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What are the units of product that have been completed but have not yet been sold to customers?
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What is the definition of final product?
A final product is the end result of a production process, typically an item that is ready for use or sale in the market. It is the completed form of a product after all stages of production have been completed.
Have been completed or has been completed?
have been completed
How many happy customers does Acorn Stairlift have worldwide?
"Acorn Stairlift says that it has thousands of satisfied customers all over the world. They also say that the number of stairlifts they have installed are in the hundred thousands so people must be satisfied with the product as they have been in business for over 15 years and manufacture over 50,000 units a year."
What is the primary purpose of persuasive advertising?
Persuasive advertising is used after a product has been introduced to customers. The primary goal is for a company to build selective demand for its product.
What is the purpose of a document review?
A review is anywhere from a couple of sentences to paragraphs explaining a persons view on a product or service. What it mainly does is inform a viewer, or potential buyer, about this product or service. It can help you decide whether or not this product is right for you, how well it works, and how satisfied previous customers have been.
What is service proliferation?
The world becoming more complicated and sophisticated due to the technological revolution and the customers awareness level has been increased as a result service provider should innovate new product for the additional benefit to the customers and customers are seeking to shift that organization which are giving new innovative services and product with cost effective and more returnable manner. So newness in service and product is known as service proliferation.
What impact does the length of time a company has been in business impact the decision to produce a product in the short run?
for they have been a company for long and have customers they are expected to have the best thus can not make rush decisions
How do you calculate equivalent units of production?
Definition and Explanation of Equivalent Units of Production:After materials, labor and overhead costs have been accumulated in a department, the department's output must be determined so that unit cost can be computed. A department usually has some partially completed units in its ending inventory. It does not seem reasonable to count these partially completed units as equivalent to fully completed units when counting the department's out put. These partially converted units are mathematically converted into an equivalent number of fully completed units. In process costing this is done by using the following formula:Equivalent Units = Number of partially Completed Units × Percentage of CompletionEquivalent units of production for a period can be calculated in two different waysWeighted Average methodFirst in First Out (FIFO) methodEquivalent Units―Weighted Average Method:Weighted Average method blends together units and costs from the current period with units and costs from the prior period. In a weighted average method the equivalent units of production for a department are the number of units transferred to the next department of finished goods plus the equivalent units in the department's ending work in process inventory.Example:Following is the data from Shaping and Milling department, one of the departments at Five Star CompanyShaping and Milling DepartmentPercent CompleteUnitsMaterialsConversionWork in process, May 1Units started in production during MayUnits completed in May and transferred to the next departmentWork in Process, May31 2005,0004,80040055%100%*40%30%100%*25%*It is always assumed that units transferred out of a department are 100% complete with respect to the processing done in that department.Note that the May1 beginning Work in Process is 55% complete with respect to materials costs, and 30% complete with respect to conversion costs. This means that 55% of the materials costs required to complete the units in the department has already been incurred. Likewise, 30% of the conversion cost required to complete the units has already been incurred.Since Five Star's work in process inventories are at different stages of completion in terms of amounts of materials cost and conversion cost that have been added in the department, two equivalent unit figure must be completed. The equivalent units computations are shown below.Shaping and Milling DepartmentMaterialsConversionUnits transferred to the next departmentWork in Process, May 31400 units × 40%400 units × 25% Equivalent units of production4,800160--------4,960=====4,800100--------4,900=====Note from above computations that units in the beginning work in process inventory are ignored. The weighted average method is concerned only with the fact that there are 4,900 equivalent units for conversion cost in ending inventories and in units transferred to the next department―the method is not concerned with the additional fact that some of this work was accomplished in the prior periods. This is a key point in the weighted average method that is easy to overlookgoogle_protectAndRun("ads_core.google_render_ad", google_handleError, google_render_ad); Equivalent Units―First-in-First-Out (FIFO) Method:The computation of equivalent units under FIFO method differs from weighted average method in two ways. First the units transferred out figure is divided into two parts. One part consists of the units from beginning inventory that were completed and transferred out, and the other part consists of the units that were both started and completed during the current period. Second full consideration is given to the amount of work expended during the current period on units in the beginning work in process inventory as well as units in the ending inventory. Thus, under the FIFO method, it is necessary to convert both beginning and ending inventories to an equivalent unit basis. For the beginning inventory, the equivalent units represent the work done to complete the units; for the ending inventory, the equivalent units represent the work done to bring the units to a stage of partial completion at the end of the period ( the same as with the weighted average method). The formula for computing equivalent units of production is more complex under FIFO method than under weighted average method.Formula for Calculating Equivalent Units―FIFO method:Equivalent Units of Production = Equivalent units to complete beginning inventory* + Units started and completed during the period + Equivalent units in ending work in process inventory*Equivalent units to complete beginning inventory = Units in beginning inventory × (100% − Percentage completion of beginning inventory)Or, the equivalent units of production can also be determined as follows:Equivalent Units of Production = Units transferred out + Equivalent units in ending work in process inventory − Equivalent units in beginning inventory.Example:To illustrate the FIFO method, Refer again the data of shaping and milling department of Five Star Company.Shaping and Milling DepartmentMaterialsConversionWork in Process May 1:200 units × (100% − 55%)*200 units × (100% − 30%)*Units started and completed in MayWork in process, May 31:400 units × 40%400 units × 25% Equivalent Units of Production90**4,600160--------4,850=====140**4,600100--------4,840=====*This is the work needed to complete the units in the beginning inventory.**(5,000 units started) − (400 units in the ending work in process) = 4,600 units started and completed. The FIFO method assumes that the units in the beginning inventory are finished first.
Different views for quality management system?
From Customers perspective:Satisfication after the delivery of the product is the ultimate validation of the product quality.Receiving the right product for their use.Being satisfied that their needs have been met.Meeting their expectations.Being treated with integrity and respectively.From the Producer's perspective :Developing and producing the product in accordance with the specification is the path to achieving quality.
What is the definition of accounts receivable?
Accounts Receivable are invoices for work completed and billed out that have not been paid by your customer.
Has wallflower been completed in Japan?
as of now, wallflower has not yet completed.
What is the average cost of a Garmin 360?
This product has been discontinued, but there are other GPS units available. Looks like they start at about $120. This was available on http://www.garmin.com
