A cost analyst for Stamper Manufacturing Co. has assembled the following data about the Model 24 stamp pad:The piece of sheet metal from which 8…
A cost analyst for Stamper Manufacturing Co. has assembled the following data about the Model 24 stamp pad:The piece of sheet metal from which 8 pad […]
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Research two (2) manufacturing or two (2) service companies that manage inventory and complete this assignment. Write a six (6) page paper in which you:…
Research two (2) manufacturing or two (2) service companies that manage inventory and complete this assignment. Write a six (6) page paper in which you: 1. […]
The post Research two (2) manufacturing or two (2) service companies that manage inventory and complete this assignment. Write a six (6) page paper in which you: 1. Determine the types of inventories these companies currently manage and describe their essential inventory characteristics. 2. Analyze how each of their goods and service design concepts are integrated. 3. Evaluate the role their inventory plays in the company’s performance, operational efficiency, and customer satisfaction. 4. Compare and contrast the four (4) different types of layouts found with each company; explain the importance of the layouts to the company’s manufacturing or service operations. 5. Determine at least two (2) metrics to evaluate supply chain performance of the companies; suggest improvements to the design and operations of their supply chains based on those metrics. 6. Suggest ways to improve the inventory management for each of the companies without affecting operations and the customer benefit package. Provide a rationale to support the suggestion. 7. Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources. Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. The specific course learning outcomes associated with this assignment are: Evaluate the processes used in designing and producing goods and services. Determine four layout patterns and when they should be used. Utilize the concept of supply chain management. Employ the concept of capacity management. Evaluate the management of inventories and resources. Use technology and information resources to research issues in operations management. Write clearly and concisely about operations management using proper writing mechanics. appeared first on WriteMyEssaySharks.
I’m looking for an exam tutor for class “Computer Aided Manufacturing & Robotics”. Book: Automation, Production Systems, and Computer-Integrated Manufacturing, Mikell P. Groover, 4th Edition,…
I’m looking for an exam tutor for class
“Computer Aided Manufacturing & Robotics”.
Book: Automation, Production Systems, and Computer-Integrated
Manufacturing, Mikell P. Groover, 4th Edition, Prentice Hall
it’s Industrial Engineering Class NOT Computer Science.
Ch. 1: Introduction and manufacturing metrics
Ch. 23: CAD/CAM/CAE Fundamentals
Ch. 7: Computer Numerical Control Machines and Components
Ch. 7: Computer Numerical Control
Ch 7 CNC programming and simulations
Ch. 8: Industrial Robotics and manipulators
Ch. 8: Introduction to Mechanics and control of robots
Ch. 8: Robot programming and simulations
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Manufacturing Budget Analysis Tom Emory and Jim Morris strolled back to their plant from the administrative offices of Ferguson & Son Manufacturing Company. Tom is…
Manufacturing Budget Analysis
Tom Emory and Jim Morris strolled back to their plant from the administrative offices of Ferguson & Son Manufacturing Company. Tom is manager of the machine shop in the company’s factory; Jim is manager of the equipment maintenance department. The men had just attended the monthly performance evaluation meeting for plant department heads. These meetings had been held on the third Tuesday of each month since Robert Ferguson, Jr., the president’s son, had become plant manager a year earlier. As they were walking, Tom Emory spoke: “Boy, I hate those meetings! I never know whether my department’s accounting reports will show good or bad performance. I’m beginning to expect the worst. If the accountants say I saved the company a dollar, I’m called ‘Sir,’ but if I spend even a little too much—boy, do I get in trouble. I don’t know if I can hold on until I retire.” Tom had just been given the worst evaluation he had ever received in his long career with Ferguson & Son. He was the most respected of the experienced machinists in the company. He had been with the company for many years and was promoted to supervisor of the machine shop when the company expanded and moved to its present location. The president (Robert Ferguson, Sr.) had often stated that the company’s success was due to the high-quality work of machinists like Tom. As supervisor, Tom stressed the importance of craftsmanship and told his workers that he wanted no sloppy work coming from his department. When Robert Ferguson, Jr., became the plant