Week 8_ Spaghetti Diagram & Your DC Tools Discussion
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Apr 3, 2024
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1.
What is your reaction to the difference between the Chef and his team's old and NEW Kitchen Layout in the video?
I believe that the new arrangement was more effective since he was able
to cut out lengthy trips, which allowed him to save time, which is equivalent to money.
2.
Did you have a different idea about the NEW layout?
To be honest, the new layout is good because, when we consider the size of the kitchen, we really don't have a lot of options, and the way it is laid out should be more beneficial than before.
3.Which of the 7 Great Wastes + 1 did you see?
● Transportation.
● Storage
● Motion 1.Where are you at in the PDCA/6-Step team PSP?
Last week, we were in the check step, reviewed the test, and analyzed the results. So currently, we are in the act step and will take action and standardize our solutions. 2.Have you administered the tool? When will you get data back?
I've evaluated all the data I required, which you can see below. Once the problem was identified, we collaborated with the accounting team to resolve the inventory, and we were able to accomplish our objective.
3.If you have it back- did it reveal anything that surprised you?
Indeed, I discovered that the majority of the inconsistencies were a
result of returns, as there were missing documents and data that had never been input into the ERP system. I had an opportunity to check and adjust the quantities after taking out all of the POD and delivery evidence. How they could misplace the documentation and forget to enter it into the system shocked me.
4.What will your team do next? We will collectively keep an eye on the solution we put in place and
ensure that every procedure is carried out according to standard. If we discovered any new problems during that time, we would move fast to find a solution so that we wouldn't have to go through this again.
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Related Questions
Monica and Rachel are having a discussion about IRR and NPV as a decisionmodel for Monica’s new restaurant. Monica wants to use IRR because it gives a very simple and intuitive answer. Rachel states that there can be errors made with IRR that are not made with NPV. Elaborate a type of error can be made with IRR but not with NPV.
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Please see attached:
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Allow Barb’s Burgers to be delivered via the pre-existing food delivery systems.For example, allow people from Doordash/Uber Eats to pick-up orders and deliverthem. This would require the firm to make some minor changes and result in fewerparking spaces for customers dining at the restaurant.
• Question: Argue how each of these is likely to change the cost of the firm once implemented (i.e. are any of these a fixed cost or a variable cost). How this adjust the amount of labour and/or capital currently necessary for the firm? Would the technology be a general technology, labour-saving, or capital-saving? Also mention the parking space.
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Your firm is considering what to do with the current food distribution platform. The management might upgrade the platform (i.e., upgrading the new food distribution technology) or they can have a vendor construct a new one closer to the headquarters of the firm. What kind of projects are these?
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I need the answer as soon as possible
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Please help to solve
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Help me solve number 3.
Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.
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Richins Company is considering the acquisition of a computerized manufacturing system. The new system has a built in quality function that increases the control over product specifications. An alarm sounds whenever the product falls outside the programmed specifications. An operator can then make some adjustments on the spot to restore the desired product quality. The system is expected to decrease the number of units scrapped because of poor quality. The system is also expected to decrease the amount of labor inputs needed. The production manager is pushing for the aquisition because he believes that productivity will be greatly enhanced - particularly when it comes to labor and material inputs. Output and input data follow. The data for the computerized system are projections.
Current System Computerized System Output (units)…
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Need experts solution only, Don't use AI.
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Please do not give solution in image format ?.
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Should Classo
implement the new quality program?
attached in ss below
thanks
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I am doing an activity table on ovens. I know the formula is:
activity pool cost / activity base = activity rate
63237 / 370 =171
when I do this and get my numbers the system to input out findings says my numbers are wrong. we use the cengage.
I don't know what I am doing wrong?
I have pasted the numbers below. Please help.
Beth McDonald
Caldwell Home Appliances Inc. is estimating the activity cost associated with producing ovens and refrigerators. The indirect labor can be traced into four separate activity pools, based on time records provided by the employees. The budgeted activity cost and activity-base information are provided as follows:
1
Activity
Activity Pool Cost
Activity Base
2
Procurement
$63,237.00
Number of purchase orders
3
Scheduling
3,933.00
Number of production orders
4
Materials handling
13,032.00
Number of moves
5
Product development
7,035.00
Number of engineering changes
6
Total cost…
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Lisa is a contractor, and she owns a small home renovation company that specializes in kitchen renovations. Lisa fears she has been
underbidding her projects, and that translates into lost profits that could help sustain her through slow periods. She is putting together
an estimate for a potential client and has determined the following activities:
Activity
Demo of Existing Space
Cabinet Installation
Countertop Installation
Final bid price
Cost Driver
$
Square Footage
# of Hours
Square Footage
Rate
$3.26 /square foot
$205 /hour
$12.00 /square foot
Estimated Use for Job
520 square feet
8 hours
Previously, Lisa was billing at a flat rate of $16 per square foot of the demo space with no additional markup. Lisa would like to add a
20% markup to the cost to arrive at the final bid price. Using Activity-Based Costing (ABC), what is the final bid price for her potential
customer? (Round intermediate calculations and final answ to 2 decimal places, e.g. 25,000.25.)
