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For materials usage, the value-added standard calls for 6 pounds per unit of output. The value-added standard is based on the elimination of all waste due to defective molds. The standard price of materials is PS per pound. Actual materials usage was 25% above the level called for by the value-added standard. A total of 80,000 units of output was produced. Suppose the operational managers have selected some improvement measures that promise to reduce non-value- added activity usage by 40% in the following period. Using the targeted reduction, establish the kaizen standards for materials, expressed both in physical and financial measures

For materials usage, the value-added standard calls for 6 pounds per unit of output. The value-added standard is based on the elimination of all waste due to defective molds. The standard price of materials is PS per pound. Actual materials usage was 25% above the level called for by the value-added standard. A total of 80,000 units of output was produced. Suppose the operational managers have selected some improvement measures that promise to reduce non-value- added activity usage by 40% in the following period. Using the targeted reduction, establish the kaizen standards for materials, expressed both in physical and financial measures

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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PROBLEM 2 For materials usage, the value-added standard calls for 6 pounds per unit of output. The value-added standard is based on the elimination of all waste due to defective molds. The standard price of materials is P5 per pound. Actual materials usage was 25% above the level called for by the value-added standard. A total of 80,000 units of output was produced. Suppose the operational managers have selected some improvement measures that promise to reduce non-value- added activity usage by 40% in the following period. Using the targeted reduction, establish the kaizen standards for materials, expressed both in physical and financial measures
Transcribed Image Text:PROBLEM 2 For materials usage, the value-added standard calls for 6 pounds per unit of output. The value-added standard is based on the elimination of all waste due to defective molds. The standard price of materials is P5 per pound. Actual materials usage was 25% above the level called for by the value-added standard. A total of 80,000 units of output was produced. Suppose the operational managers have selected some improvement measures that promise to reduce non-value- added activity usage by 40% in the following period. Using the targeted reduction, establish the kaizen standards for materials, expressed both in physical and financial measures
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