manager, he directed that monthly performance comparisons be made between actual and budgeted costs for each department. The departmental budgets were intended to encourage the supervisors to reduce inefficiencies and to seek cost reduction opportunities. The company controller was instructed to have his staff “tighten” the budget slightly whenever a department attained its budget in a given month; this was done to reinforce the plant manager’s desire to reduce costs. The young plant manager often stressed the importance of continued progress toward attaining the budget; he also made it known that he kept a file of these performance reports for future reference when he succeeded his father. Tom Emory’s conversation with Jim Morris continued as follows: Emory: I really don’t understand. We’ve worked so hard to meet the budget, and the minute we do so they tighten it on us. We can’t work any faster and still maintain quality. I think my men are ready to quit trying. Besides, those reports don’t tell the whole story. We always seem to be interrupting the big jobs for all those small rush orders. All that setup and machine adjustment time is killing us. And quite frankly, Jim, you were no help. When our hydraulic press broke down last month, your people were nowhere to be found. We had to take it apart ourselves and got stuck with all that idle time. Morris: I’m sorry about that, Tom, but you know my department has had trouble making budget, too. We were running well behind at the time of that problem, and if we had spent a day on that old machine, we would never have made it up. Instead, we made the scheduled inspections of the forklift trucks because we knew we could do those in less than the budgeted time. Emory: Well, Jim, at least you have some options. I’m locked into what the scheduling department assigns to me and you know they’re being harassed by sales for those special orders. Incidentally, why didn’t your report show all the supplies you guys wasted last month when you were working in Bill’s department? Morris: We’re not out of the woods on that deal yet. We charged the maximum we could to other work and haven’t even reported some of it yet. Emory: Well, I’m glad you have a way of getting out of the pressure. The accountants seem to know everything that’s happening in my department, sometimes even before I do. I thought all that budget and accounting stuff was supposed to help, but it just gets me into trouble. It’s all a big pain. I’m trying to put out quality work; they’re trying to save pennies.
Review the case. Respond to the following:
Identify the problems that appear to exist in Ferguson & Son Manufacturing Company’s budgetary control system and explain how the problems are likely to reduce the effectiveness of the system.
Explain how Ferguson & Son Manufacturing Company’s budgetary control system could be revised to improve its effectiveness.
Explain how the use of an activity-based costing system could change the results of the budget, if utilized.
As stated in the case, many employees have “quit trying” and have altered behavior on the job. Provide specific ways for how you would use a budget to change employee behavior and align goals in the organization. Explain how goal alignment can improve profitability and overall return to the shareholders of the company.
Synthesize data to explain the concept of ROI and describe how the use of an activity-based costing system can improve the company’s ROI and the potential impact on free cash flow.
Write a 2 page report in Word format. Apply APA standards to citation of sources. Use the following file naming convention: LastnameFirstInitial_M5_A2.doc.
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Mega Manufacturing has agreed over the phone to manufacture 10,000 highly specialized routers and couplers to the exact specifications required by Circuits Systems, Inc. for…
Mega Manufacturing has agreed over the phone to manufacture 10,000 highly specialized routers and couplers to the exact specifications required by Circuits Systems, Inc. for use in one of its proprietary designs. These are highly specialized goods for which there is no ready market. Mega sends a signed confirming memorandum “This is to confirm our understanding of the purchase of routers and couplers to be delivered to your Dayton, Ohio facility by Dec. 1, for a total contract price of $37,000.” Mega waits 10 days, then begins the manufacturing of the items and is nearly complete when Circuit Systems attempts to breach the contract. Under these facts and under the UCC:options:1) Mega’s memorandum to Circuit is sufficient to satisfy the requirements of the statute of frauds.2) Unfortunately this oral contract is not enforceable.3) Mega’s verbal contract with Circuit is enforceable as a specialized goods exception to the Statute of Frauds rule.4) Circuit is not bound to pay Mega for any of the goods because the confirming memo did not specify the quantity of goods.
