All categories

3 years ago

Critically analyse the difference and the point of convergence between floor inspection and functional inspection

Business

1 answer:

olasank [31]3 years ago

4 0

Answer:

The overview of the give scenario is described in the explanation section below.

Explanation:

The distinction between Floor as well as Function Inspection was that these techniques are being used to eliminate and locate faulty materials until the identical happens in manufacturing. Quality is the key objective of both processes, where expectations are reviewed and evaluated to ensure that the operation is carried out correctly.
The differences between the parties would be that the system in the Floor Inspection needs to be checked the content in the process mostly on the machine rather than at the beginning of manufacture to ensure that every device or floor is functioning correctly. This would be to ensure that the industrial automation expenses will not go out and then go hand in hand as well as the fault could've been readily identified.
But from the other side, the Functional evaluation could have the primary purpose verified, which is something the brand is motivated to deliver. For example, an electric motor could've been verified if it has the correct performance and reliability. It doesn't inform us more about the difference throughout all sections, but somehow it provides everyone a wider understanding of both the happiness that comes from inspecting the very same item.

You might be interested in

Gilchrist Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginni

andrey2020 [161]

Answer:

Predetermined manufacturing overhead rate= $35.65 per machine hour

Explanation:

Giving the following information:

Estimated the machine-hours= 45,900

The estimated variable manufacturing overhead was $7.53 per machine-hour.

The estimated total fixed manufacturing overhead was $1,290,708.

To calculate the predetermined overhead rate, we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (1,290,708/45,900) + 7.53

Predetermined manufacturing overhead rate= $35.65 per machine hour

4 0

3 years ago

You purchase one IBM July 120 put contract for a premium of $5. You hold the option until the expiration date when IBM stock is

grin007 [14]

Answer: Net loss = $2

Explanation:

Given that,

Purchase one IBM July 120 put contract for a premium of $5

IBM stock is at $123 per share on the market

In buying these kind of call option, a person can makes the profit if the future price of the share is greater than the strike price.

Here,

Profit = $123 - $120 = $3

But, we have to deduct the premium paid that is $5

Therefore,

Net loss = Profit - premium paid

= 3 - 5

=$2 ⇒ This much loss realize on a the investment.

4 0

3 years ago

Rockeagle Corporation began fiscal Year 2 with the following balances in its inventory accounts.

irinina [24]

Answer:

I solved this manually. please try to follow up with the calculations.

ending inventory balance of

a. Raw material = $31000

b. work in progress = $49000

c. finished goods = $19000

Explanation:

for raw material:-

balance at beginning 30,000 + purchase of 125000 - issue of 124000

= 30000+125000-124000

= 31,000

the ending balance is 31000

for work in progress inventory:-

beginning inventory 45000 + 124000 current cost of issued material + 162000 direct wages + overhead 24000

= 45000+124000+162000+24000

= $355000

we subtract 306000 costs of goods manufactured from this value

= $355000-306000

= 49000 wip ending balance

for finished goods inventory:-

begining inventory 14000 + 306000 costs of goods manufactured - 301000 costs of goods sold

= 14000+306000-301000

= $19000

2. schedule for costs of goods manufactured:-

beginning inventory 30000 + purchase 125000 - ending inventory

= 30000+125000-31000

= 124000

124,000+162000 labour cost+24000

total cost of manufacturing = 310000

310000+begining wip of 45,000 - ending inventory of 49000

= 310000+45000-49000

= 306,000 costs of goods manufactured

we add this value to beginning inventory of finished goods-ending inventory

= 306000+14000-19000

= $301000 costs of goods sold

3. income statement:-

revenue of 400000 - 301000 costs of good sold = 99000

99000-36000 selling expenses

= $63000

4 0

3 years ago

Distinguish between corporate image and reputation

My name is Ann [436]

Corporate image is more about how a brand makes people feel, while reputation includes people’s perceptions of a company’s products, leadership, finances, social responsibility, and interactions with its costumers, employees, and community. Both corporate image and reputation can impact a company’s revenue and success.

7 0

3 years ago

Employee involvement and participation (eip) management is a method of management where ________.

Fittoniya [83]

It's a method where subordinates share a significant degree of decision-making power with their immediate superiors
One positive benefit of the employee involvement and participation is that companies will prepare more employees to understand the company's operational method and make more potential leaders for the company if it choose to expand in the future

7 0

3 years ago