How would the system described abroive help to cut labor costs and make factory production more effieient?

How would the system described abroive help to cut labor costs and make factory production more effieient?
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Which of the following costs would be considered a fixed cost? A. Raw materials. B. Depreciation. C. Bad-debt losses. D. Production labor.

Description : Which of the following costs would be considered a fixed cost? A. Raw materials. B. Depreciation. C. Bad-debt losses. D. Production labor.

Last Answer : B. Depreciation.

Which three factors drive labor cost? a. Production capacity b. Wage and benefit rates c. Automation levels d. Second shift/Overtime costs e. b, c, d

Description : Which three factors drive labor cost? a. Production capacity b. Wage and benefit rates c. Automation levels d. Second shift/Overtime costs e. b, c, d

Last Answer : e. b, c, d

ncreasing a product’s reliability will result in which of the following changes to production costs? a. Lower material cost b. Higher material cost c. Higher labor costs d. Lower labor costs e. Reducing MTBF has no effect on costs of production

Description : ncreasing a product’s reliability will result in which of the following changes to production costs? a. Lower material cost b. Higher material cost c. Higher labor costs d. Lower labor costs e. Reducing MTBF has no effect on costs of production

Last Answer : b. Higher material cost

Product elimination can best be described as the process of deleting a product from the product mix when it A)is perceived as a failure by top management. B)increases production costs and decreases profits. C)no longer responds to promotional efforts. D)no longer satisfies a sufficient number of customers.

Description : Product elimination can best be described as the process of deleting a product from the product mix when it A)is perceived as a failure by top management. B)increases production costs and ... C)no longer responds to promotional efforts. D)no longer satisfies a sufficient number of customers.

Last Answer : D)no longer satisfies a sufficient number of customers.

The factory system,automobile, telephone, radio, television, space program and nuclear powerhave all at one time or another been described as a. Democratizing forces. b. Liberating forces. c. Mobilizing forces. d. Both a. and b.

Description : The factory system,automobile, telephone, radio, television, space program and nuclear powerhave all at one time or another been described as a. Democratizing forces. b. Liberating forces. c. Mobilizing forces. d. Both a. and b.

Last Answer : d. Both a. and b.

The factory system,automobile, telephone, radio, television, space program and nuclear powerhave all at one time or another been described as a. Democratizing forces. b. Liberating forces. c. Mobilizing forces. d. Both a. and b.

Description : The factory system,automobile, telephone, radio, television, space program and nuclear powerhave all at one time or another been described as a. Democratizing forces. b. Liberating forces. c. Mobilizing forces. d. Both a. and b.

Last Answer : d. Both a. and b.

What ratio of labor costs vs. material cost vs. profit does a roofing company make in an insurance claim?

Description : What ratio of labor costs vs. material cost vs. profit does a roofing company make in an insurance claim?

Last Answer : Roofers have really high workers comp rates. Often they are more than 100% of their labor costs. Liability insurance for roofers is also very high. You can probably triple the payroll just for insurances, then there’s taxes and social security. It’s not just $15 per hour plus materials.

Good style and design can do many things. What is one thing it cannot do? a. attract attention b. improve product performance improve product performance c. cut production costs d. cause unsought product reputation

Description : Good style and design can do many things. What is one thing it cannot do? a. attract attention b. improve product performance improve product performance c. cut production costs d. cause unsought product reputation

Last Answer : d. cause unsought product reputation

Cost budgeting can be best described by which of the following? 1. The process of developing the future trends along with the assessment of probabilities, uncertainties, and inflation that could occur during the project 2. The process of assembling and predicting costs of a project over its life cycle 3. The process of establishing budgets, standards, and a monitoring system by which the investment cost of the project can be measured and managed 4. The process of gathering, accumulating, analyzing, reporting, and managing the costs on an on- going basis

Description : Cost budgeting can be best described by which of the following? 1. The process of developing the future trends along with the assessment of probabilities,  uncertainties, and inflation that  could ... of gathering, accumulating, analyzing, reporting, and managing the costs on an on- going basis

Last Answer : 3. The process of establishing budgets, standards, and a monitoring system by which the  investment cost of the project can be measured and managed

If the fixed costs of a factory producing candles is Rs 20,000, selling price is Rs 30 per dozen candles and variable cost is Rs 1.5 per candle, what is the break-even quantity? (1) 20000 (2) 10000 (3) 15000 (4) 12000

Description : If the fixed costs of a factory producing candles is Rs 20,000, selling price is Rs 30 per dozen candles and variable cost is Rs 1.5 per candle, what is the break-even quantity? (1) 20000 (2) 10000 (3) 15000 (4) 12000

