Business
Business, 18.06.2020 01:57, travisvb

No industry has faced more competitive markets in the U. S. than textiles. The import of foreign textiles made using cheap labor has decreased profit margins for U. S. companies for years, and many have left the industry. In this discussion you will get the opportunity to "run" production operations of a textile company in a simulation scenario. Don’t be afraid of this opportunity, rather you should embrace it. This scenario illustrates the complexities typically associated with decision-making in a production department. The problems you will be faced with are complex, requiring the active involvement from multiple functional areas to fully understand the nature and scope of the problem, explore viable alternatives, commit to a solution, and then implement, monitor, and make necessary changes to achieve desired outcomes. As an operations professional, you’re responsible for executing due diligence when determining whether or not to support or put forward proposals and new ideas. These proposals can be as simple as modifying existing processes or as complex as expanding the company through "organic" or "inorganic" growth strategies. You need to be able to weigh decisions against existing realities while taking into consideration future uncertainties.
The student is to consider him or herself to be the Chief Operations Officer (COO) of Kibby and Strand, the company in the scenario. The CEO has noticed fluctuations in production under the different shift production managers during the past 6 months. The CEO has noticed fluctuations in production under the different shift production managers during the past 6 months. She wants you, the COO, to document the key factors a production manager needs to consider when scheduling production in the organization and to prepare a PowerPoint presentation to be briefed at the next production manager meeting. She wants the presentation to include possible reasons for the variations and how each can be addressed.

answer
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 22:40, gobertbrianna40
Job a3b was ordered by a customer on september 25. during the month of september, jaycee corporation requisitioned $2,400 of direct materials and used $3,900 of direct labor. the job was not finished by the end of the month, but needed an additional $2,900 of direct materials in october and additional direct labor of $6,400 to finish the job. the company applies overhead at the end of each month at a rate of 100% of the direct labor cost. what is the amount of job costs added to work in process inventory during october?
Answers: 3
image
Business, 22.06.2019 08:30, rajenkins79
Kiona co. set up a petty cash fund for payments of small amounts. the following transactions involving the petty cash fund occurred in may (the last month of the company's fiscal year). may 1 prepared a company check for $350 to establish the petty cash fund. 15 prepared a company check to replenish the fund for the following expenditures made since may 1. a. paid $109.20 for janitorial services. b. paid $89.15 for miscellaneous expenses. c. paid postage expenses of $60.90. d. paid $80.01 to the county gazette (the local newspaper) for an advertisement. e. counted $26.84 remaining in the petty cashbox. 16 prepared a company check for $200 to increase the fund to $550. 31 the petty cashier reports that $380.27 cash remains in the fund. a company check is drawn to replenish the fund for the following expenditures made since may 15. f. paid postage expenses of $59.10. g. reimbursed the office manager for business mileage, $47.05. h. paid $48.58 to deliver merchandise to a customer, terms fob destination. 31 the company decides that the may 16 increase in the fund was too large. it reduces the fund by $50, leaving a total of $500.
Answers: 1
image
Business, 22.06.2019 13:40, allytrujillo20oy0dib
Randall's, inc. has 20,000 shares of stock outstanding with a par value of $1.00 per share. the market value is $12 per share. the balance sheet shows $42,000 in the capital in excess of par account, $20,000 in the common stock account, and $50,500 in the retained earnings account. the firm just announced a 5 percent (small) stock dividend. what will the balance in the retained earnings account be after the dividend?
Answers: 1
image
Business, 22.06.2019 21:00, nasrah
Dozier company produced and sold 1,000 units during its first month of operations. it reported the following costs and expenses for the month: direct materials $ 69,000 direct labor $ 35,000 variable manufacturing overhead $ 15,000 fixed manufacturing overhead 28,000 total manufacturing overhead $ 43,000 variable selling expense $ 12,000 fixed selling expense 18,000 total selling expense $ 30,000 variable administrative expense $ 4,000 fixed administrative expense 25,000 total administrative expense $ 29,000 required: 1. with respect to cost classifications for preparing financial statements: a. what is the total product cost
Answers: 2
Do you know the correct answer?
No industry has faced more competitive markets in the U. S. than textiles. The import of foreign tex...

Questions in other subjects:

Konu
Advanced Placement (AP), 22.06.2021 01:00
Konu
Mathematics, 22.06.2021 01:00