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What lowered the cost products?
Assembly lines, automatisation, moving production to places with lower salaries,and reduce raw material costs.
What lowered the cost of products?
Assembly lines, automatisation, moving production to places with lower salaries,and reduce raw material costs.
What are fixed direct costs?
Direct cost are cost which can be directly related to or identified with a particular product or department e.g materials used to make a product, but they could be fixed . Example if their are three computer production lines a special machine is required needed for only one of the computer. i
What is the difference between the direct method and indirect method?
The main difference between the direct method and the indirect method involves the cash flows from operating activities. Under the direct method, the cash flows from operating activities will include the amounts for lines such as cash from customers and cash paid to suppliers. In contrast, the indirect method will show net income followed by the adjustments needed to convert the total net income to the cash amount from operating activities.
Difference between activity based costing and job costing?
Activity Based Costing (ABC) is one of several approaches to job costing. Traditionally, job costing has been measured by allocating all direct costs associated with a certain job as well as 'a fair share' (usually based on direct labour hours or volume) of the total indirect costs/overheads incurred across all product lines. This traditional approach was appropriate to production that was labour-intensive, attracted a low level of overheads and enjoyed a fairly uncompetitive market. In more modern times however, production is increasingly machine-driven, overheads are higher (due to more rapid depreciation of equipment, maintenance and electricity costs) and products compete in a global market. Activity Based Costing seeks to identify the causes (or drivers) of indirect costs and apply them more selectively to particular 'activities'. This means that product lines which are simple and quick to make in large quantities will be 'costed' more competitively, only including overhead costs 'caused' by that particular job; while smaller more specialised product lines will be costed at a higher rate. Under a traditional job costing approach which allocates overheads in proportion to volume, the simple product line producing large quanities would have attracted a far greater share of the indirect costs making it less competitive in the marketplace.
What is a direct benefit of the use of assembly lines in production?
Wasted motion is eliminated
What Direct benefit of the use of the assembly lines in production?
Wasted motion is eliminated
What is a benefit of the use of assembly lines in production?
Wasted motion is eliminated
What is a direct benefit of the use of assembly lines in productions?
Wasted motion is eliminated
What was the benefit of using assembly lines in Ford's car factory?
Faster production of each vehicle.
What is after the development of mass production assembly lines?
After the development of mass production assembly lines, the next step is automated assembly lines. These lines use robotics instead of human workers to build items.
What strategy has increased efficient use of production?
Assembly lines are one innovation that have increased efficiency in production.
Why were assembly lines introduced into factories?
To speed up production and increase profits.
What was an advantage of assembly lines?
They were a fast and efficient way of producing things
Who introduced assembly lines and mass production?
Henry Ford started the first assembly line in his Detroit factory on April 1, 1913.
What has the author Armin Scholl written?
Armin Scholl has written: 'Balancing and sequencing of assembly lines' -- subject(s): Assembly-line balancing, Planning, Assembly-line methods, Data processing, Heuristic programming, Production planning, Production scheduling
What did the Henry Ford assembly lines do?
He brought mass production to the assembly lineHe brought mass production to the assembly line by using a conveyor belt so that as the car was brought down the conveyor belt, the car would be put together peice by piece.
