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Tresset [83]
2 years ago
8

A type of production that yields customized products or services for each customer is called

Business
1 answer:
victus00 [196]2 years ago
5 0

Answer:

b. Job order production.

Explanation:

Job order production is the process of manufacturing non-standard or unique products for specific customers. Sometimes making a job order production is also called making a work order or making it an individual order, because each order or work is an order placed by the customer. In most cases, custom jobs are created only once. Many manufacturers specialize in mass production of custom products. Buyers come to the manufacturer with a special design or product, and the manufacturer develops and creates an individual product.

A customer-oriented production puts customer satisfaction at the center of each of its business decisions. Customer focus is defined as an approach to sales and customer relations, in which employees focus on helping customers meet their long-term needs and desires. Here, management and employees coordinate their individual and team goals in order to satisfy and retain customers. This contrasts, in particular, with a focus on sales, which is a strategic approach when the needs and desires of a company or seller are evaluated in relation to the client.

Just in Time production is an inventory strategy developed to increase production and productivity. All production processes (in-progress cost) and the type of production taking into consideration the time criteria in order to minimize the associated sub-costs are derived from the Japanese Kanban system. During production, it determines the order of work by considering the production of the next process. This strategy, which states that the order level is reached in the storage process and that the order must be met after this point, provides the most efficient storage volume and production continuity. In short, just in time, the demand is to produce as soon as possible with excellent quality and transport it to the right place at any time.

Job lot production is a production futures contract whose trading volume is below the level required by normal operations. These contracts or lots are available to add liquidity to futures exchanges by allowing smaller "participants" to enter the market.

Process production is a system from production in which a product goes through several processes or stages from production, which will be operated on a more continuous basis; for example, in oil refineries and petrochemical plants, where these processes include liquid or semi-solid materials. In the production of the main product, they say, gasoline, from such in the production process, by-products such as tar or creosote can inevitably arise.

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Your total medical expenses, including premiums, must surpass 7.5 percent of your adjusted gross income to be deductible.

In this case, take his AGI and multiply by 7.5%. subtract that amount from the total medical expenses and you will have the amount that is deductible from his taxes.

3 0
2 years ago
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Exercise 9-6 Percent of sales method; write-off LO P3 At year-end (December 31), Chan Company estimates its bad debts as 1% of i
Mama L [17]

Answer:

Explanation:

The journal entries are shown below:

On December 31:

Bad debt expense A/c Dr $4,875          ($487,500 × 1%)

        To Allowance for Doubtful debts A/c $4,875

(Being bad debt expense is recorded)

On February 1:

Allowance for doubtful accounts A/c $580

        To Accounts receivable A/c Dr  $580

(Being the uncollectible amount is recorded)

On June 5:

Accounts receivable A/c Dr  $580

     To Allowance for doubtful accounts A/c $580

(Being allowance for doubtful accounts is recorded)

On June 5:

Cash A/c Dr $580

     To Accounts receivable A/c Dr  $580

(Being the amount received)

We assume the first entry is recorded on December 31

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2 years ago
The Kelsh Company has two divisions--North and South. The divisions have the following revenues and expenses: Total North South
gizmo_the_mogwai [7]

Answer:

The correct answer is C that is $(140,000)

Explanation:

Elimination of the North Division will result in the overall net income or loss which is computed as:

Elimination of the North Division will result in the overall net income or loss = South Net Income (NI) - North's allocated costs

where

South Net Income is $100,000

North's allocated costs is $240,000

So,

= $100,000 - $240,000

= $(140,000)

Therefore, it will result in loss of $140,000

Note: The Net Income will be decline or decrease by $240,000 when the division was dropped.

4 0
2 years ago
On January 1, 2017, Dagwood Company purchased at par 6% bonds having a maturity value of $300,000. They are dated January 1, 201
statuscvo [17]

Answer:

Dagwood bonds receivables   300,000 debit

                             Cash                              300,000 credit

--to record purchase of bonds--

Interest receivables                     18,000 debit

           Interest revenue                               18,000 credit

--to record accrued interest on dagwood bonds--

Cash                                              18,000 debit

         Interest receivables                            18,000 credit

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Explanation:

as the bonds are purchased at par we pay for the same as the face value

interest for the year

principal x rate

300,000 x 6% = 18,000

at December 31th the interest are receivables as we didn't collect the cash yet

Then, on january first, we receive the cash and write-off the receivables

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Which of the following is an unintended consequence of the rise of the primary and caucus system? Question 3 options:
Andre45 [30]

Answer:

a. Sometimes candidates unpopular with the party leadership reach the top.

Explanation:

Under the primary system there is voting on the ballots which is secret in nature and under the caucus system people vote after listening to the individual nominees and then accordingly to the candidate they like.

In this manner, the candidates who are not even belonging to some recognized or popular parties are in leadership as their individual speech is too alluring to the people present for voting that they vote for that specific candidate.

Thus, the correct answer is:

Statement a.

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2 years ago
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