subject
Business, 26.06.2021 22:50 fansofboys

1.7 Read the scenario below and answer the questions that follow
FANA MANUFACTURER (FM)
Fana Manufacturer produces ladies sandals and sells them to different retailers. The total
cost to produce 45 000 sandals is R180 0000. The management of VC wants to apply
Total Quality Management/TQM in order to improve the quality of their products.
(2)
1.7.1
Calculate the production cost per sandal.
1.7.2
(3)
Calculate how much profit Fana will receive if he all 45 000 sandals are sold. Show
all the calculations.
Use the table below as a guide to answer QUESTION 1.7
PRODUCTION COST PER SANDAL
PROFIT
1.7.3
(5)
Explain to the management of FM the meaning of TQM as part of quality
management system.
[40]
8

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 01:30
The gomez company, a merchandising firm, has budgeted its activity for december according to the following information: • sales at $500,000, all for cash. • merchandise inventory on november 30 was $250,000. • the cash balance at december 1 was $20,000. • selling and administrative expenses are budgeted at $50,000 for december and are paid for in cash. • budgeted depreciation for december is $30,000. • the planned merchandise inventory on december 31 is $260,000. • the cost of goods sold represents 75% of the selling price. • all purchases are paid for in cash. the budgeted cash disbursements for december are:
Answers: 3
question
Business, 22.06.2019 14:30
Bridge building company estimates that it will incur $1,200,000 in overhead costs for the year. additionally, the company estimates 50,000 direct labor hours will be spent building custom walking bridges for the year at a total direct labor cost of $600,000. what is the predetermined overhead rate for bridge building company if direct labor costs are to be used as an allocation base?
Answers: 3
question
Business, 23.06.2019 02:40
Some years ago it was estimated that the demand for steel approximately satisfied the equation p=194-25x x, and the total cost of producing x units of steel was upper c left parenthesis x right parenthesis equals 145 plus 40 x. (the quantity x was measured in millions of tons and the price and total cost were measured in millions of dollars.) determine the level of production and the corresponding price that maximize the profits.
Answers: 3
question
Business, 23.06.2019 17:00
Shawshank real estate agency. oct. 1 pete shawshank begins business as a real estate agent with a cash investment of $25,000 in exchange for common stock. 2 hires an administrative assistant. 3 purchases office furniture for $2,900, by paying $700 cash with the balance on account. 6 sells a house and lot for n. kidman, earning a fee of $3,600, with $600 collected in cash and the balance billed to n. kidman. 27 pays $900 on the balance related to the transaction of october 3. 30 pays the administrative assistant $2,300 in salary for october. 31 collects $1,200 of the balance owed by n. kidman. instructions: (a) journalize the transactions. (you may omit explanations.) (b) what balance would shawshank real estate agency report for accounts payable in its october 31 financial statements? in which category of which financial statements would it be found? (c) what balance would shawshank real estate agency report for accounts receivable in its october 31 financial statements? in which category of which financial statements would it be found?
Answers: 3
You know the right answer?
1.7 Read the scenario below and answer the questions that follow
FANA MANUFACTURER (FM)
...
Questions
question
Chemistry, 07.03.2020 07:09
question
Mathematics, 07.03.2020 07:11
question
Chemistry, 07.03.2020 07:11
question
English, 07.03.2020 07:12
question
Social Studies, 07.03.2020 07:14
Questions on the website: 13722362