What are value-added processes? How do you determine if a process adds value? How does identification of
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (11 reviews)
When looking at the value of the product or service the goal is to have the value of the endproduct or service exceeds the cost of producing the product or providing the service The cost of the produc...View the full answer
Answered By
Parvesh Kumar
I am an experienced Mathematics and Statistics tutor with 10 years of experience teaching students and working professionals. I love teaching students who are passionate to learn subjects or wants to understand any mathematics and statistics concept at graduation or master’s level. I have worked with thousands of students in my teaching career. I have helped students deal with difficult topics and subjects like Calculus, Algebra, Discrete Mathematics, Complex analysis, Graph theory, Hypothesis testing, Probability, Statistical Inference and more. After learning from me, students have found Mathematics and Statistics not dull but a fun subject. I can handle almost all curriculum of mathematics. I did B.Sc (mathematics), M.Sc (mathematics), M.Tech (IT) and am also Gate (CS) qualified. I have worked in various college and school and also provided online tutoring to American and Canadian students. I look forward to discussing with you and make learning a meaningful and purposeful
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
Question Posted:
Students also viewed these Cost Accounting questions
-
What are value- added activities? Value- added costs?
-
Robert Campbell and Carol Morris are senior vice presidents of the Mutual of Chicago Insurance Company. They are codirectors of the companys pension fund management division, with Campbell having...
-
How do you determine what is ethical? If you are called on to make a decision about the promotion of an event for one of your clients, where does the ultimate consideration lie? What questions would...
-
Suggest a good synthetic method for preparing each of the following haloalkanes from the corresponding alcohols. CH3 H3C CI I () CH-CH-CH,CI (b) CH;CH,CHCH,Br () (d) CH;CHCH(CH3)2
-
Assume that the commercial iron (99.95 wt% Fe) in Table 20.5 just reaches the point of saturation when inserted within the coil in Problem 20.1. Compute the saturationmagnetization. Initial Relative...
-
How many characters per second can be transmitted over a 1200-baud line in each of the following modes? (Assume a character code of eight bits.) a. Synchronous serial transmission. b. Asynchronous...
-
Which of the following statements about ensemble methods is false? a. In a boosting ensemble, the training data for an individual model depends on the predictions of the previously constructed...
-
1. Explain the role of cognitive shortcomings in the WorldCom fraud and how social and organizational pressures influenced Betty Vinson's actions. 2. The SEC action against Vinson was deemed...
-
Chose a health care function to evaluate for efficiency and effectiveness of delivery. You will apply Lean Six Sigma principles by using the DMAIC methodology to present how errors and waste can be...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
What are value chain models and how are they useful? Give a definition of process and explain it. What is a business process? Differentiate between the value chain level, business process level and...
-
What can a company do to ensure that it operates ethically in societies with weak institutions? And also what is the ethical reasoning behind Shell's responsibility to assist local people with the...
-
Discuss the arguments for and against the use of global marketing and advertising. What types of products and services are best suited for global advertising? What developments have taken place in...
-
Class Activity 8: Bad News Letter You are working as claim adjustment manager in Northwest Apparel. Recencently you have a refund claim for an expensive fancy dress from Nancy Charles. According to...
-
Explain the process of caculating daily gain/cost and closing margin account balance. and the proce of how to caculate Min Variance hedge Ratio and number of contracts, and how to get the answer of...
-
Class Activity 5: Memo Writing Your CEO has advised you to write a memo to all the office staff for a meeting next week on Monday morning regarding the discipline issues (tardiness and frequent...
-
CAN YOU WRITE YOUR OWN (INFORMATION LETTER) INFORMING THE HR DEPARTMENT THAT THE OPERATIONS DEPARTMENT REQUIRES TEN UTILITY STAFF.
-
A certain strand of miniature lights contains 35 bulbs wired in series, with each bulb having a resistance of 15.0 . What is the equivalent resistance when three such strands are connected in...
-
An airplane makes a round trip between two points 1800 km apart, flying with airspeed 800 km/h. Whats the round trip flying time (a) if theres no wind, (b) with wind at 130 km/h perpendicular to a...
-
Banner Company acquires an 80% interest in Roller Company for $640,000 cash on January 1, 2013. The NCI has a fair value of $160,000. Any excess of cost over book value is attributed to goodwill. To...
-
What is meant by the terms components, elements, and items as they relate to the income statement? Why might items have to be disclosed in the income statement?
-
What are the three ways that other comprehensive income may be displayed (reported)?
-
What are the three ways that other comprehensive income may be displayed (reported)?
-
3. Show that : -3t = y 3 sin(t) cos(t) + e is a solution to the differential equation y' + 3 y 10 sin(t)
-
The United States, Austrailia, Canada, and the United Kingdom cluster high on individualism but low on power distance on Hofstede\'s cutlutral graph. What does this mean to someone looking to market...
-
Mini-garden project Week one of the mini-garden project involved Sacha and her fellow pre-schoolers planting sunflower seeds into the outdoor garden bed. Each child in the activity has been assigned...
Study smarter with the SolutionInn App