Procurement is the supply chain function that receives inputs from the demand plan to procure materials, equipment, and services.
The process of organizing the many tasks necessary to create and distribute goods and services to a company's clients is known as supply chain management. The transfer of raw materials from the supplier to the producer to the final delivery to the customer is all included in the supply chain. Designing, farming, manufacturing, packaging, and transportation are a few examples of supply chain operations. A supply chain is the entire process of getting a finished good or service to the client. It may be necessary to obtain raw materials, convey them to the production facility, and then deliver the finished products to a customer.
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Stupid people...................................very stupid people
Answer and Explanation:
The computation of the financial advantage or disadvantage is as follows:
<u>Particulars Product Q1
</u>
Selling price after further processing 13.00
Selling price at split off point 11.00
Incremental revenue per pound or gallon 2.00
Total production 2,200.00
Total Incremental Revenue 4,400.00
Total Incremental Processing costs 10,200.00
Total Incremental profit or loss (5,800.00)
Since there is an incremental loss so the same would be Sold at split off
Explanation:
The computation of the activity rate for each activity is shown below:
As we know that
Activity Rate = Expected rate ÷ Activity Driver
For Handling material = $650,000 ÷ 100,000 = $6.50 per part
For Inspecting product = $925,000 ÷ 1,500 parts = $616.67 per batch
For Processing purchase orders = $130,000 ÷ 700 = $185.72 per orders
Paying supplies = $200,000 ÷ 500 = 400 per invoices
Insuring the factory = $325,000 ÷ $40,000 = $8.125 per square foot
Designing packaging = $100,000 ÷ 2 models = 50,000 per models
The right answer is: can call up the National Guard! :)
