Whippany Manufacturing Wants to Estimate Costs for Each Product They

question 141

Essay

Whippany manufacturing wants to estimate costs for each product they produce at its Troy plant.The Troy plant produces three products at this plant,and runs two flexible assembly lines.Each assembly line can produce all three products.
Required:
a.Classify each of the following costs as either direct or indirect for each product.
b.Classify each of the following costs as either fixed or variable with respect to the number of units produced of each product.
$\begin{array} { l }&\text { Direct}&\text { Indirect}&\text { Fixed}&\text { Variable }\\ \text {Assembly line labor wages }&\_\_\_\_ &\_\_\_\_ &\_\_\_\_ &\_\_\_\_ \\ \text {Plant manager's wages }&\_\_\_\_ &\_\_\_\_&\_\_\_\_ &\_\_\_\_ \\ \text {Depreciation on the assembly }\\ \text { line equipment}&\_\_\_\_ &\_\_\_\_&\_\_\_\_ &\_\_\_\_ \\ \text {Component parts for the product }&\_\_\_\_ &\_\_\_\_ &\_\_\_\_ &\_\_\_\_ \\ \text {Wages of security personnel for the }\\ \text {factory }&\_\_\_\_ &\_\_\_\_ &\_\_\_\_ &\_\_\_\_ \\\end{array}$

Distinguish the principles of process reengineering and its impact on organizational competitiveness.

Analyze financial break-even points in business scenarios.

Understand the significance of focusing on customer needs and expectations in process reengineering.

Understand the types of basic health insurance coverage and their purposes.

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Definitions:

Risks Involved

The potential negative consequences or uncertainties associated with actions, decisions, or activities that may lead to loss or undesirable outcomes.

Rigid Process

A fixed or inflexible procedure or set of rules that does not easily adapt to changes or exceptions.

Business Plan

A formal written document that describes in detail how a business, usually a new one, is going to achieve its goals and outlines the operational and financial strategies to accomplish them.

Outsourced

The practice of having certain job functions or tasks performed by external parties or companies rather than in-house staff.