Last Answer : (1) 20000 Explanation: Breakeven quantity is the number of incremental units that the firm needs to sell to cover the cost of a marketing program or other type of investment. It is given by the formula: BEQ = FC / (P-VC) Where ... per unit = 30/12 = Rs. 2.5 So 20000/ (2.5-1.5) = 20000/1= Rs. 20,000

Which of the following is most likely to require special planning considerations related to asset valuation? a. Accelerated depreciation methods are used for amortizing the costs of factory equipment. b. The client has recently purchased an expensive copy machine. c. Assets costing less than P5,000 are expensed even when the expected life exceeds one year. d. Inventory is comprised of diamond rings.

Description : Which of the following is most likely to require special planning considerations related to asset valuation? a. Accelerated depreciation methods are used for amortizing the costs of factory equipment. b. ... even when the expected life exceeds one year. d. Inventory is comprised of diamond rings.

Last Answer : Inventory is comprised of diamond rings.

Overhead refers to: (a) Direct or Prime Cost (b) All Indirect costs (c) only Factory indirect costs

Description : Overhead refers to: (a) Direct or Prime Cost (b) All Indirect costs (c) only Factory indirect costs

Last Answer : (b) All Indirect costs

If a retailer orders a quantity of merchandise to be delivered to his store in Dublin and is quoted a price that does not include transport costs, the retailer is paying a price called: A)F.O.B. destination. B)F.O.B. factory. C)geographic price. D)freight absorption price. E)base -point price.

Description : If a retailer orders a quantity of merchandise to be delivered to his store in Dublin and is quoted a price that does not include transport costs, the retailer is paying a price called: A)F.O.B. destination. B)F.O.B. factory. C)geographic price. D)freight absorption price. E)base -point price.

Last Answer : B)F.O.B. factory.

If the fixed costs of a factory producing candles is Rs 20,000, selling price is Rs 30 per dozen candles and variable cost is Rs 1.5 per candle, what is the break-even quantity? (1) 20000 (2) 10000 (3) 15000 (4) 12000

Description : If the fixed costs of a factory producing candles is Rs 20,000, selling price is Rs 30 per dozen candles and variable cost is Rs 1.5 per candle, what is the break-even quantity? (1) 20000 (2) 10000 (3) 15000 (4) 12000

Last Answer : 20000

Asked about the labor and the supply costs?

Description : Asked about the labor and the supply costs?

Last Answer : your looking at about five thousand dollars. The labor on a roof job is very expensive. The shingles are the next largest price, and then the under coating. Also get about five estimates before you commit to one roofer

Which region of the United States was most associated with educated workers unionized labor and high land costs?

Description : Which region of the United States was most associated with educated workers unionized labor and high land costs?

Last Answer : The northeast

Which region of the United States was most associated with educated workers unionized labor and high land costs?

Description : Which region of the United States was most associated with educated workers unionized labor and high land costs?

Last Answer : The northeast

Which of th rather than a manufacturing firm? of the following is most likely to kely to affect the location deci on decision of a service firm a. energy and utility utility costs b. attitude attitude toward unions c. parking and access d. cost of shipping shipping finished finished goods e. labor costs

Description : Which of th rather than a manufacturing firm? of the following is most likely to kely to affect the location deci on decision of a service firm a. energy and utility utility costs b. attitude ... unions c. parking and access d. cost of shipping shipping finished finished goods e. labor costs

Last Answer : c. parking and acces

Service location decisions typically attempt to a. minimize costs b. consider global consider global implications implications c. decrease decrease labor costs d. be environmentally environmentally friendly friendly e. none of the above

Description : Service location decisions typically attempt to a. minimize costs b. consider global consider global implications implications c. decrease decrease labor costs d. be environmentally environmentally friendly friendly e. none of the above

Last Answer : e. none of the above

Investing in Channel Support Systems can a. increase demand. b. reduce R&D cycle time. c. reduce material costs. d. reduce labor costs. e. reduce administrative costs.

Description : Investing in Channel Support Systems can a. increase demand. b. reduce R&D cycle time. c. reduce material costs. d. reduce labor costs. e. reduce administrative costs.

Last Answer : a. increase demand.

Investing in Concurrent Engineering can a. reduce R&D cycle time. b. reduce labor and administrative costs. c. increase demand and reduce labor costs d. reduce R&D cycle time and increase demand.

