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Group, important to the concepts we are studying this week is processes and process types. One particular business process is called value-added. It's a focus on literally adding value to the customer in every action that's taken. It's amazing how many processes and actions that take place within the average organization that do NOT add value to the customer. In many management and even accounting courses I teach we talk about value-added activities and non-value-added activities. Much of what we do doesn't add direct value to the customer. For example - purchasing - doesn't add value. The customer can't see, touch, or use the purchasing process of our company. :) We couldn't make their product without it, but it doesn't add direct value the customer can see. The production team, however, adds direct value in assembling the product in an efficient and high quality manner. You get the point.
Group, can you identify an action where you work that you don't feel adds direct value to your customer?
Belleview ltd is the parent company holding 80 percent interest in the James Hardy ltd. For each of the following independent cases, provide adjusting entries necessary to eliminate the effect of intragroup transaction at 30 June 2016: Belleview is d..
Compute the budgeted fixed cost per labor hour for the fixed overhead separately for each plant and compute the variable overhead spending variance and the variable overhead efficiency variance separately for each plant.
Manufacturing and selling the product required $ 200,000 of fixed manufacturing costs and $ 325,000 of fixed selling and administrative costs.
jan martinelli a junior in college has been seeking ways to earn extra spending money. as an active sports enthusiast.
What does it cost Pop's to produce and sell one more hamburger? Attached is the answer you gave me on the costs breakdown
freedom of speech and expression are fundamental human rights that are protected under the u.s. constitution.commonly
Give three examples of product cost definitions. Why do we need different product cost definitions? Identify the three cost elements that determine the cost of making a product (for external reporting).
Prepare a revised operating budget for the fourth quarter for the Clark Services. This revised budget will be presented by Dick Smyth to General Service Industries.
What are the roles of individuals in the above scenarios? Are they managers, leaders, or both? What distinguishes management from the leadership and managers from leaders? The nature of relationship between leadership and management remains a top..
What is the goal of the EOQ model and why does a firm hold "safety stock? and what costs are a firm trying to balance when it decides on how much safety stock to hold?
Review the Standard costs: wake up and smell the coffee. article. When evaluating performance, many organizations compare current results with the actual results of previous accounting periods. Is an organization that follows this approach likely ..
Indiana Corporation produces a single product that it sells for $9 per unit. During the first year of operations, 100,000 units were produced, and 90,000 units were sold.
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