(JIT) is an integrated set of activities designed to achieve high-volume production using minimal inventories of raw materials‚ work in progress‚ and finished goods. * Parts arrive at a workstation just when they are required and move through the operation quickly. JIT works on a pull system. * Just in time is to produce and deliver finished goods just in time to be sold‚ make sub- assemblies just in time to be assembled into
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the budget of inventory has positive correlation with the forecast of the turnover. As the case concerns‚ the finance department forecast 20% growth in sales in 2010 due to a forecast cast increase in the number of orders. Consequently‚ the cost of finished goods inventory in 2010 should get 20% increase on the basis of inventory cost in 2009. Moreover‚ the increase rate of raw material inventory should be more than 20%‚ thus‚ we assume it at 25%. Furthermore‚ the cost of adding one distributor is $750
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lights/cards will be activated as follows (ask the timekeepers to activate the lights/cardboards as you indicate timelines): Green Light/Card at Yellow Light/Card at Red Light/Card at 1:00‚ 1:30‚ and 2:00 which will stay on until the speaker has finished speaking. No notice shall be
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3. | Given the following information: Raw materials inventory‚ January 1 | $ 30‚000 | Raw materials inventory‚ December 31 | 60‚000 | Work in process‚ January 1 | 27‚000 | Work in process‚ December 31 | 18‚000 | Finished goods‚ January 1 | 60‚000 | Finished goods‚ December 31 | 48‚000 | Raw materials purchases | 1‚500‚000 | Direct labor | 690‚000 | Factory utilities | 225‚000 | Indirect labor | 75‚000 | Factory depreciation | 600‚000 | Selling and administrative expenses
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“The contributions we tried to to make embodied values not only of technical excellence and innovation. Which I think we did our share of- but innovation of a more humanistic kind”- Steve Jobs. Steve Jobs changed the technical world forever. He invented many life changing things. He was a very smart and successful man. He invented many things such as the Imac or the Macbook‚ and the Iphone. Apple still continues to put out new products and dominate other tech companies. Steve Jobs’s life started
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Crushing the materials before grinding by mill makes the particle size greatly reduced ‚ thereby reducing the grinding system load ; the most direct benefit of the improvement of separator efficiency is that fine finished product be discharged in time‚ so the the rate of finished product back to the cement powder was greatly reduced and reduce the load of ball mill; the particle size into the mill was reduced‚ separator efficiency was improved‚ so both the productivity and materials quality can
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more units were established at Hyderabad Kasur‚ Sialkot‚ Multan‚ Sahiwal and Gujranwala. Starting with the production of picked and vegetable tanned hides and skins‚ the tanneries‚ today‚ are producing not only wet blue and crust‚ but also fully finished leather. The leather finishing and made ups industries represent an important sector in Pakistan‚ contributing almost more than half a billion US dollars in foreign exchange earnings to the national exchequer. The leather industry consists of six
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Chapter 2 Cost Terms‚ Concepts‚ and Classifications Learning Objectives LO1. Identify and give examples of each of the three basic manufacturing cost categories. LO2. Distinguish between product costs and period costs and give examples of each. LO3. Prepare an income statement including calculation of the cost of goods sold. LO4. Prepare a schedule of cost of goods manufactured. LO5. Understand the differences between variable costs and
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$180 B. $40 C. $120 D. $160 [pic] AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Measurement Bloom’s: Application Learning Objective: 3 Learning Objective: 4 Learning Objective: 5 Level: Medium 76. The cost of goods manufactured (finished) for the year (in thousands of dollars) was: A. $530 B. $520 C. $500 D. $460 [pic] [pic] AACSB: Analytic AICPA BB: Critical Thinking AICPA FN:
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Priscilla are both smart. They both make very wise decisions. Both of my friends have finished some type of education. My friend Stacy finished her degree for massage therapist which she loves her job. She also went to school for her certified nursing assistant certificate. She now works at a doctor’s office doing medical billing and helping the doctor with the patients in a hospital. Priscilla finished her degree in business and is thinking about furthering her education. She isn’t working
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