Figure 6-7 Edelstein Company Had the Following Data for 2016

question 171

Multiple Choice

Figure 6-7
Edelstein Company had the following data for 2016:
Units in process at the beginning of the month 4,000
Units in process at the end of the month 10,000
Units started during the month 40,000
Materials are added at the beginning of the process. Beginning work in process was 40 percent complete as to conversion. Ending work in process was 70 percent complete as to conversion.
-Refer to Figure 6-7. What is the number of units completed and transferred out during the period?

• A) 34,000 units
• B) 54,000 units
• C) 44,000 units
• D) 40,000 units

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Definitions:

Process Re-Engineering

A complete overhaul and innovative redesigning of business procedures aimed at achieving significant enhancements in key performance indicators.

Customer Needs

Refers to the wants or desires that a customer expects a product or service to fulfill.

Process Value Analysis

Identifies and evaluates core processes for their performance contributions to customer satisfaction.

Value Chain Analysis

A strategic analysis tool that maps out the sequence of activities an organization performs to create value for its customers.