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Smith Manufacturing, Inc. has asked that you assist with some bookkeeping services. The company is nearing year-end and needs help to prepare adjusting and closing…
Smith Manufacturing, Inc. has asked that you assist with some bookkeeping services. The company is nearing year-end and needs help to prepare adjusting and closing entries. Following is the information that you need to prepare the entries:
Bad debts are estimated at 1% of Net Sales.
There is an $8,000 balance of unexpired insurance in the Prepaid Insurance account.
A physical inventory determined that there is $40,000 balance in inventory.
Buildings are depreciated on a straight-line basis over 20 years, no salvage value.
Equipment is depreciated on a straight-line basis over ten years, no salvage value.
All interest remained unpaid at year-end.
There was $2,000 in salaries payable at year-end.
Download the following trial balance for Smith Manufacturing, Inc. to assist in your preparation of the adjusting and closing entries.
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Beck Manufacturing and Plant Capacity Read the “Beck Manufacturing” case study in Chapter 8 of your text. In a three- to four-page paper, address the…
Beck Manufacturing and Plant Capacity
Read the “Beck Manufacturing” case study in Chapter 8 of your text. In a three- to four-page paper, address the following:
Calculate the capacity of each machine center and the capacity of the system.
Analyze where the focus of the company’s efforts should be if Beck wants to expand capacity. Determine how much extra capacity he can get without causing another operation to become the bottleneck.
Suggest ways Beck can expand capacity without purchasing new equipment.
Your paper should be in paragraph form (avoid the use of bullet points) and supported with the concepts outlined in your text and additional scholarly sources.
Submit your three- to four-page paper (not including the title and reference pages). Your paper must be formatted according to APA style as outlined in the Ashford Writing Center and must cite at least three scholarly sources in addition to the textbook.
Carefully review the Grading Rubric for the criteria that will be used to evaluate your assignment.
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Agassi Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs on the basis of…
Agassi Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labor cost in Department D, direct labor hours in Department E, and machine hours in Department K.In establishing the predetermined overhead rates for 2017, the following estimates were made for the year.DepartmentDEKManufacturing overhead$1,179,000$1,750,000$1,080,000Direct labor costs$1,684,286$1,875,000$675,000Direct labor hours150,000125,00060,000Machine hours600,000750,000120,000During January, the job cost sheets showed the following costs and production data.DepartmentDEKDirect materials used$210,000$189,000$117,000Direct labor costs$180,000$165,000$56,250Manufacturing overhead incurred$148,500$186,000$118,500Direct labor hours12,00016,5005,250Machine hours51,00067,50010,430Compute the predetermined overhead rate for each department. (Round answers to 2 decimal places, e.g. 10.25.)Overhead rateDepartment D %Department E$ per direct labor hourDepartment K$ per machine hourCompute the total manufacturing costs assigned to jobs in January in each department. (Round answers to 0 decimal places, e.g. 2,500.)Manufacturing CostsDepartment D$Department E$Department K$Compute the under- or overapplied overhead for each department at January 31. (Round answers to 0 decimal places, e.g. 2,525.)Manufacturing OverheadDepartment D$ UnderappliedOverappliedDepartment E$ OverappliedUnderappliedDepartment K$ UnderappliedOverapplied
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Response 1: I will be important for Mobile Manufacturing (MM) to conduct a thorough market research analysis to understand who to market the new…
I will be important for Mobile Manufacturing (MM) to conduct a thorough market research analysis to understand who to market the new product line to and have a successful launch of the new product in the new target region.
There are 3 main types of research methods available to us: qualitative, quantitative, and mixed. Qualitative research is a research method that explores the meaning, or reason why behind a particular question. Participants are likely to use open ended questions to explain the reason why, and in our case, what they like about a certain feature or product (Creswell, 2014). A quantitative approach however, is an approach to test objective theories by examining correlations from the data that is collected (Creswell, 2014). Often time’s, qualitative data is used to explain the quantitative data, this would be an example of a mixed method and paint the whole picture of the data being analyzed. The easiest way that I remember the difference is quantitative tells the story with numbers and qualitative paints the picture with words.
