16. Recently a
representative of Union Foundry,
a firm located in the southeast part of the state,called on Terry. The representative knew that Muenster Pump made its own cast pump housings.He claimed that
new developments in casting pouring
allowed his firm to offer extremely
17. Terry requested a
L-1012 casting housing,
Muenster’s popular size.
18. The L-1012 represents
for casting housings.19. The
which incorporates the
is sold to distributors for
20. In a week a letter arrived from Union Foundry quoting a
$90 FOB Muenster.
after receipt of the
after receipt of all
additional orders. Minimum orders
were established as
22. Terry contacted
for the L-1012 housing. The quoteswere
FOB Muenster.23. Terry met with her
discussed her findings with him and asked how much it
cost Muenster to produce the casting housings in its own foundry.
about Terry’s efforts in this area of the business.
25. Ned informs Terry that there is
more to this situation
than is apparent. The company produces a
not equaled in the industry.
He feels this is one of the primary
He also feels that the firm can
“much quicker thanthose city boys.”
Terry asks Ned if they’ assume
all his doubts could be overcome,
how much does it cost thefirm to make the housing? Ned replies that there is
involved. There are
and if they stop making their own housings, they would have to
close down the foundry.
he feels, in the company where these
men could work.
27. At this point, Terry decides to
end the discussion
with her Uncle Ned and to return to her office.28. Later that day
stopped by to see Terry. She
learned from him
L-1012 housing cost
$180. Total overhead
was calculated to be approximately
materials and labor
for the housings would be about
such as depreciation, taxes and executivesalaries.29.
Comparison of Relevant Costs:
Make BuyD.L & Materials $60Variable OH 36Fixed OH that can be avoided by not making __0 __TOTAL RELEVANT COSTS $96 $90
Online Application Tool:Here
1. Course Overview
This course introduces students to case study analysis with a multi-disciplinary approach. Through intensive analysis and presentations, students will learn to apply their theoretical knowledge to real business situations. The teaching approach applied in this course is based on the Harvard Case Method.
This course also serves as a preparation for participating in an international case competition. Particularly successful students will be invited to represent the University of Münster and the Chair of International Accounting at an international case competition in August 2017 or in February/March 2018.
2. General information
- Course in Bachelor's Program (PO 2010, Module Schlüsselqualifikation, 2nd year of studies).
- Course assessment: Regular attendance and active participation, one written group assignment and two group presentations (3 ECTS). To obtain the credit points, all assessments need to be passed.
3. Learning objective, Contents, and Methodology
Learning objective: After completing this course, students will be familiar with the Case Method and will be able to apply their theoretical knowledge to real business decision problems. Based on the Harvard Case Method, students will interactively learn to read, analyze and discuss case studies in an application-oriented way.
- Professional skills: Students will get to know various concepts and tools to analyze critical business situations and issues.
- Social skills: Students will work on various social skills (acting under time pressure, working in teams, defining the personal role, taking on responsibility, handling vague/imperfect results, presenting in English) by evaluating and presenting complex and multilayered problems without sample solution.
Contents and Methodology: The first part of this course mainly contains lectures, discussions, and one written group assignment in order to provide a basic understanding about case study analysis. In the second part, teams of four students will each analyze one case study among themselves and present their results in class. The course will finish with a final case competition and an award ceremony to honor the best-performing teams.
As an additional contribution, particularly successful students will be invited to represent the University of Münster and the Chair of International Accounting at an international case competition in August 2017 or in February/March 2018.
4. Application and Registration
- The number of participants is limited to 20 students for didactic reasons.
- Ten students will be chosen based on their current grade average.
- Ten students will be chosen by random selection.
- Waiting List: Another five students, chosen by random selection.
- As this course is very interactive and based on the skills of the participants, the teachers would like to get to know the students better prior to the first session. For this reason, the application asks for information on the students’ background.
- The online application tool for this course is available here. The application deadline will be March 20, 2017. We will contact you with a final confirmation or rejection on March 23, 2017.
- Accepted participants still need to register at the examination office (PAM).
- A folder with suggested readings is available at the Chair of International Accounting (Room J 392).
- Further, the Case Study Handbook by William Ellet is recommended for preparation:
Ellet, W. (2007): The Case Study Handbook – How to Read, Discuss and Write Persuasively About Cases, Boston 2007. ISBN: 978-1422101582.