Question

Accounting Chapter 5 a. What are the indications that a product cost system needs revision? b. What are factors in the success of a lean company c. What are the eight wastes of the acronym DOWNTIME? d. What are the cost of quality categories? e. the following types of costs and what would be included under each of the following: Prevention costs, external failure costs, appraisal costs, internal failure costs?

Answer 1

ich cost system needs wv|sen? 3. a. cohate are the Indications that a popa The Andocahong Thcel o pondeco Shaun below * manageo lose bldo They expected 70 anccede Thala poudeech Cast system needs revisionin Win bids they expected to lose * Employees donot bereve the cost numbeos one odurale. no company uses a Pogle-allocation-base yslem obelped long ago. b. Lohat are factory in the success of a lean Compaoy The following factoas coe ºn the success do lean Company * The focas o Acolity * Shoot pouchocheon cycle times * Contficous Fow of poudcoction wethout heruption What are the eight coaste of the aconym COWNTE? The following are the sweasles of the aconym OONTIME • Defects • Toarspoolalon Cxcess . Over paocteochon Inentooy excess o coopting . Motion excess Non-UHTP200 talet . Excess processing d. cohael are the cost of quality categomos? The cost of Gcolfy con be sepoosented by the sum of 2 Foctoos • Cost of Good Quality CoGQ • Cost of pood Quality Copa COQ - COGG + Copa. • Cost of Good Goalety Inccede cost of pop Qually * poevention costs * Internal forledes * Appraisal costs * Exteanc follades. e. The follocetna types of costs and cont could be included under cachof Frodere, poketonal Foreve the Following: prevention, Appraisal, ecleon cost of acolity] costs И APGр cost of Good Qcolety prevent cost Appolo al cost # Incoming Angelo FMEA * inpouces fagpection FIA * Ancol inspection process Carpobeply * Colaboatton vasaron pedron y Auding 7 Letov leconed * Registoalencods Ecoboacanon Tong Costor poor accepty Internal failure Entcondo fogli * pocess relay * Crestored Retrans Recook * C oranty Claire & Scoop te loss of custones * Rolest val colon Sales 8D) RCA CAPA sorot & Repti + Docenite al Cooshome * loss of opacity * lower Quality Scores