Reference no: EM13142685
The manufacturing manager of New Technology Company is concerned about the company's newest plant. When the plant began operations three years ago, it had the best of everything. It had modern equipment, well-trained employees, engineered work and assembly stations, and a controlled environment. During the first two years, the evaluation results were very good with almost all cost variances being favorable. However, recently, things have turned negative.
In recent months, everything seems to be operating in a crisis management mode. Although most cost variances remain favorable, the plant's segment contribution is declining and customers are complaining about poor quality and slow delivery. Several customers have suggested that they may take their business elsewhere if things do not improve.
The shop floor is in continual turmoil. In-process inventory is everywhere, production employees have difficulty finding jobs that need to be worked on, and scheduling has requested a larger computer to keep track of work in process.
The vice president of sales does not know where to begin with solving the customers' problems. It seems that everyone is working very hard and the plant has the best facilities and trained employees in the industry.
Required:
What is the nature of the plant's problems?
Topic sentence-digest information
: Topic sentence for this: public school system could teach students to digest information about subjects in the absence of tests by teaching them how to digest information.
|
Prepare entry to record farrin investment in partnership
: Prepare the entry to record Farrin's investment in the partnership, assuming the equipment has a fair market value of $5,000.
|
Par common stock outstanding
: Vincent Corporation has 100,000 shares of $100 par common stock outstanding. On June 30, Vincent Corporation declared a 5% stock dividend to be issued July 30 to stockholders of record July 15. The market price of the stock was $132 a share on Jun..
|
Explain what is the cost breakdown structure
: What is the cost breakdown structure(CBS)? What are its purposes? What is included (or excluded)? How does it relate to a work breakdown structure (WBS)?
|
Nature of the plant problems
: The manufacturing manager of New Technology Company is concerned about the company's newest plant. When the plant began operations three years ago, it had the best of everything. What is the nature of the plant's problems?
|
Probability that eight women would be laid off at random
: Compute the probability that 8 or more women would be laid off at random. Based on your answer, do you think that management really laid off these people randomly? Explain.
|
What are the total payroll taxes
: Cheatam Enterprises has a 4.2% merit rate on unemployment (top state rate is 5.4%). During the first week of the payroll tax year, Cheatam pays $20,000 in wages (no one employee earns over $7,000 during the week). What are the TOTAL payroll taxe..
|
Journal entry to record the exchange
: Prepare the journal entry to record the exchange on Smith's books, assuming the transaction has commercial substance. Prepare the journal entry to record the exchange on Smith's books, assuming the transaction does not have commercial substance.
|
Compute overhead cost per unit for each product
: Compute the overhead cost per unit for each product. Production is 700,000 units of Budget and 200,000 units of Deluxe. Round your answer to the nearest cent.
|