Discuss the Activity-Based (ABC) concept: Define Activity-Based Costing (ABC) concept. Describe how the ABC costing method works. Why is the ABC costing method used to manufacture small planes?
Discuss the Activity-Based (ABC) concept: Define Activity-Based Costing (ABC) concept
Part 3: Activity-Based Costing:
Activity-Based Costing Video Link: How Small Planes are manufactured http://www.youtube.com/watch?v=4LhN_T5tGK8
Requirement 1: Questions:
1. Discuss the Activity-Based (ABC) concept:
Firstly, define Activity-Based Costing (ABC) concept.
Secondly, describe how the ABC costing method works.
Thirdly, why is the ABC costing method used to manufacture small planes?
2. List at least 6 activities that is include d in the manufacturing process for building small planes.
3. List at least 6 items that is include d in Direct Materials (items to manufacture small planes).
4. List at least 3 items that is include d in Manufacturing Overhead (items by employees as they manufacture small planes).
Part 4: Quality Management and Just-In-Time Management:
Quality Management/Just-In-Time Management Video Link: How Chocolate is Made http://www.youtube.com/watch?v=rdTpA0luD2U&feature=PlayList&p=3FF6723AA74606C0&index=19
Requirement 2: Questions:
1. Discuss the Total Quality Management concept.
Firstly, define the Total Quality Management concept.
Secondly, describe how the Total Quality Management method works.
Thirdly, why is this method use d when manufacturing chocolates?
2. Discuss the Just-In-Time Management concept.
Firstly, define the Just-In-Time Management concept.
Secondly, describe how the Just-In-Time Management method works.
3. List three ways of how the quality of chocolate could be determined during the manufacturing process.
4. Discuss how the Just-In-Time Management method would work in the manufacturing of chocolate.
Submit a Word document in the Canvas assignment submit box with all of the requirements by the due date. Part #3, also, Part #4 of this project is limit to two pages, typed, single spaced answer.
The due date for Part #3 and Part #4 is: October 26 at 11:59 pm
