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Mila [183]
2 years ago
13

What suggestions do you have for Sabina about working with suppliers, and how would you address the sourcing issue from the Chin

ese supplier based on Lean principles? 2. What should Sabina do about reorganizing the work environment? Should any layout changes be made, and how do you think they should be implemented? 3. How would you address the issue of equipment setup? How would you proceed? 4. What other suggestions would you offer Sabina to improve the operation of this company? In what order should these changes be made? 5. Describe the organizational culture of Lean. How can Sabina promote this at Buckeye?
Business
1 answer:
SIZIF [17.4K]2 years ago
8 0

The suppliers need to be informed well in advance that Lean implementation needs to take place at a date in the near future.Keeping in mind the lead time of the transistors and the inventory requirement the company should place the order for the transistor ahead of 2 months time span

Explanation:

1.<u> What suggestions do you have for Sabina about working with suppliers and how would you address the sourcing issue from the Chinese supplier based on Lean principles? </u>

The suppliers need to be informed well in advance that Lean implementation needs to take place at a date in the near future.Keeping in mind the lead time of the transistors and the inventory requirement the company should place the order for the transistor ahead of 2 months time span

<u>What should Sabina do about reorganizing the work environment? Should any layout changes be made and how do you think they should be implemented? </u>

The changes in the machinery setting is going to consume a lot of time .Sabina noticed that the layout design was based on the function rather the layout should be designed on the basis of the production flow and not on the functions.By adopting to lean six sigma these functions can be implemented

<u>How would you address the issue of equipment setup? How would you proceed? </u>

<u> </u>

By Implementing  Lean Six Sigma to identify the process that is leading to excessive  wastage and then we need to evaluate  the process of  plant loading  in a uniform manner.

<u>What other suggestions would you offer Sabina to improve the operation of this company? In what order should these changes be made? </u>

The  steps for a Lean Six Sigma needs to be adopted:

Step 1 – The values need to be defined jointly

Step 2 – An analysis  of the supply chain capabilities of the organization needs to be done.

Step 3 – Identification of the important financial and operational metrics

Step 4 – Understand the need for system improvement and then how it System needs  be executed

<u>Describe the organizational culture of Lean. How can Sabina promote this at Buckeye? </u>

All the  employees should be  involved(i.e the  suppliers, operations, and logistics. Also all the people need to be treated equally and with respect,.

 

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Question 2: Now, you do the math: Tell us if you can afford the apartment using the details below. Your gross paycheck is $2100
Luden [163]
Yes you will be able to afford your monthly payment 20+20=40+10=50+60=110+650 will be 760 out of 2100 so yes you can afford it
6 0
2 years ago
Whitman Company has just completed its first year of operations. The company’s absorption costing income statement for the year
SSSSS [86.1K]

Answer:

1. Preparing Contribution Income statement

Sales = 40,000 units X $42.60 =                                                $1,704,000

Less: Variable Costs

Direct Material = $11 X 40,000 =                                 $440,000

Direct Labor = $3 X 40,000 =                                      $120,000

Variable Manufacturing Overhead = $3 X 40,000 = $120,000

Variable Selling Expenses = $4 X 40,000 =                $160,000

Total Variable Costs =                                                                    ($840,000)

Contribution Margin =                                                                      $864,000

Less: Fixed Costs

Selling & Administrative =                                           $300,000

Manufacturing Overheads =                                       $196,000

Total Fixed Cost =                                                                           ($496,000)

Net Operating Income =                                                                  $368,000

2. Now we have net income as per Contribution statement = $368,000 and net income as per Absorption Costing = $404,000

This difference is because of Fixed Manufacturing Overheads

Under Absorption costing Fixed Manufacturing Overheads charged = $196,000  ÷ 49,000 units = $4 per unit X 40,000 units = $160,000 whereas in contribution statement it is charged fully.

Under absorption costing even fixed costs are charged based on the number of units produced, whereas in income statement is it charged completely irrespective of the units produced as that value is fixed and cannot be avoided on per unit basis.

Difference = $404,000 - $368,000 = $36,000

Manufacturing cost for 9,000 units (49,000 - 40,000) = at the rate of $4 = $36,000

In case cost of fixed manufacturing overhead is reduced by $36,000 then profit will be increased to $368,000 + $36,000 = $404,000 same as of absorption costing.

7 0
2 years ago
Glenville Company has the following information for April: Cost of direct materials used in production $280,000 Direct labor 324
ankoles [38]

Answer:

Part 1 . Determine the cost of goods manufactured

Direct materials                                                                        $280,000

Direct labor                                                                               $324,000

Factory overhead                                                                     $188,900

Add Opening Stock of Work In Progress Inventory              $72,300

Less Closing Stock of Work In Progress Inventory                 $76,800

Cost of Goods Manufactured                                                  $788,700

Therefore cost of goods manufactured is $788,700

Part 2 . Statement of Cost of Goods Manufactured

Opening Stock of Finished Goods Inventory                            39,600

Add Cost of Goods Manufactured                                             788,700      

Less Closing Stock of Finished Goods                                       (41,200)

Cost of Goods Manufactured                                                       787100

Explanation:

Part 1 . Determine the cost of goods manufactured

This is a calculation of all Overheads Incurred in the  Manufacturing process

Part 2 . Statement of Cost of Goods Manufactured

It is Important to note that Glenville Company is in the Manufacturing Business and their Cost of Sales cost from cost of Finished Goods.This would be the statement available for external use

5 0
2 years ago
A holder of a seller-server certificate serves an alcoholic beverage to an intoxicated person for a second time within a 12 mont
Hunter-Best [27]
According to the TABC, seller-server certification can be revoked if one is charged with breaking the laws concerning the sale of alcohol. The length of time that TABC certificate is revoked depends on the number of offenses committed within a period of 12 months. In this case, the holder made a second offence within 12 months, therefore, the holder will not be allowed to get a TABC certification again for 90 days. One is required to take some time off work since it appears he/she has a problem with breaking alcohol laws
5 0
2 years ago
A commuter bus company uses two measures of activity, routes and commuters, in the cost formulas in its budgets and performance
erastovalidia [21]

Answer:

B. $12,040 Favorable

Explanation:

We will need to calculate first the budgeted cost for bus operating costs in November, which is given by;

C = $56,880 + $2,884* F + $14* N

Where;

F = expected number of routes in the month

N = expected number of commuters in the month

From the passage, the company expected its activity in November to be 89 routes and 256 commuters; we were also informed that the budget for the bus operating costs have been prepared before the actual costs are known.

Therefore, the budgeted cost for bus operating costs in November would be ;

= $56,880 + $2,884 × 89 + $14 × 256

= $56,880 + $256,676 + $3,584

= $317,140

The spending variance for bus operating costs in November would be;

= The actual cost for bus operating costs in November - The Budgeted cost for bus operating costs in November

= $305,100 - $317,140

= $12,040 F

8 0
2 years ago
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