Busy Hands Craft Company Is a Small Manufacturing Company That

question 97

Essay

Busy Hands Craft Company is a small manufacturing company that specializes in arts and crafts items. It recently bought an old textile mill that it has refurbished to manufacture and dye special cloth to be sold in its craft shops. However, it discovered something new for its accounting system. The company never before had finished goods that did not meet standard, leftover materials from processing runs, or unacceptable outputs.
Required:
As the business consultant for the company, explain how it can handle the items mentioned. Include any potential problems with the accounting procedures.

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Definitions:

Successive Points

Points or values that follow one another in a sequence or order.

Line Chart

A type of chart that displays information as a series of data points connected by straight line segments, often used to visualize trends over time.

Histogram

is a type of graph that represents the distribution of numerical data, showing the number of data points that fall within a range of values, called bins.

Dot Plot

A graphical display of data using dots, where each dot represents one or more observations.