Managing production and delivery of an organization's goods or services more efficiently is the main goal of operations management.
How does managing production work?
Production management, usually referred to as operations management, involves the planning and oversight of industrial processes to guarantee that they proceed smoothly and at the necessary level. Both the service sector and the manufacturing sector use production management techniques.
What significance does production have?
One of the most crucial procedures in manufacturing is production, which is essential to understanding what it means to be a manufacturer. Without this activity, there would be no final goods produced and nothing to sell to clients.
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Answer:
It could be applicable when there is a negative compliment: When this happens it is best and advisable to be silent about it and continue with the work activities. Negative compliments are usually hurtful to the recipients and tempers may flare up if words are exchanged.
It could also be applicable when important informations are passed during meetings: Some meetings at work requires dissemination of information with various steps in accomplishing them. If an individual isn’t silent and pays less attention, a step may be missed and will make the worker being unable to perform the task.
Answer:
The depreciation expense for 2017 is $4,050
Explanation:
The company uses straight-line depreciation method, Depreciation Expense per year is calculated by following formula:
Annual Depreciation Expense = (Cost of asset − Salvage Value )/Useful Life = (
$103,500 - $22,500)/5 = $16,200
Depreciation Expense per month = $16,200/12 = $1,350
Crane Company places a new asset into service on October 1, 2017. In 2017, the asset has been used for 3 months
The depreciation expense for 2017 = $1,350 x 3 = $4,050
Answer:
She Presents Last Year's Contribution Margin Income Statement (see Below), Which Is Based On A Sales Volume Of 100,000 Units (one Product Offering) And Operating Income Of $125,000. ... Judy Billows, owner of Billows Manufacturing has called a meeting with her department heads. She
Explanation:
Answer:
The $500 is the opportunity cost.
Explanation:
The sunk cost can be defined as a cost that has already been incurred. Such as cost can no longer be recovered. A sunk cost is considered to be irrelevant and is excluded from decision making.
If an individual decided to take an accounting course and paid the tuition fee of $500 and gets a job offer later. If he/she decides to take up the job the tuition fee paid will be the sunk cost which cannot be recovered anymore.
