What is the reduction in work-in-process value

Assignment Help Management Theories
Reference no: EM13305788

A firm has redesigned its production process so that it now takes 8 hours for a unit to be made. Using the old process, it took 15 hours to make a unit. If the process makes two unit each hour on average and each unit is worth $2,000.

 

What is the reduction in work-in-process value?

 

 

Reference no: EM13305788

Questions Cloud

Multiple regression analysis is widely used in business rese : Multiple regression analysis is widely used in business research in order to forecast and predict purposes. It is also used to determine what independent variables have an influence on dependent variables, such as sales.
Standards of pollution control : Suggest reasons a business may conduct operations in a third world country and disregard any standards of pollution control
Cultural differences important to business managers : Why is an understanding of cultural differences important to Business managers ?
Mass customization and rapid product development : What is the relationship between mass customization and rapid product development
What is the reduction in work-in-process value : What is the reduction in work-in-process value?
E-z rid disposes of toxic wastes : E-Z Rid disposes of toxic wastes. Elmo worked for E-Z. He contacted clients, negotiated contracts, and oversaw the daily operations at E-Z. The company is so busy its safety procedures are overlooked to get all the work done. Elmo knew safety lapses ..
What is the economic order quantity for each supplier : a) What is the economic order quantity for each supplier?
Entrepreneurial education : Entrepreneurial education
A detailed information on yips model with graphs and charts. : A detailed information on yips model with graphs and charts.

Reviews

Write a Review

Management Theories Questions & Answers

  Colinwas

Colinwas not present at the meeting when these decisions were made, as he was inhospital recovering from a serious accident.

  How much is the price

How much is the price and which organization (a made-up one: pretending that i work there) would you pick? Let's pick a North American company

  Outline and discuss the benefits of organisational diversity

Preparing for policy development: the task group should attempt to gain an understanding of what is required of them.

  Include a brief overview of different delivery methods

Organizations can avoid investing in training and development activities because it is difficult to quantify the ROI

  Sa-2: influence of culture on the buying process

SA-2: Influence of Culture on the Buying Process,  To prepare for this Shared Activity: Review the unit Readings. Consider the triggers for international expansion posed by Jobber and Ellis-Chadwick (2013) for your Shared Activity

  Carefully analyse your results

Carefully analyse your results and make appropriate recommendations to the company's senior management as to how the critical cost variables should be managed to ensure that the BYOD project is both viable and sustainable in the long term.

  A twin design and genetic association study of leadership

A twin design and genetic association study of leadership role occupancy

  Global human resource management differ from domestic

How does global human resource management differ from domestic human resource management?How will you handle the following Language Barriers?

  Issues of knowledge management

Identify and present the issues within the context of the assigned task and from this demonstrate a logical structure and layout for the paper - examine and demonstrate knowledge of analyzing organisational information and of the literature releva..

  Develop the lot-for-lot ordering scenario for dvr

Develop the lot-for-lot ordering scenario for DVR

  Eleven tries to be extremely responsive in japan

2. 7eleven tries to be extremely responsive in Japan? What approaches does it use for this and what are the risks involved with these approaches?

  The discussion and key organizational issues.

The teacher asked us to ask more why (why this happened) and asked us to use the lecture notes which attached for you to do just add in the discussion and Key Organizational Issues.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd