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A scraper with a 275-hp diesel engine will be used to excavate and haul earth for a highway project.
Using the information provided, advise John Burton to either continue the present system or work to develop a JIT inventory system.
Are your current success measures mostly financial, internal processes, learning and growth, or customer focused?
You decide to explain to her the concept of Economic Value Added to help her better understand the full cost of adding more invested capital assets.
A significant portion of the investor group advocates the "Tight Budget" strategy, arguing that it offers the lowest operating costs.
The second is to involve managers, customers, and other stakeholders in a grassroots approach to determine what cost, quality, and time factors .
How large does a company have to be and how much inventory must it have before JIT makes sense?
How can a company make a profit and yet not be profitable in the sense that it has negative value in the EVA calculation?
How did the concept of just-in-time (JIT) change most companies' view that maintaining a minimum level of inventory was desirable?
In what way do Edward Deming's ideas of total quality management (TQM) change Andrew Carnegie's slogan,
Why is it unwise for a company to focus on only one performance measure while ignoring other performance measures?
Identify the type of performance measure and the related process for each of these measures.
Classify these measures as learning and growth measures, internal processes, customer measures, and financial measures by grouping the measures in a column .
Compute the Economic Value Added for Mike and John's first year of operations.
Determine the gross margin percent for Stafford Manufacturing for each product it produces.
What is the significance of idle capacity in determining the price of a special order?
When should a segment (product, product line, division, etc.) be dropped? When should a segment be added?
What determines whether a product should be sold at the point of separation from a joint process or after further processing?
SMM has decided to replace one of its looms and has researched the following cost data on replacement looms.
What is the minimum price per unit at which the company should accept the special order ?
The company does not expect to be able to receive the full sales price of $120 per coat, and the company needs production storage space to make room .
Assume that the company prices its products using a 30% markup on total manufacturing cost to cover selling and administrative expenses.
Assuming zero opportunity costs, should the company accept the outside offer?
What type of cost is the $50,000 purchase price of the old machine?
Compute the net differential cost in deciding whether to make or buy the part.