The Following Data Is Obtained from the General Records in the Shipping

question 8

Essay

The following data is obtained from the general records in the shipping department at Fast Parcel Delivery Company for August:
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Inspecting packages prior to placement on truck takes 1 minute per package.
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Processing paperwork for each shipment (each truck loaded) takes 30 minutes.
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Loading packages takes 1 minute of labour per package plus an additional 3 labour hours per truck
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Miscellaneous tasks take 2 hours per truck.
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Temporary employees to perform all of the above tasks can be hired for any amount of hours at a rate of £10 per hour during the summer (no benefits).
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One supervisor is needed for every 1,000 hours of temporary employee labour (rounded up).
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Supervisors are paid a flat rate of £3,600 per month.
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Supervisors divide their time evenly among inspecting, processing, and loading activities, and miscellaneous tasks.
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One thousand dollars per month general department overhead is allocated to miscellaneous tasks and £2,000 per month to loading, inspecting and processing activities.
August will have 24 working days. Fast Parcel expects to load 12 trucks per day during August. There are on average 100 packages per truck.
Required:
Prepare a budget using the activity based approach for the costs of inspecting, processing, loading miscellaneous activities within the shipping department for August.

Analyze the sequence of entrepreneurial activities and the placement of business plans within it.

Realize the impact of market analysis on business planning and strategy.

Appreciate the importance of realistic projections and identifying potential business plan errors, such as the exaggerated hockey stick forecast.

Learn the benefits and effectiveness of taking strategic breaks for planning and visioning.

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Definitions:

Wright's Stain

A histological stain that facilitates the differentiation of blood cell types by staining the cytoplasm of cells blue and the nuclei red to violet.

WBC Differential

A white blood cell count in which each type of white blood cell is classified and counted.

Oil Immersion Lens

A microscope lens that uses a drop of oil between the specimen and the lens to increase the resolution of the image by reducing light refraction.

Phagocytosis

A cellular process in which cells ingest and digest foreign particles, bacteria, or other substances.