Description : Investing in Concurrent Engineering can a. reduce R&D cycle time. b. reduce labor and administrative costs. c. increase demand and reduce labor costs d. reduce R&D cycle time and increase demand.

Last Answer : a. reduce R&D cycle time.

Investing in Quality Function Deployment Effort can a. reduce labor and administrative costs. b. increase demand and reduce labor costs. c. reduce R&D cycle time and increase demand. d. reduce R&D cycle time and enhance the effectiveness of the promo and sales Budgets. e. increase demand.

Description : Investing in Quality Function Deployment Effort can a. reduce labor and administrative costs. b. increase demand and reduce labor costs. c. reduce R&D cycle time and increase demand. d. reduce R&D cycle time and enhance the effectiveness of the promo and sales Budgets. e. increase demand.

Last Answer : d. reduce R&D cycle time and enhance the effectiveness of the promo and sales Budgets.

Labor costs are driven by three factors: a. wage and benefit rates, automation levels, and MTBF. b. wage and benefit rates, positioning, and second shift. c. wage and benefit rates, second shift, and MTBF. d. wage and benefit rates, automation levels, and second shift. e. wage and benefit rates, second shift, and material costs.

Description : Labor costs are driven by three factors: a. wage and benefit rates, automation levels, and MTBF. b. wage and benefit rates, positioning, and second shift. c. wage and benefit rates, second ... , automation levels, and second shift. e. wage and benefit rates, second shift, and material costs.

Last Answer : d. wage and benefit rates, automation levels, and second shift.

Investing in Vendor Just In Time can a. reduce material costs and R&D cycle time. b. reduce administrative costs and labor costs. c. reduce R&D cycle time and increase demand. d. reduce material costs and administrative costs. e. reduce material costs and increase demand.

Description : Investing in Vendor Just In Time can a. reduce material costs and R&D cycle time. b. reduce administrative costs and labor costs. c. reduce R&D cycle time and increase demand. d. reduce material costs and administrative costs. e. reduce material costs and increase demand.

Last Answer : d. reduce material costs and administrative costs.

Quality Initiative Training can a. increase demand. b. decrease R&D cycle time. c. decrease material costs. d. decrease labor costs. e. decrease administrative costs.

Description : Quality Initiative Training can a. increase demand. b. decrease R&D cycle time. c. decrease material costs. d. decrease labor costs. e. decrease administrative costs.

Last Answer : d. decrease labor costs.

The TQM initiative reduces material costs and labor costs. a. Concurrent Engineering (CCE)/Six Sigma b. Benchmarking c. Continuous Product Improvement systems (CPI) d. Channel Support systems e. Quality Initiative Training (QIT)

Description : The TQM initiative reduces material costs and labor costs. a. Concurrent Engineering (CCE)/Six Sigma b. Benchmarking c. Continuous Product Improvement systems (CPI) d. Channel Support systems e. Quality Initiative Training (QIT)

Last Answer : a. Concurrent Engineering (CCE)/Six Sigma

This process management initiative reduces labor costs. a. Benchmarking b. Vendor/Just-in-Time Inventory (JIT) c. Channel Support systems d. Quality Initiative Training (QIT)

Description : This process management initiative reduces labor costs. a. Benchmarking b. Vendor/Just-in-Time Inventory (JIT) c. Channel Support systems d. Quality Initiative Training (QIT)

Last Answer : d. Quality Initiative Training (QIT)

This process management initiative reduces material cost and, to a lesser degree, labor costs. a. Concurrent Engineering (CCE)/Six Sigma b. Benchmarking c. Continuous Product Improvement systems (CPI) d. Channel Support systems e. Quality Initiative Training (QIT)

Description : This process management initiative reduces material cost and, to a lesser degree, labor costs. a. Concurrent Engineering (CCE)/Six Sigma b. Benchmarking c. Continuous Product Improvement systems (CPI) d. Channel Support systems e. Quality Initiative Training (QIT)

Last Answer : c. Continuous Product Improvement systems (CPI)

Within the process management initiatives, concurrent engineering a. reduces material cost, inventors’ carrying costs and administrative overhead. b. reduces labor costs. c. increases the effectiveness of the sales budget and therefore demand. d. reduces R&D cycle time. e. none of the above.

Description : Within the process management initiatives, concurrent engineering a. reduces material cost, inventors’ carrying costs and administrative overhead. b. reduces labor costs. c. increases the effectiveness of the sales budget and therefore demand. d. reduces R&D cycle time. e. none of the above.

Last Answer : d. reduces R&D cycle time.