There are pros and cons to each method. The positive benefits that you can get from quantitative research is objectivity, statistical method, and speed of data collection. Objectivity lets you gather information, in the form of numbers, to investigate a situation. The use of black and white data in the form of numbers can remove any sense that the researcher is being bias to one side or the other. The statistical method approach lets you gather large numbers of data to analyze in a very quick manner. With this statistical approach that means that we will need a very large sample size and will require a larger investment to launch the quantitative study (HRF.org, 2014).
Qualitative research also has its advantages and disadvantages. Qualitative research is very flexible and allows the interviewee to expand on their answers to why that feel a certain way. This taps into the customers’ creativity and can help us better understand why they like or dislike a feature or product. On the flipside, this type of research can be very time consuming while giving us a smaller sample size (KW Research, n.d.).
With the above types of research outlined above, I recommend that MM uses a mixed method. This should utilize both quantitative and qualitative methods. Starting with a large quantitative study to analyze a large amount of raw data to understand what our target customer market wants and further the research with a follow-up qualitative study to a small subset of customers to expand on the quantitative study. Doing this will ensure we understand what our customers really want.
How does Qualitative Research differ from Quantitative Research?
In order to accurately identify our target market, it is necessary that we conduct thorough and comprehensive research. The most effective means to gather significant data is through conducting qualitative and quantitative research. In order to understand this approach, it is necessary to understand what distinguishes one from the other. Qualitative Research is aimed at understanding underlying reasons and motivators. It is exploratory in nature and is based around the search for truth and meaning (NA, 2018). Qualitative Research is typically conducted through the use of rigid techniques such as online questionnaires and in persons or telephone interviews. Quantitative Research also aims to produce pertinent data but with respect to numerical values and metrics. The Quantitative Method has its roots in the physical sciences and is defined by three steps: State the objective, give the hypotheses and gather the appropriate data (Muse, 2018). The purpose of this research is the quantification of data and the measurement of outcomes in a given sample or segment.
What are the Pros and Cons of each?
Qualitative and quantitative research both serve a specific purpose, but each comes with its share of strengths and weaknesses. A strength of qualitative research is that it often allows for the researcher to assign purpose or meaning to the subject’s actions. In many instances qualitative data is used to answer “why”. A weakness of qualitative research is that when used alone, often the results are not a true endpoint or conclusion and requires additional examination (Muse, 2018). A strength of quantitative research is undoubtedly the structure of the approach and ultimately the objective nature of the results, this is a result of applying the scientific method to the research. Inversely, a weakness would be that the data largely remains inconclusive with relationship to purpose or meaning, often there will be a quantifiable result which standing alone, may tell the researcher very little.
How do both research styles benefit the company?
One may state conclusively that both quantitative and qualitative research provide an enormous benefit Mobile Manufacturing. As we see in the pros and cons, both approaches find their weakness when applied individually. The sum of the research is made stronger when both methods are applied in a manner that complements one another. Whether it being qualitative methods used to identify trends and then quantitative methods to measure them or quantitative methods to measure metrics and qualitative methods to identify meaning, both approaches are largely successful (Muse, 2018) . The proper execution of applying both of these methods will certainly contribute to identifying the target market.
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1. The Hein Manufacturing Company located in Mt. Pleasant, Michigan is trying to decide whether to buy a part from a supplier, produce the part…
1. The Hein Manufacturing Company located in Mt. Pleasant, Michigan is trying to decide whether to buy a part from a supplier, produce the part while using manual assembly methods, or produce the part with a highly automated assembly system. The table below shows all the data for this decision: Produce-Automated Produce- Manual Assembly Buy Assembly 250,000 250,000 Projected 250,000 Annual Volume of parts Fixed Cost $750,000 1,250,000 Per Year 8.95 6.40 Variable cost $10.50 Per Part A. Which alternative is the least cost? Show all work & calculations clearly!
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