Answer:
After calculating, we get to know that the Product A should be sell now because, it show a difference of $23,800 through which company can earn more in the future. As the company will be better off by $23,800
Explanation:
For calculation, following things need to be considered which is shown below:
1. Product A process costing = Pounds × Per pound price
= 34,000 × $8
= $272,000
2. Product A costing after selling = Pounds × sale price per pound
= 34,000 × $14
= $476,000
3. Difference of costing :
= Product A costing after selling - Product A process costing
= $476,000 - $272,000
= $204,000
4. Invested amount = $227,800
5. Actual Difference = Invested amount - costing difference
= $227,800 - $204,000
= $23,800
After calculating, we get to know that the Product A should be sell now because, it show a difference of $23,800 through which company can earn more in the future. As the company will be better off by $23,800
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Four new manufacturing processes include 3D printing, smart factory, IIoT, and virtual reality, these technologies have a positive impact in diverse sectors and are used for manufacturing
During the last years, the development of technology has produced different objects such as smart appliances, smartphones, smart cars that have changed people's lives.
These technological improvements have also revolutionized the way of manufacturing different objects because they have improved the design, production, and marketing processes of the products. Several developments that have contributed to the industry are:
3D printing: It is a development that allows manufacturing objects or parts in different materials derived from petroleum.
- This technological advance affects the parts manufacturing sector in different ways
- In a toy factory, this development allows creating the parts of the toys much easier and more efficient
Smart factory: It is a technological development that allows improving the manufacture of objects through the use of digitized and connected machines to improve the production process.
- This technological advance affects all manufacturing subsectors because it integrates all processes.
- In a car factory, this development allows the assembly of a car to be done automatically and efficiently
Industrial internet of things (IIoT): It is a technological development that allows improving the manufacture of objects through the use of digital devices that work with artificial intelligence that perform a process and also analyze data to make productivity improvements.
- This technological advance affects all manufacturing subsectors because it integrates all production processes.
- In a food factory, this development allows production, packaging, sealing, and other processes to be carried out completely in the best way.
Virtual reality: It is a technological development that allows improving the manufacture of objects through the use of simulations that allows us to know previously how the performance of an object will be.
- This technological advance affects the design and quality control process to evaluate the functionality of the manufactured object.
- In a high-end bicycle factory, it allows knowing the performance of the materials in different types of roads, climatic conditions, and situations.
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