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Lyrx [107]
3 years ago
7

Which management program aims to reduce manufacturing defects to only 3.4 per million? reengineering total quality management ma

nagement by objectives six sigma strategic planning?
Business
1 answer:
belka [17]3 years ago
5 0
The correct answer is SIX SIGMA. Six sigma is a discipline top down approach to quality management; it is made up of four stages which are: measure, analyse, improve and control. It is also a data oriented approach which makes use of various statistical tools and data for managerial decision making.
You might be interested in
Direct Labor Variances Glacier Bicycle Company manufactures commuter bicycles from recycled materials. The following data for Oc
Viktor [21]

Answer:

Labor Efficiency Variance=268 Unfavorable

Labor Rate Variance= $ 150 Favorable

Total Direct Labor Cost Variance= $ 118

Work In Process $ 6432 debit

Explanation:

Glacier Bicycle Company

Quantity of direct labor used 500 hrs.

Actual rate for direct labor $13.10 per hr.

Standard direct labor per bicycle 2 hrs.

Standard rate for direct labor $13.40 per hr

The labor efficiency variance= (Standard Hours allowed  * standard labor Rate )- (  Actual Hours  * standard labor Rate )

Labor Efficiency Variance= (SH* SR)- (AH*SR)

Labor Efficiency Variance= ( 2* 240 *13.4) - (500* 13.4)

Labor Efficiency Variance= ( 480*13.4) - (500* 13.4)

Labor Efficiency Variance= $ 6432- $ 6700= 268 Unfavorable

Labor Rate Variance= (actual hours * actual rate) - (actual hours* standard rate)

Labor Rate Variance= ( 500 *13.1) - (500*13.4)= 6550-6700= $ 150 Favorable

Total Direct Labor Cost Variance=  Labor Efficiency Variance + Labor Rate Variance

Total Direct Labor Cost Variance= 268 Unfavorable +$ 150 Favorable

Total Direct Labor Cost Variance= $ 118

Work In Process $ 6432 debit

Labor Efficiency Variance  268 Unfavorable debit

Labor Rate Variance$ 150 Favorable credit

Accrued Payroll $ 6550 credit

5 0
3 years ago
On January 1, 2021 Rastell Co signed a long term finance lease for an office building. The terms of the lease required Rastall t
Alinara [238K]

Answer:

$145,726

Explanation:

Note: <em>The options to this question belongs to another question entirely and that is attached as picture. So, the correct answer is not among the 4 options</em>

Interest expense = Present value of lease payment * Interest rate

Interest expense = $151,146 * 7%

Interest expense = $10,580.22

Particulars                                                                           Amount

Present value of lease payment                                       $151,146

Add: Interest expense                                                       $10.580

Less: Annual Payments                                                     <u>($16,000)</u>

Lease Payable on December 31, 2021 Balance Sheet  <u>$145,726</u>

7 0
3 years ago
James Corporation owns 80 percent of Carl Corporation's common stock. During October, Carl sold merchandise to James for $205,00
lana66690 [7]

Answer:

$35,143

Explanation:

Step 1 : Determine the value of Ending Inventory

Ending Inventory = $205,000 x 60 %

                              = $123,000

Step 2 : Determine the amount of unrealized profit in inventory

The Subsidiary (Carl Corporation) sold inventory to Parent (James Corporation).

James Corporation is the Parent of a Group since its owns more than 50% of voting rights of Carl Corporation

We use the gross profit percentage of the seller to determine the unrealized profit in inventory which is 40%.

Unrealized profit in inventory = 40/140 x $123,000

                                                   = $35,143

Conclusion :

The amount of intra-entity gross profit in inventory at December 31 that should be eliminated in the consolidation process is $35,143.

7 0
3 years ago
Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, th
DerKrebs [107]

Answer:

Allocated overhead= $173,137.5

Explanation:

Giving the following information:

Estimated overhead= $243,000

Estimated direct-labor hours= 8,000

Actual direct labor-hours were 5,700.

First, we need to calculate the predetermined overhead rate:

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

Predetermined manufacturing overhead rate= 243,000/8,000

Predetermined manufacturing overhead rate= $30.375 per direct labor hour

Now, we can allocate overhead based on actual direct labor hours:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated overhead= 30.375*5,700= $173,137.5

8 0
3 years ago
Perform online research and find the formula for calculating compound interest. If Mr. John Chrystal invests $6,000 today (Prese
Murrr4er [49]

Answer:

It is 7,816.79

Explanation:

joemama10110101

7 0
3 years ago
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