Questions
in short essay name and describe the different ways that learning occurs in a company. What...

in short essay name and describe the different ways that learning occurs in a company. What are the four types of capital and how are these influenced by training and development

In: Operations Management

Sergio Marquina is an expert of automated production lines. However, in order to promote his status...

Sergio Marquina is an expert of automated production lines. However, in order to promote his status to “the professor” he needs to also become an expert of line balancing in manual assembly lines. He already knows the three types of line balancing algorithms as Largest Candidate Rule, Kilbridge and Wester Method and Ranked Positional Weights. In his attempt to become “the professor”, he has to present the following discussion points to the committee of referees. Present your answers with an organized, detailed and clear way.

  1. Discuss in what situations one should use Largest Candidate Rule, knowing that Kilbridge and Wester Method and Ranked Positional Weights usually bring solutions that are more accurate.
  2. What should be done in the case of a single work element’s value is greater than value?
  3. In mixed model line balancing systems, why are we taking AT (available time) as the maximum station time?

In: Operations Management

Where was the failure in the Microsoft Zune market research process? Which step was missing, not...

Where was the failure in the Microsoft Zune market research process? Which step was missing, not followed correctly, misinterpreted, or misrepresented?

In: Operations Management

What do you think about practicing a predatory pricing strategy and its impact? Should predatory pricing...

  1. What do you think about practicing a predatory pricing strategy and its impact?
  2. Should predatory pricing be an illegal strategy? Why?
  3. As a policy maker, what do you suggest to protect consumer rights?

In: Operations Management

Are the symbols/letters part of a universal business language? Or can an organization have its own...

Are the symbols/letters part of a universal business language? Or can an organization have its own set of symbols and letters? Up to how many symbols/letters can a BPMN have? Portraying to how easy or difficut it would be to remember them if there's a lot to cover.

In: Operations Management

What combinations of management style might you use in each of these situations and why?

What combinations of management style might you use in each of these situations and why?

In: Operations Management

QUESTION ONE: Absorption and Variable Costing: Prepare and Reconcile Variable costing Statements Audiophonics Limited manufactures and...

QUESTION ONE:

Absorption and Variable Costing: Prepare and Reconcile Variable costing Statements

Audiophonics Limited manufactures and sells high-quality and durable ear buds for use with personal electronics that are custom moulded to each customer’s ear. Cost data for the product follows:

Variable costs per unit:

           Direct materials                                       $12

           Direct labour                                            24

           Variable factory overhead                            8

           Variable selling and administrative               6

Total variable costs per unit                               $50

Fixed costs per month:

           Fixed manufacturing overhead                $240,000

           Fixed selling and administrative              180,000

Total fixed costs per month                                $420,000

The product sells for $80 per unit. Production and sales data for May and June, the first two months of operations, are as follows:

Units Produced                 Units Sold

May                         15,000                     13,000

June                        15,000                     17,000

Income statements prepared by the Accounting Department using absorption costing are presented below:

May        June

Sales                                                             $1,040,000   $1,360,000

Cost of goods sold:

           Beginning inventory                                           0              120,000

           Add cost of goods manufactured            900,000           900,000

           Goods available for sale                          900,000        1,020,000

           Less ending inventory                              120,000                        0

Cost of goods sold                                             780,000        1,020,000

Gross margin                                                      260,000             340,000

Selling and administrative expenses                  258,000            282,000

Operating income                                               $2,000           $58,000

REQUIRED:

  1. Determine the unit cost under
    1. Absorption costing.
    2. Variable costing.
  1. Prepare variable costing income statements for May and June using the contribution approach.
  1. Reconcile the variable costing and absorption costing operating income figures.
  1. The company’s Accounting Department has determined the break-even point to be 14,000 units per month, computed as follows:

Fixed cost per month         =           $420,000      = 14,000 units

Unit contribution margin                $30 per unit

On receiving this figure, the president commented, “There’s something peculiar here. The comptroller says that the break-even point is 14,000 units per month. Yet we sold only 13,000 units in May, and the income statement we received showed a $2,000 profit. Which figure do we believe?” Prepare a brief explanation of what happened on the May income statement.

In: Operations Management

what are the organization's responsibility to make the workplace legal & ethical as well as have...

what are the organization's responsibility to make the workplace legal & ethical as well as have a stated mission to contribute to societal goals? Write a well-developed answer

subject Human resource management

In: Operations Management

Your book states that we must never be afraid to try something new, but fear is...

Your book states that we must never be afraid to try something new, but fear is the single most obstacle to our professional creativity.

  • Do you agree with this? Why or why not?
  • Why are we afraid to be creative in our tactics?

In: Operations Management

Applying the Product Development Uncertainty Principle means that Traditional/Waterfall projects are seemingly destined to fail. What...

  1. Applying the Product Development Uncertainty Principle means that Traditional/Waterfall projects are seemingly destined to fail. What prevents a company from just changing to Agile?
  2. History is an important influencer of project management. Give three examples of how this is true?

In: Operations Management

In a narrative format, discuss Wal-Mart from a strategic perspective. Discuss Wal-Mart’s strengths and weaknesses? Information...

In a narrative format, discuss Wal-Mart from a strategic perspective. Discuss Wal-Mart’s strengths and weaknesses? Information concerning recent changes in the firms is readily available online and should be accessed. Strategic issues should be discussed in “real time.

In: Operations Management

How is HRM viewed in different societies? What are your thoughts on backdoor recruitment? Other key...

How is HRM viewed in different societies? What are your thoughts on backdoor recruitment? Other key issues?

In: Operations Management

what is the difference between "Usage of Trade", "Course of Performance" and "Course of Dealing"?

what is the difference between "Usage of Trade", "Course of Performance" and "Course of Dealing"?

In: Operations Management

Does Toyota embrace organization development? If so, which of the three most basic types of OD...

Does Toyota embrace organization development? If so, which of the three most basic types of OD techniques is Toyota using?

In: Operations Management

What are 3 ways that an employee can show that an employer's reason for firing the...

What are 3 ways that an employee can show that an employer's reason for firing the employee is a "pretext"?

In: Operations Management