What is the highest acceptable manufacturing cost for hwich Domingo would be willing to produce the headphones?
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- What are the primary goals of lean manufacturing?Birdie Limited is a manufacturing company producing a variety of golf clubs. It operates from one factory that is geographically separated from its head office. The components for the clubs are assembled in the assembling department; they are then passed through to the finishing department where they are painted and packed. There are three service cost centres: administration, stores, and manufacturing support. The following costs were collected for the year to 31 May 2021: ETT Department Number of Allocated cost centre overhead costs (£,000) 225 employees 67 Assembling Finishing Administration 60 134 84 300 89 Stores 17 Manufacturing support 120 34 Additional information: The allocated cost centre overhead costs are all considered to be indirect costs as far as specific units are concerned. During the year to 31 May 2021, 208,000 machine hours were worked in the assembling department, and 270,000 direct labour hours in the finishing department. During the year to 31 May 2021, the…When evaluating if a company should accept a new contract to produce more product it should: Evaluate all possible fixed cost of accepting the contract. Evaluate the propose contract using a contribution margin approach. Accept the new contract if the sales price for the product is equal to or higher than the current sale price. Accept the new contract if fixed costs will remain the same.
- James is considering replacing his worn-out machines. Which of the following is not a relevant cost for James when considering various available options? Select one: a. Changes in costs of labour needed to operate the new machines. b. Costs of acquiring the current worn-out machines. c. Costs of delivering the new machine. d. Costs of replacing old machines. e. None of the above answers is correct.Which analysis involves a comparison of the cost of operating additional robotic tailors with additional revenues generated by increased product sales?An automobile manufacturer has decided to allow suppliers to bid on all parts necessary to make its vehicle. What qualitative factors should be considered by management in deciding whether or not to turn over the production of a part to an outside supplier?
- When dealing with Make or Buy - we have several alternatives that could be possible. Like with any problem associated with relevant decision making, we have to list all of our alternatives side by side and choose the best one. Yet, as we've discussed, there are items that are important that can be non-financial. For instance, if a series of alternatives suggests we should drop a product line because the numbers say it'd be a good move, do we just do it? What about the political fall out? The loss of jobs? All of these things need to be weighed when making these all to complicated decisions.Could someone help me with their input on this question please. What is the difference between a fixed and variable cost associated with owning a vehicle? How should a person prepare to buy a car?There are three options for the software package solution. Although all three packages are considered to be adequate for the intended purpose, there are licensing and pre-installation customization fees that differ between the potential solutions. Accordingly, there are also differences in how much incremental revenue the software will create – through increased revenue opportunities as well as cost savings. It is anticipated that the risk level of the project will be associated with the level of customization required – the more customization, the higher the risk that something will go wrong. For the three options, use an appropriate financial measurement to identify the correct software solution. Your company’s finance department has instructed you to use the following rates based on differing levels of risk: High risk: 20% Medium risk: 12% Low risk: 5% Software License fee Customization Estimated annual benefit Number of years in service Option A 1,400,000 350,000 185,000 10…
- Is it easier to measure the stand-alone, within-firm, or beta risk for projects such as anew delivery truck or a Home Depot warehouse?Clarke, Inc. manufactures door panels. Suppose Clarke, Inc. is considering spending the following amounts on a new total quality management (TQM) program: View the spending amounts. Clarke, Inc. expects the new program would save costs through the following: View the savings amounts. Requirements 1. Classify each cost as a prevention cost, an appraisal cost, an internal failure cost, or an external failure cost. 2. Should Clarke, Inc. implement the new quality program? Give your reason. Requirement 1. Classify each cost as a prevention cost, an appraisal cost, an internal failure cost, or an external failure cost. Type of Cost Strength-testing one item from each batch of panels Training employees in TQM Training suppliers in TQM Identifying suppliers who commit to on-time delivery of perfect-quality materials Lost profits from lost sales due to disappointed customers Rework and spoilage Inspection of raw materials Warranty costs Savings Avoid lost profits from lost sales due to…