What does the concept of value engineering mean? How is it used in target costing?
Q: The example of Product Differentiation in Food and Beverages Industry. Why
A: Product differentiation in the food and beverage industry takes a significant role, here, such…
Q: Please give the following product’s basic details and purpose. Product 1:IPHONE 11 Product 2:…
A: Ans. The iPhone 11 is a cell phone planned, created, and promoted by Apple Inc. It is the thirteenth…
Q: Find examples of modular design of products in everyday life.
A: Modular products are made up of interchangeable components and these products can be customized,…
Q: Present a well labelled graphical illustration of this model (Boston Box) for DESPITE Group of…
A: Introduction:- Management systems are designed on delivering profitable products or services now, as…
Q: How can principles of continuous design be used to develop supply chain resiliency for Tesla as…
A: With the everchanging conditions, the abilities to evolve the business and operational models…
Q: What is production cost? Give examples of production cost in manufacturig enterprises.
A: Manufacturing cost is the sum of costs of all the resources consumed in the process of making a…
Q: 45 points Sen A Volvo, a Swedish automobile company, offers cars that are among the safest, most…
A: While definition of a product goes far beyond offering a simple product or service. These includes…
Q: For what types of firms is life-cycle costing most appropriate
A: Life cycle costing includes all costs the initial investment, the future additional investment, and…
Q: Provide an example of how cost tracking might be similar used in a manufaction company
A: It is obvious that every method of costing will give you different results because in every method…
Q: impact of concept Bill of Lading
A: Bill of lading (BL or BoL) is a legal document issued by a carrier to a shipper that details the…
Q: WHat will be the benefits of on-site supplier representatives for Tesla
A: On-site suppliers are those suppliers, which use website to communicate with thier clients. It helps…
Q: The product life cycle consists of 4 phases. Explain 5 points on all 4 phases adapting the phases…
A: When project managers refer to a product they’re working on as their ‘baby’, they’re not exactly…
Q: cturing and find on
A: Contract Manufacturing is a producer that goes into an agreement with a firm to deliver segments or…
Q: Can only variable costs be differential cost.? If yes how is that possible, if no how is that…
A: No, variable costs are not always differential cost.
Q: How is sensor technology used in package monitoring?
A: Many attributes of a container can be monitored, such as liquid or powder levels, temperature of…
Q: Define Manufacturability?
A: Manufacturability is the process that helps to convert the raw materials into finished goods using…
Q: When there is an unexpected cost increase on total cost called as cost underrun. True or false?
A: Total cost is the sum of all costs incurred by a firm in producing a particular level of output. It…
Q: the three key cost components that is necessary to produce finished goods?
A: There are various costs that are incurred in a company in order to produce the finished goods. Such…
Q: What is the least total cost
A: The lowest total price technique is a lively lot sizing strategy
Q: what is the purchasing activities for a tyre company?
A: The fundamental raw material gatherings in tire production are synthetic rubbers, fillers, synthetic…
Q: Suppose you make beautiful coffee tables out of juniper trees. Your materials cost for each table is…
A: The cost of goods sold percentage is 37.74% Step-by-step explanation: To calculate the cost of goods…
Q: WHat is supply chains versus value chains for a manufacturer producing automobiles
A: This question is related to the topic -supply chain management and this topic falls under Business…
Q: 4. Explain typical revenue and profit dynamics of technology products? Why do they begin the journey…
A: As in the starting of any business it very normal situation of ocuuring loss at the beginning…
Q: Can variable costs be differential cost.? If yes how is that possible, if no how is that possible.
A: In an organization, there are different kinds of activities going on. There are manufacturing…
Q: What two policies to reduce procurement ethical issues in the organization?
A: Moral sourcing is a practical and capable way to deal with production network the executives and…
Q: Many companies’ individual marketing efforts that customize products for individual customers, such…
A: Customizing the products is the need of today's market scenario. This feature of individual…
Q: Does a visual labeling system identify and locate inventory, tools, processes, and flow?
A: Yes visual labeling system identify and locate inventory, tools, processes, and flow.
Q: Explain The Sourcing/Purchasing Design Matrix?
A: Strategic sourcing may be defined as the development and management of supplier relationships to…
Q: In purchasing an item, there are two conceptual dimensions, generally speaking, either product or…
A: A product is a tangible in nature which can be acquired, consumed or owned which can be offered in…
Q: Define Dependent Demand?
A: Demand is described as a principle in economics that highlights the desire of customers or consumers…
Q: How do the distinctions between products and services affect the OM decisions?
A: While fabricating tasks center around creating merchandise and putting away them at a stockroom…
Q: Reducing Supplier Evaluation and SelectionCycle Time?
A: Supplier evaluation means the potential suppliers available for the business have to be analyzed…
Q: Once a product is defined, what documents a re used to assistproduction personnel in its…
A: To sell the product successfully and earn desired profit from the product it is necessary that the…
Q: Explain the production concept?
A: It is one of the Marketing Philosophy focused on volume of production
Q: Which among the following cost encourage management to focus on life cycle costing? a. Repair costs…
A: Life Cycle Costing (LCC) is a significant monetary examination utilized in the choice of options…
Q: Discuss the importance of the P2P to both the supplier including the impact on the relationship. Do…
A: Below is the solution:-
Q: In a product mix decision, which is the most important factor to consider to maximize profit?
A: Product mix is described as a product portfolio or a product assortment. It is important to mention…
Q: What is the Finished-goods inventory?
A: Finished goods inventory denotes to the no: of manufactured goods in stock that are obtainable for…
What does the concept of value engineering mean? How is it used in target costing?
Step by step
Solved in 3 steps
- A jeans maker is designing a new line of jeans. These jeans will sell for $410 per unit and cost $328 per unit in variable costs to make. Fixed costs total $120,000. The contribution margin ratio is:2/Identify the costing method where the indirect costs are allocated and apportioned on the basis of direct labour hour or production machine hour rate? a. Life cycle costing b. Target costing c. Traditional method d. Activity based costingCan only variable costs be differential cost.? If yes how is that possible, if no how is that possible.
- b) Product Riding Boots, work boots Casual Boot Number of units 1000 1000 1000 Sales (ZMW) 12 000 9 000 15 000 Fixed costs 5 000 5 000 7 000 Variable costs 5000 5 000 7 000 Profit 2000 (1000.00) 1000 Calculate the breakeven point for each product? Calculate contribution ratio for each product 3. Can Chiyeyeye close workbooks product line? ExplainDoes a visual labeling system identify and locate inventory, tools, processes, and flow?What is production cost? Give examples of production cost in manufacturig enterprises.
- How might purchasing policies and procedures differ as the dealerships purchase different types of service parts and materials (for example, lubricants versus genuine GM parts)?What are the possible creative product name for Solar Rain Umbrella (innovative) that has a unique features such as Solar Power Generation, Filtration system, smart technology integration system?Is there a hierarchy of importance for non-functional requirements? Explain why.《...》