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For proper inventory control standardization of materials and products as well as simplification of the production line is necessary standardization refers to limiting of a production line to define types sizes and characteristics which are considered to be standard by which a comparison on evaluation can be made. Specification for components should also be fixed. it will ensure the quality or products manufactures. Simplification in inventories refers to the elimination of excess types and sizes of items. It leads to reduction in inventories and carrying cost.
WHAT IS THE LIMITATION OF PROFITS AND LOSS CONTROL
According to perter F. Drucker Reengineering is new and it has to be done. The tasks experts agree upon to successfully perform BPR can be grouped into seven steps or p
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FIXED COST=40000, VARIABLE COST=20 PER UNIT, SELLING PRICE=100 PER UNIT. TURNOVER REQUIRED FOR A PROFIT OF RS.30000
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