(1). Explain the meaning of supply chain management and value chain analysis and Discuss how value chain and supply chain analysis help companies (with reference to KVK Industries) in controlling costs. (20 marks)
(2). Using the Inventory, Cost and Sales details of KVK Industries for the year 2018 given above in (b),
(i) Construct the schedule of cost of goods manufactured (10 marks)
(ii) Prepare an Income Statement for KVK Industries for the year 2018. (10 marks)
(3). Using the information given above (given in c) for Product M, ascertain the following:
(i) Total Cost for the respective output levels of Product M in different years (5 marks)
(ii) Total Cost per unit for those levels of output (5 marks)
(4) Calculate operating income for the two options for product “N” (given in d) (giving additional promotion or keeping the existing situation) and advice the company accordingly. (10 marks)