All categories

3 years ago

Is a production process that generates customized products in high volumes?

1 answer:

4 0

The production process is called Mass Customization and it is defined as an example of the assemble-to-order strategy, where a firm's flexible processes generate customized products or services in high volumes at reasonably low costs. Basically it combines the flexibility and personalization of custom-made products with the low unit costs associated with mass production.

You might be interested in

a procedure on the medicare nonparticipating fee schedule is priced at $320. How much can the nonparticipating provider charge f

Mademuasel [1]

Answer:

The answer is

Up to $368 (320 x 1.15=$368).

good luck

7 0

3 years ago

What do behaviorist and cognitivist theories have in common?

Ymorist [56]

C hope that helps hand f

4 0

2 years ago

Which of the following is a criticism of the national income and product accounts?

jok3333 [9.3K]

I believe the correct answer among the choices is:

b) They do not capture most nonmarket economic activity

The National Income and Product Accounts or NIPA is one of the main sources of the data on general economic activity in the United States. The greatest drawback to this is that it is only a prediction, it does not really reflect all the acitivities.

4 0

3 years ago

Therrell Corporation has two divisions: Bulb Division and Seed Division. The following report is for the most recent operating p

amm1812

Answer:

a. For Bulb = $183,418.92

b. For Seed = $96,759.49

c. Break even = $336,144.74

Explanation:

Sales = Bulb Division + Seed Division

= $234,000 + $156,000

= $390,000

Variable Expense = Bulb Division + Seed Division

= $60,840 + $32,760

= $93,600

Contribution margin for bulb = Sales - Variable

= $234,000 - $60,840

= $173,160

Contribution margin for Seed division = Sales - Variable

= $156,000 - $32,760

= $123,240

Total = $390,000 - $93,600

= $296,400

Division Income for bulb = contribution margin - Traceable fixed expenses

= $173,160 - $135,730

= $37,430

Division Income for seed division = contribution margin - Traceable fixed expenses

= $123,240 - $76,440

= $46,800

Total of Division income = $296,400 - $212,170

= $84,230

Common Fixed expenses = $25,980 + $17,320

= $43,300

Income = Total of Division income - Common Fixed expenses

= $84,230 - $43,300

= $40,930

Contribution margin ratio for bulb = Contribution ÷ Sales × 100

= $173,160 ÷ $234,000 × 100

= 74.00%

Contribution margin ratio for seed = Contribution ÷ Sales × 100

= $123,240 ÷ $156,000 × 100

= 79%

Total Contribution margin ratio for bulb and seed = Contribution ÷ Sales × 100

= ($173,160 + $123,240) ÷ $390,000 × 100

= $296,400 ÷ $390,000 × 100

= 76%

a and b. Division’s break-even in sales dollars = Fixed costs ÷ Contribution margin ratio

For Bulb = $183,418.92

For Seed = $96,759.49

c. company’s overall break - even in sales dollars

= (212170 + 43300) ÷ 76%

= $336,144.74

5 0

3 years ago

What is a sercured loan

VARVARA [1.3K]

Answer:

Secured loan is as below

Explanation:

A secured loan is money that you borrow by offering an asset as collateral. The lender will hold on the asset until the full loan amount is paid back. A secured loan is a good option when borrowing a large amount of money. It attracts low-interest rates.

Lenders consider secured loans less risky because the customer provides a valuable asset as a back-up should they fail to repay. Homes and land are the most common properties used as collateral for secured loans.

6 0

3 years ago