Reduction in Variety of Products
It is a general knowledge that larger is the range of products more is the cost included. A large range of products means much more investment in terms of equipment in both fixed and working capital and larger sales attempts that all push up the cost of production and sales. The reduction in range of products will lead to cost reduction because of the following causes:
(i) Reduction in range of production will direct to standardisation of products. The word standardisation stands for that the product should be a standard one that is made of standard materials and components that comprise a standard design and a standard cost. The standard in each one of the above cases has to be determined through management.
The standardisation of products will have the following benefits:
(a) It will decrease investment in inventories because only few standard products will have to be reserved in stock.
(b) The products can be manufactured in greater quantities in each process like a result of enhance in the size of each batch.
(c) The products will be of enhanced quality, better reliability and of less cost.
(ii) Reduction in range of products will direct to generalization of the production process. A generalization of production process includes less of machine setting time, longer runs, increased productivity and lower cost of inspection. As a matter of fact, Standardisation will automatically direct to generalization of the production process.
(iii) It has previously say above that standardisation includes giving a standard product to the consumer. The meaning of this is that quality of the product will not be permitted to get deteriorated but rather it will always be retained and, if possible, enhanced. This will need inspection of the product at dissimilar stages of production so that defects might be remedied at the earliest stage. It will carry economy in reducing the cost in terms of reduction in the number of defective units.
Latest technology based Cost Accounting Online Tutoring Assistance
Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in Reduction in Variety of Products homework help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Reduction in Variety of Products, project ideas and tutorials. We provide email based Reduction in Variety of Products homework help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Reduction in Variety of Products. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Cost Accounting homework help and assignment help services. They use their experience, as they have solved thousands of the cost accounting assignments, which may help you to solve your complex issues of Reduction in Variety of Products. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.
tutorsglobe.com staphylococcus aureus assignment help-homework help by online medical bacteriology tutors
The Molecular Orbital Theory tutorial all along with the key concepts of Some Properties of Molecular Orbital, Examples on Molecular Orbital Theory, MO diagrams, HOMO and LUMO, Atomic and Molecular Orbitals, Orbitals for Selected Molecules
Theory and lecture notes of Dependent Samples all along with the key concepts of Dependent samples - the mean of the difference, homework help, assignment help and two parameter testing tutors. Tutorsglobe offers homework help, assignment help and tutor’s assistance on Dependent Samples.
www.tutorsglobe.com offers achiral diastereomers homework help, achiral diastereomers assignment help, online tutoring assistance, organic chemistry solutions by online qualified tutor's help.
Selected Financial Reporting Standards , IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors, IAS 10 Events after the Reporting Period
Classification of Terpenes tutorial all along with the key concepts of Monoterpenes, Acyclic Monoterpenes, Monocyclic Monoterpenes, Bicyclic Monoterpenes, Sesquiterpenes, Diterpenes, Sesterpenes and Triterpenoids
Prokaryotic Cell Structure tutorial all along with the key concepts of Prokaryotic Cellular Components, Prokaryotic Cell Wall, Cytoplasmic Membrane, Nuclear Material, Cytosol, Ribosomes, Flagella, Bacterial chromosomes, Plasmids
tutorsglobe.com uniporter catalyzed transport assignment help-homework help by online passive transport tutors
We promise impeccable Professional Ethics Assignment Help service at reasonable rates to enhance your academic grades.
Theory and lecture notes of Concurrency problems all along with the key concepts of concurrency problems, Lock management, Lost Updates, Dirty Read, Un-repeatable Read. Tutorsglobe offers homework help, assignment help and tutor’s assistance on concurrency problems.
tutorsglobe.com market equilibrium assignment help-homework help by online demand and supply tutors
tutorsglobe.com functions of endocrine glands assignment help-homework help by online co-ordination systems tutors
tutorsglobe.com causes for diabetes assignment help-homework help by online diabetes mellitus tutors
tutorsglobe.com cerebrum assignment help-homework help by online the brain tutors
There is an assumption in accounting that money, that is the unit of measurement, will stay stable over time. However, this is an unrealistic assumption as the value of money changes. Generally, it is inflation that is the culprit.
1950955
Questions Asked
3689
Tutors
1494327
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!