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3 years ago

Total quality management__________.

Business

1 answer:

artcher [175]3 years ago

3 0

Answer:

c. gives all employees the responsibility for achieving quality goals.

Explanation:

Total quality management is the process by which processes are continuously streamlined to avoid errors, improve experience of customers, and maintain training of employees. Every employee takes responsibility for producing final quality product.

The main focus of total quality management is to produce quality product by continuously improving the manufacturing process.

Although TQM originated in the manufacturing industry, it is applied in banking, finance, and medicine.

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Miles uses the allowance method and wrote off the account of james. miles then received $559 as partial payment on the account o

Amanda [17]

<span>The journal entry to record the initial write-off includes is allowance for doubtful accounts. Allowance for doubtful accounts is a contra account to accounts receivable, and therefore has debit balance. It also needs to be diminished because you already used the bad debt when you make the allowance.</span>

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4 years ago

A much-used and potent managerial tool for determining whether a company performs particular functions or activities in a manner

Romashka [77]

Answer:

The correct answer is letter "E": benchmarking.

Explanation:

Benchmarking is a continuous process by which products, services or work processes of leading entities are taken to be compared to our company so after the analysis improvements can be made and implemented. Benchmarking is defined as the model of excellence from which the "best practices" can be obtained in favor of our own company.

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4 years ago

Item weight is the:______________. 1. Measure of how much consumers demand a particular item. 2. Percentage of the typical consu

erica [24]

Answer:

2) Percentage of the typical consumer budget spent on the item.

Explanation:

In microeconomics, item weight refers to the money spent on purchasing a specific product with respect of the total money spent in total purchases. Item weight is usually measured as a percent of a specific purchase over the total purchases made by a consumer or household.

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3 years ago

Alpaca Corporation had revenues of $300,000 in its first year of operations. The company has not collected on $20,000 of its sal

madam [21]

Answer: Option (b) is correct.

Explanation:

Given that,

Revenues = $300,000

Merchandise it purchased = $75,000

Salaries paid = $14,000

Owners invested = $23,000

Borrowed on a five-year note = $23,000

Interest paid = $3,000

Paid for a two-year insurance policy = $6,800

Income tax rate = 9%

Gross Margin = Revenues - Cost of Goods Sold

= $300,000 - $75,000

= $225,000

Profit before tax = Gross Margin - Salaries - Insurance payment - Interest

= $225,000 - 14,000 - 3,400 - 3,000

= $204,600

Net Income = Profit before tax - Tax at 9%

= $204,600 - 18,414

= $186,186

6 0

3 years ago

Jefferson Co. uses the following standard to produce a single unit of its product: Variable overhead $6 (2 hrs. per unit @ $3/hr

tankabanditka [31]

Answer:

B. 6,000U

Explanation:

The total variable overhead variance shall be calculated using the following formula:

Variable overhead variance=(Actual units produced*Standard hours per unit* Standard rate per hour) - (Actual variable production overhead cost of actual production)

Standard rate per hour=$3

Standard hours per unit=2

Actual units produced=24,000

Actual variable production overhead cost of actual production=$150,000

Variable overhead variance=(24,000*2*3-150,000)

=(144,000-150,000)

=$6,000U

So the answer is B. 6,000U

7 0

4 years ago