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To cut costs and increase output a new process was established. What was this process in manufacturing called?
To cut costs and increase output a new manufacturing process called automation was created. With automation came lower labor cost, increased productivity, and improved quality.
What is simulation of plant layout?
Plannig the arrangement of plant equipment and people to create the most efficient layout that will produce products of appropriate quality at the l;owest unit costs
What are diamonds used for most industrial or non-industrial?
About 75% of all diamonds mined are used for industrial purposes: they are not gemstone quality.
Explain how the following factors help improve the competitiveness of a Manufacturing Organization?
a. Low production costs b. Fast delivery of products/Services. c. On-time deliveries d. High quality products/services e. Flexibility
What activities are involved in total quality management?
The TQM system as being based on the theory on that, as quality improves, so costs fall through reduced failure rates and less waste.
Do organic food cost more?
Organic food costs more because it's better quality than other non-organic foods.
Why do organic food cost more?
Organic food costs more because it's better quality than other non-organic foods.
What is cost of quality?
Cost of quality is a way for businesses to determine the costs associated with the quality and deficiencies of a product. Investing in higher quality standards can help a company reduce the costs associated with defects.
Examples of non relevant cost?
Examples are Sunk Costs, Fixed costs and Allocated Costs.
What are the different costs involved in quality?
1- Cost attribute to poor quality 2- Cost of attaining quality
When should quality improvement expenditures cease?
Cost of quality improvement exceed production costs
What is on overhead?
Overhead refers to the cost of a business in a particular period. Specifically, overhead points to fixed and indirect costs. They are non-labor costs. Non-labor costs are variable or fixed. Rent and salaries are examples of fixed costs. Advertising and supplies are variable costs.
What are two categories used to explain the basic cost of mobility?
mobility and non-mobility costs
What are non production overheads?
Non production overheads are costs associated with the workings of a company. These costs do not go directly into making the item. For example, electricity or office space are non production overheads.
Is sales commission expense a period cost?
Yes, period costs are non manufacturing costs
What are non discretionary expenses?
transportation costs entertainment
How much does a cello cost in Australian dollars?
A student (non-professional) cello costs about $1000 in the U.S. which is equal to about 961.63 in AUD. A higher quality cello with better sound will cost about 1926.60 to 4816.50 AUD.
