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2 years ago

of inventory can absorb variations in flow rates by acting as a source of supply for a downstream step.

Business

1 answer:

Vanyuwa [196]2 years ago

8 0

Buffer of inventory can absorb variations in flow rates by acting as a source of supply for a downstream step.

<h3>What is a buffer?</h3>

In manufacturing, a buffer is used to account for fluctuations in the production process. Consider a buffer as a means to guarantee that your production line will continue to function normally even if unexpected circumstances arise.

Having enough supplies on hand to ensure smooth operations is one example of a buffer in manufacturing. To help stabilize any fluctuations they encounter with their supply and demand chains, production capabilities, and lead times, manufacturers will often keep inventories of the raw materials and supplies needed for production on hand, as well as occasionally inventories of finished goods awaiting shipment.
Without the proper buffers, manufacturing procedures may sluggish, which would result in more costs and lower profitability.

To know more about buffer with the given link

brainly.com/question/19093015

#SPJ4

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3 years ago

During quality management planning, the project manager and team determine what will be measured during the Control Quality proc

Mamont248 [21]

Answer:

Quality metrics is the right answer.

Explanation:

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3 years ago

In January the company produced 4,400 units using 10,180 pounds of the direct material and 2,160 direct labor-hours. During the

snow_lady [41]

The question is in complete (the tutor added $8 as standard material price)

In January the company produced 4,400 units using 10,180 pounds of the direct material and 2,160 direct labor-hours. During the month, the company purchased 10,750 pounds of the direct material at a cost of $76,630. The actual direct labor cost was $38,250 and the actual variable overhead cost was $11,951. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The materials price variance for January is:

Assuming a standard material price of $8 per pound

(Note this was added by the tutor)

Answer:

Price variance $9,370 Favorable

Explanation:

Material price variance

A material price variance occurs where materials are purchased at a price either lower or higher than the standard price. A favorable variance is recorded where the actual total cost of materials is lower that the standard cost. While an adverse variance implies the opposite

10750 pounds should have cost (10,750 × $8) 86,000

but did cost (actual cost <u>76,630</u>

Price variance <u>9,370 Favorable </u>

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3 years ago

The income statement for the Tamarisk, Inc. for the month ended July 31 shows Service Revenue $18,470, Salaries and Wages Expens

dmitriy555 [2]

Answer:

Explanation:

The closing entry for the following accounts are shown below:

1. Service Revenue A/c Dr $18,470

To Income Summary $18,470

(Being revenue account closed)

2. Income summary A/c Dr $14,810

To Maintenance and Repairs Expense $4,220

To Salaries and Wages Expense $9,380

To Income Tax Expense $1,210

(Being expenses accounts are closed)

3. Income summary A/c Dr $3,660

To Retained earning $3,660

(Being the difference is credited to retained earning)

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To Dividend A/c $1,980

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