Why there is an unmistakable trend in manufacturing to improve quality?

Q: What risks exist in a production conversion cycle?

A: The following are some of the risks that exists in the conversion cycle:   Authorization of…

Q: Why are support department costs difficult to apply to products?

A: Given: The difficulty in applying the support department costs on products.

Q: Why are cost centers considered to be more appropriate than profit centers for production…

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Q: Explain the Role of environmental costing in improving organisational performance

A: Environmental Costing is an important tool for understanding the role played by the Natural…

Q: Why is activity-based costing growing in popularity?

A: Unlike traditional method, the ABC costing method does not use the plant wide overhead rate, rather…

Q: Define value engineering. How is it used to control costs?

A: Value engineering also called value analysis refers to the process of increasing quality of the…

Q: Which of the following is not a feature of a process production system?  Repetitive production…

A: Production process system is that which is used for a large level of production and where continuous…

Q: Which of the following is the best example of a product-level activity? Select one: O a. Painting a…

A: Product-level-activity: These activities are done related to specific products irrespective of how…

Q: Explain why knowledge of cost behavior is useful in product performance evaluation.

A: Definition: Product performance: Product performance indicates how well the product is flourishing…

Q: How does the adoption of a JIT approach to manufacturing affect process costing?

A: Introduction: JIT (JUST IN TIME); In a just-in-time (JIT) inventory control system, products are…

Q: Write an essay outlining the key principles of lean manufacturing.

A: Lean Manufacturing:   Lean manufacturing can be defined as a systematic way to minimize waste in a…

Q: What questions should managers answer when considering outsourcing?

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Q: Which of the following decreases the non-value added time of producing a product and in turn…

A: Subassemblies service:It is a service offered by the manufacturer who do not have adequate time and…

Q: Explain how the work cell manufacturing layout increases productivity.

A: In JIT (Just-In-Time) manufacturing system, production is completed in self-contained work cells.…

Q: characteristics critically affect the design of a cost management system? Select one: a. Culture…

A: Cost management system consisting of the formal methods that include controlling and planning of…

Q: What questions should managers answer when considering selling a product as is or processing…

A: Sell or process further decision rule: Sell or process further decision rule states that "if the…

Q: Process value analysis is the examination, quantification, and explanation of the effects of cost…

A: Process Value Analysis: Process value analysis involves a critical analysis of all the processes…

Q: Which of the following factors is NOT considered to have influenced the development of…

A: Activity-based costing is a method to allocate the overhead and indirect cost to products and…

Q: 1. Why do entrepreneurs need to consider the credibility of suppliers in choosing suppliers of raw…

A: Credibility of Suppliers is one of the key considerations for choosing suppliers.  Credible…

Q: Why should managers worry about product overcosting or undercosting?

A: A product is said to be over costing when it consumes low level of resources but is reported to have…

Q: How does lean manufacturing differ from the conventional manufacturing process?

A: Lean ManufacturingThe main objective of lean manufacturing is to yield products with high quality,…

Q: Why do managers need to know the cost of their products?

A: Job order costing: Job order costing is one of the methods of cost accounting under which cost is…

Q: What kinds of challenges occurs in the Cost Control and Cost Reduction in the Manufacturing…

A: Cost Control is different from cost reduction Cost Control focuses/emphasises on decreasing the…

Q: How to Improve the Scalability of sustianble products with sustainable packaging and cushioning and…

A: Sustainability would be working on the principle that the current need of the people must be…

Q: Which of these efforts or actions (i.e., changing values) requires managing quality, i.e., decrease…

A: Product production comprises all operations associated to the creation of a deliverable product,…

Q: Why is it important to consider workforce capability and capacity in designing and sustaining high…

A: Workforce capability refers to the ability of an organization to accomplish its goals such as…

Q: Which of the following statements is true with respect to the performance metrics useful for…

A: In production process, the ratio of direct labor should be more than the indirect labor. An ideal…

Q: What are the primary goals of lean manufacturing?

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Q: A company wants to determine it cost of quality.

A: Answer: Cost of quality is the cost incurred by the company to maintain the quality of the cost of…

Q: How are cost structures fundamentally different between the traditional and computer-integrated…

A: Sales order starts the manufacturing process under a traditional manufacturing environment. The…

Q: A company with an advanced manufacturing environment typically will have a higher break-even point,…

A: Advanced manufacturing environment: It can be defined as a situation where a strong competition…

Q: How can poor quality be expensive to the firm, especially if low-cost raw materials are used to…

A: The final objective of Cost Accounting is to reduce cost. Every firm wants to reduce cost thereby…

Q: What is likely the most effective way to reduce a company’s total quality costs?

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Q: What is the difference between cost leadership and product differentiation?

A: Cost leadership is a one of the effective marketing strategies. Despite being highly effective in…

Q: What considerations should managers make when deciding whether to sell a product as-is or after…

A: One of the decisions related to the product is to sell or process further. There are certain factors…

Q: Why is target costing most effectively applied at the researchand development and production process…

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