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Cost of An Egg

Cost of An Egg. Class Announcements. Assignment #7 due November 7 th Assignment #8 due November 14 th Not responsible for journal entries or appendix for chapter 17 Park Bench Players November 13 th 12:45-2:00pm SCHW 110 No class on Monday November 11 th – Remembrance Day.

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Cost of An Egg

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  1. Cost of An Egg

  2. Class Announcements • Assignment #7 due November 7th • Assignment #8 due November 14th • Not responsible for journal entries or appendix for chapter 17 • Park Bench Players November 13th 12:45-2:00pm SCHW 110 • No class on Monday November 11th – Remembrance Day

  3. Cost of an Egg Assignment • Due: November 28, 2013 • Worth: 10% • Length: Three (3) pages, double spaced • Coverage: • Consider and identify the full scope of costs that are required in the production of an egg. Include an appendix classifying costs (at least 10) as variable, fixed or mixed and direct and indirect and rationale for classification. • Consider the issues and implications of the cost allocation of infrastructure costs (i.e., indirect costs) on the cost of an egg. • Consider the impact of regulation on the supply, cost, price and profitability of egg production. Include size of production, impact of out of province production, quota, etc. • Consider the importance of inventory management, cost management and efficiency on overall cost and profitability. Inventory,

  4. Cost of an Egg: Industry • http://www.eggs.ca/onthefarm/ • Canada has approximately 1,100 registered egg farms. • The average egg farm has 10,000 to 20,000 hens, although Canadian egg farms can range from a few hundred to more than 400,000 hens. • In Canada, a total of 25 million hens (including unregistered hens) produce about 500 million dozen eggs per year – that's 6 billion eggs! • The egg industry contributes about $500 million to the Canadian economy.

  5. The Cost of an Egg: Context • Guest: Patti Wyllie, General Manager, Nova Scotia Egg Producers • The Nova Scotia Egg Producers (NSEP) is incorporated under the Natural Products Act for Nova Scotia. • The act provides the NSEP the authority to carry out its mandate of effective promotion, control and regulation of eggs and pullets in Nova Scotia. • The NSEP is governed by an eight person Board of Directors consisting of seven members who represent egg producers in geographic zones throughout the province and one who represents the pullet sector. • NSEP uses a supply management system to provide a stable supply of eggs to consumers at fair prices and a fair return to producers.

  6. The Cost of an Egg: Guest • Guest: Patti Wylie, General Manager, Nova Scotia Egg Producers will be in class at 11:15am ONLY on Monday November 4th in SCHW 205 (there will be only one class that day and all students are to attend at 11:15am if able) • See http://www.nsegg.ca/

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