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sineoko [7]
3 years ago
14

With relevant example of your choice, explain the important framework for managing operations used by production firm

Business
1 answer:
Wewaii [24]3 years ago
7 0

Answer:

An operational framework can referred to as the guide for the policies, standards, objectives, training, processes of any organization.

The means in which the business is carried out is determined by the operational framework and it promoted the culture and identity. this may also involve good governance principles and develop the values and departments within the organization. several elements are contained in a different framework.

An example is that manufacturing framework will include the choice of layouts from the different type of layout. Batch processing continuous production, and so on can be decided. the department can think of implementing the Kaizen, Six Sigma methods for the quality improvement.

Explanation:

Solution

An operational framework refers to the guide for the policies, standards, objectives, training, processes of any organization.

The way in which the business is executed is decided by the operational framework and it promoted the culture and identity. this may also integrate good governance principles and develop the values and departments within the organization. several elements are included in a different framework.

Production framework :The manufacturing organizations can adjust to the different kinds of procedures, policies, and activities in the manufacturing department.

This will involve the process of selecting the actual layout, processes to produce the products, quality management methods, and further more. This is necessary as it will have a long-lasting impact on the general future and profitability of the organization.

An example is for this is that the manufacturing framework will involve the selection of layouts from the different kind of layout. Batch processing continuous production, and so on can be decided.

The department can think of implementing the Kaizen, Six Sigma methods for the quality improvement.

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Hane Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products: Activit
dezoksy [38]

Answer:

Total allocated costs= $7,784.21

Explanation:

<u>To allocate overhead to Product U94W, we need to use the following formula:</u>

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

Assembling products=  8.90*389= $3,462.1

Processing customer orders= 31.23*53= $1,655.19

Setting up batches= 43.72*61= $2,666.92

Total allocated costs= $7,784.21

6 0
3 years ago
Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021:
nignag [31]

Aug. 1 Inventory On Hand—2,000 Units; Cost $5.70 Each.

Second sales assumed to be 7,000 units at a price of $11.40 each.

Answer:

Altira Corporation

August 2021 Ending Inventory & Cost of Goods Sold:

1. Ending Inventory = 9,000 units at $5.88 per unit = $52,920

2. Cost of goods sold =

9,600 x $5.87 = $56,352

7,000 x $5.95 =  $41,650

16,600 units   =  $98,002

Explanation:

a) Calculations:

                                         Units           Unit Cost       Total Cost

Beginning Inventory      2,000            $5.70              $11,400

Purchases                     12,000            $5.90            $70,800

Weighted average cost = ($11,400 + $70,800) / 14,000 = $5.87

Sales                             (9,600)          $12.00                               $115,200

Units remaining             4,400            $5.87             $25,828

Purchases                      7,200             $6.00            $43,200

Weighted average cost = ($25,828 + $43,200) / 11,600 = $5.95

Sales                             (7,000)            $11.40                              $79,800

Units remaining            4,600             $5.95             $27,370

Purchases                     4,400             $5.80             $25,520

Weighted average cost = ($27,370 + $25,520) / 9,000 = $5.88

Ending Inventory        9,000               $5.88             $52,920

b) The 'Average Cost Method' or the Weighted Average Cost Method assumes that the cost of inventory is based on the average cost of the goods available for sale during the period. To compute the average cost, divide the total cost of goods available for sale by the total units available for sale.

6 0
3 years ago
Substance use/abuse becomes a form of self-soothing when you feel stress or anxious
docker41 [41]
<span>It is true that substance use can make you feel self-soothing when you feel stress or anxious. When you abuse these substances, it will make you feel dependent on them because of you wanting them every day. This is the reason why abusing substances can harm your body and make you feel uncomfortable without it.</span>
5 0
3 years ago
A total-cost curve shows the relationship between the
Tanzania [10]
The answer has to be a
5 0
3 years ago
RAK Co. wants to issue new 20-year bonds for some much-needed expansion projects. The company currently has 5.7 percent coupon b
Hatshy [7]

Answer:

5.31%

Explanation:

FV = 1000

Coupon rate = 5.7%

No of compound = 2

Interest per period = $28.5

Bond price = $1048

No of years to maturity = 20

No of compounding till maturity = 40

Coupon rate set on new bonds = Rate(Nper, PMT, -PV, FV) * 2

Coupon rate set on new bonds = Rate(40, 28.5, -1048, 1000) * 2

Coupon rate set on new bonds = 0.02655 * 2

Coupon rate set on new bonds = 0.0531

Coupon rate set on new bonds = 5.31%

7 0
3 years ago
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