Answer:
True
Explanation:
As in the lean philosophy the production is based on specific customer demands, there are chances that when the order is received then the inventory required is not present and that the inventory is not held in hand.
Whereas in the traditional philosophy the production is based on the principle of budgets and sales forecast, accordingly the sales keeps on moving and the inventory is also held in hand prior to confirmation of order from customers.
Since there is no planning before the order is received from customers under lean, in emergency cases, or scarcity of resources, the inventory will fall short, and acquisition of inventory would not be easy.
Answer:
c. Sparkling water, evening wine tasting, four-star hotel restaurant
Explanation:
The scratch list in general includes a series of services that are provided by a Hotel (the Boston Hotel). Because of the items included in the list, it seems that the Hotel is quite fancy.
Numeral c would be a good addition to the scratch list, because it lists items that would fall in place for the type of Hotel being described: sparking water, evening wine tasting, and a the mention of a four-star hotel restaurant.
Answer:
10.16 gallons of gas
Explanation:
To be exact, a US gallon contains 3.78541 liters.
So a gallon of gasoline contains 3.78541 liters of gasoline, which means that one gallon of gasoline costs 1.30€ x 3.78541 = 4.92€
If the visitor has 50€, he/she can purchase 50€/4.92€ = 10.16 gallons of gas
*Only the US, Myanmar and Liberia use the imperial system of measurement (e.g. miles, yards, feet, gallons, quarts, etc.) while the rest of the world uses the metric system (e.g. meters, kilometers, liters, etc.). But the US was one of the first countries in the world to formally adopt the metric system (since the 19th century), but the change was not mandatory, so most people continued to use the imperial system as part of the culture.
Answer:
By producing the starters the company will save $20,000 per year.
Explanation:
production costs
direct materials $3.10 per unit
direct labor $2.70 per unit
supervision $60,000
depreciation $40,000
variable manufacturing overhead $0.60 per unit
rent $12,000
total production cost $9.20 per unit
The engineer is wrong because he is considering fixed costs like depreciation and rent that should not be included because they are independent on whether this project is approved or not. Once you take away depreciation and rent, the cost per unit will fall by $1.30 [= ($40,000 + $12,000) / 40,000 units].
Since the production cost = $9.20 - $1.30 = $7.90, which is lower than $8.40 which is the purchase cost, the company should start producing the starters at least until its sales bonce back.
By producing the starters the company will save ($8.40 - $7.90) x 40,000 units = $20,000 per year
