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Pareto Charts is a graph that shows the frequency of defects, with their cumulative result. Pareto Charts are helpful to determine the defects to prioritize in sequence to observe the largest overall improvement. A Pareto Chart is a unification of a bar and a line graph.
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- You have been hired as a Cost Accountant by Sundial, Inc., which produces sunglasses. Your duties include developing cost standards for materials and labor, designing and implementing cost accounting systems, defining various product and operational costs, analyzing production costs and recommending changes. When the trial period is over, you will have a performance review to demonstrate the completed tasks and gained knowledge. You have read the Cost of Quality Report of Sundial, Inc. and discovered that quality costs constitute 4.2% of sales. The amount is enormous, and your boss asks you to develop a set of measures to reduce it. Sundial, Inc. Cost of Quality Report For the Year Cost of Quality Percent of Sales ($32,000,000) Prevention costs $160,000 0.5% Appraisal costs $192,000 0.6% Internal failure costs $576,000 2.8% External failure costs $416,000 1.3% Total cost of quality $1,344,000 4.2% 1. How would you define…You have been hired as a Cost Accountant by Sundial, Inc., which produces sunglasses. Your duties include developing cost standards for materials and labor, designing and implementing cost accounting systems, defining various product and operational costs, analyzing production costs and recommending changes. When the trial period is over, you will have a performance review to demonstrate the completed tasks and gained knowledge. You have read the Cost of Quality Report of Sundial, Inc. and discovered that quality costs constitute 4.2% of sales. The amount is enormous, and your boss asks you to develop a set of measures to reduce it. Sundial, Inc. Cost of Quality Report For the Year Cost of Quality Percent of Sales ($32,000,000) Prevention costs $160,000 0.5% Appraisal costs $192,000…A restaurant is planning to introduce a through drive window for their meals. The service consists of two windows: first window to place orders, and the second window to receive orders. The design team of the company is assigned to perform the following tasks. Show how the data is obtained (survey, literature, actual from records). Justify any assumptions used in your analyses. Question) Manage the inventory of the drive-through window including the following: a. Decide on the types of inventories. b. Use periodic inventory control system model. c. Justify any assumptions used in your analysis.
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- What is the average value of a loyal customer (VLC) in a target market segment if the average purchase price is $75 per visit, the frequency of repurchase is every month, the contribution margin is 23%, and the average customer defection rate is 22%? If a continuous improvement goal is set of a 18% defection rate next year and 16% two years from now, what are the revised VLCs over their average buying life? Do not round intermediate calculations. Round your answers to the nearest dollar. For defection rate = 22%, VLC = $ For defection rate = 18%, VLC = $ For defection rate = 16%, VLC = $1) Biometrics report for attendance, Digital Time card, RFID Sensors, Smart Meter and alike are use to get data instantaneously . What type of data is being produced by this devices _____________ 2) The owner of a retail store needs information on how stores are performing and which products are selling well so that immediate action can be taken. Thus, information that is in the present time or what is happening should be available. What quality of information is referred to in this statement? _________Core competencies describes the activities that take place in a business and relates them to an analysis of the competitive strength of the business. * True False Part of the role of effective governance and oversight is to review performance * True False Strategy are a series of initiatives, often illustrated in reporting by case studies. * True False SWOT analysis is an important tool for auditing the overall strategic position of a business and its environment. * True False Developing a sustainability strategy is an ideal opportunity to engage internal stakeholders and colleagues across the business * True False A vision, mission and values provide the building blocks on which to reflect corporate…