280 square feet
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Write legibly or typewrite the solutions.
A piece of production equipment is to be replaced immediately because it no longer meets quality requirements for the end product. The two best alternatives are a used piece of equipment (E1) and a new automated model (E2). The economic estimates for each are shown in the accompanying table.
The MARR is 15% per year.
Which alternative is preferred based on the:
(a) coterminated assumption with a ten-year study period and an imputed market value for Alternative b? Use FW method.
FW (E1) = $_____?
FW (E2) = $_____?
The best alternative is E_____?
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Don't use excel or any tables, compute by a conventional method. Completely solve to fill in Blank 1, Blank 2, and Blank 3. Box the final answers.
Write legibly or typewrite the solutions.
A piece of production equipment is to be replaced immediately because it no longer meets quality requirements for the end product. The two best alternatives are a used piece of equipment (E1) and a new automated model (E2). The economic estimates for each are shown in the accompanying table.
The MARR is 15% per year.
Which alternative is preferred based on the:
(b) coterminated assumption with a ten-year study period and the estimated market value for Alternative B at the end of year ten is $25,000? Use Present Worth (PW) method.
PW (E1) = $_____?
PW (E2) = $_____?
The best alternative is E_____?
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Please answer in your own words
After the pandemic ended, most of us are back to in-person work. However, the remote work and study format has a long-term impact on our society and economy. Also, with the introduction of AI-Generated Content like ChatGPT, our life and labor markets will change.
Please discuss how the above one or two new norms will influence your investment decisions, such as which companies and/or industries will benefit from the change, and how you should change your investment strategy (i.e., investing in more stocks or bonds or real estate, investing in which companies, sectors, and industries).
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Certain production equipment used by Dayton Mechanical has become obsolete relative to current technology. The company is considering whether it should keep or replace its existing equipment. To aid in this decision, the company’s controller gathered the following data: (See attached)
c. What is the total dollar amount of all relevant costs to the equipment replacement decision. $______
d. What is the total dollar amount of the opportunity costs associated with the alternative of keeping the old equipment? $______
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I initially did this using a differential analysis, but it seems like the project wants me to do it a different way (see the attached worksheet). What am I supposed to enter in the blue boxes? I can understand why the special order should be accepted or not. The minimum price per unit I got to was $5.87. I don't know how to do part a) or b) according the the worksheet attached otherwise. Can you show the formulas too to see how to do it?
The following total cost data are for Ralston Manufacturing Company, which has a normal capacity per period of 400,000 units of product that sell for $18 each. For the foreseeable future, regular sales volume should continue at normal capacity of production.
Direct Materials
$1,720,000
Direct Labor
1,120,000
Variable overhead
560,000
Fixed overhead (Note 1)
880,000
Selling expenses (Note 2)
720,000
Administrative expense (fixed)
200,000
5,200,000
Notes:
1. Beyond normal capacity, fixed overhead cost increases $30,000…
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Productivity and Quality: Prospective Analysis
Analytic Company is considering the acquisition of a computerized manufacturing system. The new system has a built-in quality function that increases the control over product specifications. An alarm sounds whenever the product falls outside the programmed specifications. An operator can then make some adjustments on the spot to restore the desired product quality. The system is expected to decrease the number of units scrapped because of poor quality. The system is also expected to decrease the amount of labor inputs needed. The production manager is pushing for the acquisition because he believes that productivity will be greatly enhanced—particularly when it comes to labor and material inputs. Output and input data follow. The data for the computerized system are projections.
Current System
Computerized System
Output (units)
30,000
30,000
Output selling price
$40
$40
Input quantities:
Materials
120,000…
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Please discuss how the above one or two new norms will influence your investment decisions, such as which companies and/or industries will benefit from the change, and how you should change your investment strategy (i.e., investing in more stocks or bonds or real estate, investing in which companies, sectors, and industries).
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Unit-based system:Variable conversion activity rate: $100 per direct labor hourMaterial usage rate: $20 per partABC system:Labor usage: $15 per direct labor hourMaterial usage (direct materials): $20 per partMachining: $75 per machine hourPurchasing activity: $150 per purchase orderSetup activity: $3,000 per setup hourWarranty…
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HighFlyer Airlines wants to build new airplanes with greatly increased cabin space. This will allow passengers more comfort and sell more tickets at a higher price. However, redesigning the cabin means rethinking many other elements of the airplane as well, like the placement of engines and luggage, and the most efficient shape of the plane for moving through the air. The company has developed a list of possible methods to increase cabin space, along with estimates of how these approaches would affect costs of operating the plane and sales of airline tickets. Based on these estimates, the following table shows the value of Research and Development (R&D) projects that provide at least a certain private rate of return. Column 1 = Private Rate of Return. Column 2 = Value of R&D Projects that Return at Least the Private Rate of Return to HighFlyer Airlines. Use the data to answer the following questions.
Private Rate of Return
Value of R&D
12%
$100
10%
$200
8%…
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