Why they are important to manufacturing-retail or service

Assignment Help Operation Management

Reference no: EM131436126

Describe the following terms in your own words and why they are important to a manufacturing, retail, or service company ? 1. Product Cost 2. Period Cost 3. Fixed Cost 4. Variable Cost 5. Relevant Range 6. Cost Behavior 7. Opportunity Cost 8. Sunk Cost 9. Direct Material Cost 10. Direct Labor Cost

Reference no: EM131436126

Questions Cloud

Discuss about the assistive technology device matrix : Research two low tech, two high tech, two augmentative, and two alternative assistive technology devices appropriate for students with previously identified mild to moderate language disabilities. Use the "Assistive Technology Device Matrix Templ..

Is there any evidence to suggest machine is malfunctioning : Is there any evidence to suggest the machine is malfunctioning?- Compute the p value associated with this hypothesis test.

Calculate the payback period for the standard machines : Cedes limited has the following details of two of the future production plans. For both the Standard and the Deluxe machines, calculate the payback period.

Sprinter who has a linear velocity : 1. How much energy is there in a 70 kg sprinter who has a linear velocity of 12.0 m/s whose center of mass is 115 cm high? 2. How much power would a defensive back need to produce to decelerate the runner from problem #1 to 0.0 m/s in 0.5 seconds? ..

Why they are important to manufacturing-retail or service : Describe the following terms in your own words and why they are important to a manufacturing, retail, or service company ?

Should the process be stopped : Suppose the sample mean is x‾ = 4.014. Should the process be stopped?- Suppose the sample mean is x‾ = 3.979. Should the process be stopped?

Importance of customers and customer relations-internal : Customers and customer relations are critical to the success of a company today. Who talks to external customers, what are the policies for customer service, are they effective, and how could they be improved? What is the company’s customer satisfact..

Draw a balance sheet for the business : 1 March- Deposited £20,000 In a bank account 2 March- Purchased fixtures and fittings for £6,000 cash, and inventories £8,000 on credit

Determine the incremental cash flows : Estimate the actual cash outlay attributable to the new machine. Determine the incremental cash flows. Compute the NPV of incremental cash flows. Add up the present value of the expected salvage value to the P.V. of the increm..

User Account

All Pages