Answer:
A mix hedge reduces levels of expensive FG inventory while slightly increasing component inventories.
A mix hedge is a planning technique which supports increased production flexibility
Explanation:
Hedging inventory implies a level of inventory that is kept to shield against unexpected event such as breakdown of machines,strikes,surge in demand for product or non-availability of raw materials due to disruption in supplier's business.
However, mix hedge is required to ensure the right of mix of inventories at every point in time so as to avoid investing more than required resources in inventory by keeping low volume of expensive items of inventory and at the same time increasing the number of inventories kept overall,such that risk associated with inventory can be shared by a number of items of inventory instead of a single line of inventory.
Answer:
Promote your service
Know what to charge
Follow up your work
Be professional in your approach
Know the law
On edge 100% exact wording from the source
Explanation:
<span>While tqm has several goals, six sigma is about: Reducing defects
TQM method is mainly used to keep any potential error during the manufacturing process to the bare minimum by planning multi steps of check up throughout the entire manufacturing process and eliminating existing failed products.
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Answer:
price variance 3,940 U
quantity variance 2,800 F
Explanation:
DIRECT MATERIALS VARIANCES
std cost $7.00
actual cost $7.10
quantity 39,400
difference $(0.10)
price variance $(3,940.00)
The difference between std cost and actual cost is negative, we purchased at a higher cost. the variance is unfavorable.
std quantity 39,000.00 (7,800 manufactured units x 5 lbs per unit)
actual quantity 39,400.00
std cost $ 7.00
difference -400.00
quantity variance $ (2,800.00)
We used more lbs than our standard for the output. This means we are not efficient in the use of materials. this variance is unfavorable as well
Answer:
The time horizon as in the long run the consumer can change their consumer preferences and adjust to change in price for the goods
Explanation:
At the first moment, Lola demand for gasoline is inelastic as it cannot avoid the cost to moving to his workplace.
As time passes the demand canrespond and adjust to the new information givne by the market/price system
Lola moves to a closer home and finds a solution that wasn't viable in the short run.
