Which of the following is an example of information that a project manager should include when documenting lessons learned during a project? More than one answer may be selected. Check All That Apply Twenty percent of the supplies purchased from Vendor ABC broke during the production process Even though the supplies were less expensive per unit, it ended up costing more when factoring in the replacement units and production time The offshore partners in Russia were able to meet deadlines and submit work that was deemed to be as well done as work submitted by onshore partners Most stakeholders attended meetings via Zoom rather than in person An inclement weather event occurred during the project, forcing the plant to close for threee days, causing the project to mes es completion deadline by two days

Which of the following is an example of information that a project manager should include when documenting lessons learned during a project? More than one answer may be selected. Check All That Apply Twenty percent of the supplies purchased from Vendor ABC broke during the production process Even though the supplies were less expensive per unit, it ended up costing more when factoring in the replacement units and production time The offshore partners in Russia were able to meet deadlines and submit work that was deemed to be as well done as work submitted by onshore partners Most stakeholders attended meetings via Zoom rather than in person An inclement weather event occurred during the project, forcing the plant to close for threee days, causing the project to mes es completion deadline by two days

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter11: Strategic Cost Management

Section: Chapter Questions

Problem 4CE: Kagle design engineers are in the process of developing a new green product, one that will...

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You are asked to assist in a cost estimate for the production of new shipping containers. Based on the details of the contract, you know that the containers will all be based on a consistent production design, that the production process emphasizes productivity improvement, and that the production team has had a very low turnover rate over the last two periods of performance. In an uninterrupted serial production cycle, what can you assume will happen to the unit cost as production quantities increase? A. The unit cost will decrease B. The unit cost will increase C. The unit cost will increase and decrease cyclically D. The unit price will stay the same
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Richins Company is considering the acquisition of a computerized manufacturing system. The new system has a built in quality function that increases the control over product specifications. An alarm sounds whenever the product falls outside the programmed specifications. An operator can then make some adjustments on the spot to restore the desired product quality. The system is expected to decrease the number of units scrapped because of poor quality. The system is also expected to decrease the amount of labor inputs needed. The production manager is pushing for the aquisition because he believes that productivity will be greatly enhanced - particularly when it comes to labor and material inputs. Output and input data follow. The data for the computerized system are projections. Current System Computerized System Output (units)…
A process control manager is considering two robots to improve materials-handling capacity in the production of rigid shaft couplings that make dissimilar drive components. Robot X has a first cost of $92,000, an annual M&O cost of $31,000, and $40,000 salvage value, and it will improve revenues by $96,000 per year. Robot Y has a first cost of $146,000, an annual M&O cost of $28,000, and $47,000 salvage value, and it will increase revenues by $124,000 per year. The company's MARR is 37% per year, and it uses a 3-year study period for economic evaluations. Calculate the incremental ROR, and identify the robot the manager should select. The incremental ROR is %. The manager should select robot: (Click to select) (Click to select) Y
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Mozaic Inc. has decided to introduce a new product, which can be manufactured by either a computer-assisted manufacturing system (CAM) or a labor-intensive production system (LIP). The manufacturing method will not affect the quality of the product. The estimated manufacturing costs by the two methods are as follows: www CAM System LIP System Direct Material $5.00 $5.60 Direct Labor (DLH) 0.5 DLH x $12 $6.00 0.8 DLH x $9 $7.20 Variable Overhead 0.5 DLH x $6 $3.00 0.8 DLH x $6 $4.80 Fixed Overhead* $2,440,000 $1,320,000 * These costs are directly traceable to the new product line. They would not be incurred if the new product were not produced. The company's marketing research department has recommended an introductory unit sales price of $30. Selling expenses are estimated to be $500,000 annually plus $2 for each unit sold. (Ignore income taxes.) Required: 1. Describe the circumstances under which the firm should employ each of the two manufacturing methods. 2. Identify some business…
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Kagle design engineers are in the process of developing a new “green” product, one that will significantly reduce impact on the environment and yet still provide the desired customer functionality. Currently, two designs are being considered. The manager of Kagle has told the engineers that the cost for the new product cannot exceed $550 per unit (target cost). In the past, the Cost Accounting Department has given estimated costs using a unit-based system. At the request of the Engineering Department, Cost Accounting is providing both unit- and activity-based accounting information (made possible by a recent pilot study producing the activity-based data). Unit-based system:Variable conversion activity rate: $100 per direct labor hourMaterial usage rate: $20 per partABC system:Labor usage: $15 per direct labor hourMaterial usage (direct materials): $20 per partMachining: $75 per machine hourPurchasing activity: $150 per purchase orderSetup activity: $3,000 per setup hourWarranty…
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The production department is proposing the purchase of an automatic insertion machine. It has identified three machines and has asked the accountant to analyze them to determine which one has the best average rate of return. Machine A Machine B Machine C Estimated average income $43,866.76 $73,406.10 $62,231.25 Average investment 313,334.00 244,687.00 414,875.00
Jack and Larry Ltd is a road construction company in the UK which currently usesabsorption costing for pricing its contracts. Their new accountants have recommendedto the board that the business should experiment with an Activity Based Costing system,as it provides more accurate costing and pricing information.Whilst the manufacture of roads is very labour intensive, a large amount of machineryand equipment is used which incurs considerable overheads.The current annual budget for the company is as follows:£000sSales revenue 125,000Direct materials 30,000Direct labour 60,000Overhead costs 20,000Operating income 15,000The company currently absorbs its overheads as a percentage of the total cost of directlabour and their standard profit margin is 60% of total cost.As part of their investigation into ABC, they wish to compare the two costing methods ona quote for a new road that they have tendered for, called the A1997. The cost of directlabour to be used on this job is £600,000.Their…