Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
This case study was carried on Total Quality Management (TQM) implementation in an auto company. The XYZ auto company produces auto parts and components to large scale auto companies producing the various automotive vehicles. XYZ Auto Company is the best and tier one supplier to about 3 companies and their branches located in different places. This XYZ auto company is already an ISO 9000 certified company and planning to implement the TQM philosophy and best practicing TQM tools and techniques in the company. The top management already identified a quality team comprising of senior members from the different departments including design, marketing, HR, production, purchase, suppliers, industrial engineering and quality control; the team is called the TQM implementation team.
Problem 1: Explain the roles of the following elements of TQM and how they can contribute to a model framework that will lead to the achievement of desirable outcomes:
i) Manufacturing process management
ii) Top management support
iii) Customer satisfaction
iv) Supplier quality improvement
Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.
Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.
Prepare a master budget for the three-month period.
Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
Evaluate the Predetermined Overhead Rate
Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.
Complete the schedule to compute the pool rates for the different activities.
Prepare Company financial statements
This individual assignment is based on the TerraCycle Inc.
Discuss the ethical issues
Calculate the GDP in Income Approach and Expenditure Approach
A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd