Answer:
This is an example of quality control
Explanation:
A production process usually involves the action of a variety of things that all perform specific functions towards a common goal, usually the production of a finished good or service. This therefor means that a type of management is needed to ensure that all these aspects are handled in such away that the set organizational needs are met. This can be broadly defined as management control. Management control involves the control and operation aspects of a production process to ensure that the organizational goals are met.
One aspect of management control that is very important in the production environment is quality control. Quality control involves the inspection of the production process and the products to determine the quality. The quality of the process and the products is usually measured against set organizational and production standards. This therefor means that if the process or the production quality falls below the standard, then the quality of the product can be said to be low while if the quality meet or surpass the standards then the quality is high.
Quality control helps companies identify areas that need to be improved, thus raising overall product value.
Answer:
New expected operatimg income is $ 45,000
Explanation:
Degree of Operating leverage =<u> %change in operating income</u>
% change in sales
2.5 =<u> % change in operating income</u>
20%
2.5 × 0.2 = % change in operating income
0.5 or 50% = % change in operating income
50% =<u> x-30,000</u>
30,000
0.5× 30,000 = x- 30,000
15,000 + 30,000 = x
$45000 = x
What is the difference between marginal values and average values? Marginal values show the additional benefit or cost from consuming an additional unit of a good, while average values are the benefit or cost per unit of a good. When finding the marginal value a marginal analysis is conducted to figure out at what value a person will receive another benefit from making another purchase or consumption of a good or service.
Answer:
Using Encryption and also digital certificate technologies
Explanation:
Encryption and digital certificate technologies could be used. The data can be encrypted before transmission. Only the intended recipient of the transmission will be able to decrypt and use it. In addition, digital certification service can also be used to ensure the authenticity of the other party. The standards for processing financial transactions quite strict enough to ensure safeguarding the interests of the card issuer, the cardholder and the merchant.
Answer:
Materials quantity variance = $2,350 F
Explanation:
Given:
Standard quantity = 3.7 kilos per unit
Standard price = $5 per kilo
Unit produced = 6,300
Total material = 23,780
Computation:
Materials quantity variance = (Actual quantity × Standard price) - (Standard quantity × Standard price)
Materials quantity variance = (23,780 × $) - (6,300 × 3.7 × $5)
Materials quantity variance = $118,900 - $116,550
Materials quantity variance = $2,350 F
