Answer:
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Explanation:
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Answer:
Estimation of the non-value-added Cost:
a) Cost of automating the insertion process:
Machine time cost = 15/60 x $8 = $2
Material cost = 7.5 x $10 = $75
Total automation cost = $77
b) Cost of redesigning the gear:
Cost per setup hour = $50 x25% = $12.50
c) Movement cost:
Cost for movement = $20 x 6 = $120
d) Inspection cost:
Cost of inspection = 16,000 x $12 = $192,000
Explanation:
Non-Value Added activities, according to goleansixsigma.com, "are the process steps that do not meet one or more of the following criteria: 1) The step transforms the item toward completion (something changes). 2) The step is done right the first time (not a rework step). 3) The customer cares (or would pay) for the step to be done."
A non-value-added cost is a production expense that does not increase the amount customers are willing to pay for the finished product. Examples are inspection cost, movement cost, and automation cost.
Answer:
$5800
Explanation:
The income that would be earned if the summer courses were not taken is $5000 while we spend only $100 on food.
Besides, by taking the summer courses costs to be incurred is computed thus:
costs of summer courses=$1,200+$400+$300=$1900
By taking the summer courses one would earn $1000
In short, the opportunity of taking the summer courses is the earnings of -$5000 forgone plus the cost of $100 saved, plus the $1000 earned minus the $1900 spent on summer courses
i.e -$5000+$100+$1000-$1900=-$5800
Dennis could be suffering from a dissociative fugue. It is one of the many kinds of amnesia wherein an individual would not have the ability to recall someone's past and suddenly forming another identity from the mind. This happened to Dennis when he told the policemen that his name was Michael Hart.
Answer:
In 1890, Alfred Marshall's Principles of Economics developed a supply-and-demand curve that is still used to demonstrate the point at which the market is in equilibrium. ... The prices of some goods can increase without reducing demand, which means their prices are inelastic.