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3 years ago

Evaluate the impact that the 5 Total Quality Management (TQM) elements have on Woolworths, as a large company.

1 answer:

5 0

The main impact that the 5 Total Quality Management have on Woolworths is that it helps quality assurance for customers.

<h3>What is the Total Quality Management?</h3>

This is a management system that is assert that all staff must be committed to maintaining high standards of work in every aspect of a company's operations.

The five concept of Total Quality Management includes:

Produce quality work the first time
Focus on the customer
Have a strategic approach to improvement
Improve continuously
Encourage mutual respect and teamwork.

Read more about Total Quality Management

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Bob Clarke Corporation has provided the following data from its activity-based costing system: Activities Estimated Overhead Cos

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Answer:

Total Unit Cost= $ 96.65

Explanation:

Bob Clarke Corporation

Activities Estimated Overhead Cost Expected Activity

Assembly $1,005,040 68,000 machine-hours

Processing orders $102,500 2,000 orders

Inspection $139,840 1,900 inspection-hours

First we find the overhead rates using ABC costing method.

Overhead Rates= Estimated Overhead Cost/ Expected Activity

Assembly Rate= $1,005,040 /68,000 = $ 14.78 per machine-hours

Processing rate= $102,500 / 2,000= $ 51.25 per orders

Inspection Rate= $139,840/ 1,900= $ 73.6 per inspection-hours

Then we find the overhead costs applying the ABC Costing rates

Overhead Costs Of 450 Hockey

Assembly= 710 machine-hours, * $ 14.78= $10493.8

Processing=42 orders, *$ 51.25= $ 2152.5

Inspection= 12 inspection-hours*$ 73.6 = $ 883.2

Total Overhead Costs of 450 Hockey = $ 13529.5

Overhead Cost of One Hockey= 13529.5/450= 30.065= $ 30.07

Then the:

Product Cost

Direct materials cost is $36.42 per hockey stick

Direct labor cost is $30.16 per hockey stick

Overhead Costs is $ 30.07

Total Unit Cost= $ 96.65

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Answer:

Point C

Diagram is available online but cannot be imported due to its format

Explanation:

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In the diagram, the new equilibrium point will be at point C. The supply will increase due to a reduction in input costs.

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4 years ago

Creative Sound Systems sold investments, land, and its own common stock for $35 million, $14.5 million, and $39.0 million, respe

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Answer:

The correct answer is $18.5 million.

Explanation:

According to the scenario, the computation of the given data are as follows:

we can calculate the cash flow from financing activities by using following formula:

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By putting the value, we get

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4 years ago

Evaluate the impact that the 5 Total Quality Management (TQM) elements have on Woolworths, as a large company.​

Evaluate the impact that the 5 Total Quality Management (TQM) elements have on Woolworths, as a large company.