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3 years ago

What do you mean by quality control ? Discuss the need for controlling quality of goods and services ?

Business

1 answer:

swat323 years ago

4 0

Answer:

Explanation:

Quality control can be defined as a process by which a manufacturer or producer maintains the standard or quality of it's product.

This is to ensure that quality of the product is maintained over time and also gives room for improvement.

The need for controlling quality of goods and services:

1. It is to ensure the quality of the product does not depreciate over time.

2. To ensure little or not error is made during production process.

3. Quality control is done to ensure a great customer satisfaction.

4. It also helps to increase consumers confidence in a product.

5. Quality control gives room for improvement on the quality of a product.

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Ziegler Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the

irga5000 [103]

Answer:

Variable cost per unit = $42 per unit

Total fixed cost = $107,730

Total cost for 1,300 units = $162,330

Explanation:

Mathematically;

Variable cost per unit=[Total cost at highest level-Total cost at lowest level]/(Highest level-Lowest level)

From the question;

Total cost at highest level = 223,440

Total cost at lowest level = 143,640

Highest level = 2755

lowest level = 855

Substituting these values, we have;

Variable cost per unit = (223,440-143,640)/(2755-855) = 79,800/1900 = $42 per unit

Fixed costs = Total cost at highest level- ( variable cost per unit * units produced at highest level) = 223,440-(42 * 2755) = 107,730

Total cost for 1,300 units

Total cost = Fixed cost + Variable cost per unit(number of units)

= $107,730 + 42(1,300) = $162,330

5 0

3 years ago

Professional standards are achieved through _____________.

zvonat [6]

Answer:

The correct answer is Habitual Practice

Explanation:

7 0

3 years ago

What’s going on here? As soon as Dewey Cheatum and Howe Motors increase the prices on their SUVs, then so does their only compet

IceJOKER [234]

Answer: The answer is oligopolistic competition

Explanation:

Price can be defined as the amount of money for which a goods or services is been offered for sale by the sellers of the goods. It is a sum of money at which the seller and the buyer agrees to exchange a goods or services. The price of a product or services usually shows the cost of the product and the quality of a product or services been offered for sale by the sellers. When a business set a price for their products or services they usually takes into consideration factors such as survival, profit maximization, return on their investment, market share, and the business prestige.

The strategy of setting the same price with your competitors is called oligopolistic competition. In this case, if one competitor wants to be ahead of other competitors in the market, then such a competitor has to include in their product features that will not be found in the product of their competitors, through this process such a competitor would be ahead of their competitors in the market by having the larger share of the market.

7 0

3 years ago

Pathways Careers, Inc. has two productslong dashResume Reader and Cover Letter Cure. Financial data for both the products foll

Serga [27]

Answer:

Option (D) is correct.

Explanation:

Given that,

Willow had a sales mix of 60% Resume Reader and 40% Cover Letter Cure.

Each sales representative sold = 1,400 units

Contribution margin from the sale of Resume Reader:

= Sales revenue - Variable manufacturing costs - Sales commission

= (1,400 × $500 × 60%) - (1,400 × $300 × 60%) - (1,400 × $500 × 60% × 7%)

= $420,000 - $252,000 - $29,400

= $138,600

Contribution margin from the sale of Cover Letter Cure:

= Sales revenue - Variable manufacturing costs - Sales commission

= (1,400 × $1,000 × 40%) - (1,400 × $650 × 40%) - (1,400 × $1,000 × 40% × 5%)

= $560,000 - $364,000 - $28,000

= $168,000

Therefore, the total contribution to company profits is as follows:

= Contribution margin from the sale of Resume Reader + Contribution margin from the sale of Cover Letter Cure

= $138,600 + $168,000

= $306,600

4 0

3 years ago

Consider the following statements regarding Company A and Company B:The two companies have identical operating results but have

Natalija [7]

Answer:

A. A only

Explanation:

U.S. Generally Accepted Accounting Principles (GAAP) does not allow property, plant, and equipment to be written up or revalued. If the fair value of PP&E falls below the book value and the amount is material then a company must write down the asset to fair value.

Since under US GAAP, once PPE is written, it can not be reversed. as Company B is indicated to have reversed the write down while company A did not. It therefore means that Company A only is reporting under US GAAP.

7 0

4 years ago