(ii) Calculate the direct labour cost of the eighth batch. (3 marks) (iii) Prepare a statement showing the contribution expected from this new product over its lifetime, assuming that the selling price remains at $75 per unit. (5 marks) (iv) Explain Kaizen costing and how it may be used by RTY to increase the contribution it earns from the new product during its lifetime. (5 marks) (Total for Question One = 25 marks) Rationale This question examines several learning outcomes from Section B of the Performance
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Pepsi: Repairing A Poisoned Reputation In India How the soda giant fought charges of tainted products in a country fixated on its polluted water Indra K. Nooyi says she still feels guilty filling a bathtub with water. It sounds far-fetched coming from the chief executive of a major multinational corporation, until you consider her early years. Nooyi, the chief executive of PepsiCo Inc. (PEP ), didn't get much water growing up during the 1960s in the Indian coastal city of Chennai. Although she
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Nirmal Kaur E-Mail: nimmi.kaur86@gmail.com Contact: 0415081804 Seeking challenging assignments in Business Process Analysis & Consulting / Process Transitions with a growth oriented organization in Finance EXECUTIVE SYNOPSIS A dynamic professional with 4.5 years of rich experience in multiple project operations for providing innovative and business effective solutions services while ensuring optimal utilization of resources optimum use of qualitative and quantitative analysis frameworks
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St James Hospital Waste identification and elimination Waste is seen as a wide range of non-added value activities and costs. Waste are evident in material management and in administration systems. a) Purchasing * purchasing administration (too many suppliers) * too many buyers b) Inventory * excess inventory * duplicated inventory * excess materials in standard packs * use of expensive items in lieu of low-cost ones c) Process * process complexity
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The Evolution of Management Theories Management Theories Industrial Revolution (1700’s – 1800’s) - Moved from Agrarian to Manufacturing Society - Adam Smith – The Wealth of Nations - Division of labor (pin factory example) Scientific Management (1890’s – 1930’s) - Frederick Taylor - Time & Motion Studies - “Fair day’s pay for a fair day’s work” Management Theories Bureaucracy – Max Weber (1930’s – 1950’s) - All activities follow the organizational hierarchy - Strong lines of authority
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Problem statement: With the rapid expansion of production Toyota was not able to establish the appropriate engineering skills and staff to support it. This demonstrated a breakdown in the internal communication policy within Toyota to the North American region. Business planning processes and communication from leadership on production goals where not aligned. This caused for rapid expansion without an adherence to quality standards in order to meet expansion initiatives within the North American
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include as the second in project priority in the product portfolio with Line B, which was at the second level and now moved to the fourth level in project priority. Additional ideas with streamlining processes or cut down expenses using Six Sigma/Kaizen methodology for allowing more product lines in the portfolio to maximize future return are some of options Chao’s Children Wear are considering. Overview of existing Portfolio Project A The aim of this project is to bring the existing costume
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________________________________________ Question 1 (10 points) Which of the following statements is NOT true about SME's certifications? However, if all are true, then select "All are true." see: SME Certification Home Page or navigate there through www.sme.org Question 1 options: a) SME, AME, Shigo Prize and ASQ are all sponsors of the Lean Certification program. b) The program was designed by an alliance of SME, AME and Shingo Prize organizations. c) SME's Certification
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4) Explain any four (4) major factors that affect location decisions. COSTS We can divide location costs into two categories, tangible and intangible. Tangible costs are those costs that are already identifiable and precisely measured. For example, utilities, labor, material, taxes, depreciation, and other costs that the accounting department and management can identify, transportation of raw materials, transportation of finished goods and site construction. Intangible costs are less easily quantified
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Strengths line Innovative culture. Toyota is one of the most innovative auto companies and has a strong culture that is focused on constant innovation. The company was the first to introduce Kaizen, Kanban and Total quality Management systems widely in their organization. The company was the first to mass-produce and sell hybrid vehicles too. Brand reputation valued at $30 billion. Toyota’s brand is the most valued automotive brand in the world. The company is known for its environmentally
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