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Batch size of one
Set up time is the amount of time needed to adjust tools and to retool for various product. Long set ups a change over time make the production of batches with a small no. of units too expensive.
However, the creation of large batches leads to substantial lead time delays and the creation of high inventory levels. The JIT philosophy is to decrease and ultimately eliminate set-up times. E.g. by investing in advanced manufacturing technology some machines setting can be adjusted automatically instead of manually.
Alternatively some set up times can be eliminated entirely by reducing products, so that markets do not have to be reset each time a different product has to be made.
If the set up times are approaching zero, then there’s no advantage production in batches and therefore the optimal batch size can be one. With a batch size of one, the work can flow smoothly to the next stage without the need for and to schedule the next machine to accept this item.
The least-cost method The process is described as follows: Assign as much as possible to the variable with the least unit cost in the whole tableau. (Ties are broken randomly).
Advantages of activity based costing 1) It helps understanding the behavior of overhead costs and their relations ship to products services customers and market segments. 2)
Feedback Control System Feedback is information about actual achievements or actual results produced within the organization (e.g. management control reports) with the purpose
Is there a theory for financial ratios
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marginal costing decision making assignment questions
Identify the management assertions related to each of the fictitious supplier credits and unrecorded amounts in accounts payable using the facts presented
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