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maw [93]
3 years ago
7

Describe the philosophical differences between inspection, prevention, quality, quality control, statistical quality control, st

atistical process control, total quality management, and continuous improvement.
Business
1 answer:
Darya [45]3 years ago
6 0

<u>Explanation:</u>

Consider the following differences in definitions of the terms:

  1. Inspection is often defined as the act of finding defects in the already completed products.
  2. Prevention, on the other hand, is the process of preventing defects or errors in the products. One advantage of the prevention process over inspection is that errors are detected <em>before </em>the products are completed; leading to better product performance.
  3. Quality simply refers to the visible properties of the product. It can either be 'good quality' or 'bad quality' the product.
  4. Quality Control involves a detail step of inspection and product specifications in other to achieve the best quality in the mind of the customer.
  5. Statistical quality control (SQC), is a method used to monitor the quality of products produced so that they do not have variations in the quality of produced products.
  6. Statistical Process Control (SPC) on the other hand, is a method used to control how the production processes are done, in other to identify any defect in the product or service beforehand. By means of the SPC method, losses arising from a poor production process can be reduced.
  7. Total Quality Management (TQM) is a method that obligates the company to offer the best quality products or services to its customers.
  8. Continuous Improvement (CI) is concerned with continuous product and service improvement. Here, the company's top level management makes it a goal to constantly and continuously improve the production process.
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Sales total $320,000 when variable costs total $200,000 and fixed costs total $60,000. the sales volume is 5,000 units. the brea
sesenic [268]

Income Total $320,000 whilst variable expenses overall $2 hundred,000 and glued prices general $60,000. the sales volume is 5,000 gadgets. the breakeven point in income bucks is Sale 200000$

   

working

sale=400000$

VC= 300000$

Contribution=one hundred thousand/0.25

Contribution % to sales is 25%

BEP= Contribution = FC

FC=50000

Contribution % to sales is 25%

assume Sale is = X$ then

BEP= Contribution = FC

BEP= 25% of X$ = 50000$

X = 50000$/25%

X = 200000

The breakeven point is the point at which overall value and general sales are the same, meaning there's no loss or benefit to your small enterprise. In other words, you have reached the extent of production at which the charges of production equal the sales for a product.

The breakeven point in economics, business—and mainly price accounting—is the factor at which overall cost and overall revenue are the same, i.e. "even". there's no net loss or gain, and one has "broken even", even though possibility expenses have been paid and capital has received the risk-adjusted, expected return. This discernment is crucial as it's the most effective manner for an enterprise to decide if what it costs for its products and services will cover what it charges to make the products or provide the one's offerings.

Learn more about the breakeven point here: brainly.com/question/21137380

#SPJ4

8 0
1 year ago
Eduardo has always wanted to operate his own fast food restaurant but he knows the high failure rate of restaurants. To increase
telo118 [61]

Answer:

buying a franchise of a well-established restaurant.

Explanation:

A franchise business model is a business arrangement where the owner or 'franchisor' sells the rights of a business to ' franchisee' who operates an independent outlet.  The rights that a franchisee acquires include business name, logo,  business and operating models.  Examples of known franchises are MacDonald,  subway, and Starbucks.

The biggest advantage Eduardo will gain by purchasing a franchise is that he will get instant access to a well-established brand name.  Eduardo does not need to spend resources on creating a name, or products to introduce to customers. An established franchise will provide him with customers,  a management model, and a chance to succeed.

4 0
3 years ago
During December, the production department of a process operations system completed and transferred to finished goods a total of
kati45 [8]

Answer:

$3 per unit

Explanation:

The computation of the direct materials cost per equivalent unit is shown below:

Completed and transferred to finished goods  65,000 units  

Equivalent number of additional units in process 15000 units

Beginning inventory material cost $57,500

Direct material cost incurred $183,000

Total direct material cost $240,500 ($57,500 + $183,000)

ANd, the total units is  80,000 (65,000 + 15,000)

So, the direct material cost per equivalent unit is

= $240,500 ÷ 80,000 units

= $3 per unit

3 0
2 years ago
A firm will exit a competitive market when A. costs force the marginal cost curve to shift to the left. B. the longrun profit wo
kakasveta [241]

Answer:

B. the longrun profit would be negative.

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

A firm would shut down in the short run if price is less than average variable cost and exit if it  is making a loss

4 0
3 years ago
The Morrow Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed
Iteru [2.4K]

Answer:

$39,800

Explanation:

From the question above Morrow company has decided to use the measuring cost function method to find its total cost

- $68,400 is the highest cost and $37,600 is the lowest cost

- 6,000 is the highest number of hours and 3,200 is the lowest

The first step is to calculate the cost driver. Let's use the alphabet c to represent the cost driver

(68,400-37,600) / (6,000-3,200)

c = 30,800/2,800

c= $11

Cost driver= $11

The next step is to find the fixed cost. Let's use the alphabet f to represent the fixed cost

68,400= f + ( 11×6000)

68,400= f + 66,000

f= 68,400-66,000

f= $2,400

Fixed cost= $2,400

The final step is to calculate the cost function

Cost function= fixed costs+variable costs×number of units

Fixed cost= $2,400

Variable cost= $11

Number of units= 3,400 hours

= 2,400+(11×3,400)

= 2,400+ 37,400

= $39,800

Hence the total cost at an operating level of 3,400 hours is $39,800

3 0
3 years ago
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