Within the Process Management Initiatives, channel support systems a. reduce material cost. b. reduce labor costs. c. increase demand. d. reduce R&D cycle time. e. none of the above.

Description : Within the Process Management Initiatives, channel support systems a. reduce material cost. b. reduce labor costs. c. increase demand. d. reduce R&D cycle time. e. none of the above.

Last Answer : c. increase demand.

Investing in CCE/Six Sigma can a. reduce labor and administrative costs. b. increase demand and reduce labor costs. c. reduce labor material costs. d. increase demand.

Description : Investing in CCE/Six Sigma can a. reduce labor and administrative costs. b. increase demand and reduce labor costs. c. reduce labor material costs. d. increase demand.

Last Answer : c. reduce labor material costs.

Investing in CPI can a. reduce administrative costs. b. reduce material and administrative costs. c. reduce material costs. d. reduce labor costs and reduce R&D cycle time.

Description : Investing in CPI can a. reduce administrative costs. b. reduce material and administrative costs. c. reduce material costs. d. reduce labor costs and reduce R&D cycle time.

Last Answer : c. reduce material costs.

Budgeting money to Quality initiative will lead to these outcomes except: a. decrease R&D time. b. increase Demand. c. increase Labor Costs. d. increase efficiency. e. produce administrative savings.

Description : Budgeting money to Quality initiative will lead to these outcomes except: a. decrease R&D time. b. increase Demand. c. increase Labor Costs. d. increase efficiency. e. produce administrative savings.

Last Answer : c. increase Labor Costs.

Direct material cost + direct labor cost + other variable costs is equal to… A. Contribution B. Total cost C. Marginal cost D. Sales

Description : Direct material cost + direct labor cost + other variable costs is equal to… A. Contribution B. Total cost C. Marginal cost D. Sales

Last Answer : A sales forecast is only......

Cost controls can be best described by which of the following? 1. The process of developing the future trends along with the assessment of probabilities, uncertainties, and inflation that could occur during the project 2. The process of assembling and predicting costs of a project over its life cycle 3. The process of assembling and predicting costs of a project over its life cycle 4. The process of gathering, accumulating, analyzing, reporting, and managing the costs on an on-going basis.

Description : Cost controls can be best described by which of the following? 1. The process of developing the future trends along with the assessment of probabilities,  uncertainties, and inflation that  could ... of gathering, accumulating, analyzing, reporting, and managing the costs on  an on-going basis.

Last Answer : 4. The process of gathering, accumulating, analyzing, reporting, and managing the costs on  an on-going basis.

Most common method of pre-stressing used for factory production is (A) Long line method (B) Freyssinet system (C) Magnel-Blaton system (D) Lee-Macall system

Description : Most common method of pre-stressing used for factory production is (A) Long line method (B) Freyssinet system (C) Magnel-Blaton system (D) Lee-Macall system

Last Answer : Answer: Option A

Compare Job and Batch production system with respect to: (1) Equipments (3) Investment (2) Labor (4) Examples of Products.

Description : Compare Job and Batch production system with respect to: (1) Equipments (3) Investment (2) Labor (4) Examples of Products.

Last Answer : Difference between Job and Batch Production System with respect to following parameters:

Temporary halt to iPhone 5 production due to protests in the Chinese factory against their horrific conditions. Will the world join the protest?

Description : Temporary halt to iPhone 5 production due to protests in the Chinese factory against their horrific conditions. Will the world join the protest?

Last Answer : Of course not. We’ve known about the terrible conditions in those factories for years and it hasn’t stopped the products from selling like hotcakes.

How to solve production / staff problems in a factory environment?

Description : How to solve production / staff problems in a factory environment?

Last Answer : Almost sounds like a morale issue to me-I've found sometimes this happens if the folks on the floor feel like management is against them, and so they start to stop caring. I would go less for stick ... 'll start to watch out for each other more. (* the beatings will continue until morale improves )

How do I stop my body's never-ending mucus production factory?

Description : How do I stop my body's never-ending mucus production factory?

Last Answer : I was thinking the exact same thing yesterday. I’d be extremely interested in any developments. I have a pile 2 feet high of used tissue.

How was proto-industrialisation different from factory production ? -SST 10th

Description : How was proto-industrialisation different from factory production ? -SST 10th

Last Answer : Proto-industrialisation was a decentralised method of production which was controlled by merchants and the goods were produced by a vast number of producers located in different places whereas under ... became centralised. Most of the processes were brought together under one roof and management.

