Overall improvement of quality.
The goal is to Increase profits by eliminating existing product variability, defects and waste that are undermining customer loyalty.
I found a diagram on google that’s colorful and looks helpful if you’d like to doodle it in your notes ☺️
One thing that a process cost system cannot be used for from the given options is Motion pictures.
<h3>What is process costing?</h3>
This is a method of allocating cost that is based on the same item being mass-produced such that there is no discernable difference between the goods that were produced.
Motion pictures cannot be mass produced which is why they cannot use process costing, Every motion picture is unique and so something more specific is needed to apportion their cost.
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Answer:
Text Messaging
Explanation:
Business messaging tools are widely use for individuals to create communication with the other individuals or organisations
Use of messaging for industry helps everyone to connect in plain text with other individuals, unlike most of the result of internet communications that you have to delay for until the communication is retrieved from the recipient's server.
Answer:
We should discontinue Product B
Explanation:
We should check if Product B generates a contribution or not:
We subtract from the sales revenues the variable cost:
revenue 39,500
variable cost of goods sold (25,500)
variable selling expenses <u> (16,500) </u>
Contribution (2,500)
<em>As the contribution is negative, we should discontinue </em>Product B as is less expensevely to stop production than continue.
Answer:
The term demand loan refers to a loan for which the entire balance must be paid immediately at the lender's request.
Answer: D
Explanation:
A demand loan lets the lender shorten the notice period for recalling the loan, thereby using it as a borrowing instrument. Upon immediate notification, the borrower has to repay the entire loan amount along with any interest associated with it. By means of this arrangement, the borrower is enabled towards loan repayment at any time sans any early penalty of repayment. To illustrate, overdraft arrangement is variable from the normal lending approach, having maturity date already determined along with the payable schedule of payments.