1.Non-value-added activity: restaurant visit a local restaurant for a meal or th
ID: 2372997 • Letter: 1
Question
1.Non-value-added activity: restaurant
visit a local restaurant for a meal or think carefully about your most recent restaurant experience.
Required:
1. list as many activities as you think of that would have been performed by the restaurant's employees for you as a customer.
2. for each activity indicate whether it is value-added or non-value-added.
3. indicate the possible root cause for each activity.
Target costing: manufacturer
suppose you have just started a business to manufacture your latest invention, the Glammaglob gadget. you estimate that after a few tears on the market these gadgets will sell for about $250. this estimate takes account of the introduction of similar devices by your compeitors. furthermore, let's say you want to make a profit of $50 on each gadget sold.
required:
1. what is the target cost for the Glammaglob gadget?
2. what is the target profit?
3. what is the target price?
4. suppose your engineers and management accountants conclude that your design of the Glammaglob gadget will result in a unit cost of $230. how can you use the concept of the target costing to help achieve your object?
cost of quality report: manufacturer
universal circutry manufactures electrical instruments for a variety of purpose. the following costs, related to maintaining product quality, were incurred in May:
inspection of electrical components purchased from outside supplies $21 000
costs of rework on faulty instruments 30 000
replacement of instruments already sold that were still covered by warranty 12 000
costs of defective parts that cannot be salvaged 9 000
training of quality control inspectors 16 500
tests of instruments before sales 6 100
required:
1. prepare a cost of quality
2. how do you think management should react to the relative size of the four categories of quality costs?
3. do you think that university has identified all of its external failure costs? explain.
Explanation / Answer
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