"I could have sworn we'd make money at that price."
|
• Machine Hour Rate & Profit Planning Fundamentals
Establish True Cost, Price with Confidence, and Quantify the Pricing Quality of Every Order.
Machine hour rates and profit planning fundamentals workshop
Perfect for folding carton, corrugated, commercial printing, flexible, label, and contract packaging companies.
Students create the necessary budgets and construct a complete set of Machine Hour Rates for costing and pricing.
Participants will return home with detailed instructions and every tool necessary on how to implement Profit Planning in their own plants.
|
Limited to 25 Participants who
will learn how to:
• Create the Profit Plan
• Determine the True Cost of Labor
• Construct Variable and Fixed Overhead
• Budgets
• Establish Production Centers and estimate
• their hours, downtime and efficiency
• Develop Machine Hour Rates for Cost and
• Pricing
• Monitor Profitablity by Order
Who Should Attend:
• Financial Managers
• Sales Managers
• Estimators
• Cost Accountants
|
• TUITION
$1275 per person includes all course materials plus breakfast and lunch both days plus free unlimited
telephone support.
Discounts available for three or more attendees from the same organization.
FOR MASSACHUSETTS BASED COMPANIES: If your company has 50 or fewer employees, you are eligible for a refund of 50% of the tuition for this workshop, through the Express Grant program offered by the State of Massachusetts through its Workforce Training Fund program.
• EARN 14 HOURS CPE
 |
The Markens Group is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417.
Web site: www.nasba.org |
• The NASBA asks us to tell you the following...
This is a basic course of fundamentals.
No prerequisites are required.
Our workshop is presented as a "Group-Live" presentation.
We generally award 14 hours of CPE based on actual contact time.
Our substitution/cancellation policy and our dispute resolution information are listed further down this page. [ link ]
• Upcoming Dates & Locations
| February 15 - 16, 2010 |
Springfield, Mass. |
• Agenda
Monday
Morning Session 8:30-12:00
• Introduction to Profit Planning
• The Fallacy of Full Cost MHRs
• Fixed versus Variable Costs
• Contribution and the Contribution Factor
• Basic Profit Planning Formulas
• Problem Solving in the workbook
Afternoon Session 1:00-5:30
• Basic Profit Planning Formulas
• Problem Solving in the Workbook
• Hours Budget
• Defining the Production Center
• Inefficiency-Pay for Below Standard Production
• Downtime-Pay for Time not Worked
• Construction Machine Throughput Standards
• Determining the True Cost of Labor
Reception (6:00-7:00)
|
Tuesday
Morning Session 8:30-12:00
• Homework Review
• Direct Labor Budget
• Indirect Labor Budget
• Machine Variable Budget
• Overhead Budget
• Construction of the Profit Plan
• Breakeven Contribution Factor
Afternoon Session 1:00-5:30
• Machine Hour Rates
• Costing Rates
• Pricing Using the Level Markup
• Pricing Using the Differential Markup
• Profit Planning Management Tools
• The Contribution Log
• Price Inching
• Breakeven Analysis
• Backtesting and Implementation
|
• More Info About the Workshop
Students will build a Profit Plan for Miracle Packaging. Although Miracle is a small folding carton company, these techniques work in any company that sells machine time., e.g., corrugated, flexible, labels, contract packaging, commercial printing, rigid, tubes, etc.
Students will establish production centers, create the necessary budgets and construct a complete set of Machine Hour Rates for costing and pricing. Examples of all forms will be included in eight books of exhibits. There is extensive problem solving in each of the topics covered.
When they return home, participants will have every tool necessary and detailed instruction on how to implement Profit Planning
No required advanced preparation for the workshop. Recommend reading Insomniacs Handbook.
• Free Unlimited Technical Support
Tuition includes a review of the Profit Plan and Machine Hour Rates students prepare after they return home. We don't charge for telephone calls.
• References
If you'd like to talk to people who've attended before, we'd be glad to supply you with a list of names.
• Want to Know Who Else will be Attending
Just give us a call and we'll let you know who's coming to the session you're interested in.
• Worried About the Economy?
If the state of the union is making you think twice about discretionary expenses like this workshop, you'll be glad to know that every single company using these techniques is earning higher profits. The return on your investment will be measured in months, not years.
• Accomodations
We provide continental breakfast, lunch and coffee breaks. A block of rooms are set aside at the hotel for attendees who book reservations at least thirty days in advance. Afterwards, rooms will be assigned on an "if available" basis. Registrants will receive a special workshop room rate.
• Register for Workshop
Space is limited, so register today!
• New PDF Verision
Printable PDF Version
Workshop Information and Registration Form
• Substitutions/Cancellations Policy
Substitutions are accepted at any time.
To obtain a refund of your registration fee (minus a $150 processing fee), you must notify The Markens Group and receive a notification of confirmation at least thirty days before the workshop begins.
Between fifteen and twenty-nine days before the workshop, the processing fee is $500.
Within two weeks of the workshop, no refunds are offered.
• Dispute Resolution
Ben Markens, our managing principal and lead teacher, is available to consider any dispute or other issue. Our general philosophy is "whatever's fair", and he will work with you to achieve a mutually agreeable solution. From our firm's point of view, he has complete and sole discretion to resolve any issue.
|
