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Vinil7 [7]
2 years ago
6

When prioritizing the backlog, what does taking an economic view mean?

Business
1 answer:
xenn [34]2 years ago
6 0

When prioritizing the backlog, taking an economic view mean Realizing the goal of Lean

A lean system represents a company or business unit that comprehensively applies lean principles to the methods of planning, prioritizing, managing, and measuring work. The goal of all lean systems is to maximize customer profits. Lean thinking can significantly improve the productivity and functionality of a team or department, but lean implementation across the organization has the greatest impact on customers.

The lean system uses a lean approach to identify and eliminate waste. They systematically discover and take advantage of opportunities for improvement. These are two of Lean's basic concepts. Eliminate everything that doesn't add value to your customers, work systematically and continuously, and create more value for your customers.

Learn more about the Lean system here: brainly.com/question/683722

#SPJ4

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Match Point, Inc. has the following overhead standards: Variable overhead: 5 hours at $7 per hour Fixed overhead: 5 hours at $9
JulsSmile [24]

Answer:

$248,500

Explanation:

Variable overhead applied to production = Actual units produced * Variable overhead hours * Variable overhead hourly rate = 7,100 * 5 * $7 = $248,500

Therefore, the amount of variable overhead that Match Point applied to production is $248,500.

8 0
3 years ago
Brews 4 U is a local chain of coffee shops. Managers are interested in the costs of the stores and believe that the costs can be
Elden [556K]

Answer:

Explanation:

a. In a regression equation expressed as y= a + bx, how is the letter b best described?

Here, b is the slope and best described as the estimate of the cost when there's a visit of an additional customer.

b. How is the letter y in the regression equation best described?

The letter y is the observed store cost for that particular month.

c. How is the letter x in the regression equation best described?

The letter x is the observed customer visit for that particular month.

d. Based on the data derived from the regression analysis, what are the estimated costs for 370 customer-visits in a month?

The estimated cost for 370 customer visit will be:

Y = a + bx

where,

a =$1496

b = $2.08

x = 370 customer visit

Y = $1496 + ($2.08 × 370 customer visit)

= $1496 + $769.6

= $2265.6

e. What is the percent of the total variance that can be explained by the regression equation?

The percent of total variance which the regression equation explain will be:

R2 = 0.86814 or 86.814%

3 0
4 years ago
Which one of the following transactions occurred in the primary market?
joja [24]

Answer:

Valerie purchased newly issued shares of Velcro, Inc.

Explanation:

The primary market offer shares directly from the firm.

A firm offer their shares and investor purchases from the firm. After this, the subsequent trades on this share occur on the secondary market.

The primary market enables a way to raise funds without taking debt.

Valerie is purchasing new shares so, it is acting in the primary market.

The other trasnaction are trading shares already issued, which is secondary market.

3 0
3 years ago
MGM Grand announces plans to open a new casino with a hotel. Workers hired for this new business would
lbvjy [14]

Answer:

Answer is B Goodluck that is the answer

I think

8 0
3 years ago
One of the five criteria for a finance lease specifies that the present value of the lease payments be equal to or greater than:
Rina8888 [55]
Answer: the fair value of the asset should be greater than or equal to 90%

The fair value of a leasee's asset is an important criterion in the decision making of whether to approve a finance lease. Leasee's term of payment should also be greater than 75% of the economic life of the property being leased. 
5 0
3 years ago
Read 2 more answers
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