Commercial production of petrol from coal (as practised in a factory at Sasol in South Africa) is done by the __________ of coal. (A) Hydrogenation (B) Gasification (C) Carbonisation (D) None of these

Description : Commercial production of petrol from coal (as practised in a factory at Sasol in South Africa) is done by the __________ of coal. (A) Hydrogenation (B) Gasification (C) Carbonisation (D) None of these

Last Answer : (A) Hydrogenation

A cane sugar factory having sugar production rate of 10 tons/day will produce about __________ tons/day of bagasse (after consumption by the factory for heating etc.). (A) 1 (B) 10 (C) 25 (D) 40

Description : A cane sugar factory having sugar production rate of 10 tons/day will produce about __________ tons/day of bagasse (after consumption by the factory for heating etc.). (A) 1 (B) 10 (C) 25 (D) 40

Last Answer : (B) 10

Factory manufacturing cost is the sum of the direct production cost (A) Fixed charges and plant overhead cost (B) And plant overhead cost (C) Plant overhead cost and administrative expenses (D) None of these

Description : Factory manufacturing cost is the sum of the direct production cost (A) Fixed charges and plant overhead cost (B) And plant overhead cost (C) Plant overhead cost and administrative expenses (D) None of these

Last Answer : (A) Fixed charges and plant overhead cost

For a small scale toy factory, the fixed cost per month is Rs. 5000/-. The variable cost per toy is Rs. 20 and sales price is Rs. 30 per toy. The break even production per month will be __________ toys. (A) 250 (B) 500 (C) 1000 (D) 3000

Description : For a small scale toy factory, the fixed cost per month is Rs. 5000/-. The variable cost per toy is Rs. 20 and sales price is Rs. 30 per toy. The break even production per month will be __________ toys. (A) 250 (B) 500 (C) 1000 (D) 3000

Last Answer : (B) 500

The cost per unit of a product manufactured in a factory amounts to Rs. 160 (75% variable) when the production is 10,000 units. When production increases by 25%, the cost of production will be Rs. per unit. (a) Rs. 145 (b) Rs. 150

Description : The cost per unit of a product manufactured in a factory amounts to Rs. 160 (75% variable) when the production is 10,000 units. When production increases by 25%, the cost of production will be Rs. per unit. (a) Rs. 145 (b) Rs. 150

Last Answer : (c) Rs. 152

Blanket overhead rate is: (a) One single overhead absorption rate for the whole factory (b) Rate which is blank or nil rate (c) rate in which multiple overhead rates are calculated for each production department, service department etc. (d) Always a machine hour rate

Description : Blanket overhead rate is: (a) One single overhead absorption rate for the whole factory (b) Rate which is blank or nil rate (c) rate in which multiple overhead rates are calculated for each production department, service  department etc. (d) Always a machine hour rate

Last Answer : One single overhead absorption rate for the whole factory

They were traditionally made from bone, quill, ivory or gold and silver, if you could afford such ostentation. Mass production is traced to the American entrepreneur Charles Forster who noticed young boys selling similar objects made of Spanish willow while travelling through Brazil. He returned to Boston in 1870 and set up a factory that used white birch as raw material because it was tasteless. What business did Forster thus begin?

Description : They were traditionally made from bone, quill, ivory or gold and silver, if you could afford such ostentation. Mass production is traced to the American entrepreneur Charles Forster who noticed young ... white birch as raw material because it was tasteless. What business did Forster thus begin?

Last Answer : Toothpicks.

A production operative at a cheese factory discovered that the slicing process could be speeded up if the machine had a certain type of arm attached. He consulted the supervisor about purchasing one. The operative would be considered the A)user B)influencer C)buyer D)decider E)gatekeeper

Description : A production operative at a cheese factory discovered that the slicing process could be speeded up if the machine had a certain type of arm attached. He consulted the supervisor about purchasing one. The operative would be considered the A)user B)influencer C)buyer D)decider E)gatekeeper

Last Answer : A)user

If the production of a factory grows at a 16% p.a., what will be its production for the year 2016 if its production in 2014 was 140 lakh tonnes? a) 222.734 b) 149.597 c) 188.384 d) 28 3.812 e) 180.534

Description : If the production of a factory grows at a 16% p.a., what will be its production for the year 2016 if its production in 2014 was 140 lakh tonnes? a) 222.734 b) 149.597 c) 188.384 d) 28 3.812 e) 180.534

Last Answer : Answer: C Required Production=140(1 + 16/100)2 lakh tones  =140(1 + 4/25)2  =140((25 + 4) /25)²  =140(29/25)²  =140(1.16)²  =140×1.3456  =188.384 lakh tonnes