02 Enroll Now 6 Nevada USAA 529 College Savings Plan 40.08 Plan Details 7 Alaska T. Rowe Price College Savings Plan 40.12 8 Florida Florida 529 Savings Plan 41.57 Plan Details 9 Ohio Ohio CollegeAdvantage 529 Savings Plan 41.97 Enroll Now 10 District of Columbia DC 529 College Savings Program (Direct-sold) 42.88 Enroll Now See the full list of ten-year direct-sold rankings. For broker-sold plan rankings and fee-based financial planners. How to rank 529 plan performance Ranking over 3,000 investment options is no easy task, considering the wide variety of options found in 529 savings plans, and it requires a special methodology. Step one: We select specific portfolios from each 529 plan that can be compared on an apples-to-apples basis to portfolios in other 529 plans, based on their allocation among stocks, bonds and short-term instruments (money market and guaranteed investments). We've set up seven different asset-allocation categories ranging from 100 percent equity to 100 percent short-term. Step two: Within each of the seven categories, we compare historical performance of the selected portfolios and assign each plan a percentile ranking between one (best) and 100 (worst). Separate rankings are developed for one-year, three-year, five-year and ten-year performances. Step three: We take the average of each 529 plan's percentile rankings in the seven asset-allocation categories to produce a combined or "composite" percentile ranking. We then produce reports showing how the 529 plans rank against each other in their composite percentile rankings. Note: We currently produce these composite rankings for one-year, three-year, five-year and ten-year performances. For a more in-depth explanation of our methodology, please read our white paper. See the one-year direct-sold, three-year direct-sold, five-year direct-sold and ten-year direct-sold rankings. More information Links to our full report on the composite rankings for this quarter are provided below for the direct-sold 529 plans. Only our Premium subscribers have access to composite rankings for advisor-sold 529 plans, to the underlying data supporting the rankings and to separate one-year, three-year, five-year and ten-year rankings for each of the seven different asset-allocation categories. In addition, subscribers can easily look up the historical performance for every 529 portfolio in every available share class by using our Fee and Performance Lookup Tool.