Q # 1 Describe direct and indirect materials, and direct and indirect labor and give an appropriate example. Q # 2 Describe the scope of cost
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Q # 1
Describe direct and indirect materials, and direct and indirect labor and give an appropriate example.
Q # 2
Describe the scope of cost.
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Solved in 2 steps
- In gathering requirements, both structured and unstructured techniques could be used. Discuss.8. Categorize the following costs as (a) direct, (b) project indirect, or (c) fixed overhead.• Labor• Materials• Main office rental• Tools and minor equipment• Field office• Performance bond• Sales tax• Main office utilities• Salaries of managers, clerical personnel, and estimatorsMr. R is working from7:30 AM to 3:30PM including lunch break for 5 days every week in jewelry design shop. His main task is designing authentic men’s jewelries. He agreed to be paid by piece rate of 15 OMR /design for 15 weeks. If his daily output is 10 designs, calculate total earnings. 10,500 OMR 750 OMR 11,250 OMR 9,050 OMR
- Exercise 3 Costs for a month in which it produced 800 units. The production manager was asked to review these costs and provide her best guess as to how they should be categorized. He responded with the following information: Total Costs Variable Costs Fixed Costs Material used in Production OMR 420000 420000 Labour, used in Production 214000 100000 114000 (Assembly and supervisor) Production Facilities cost( rent 115000 90000 250000 „Insurance, Utilities,.) Total production cost 749000 610000 139000 Required: A. Describe the production costs in the equation form Y = f + vX B. Assume Company intends to produce 1200 units next month. Calculate total production costs for the month.1. Describe the product Package of Primer Inc. by Identifying the tangible and non-tangible (service) components.2. From an operations management position, why is the company able to charge premium prices? Why are customers willing to pay the premium price?3. Describe the operations of Primer Inc. in terms of the four Vs (Volume, Variety, Variability, and visibility), indicating whether each variable is high or low, and its implication for strategy.4. Explain the role of the following functional areas in supporting the organization’s current operations strategya. Procurementb. Financec. Marketingd. Human Resource Management5. How should each of the following Strategic Operations Management decisions be managed to ensure the success of the company.a. Product and service designb. Managing Qualityc. Process strategyd. Location strategye. Layout Strategyf. Human resourcesg. Supply chain managementh. Inventory Managementi. Schedulingj. Maintenance. Consider the bill of materials (BOM) in Figure 11.33.a. How many immediate parents (one level above) doesitem I have? How many immediate parents does item Ehave?b. How many unique components does product A have at alllevels?c. Which of the components are purchased items?d. How many intermediate items does product A have at alllevels?e. Given the lead times (LT) in weeks noted on Figure 11.33,how far in advance of shipment must a purchasecommitment be for any of the purchased items identifiedin part (c)?
- I want you to do a bill of quantities (cost breakdown) of designing a composting plant in USDCreate a 4Ps, 7p’s and Value Preposition of traditional Filipino games such as takbuhan, agawan base, sipa, patintero, 10/20 batohang bola etc. Theme is about a game for a family to strengthen their bond and to compete to the other family. The location is free. The sponsors are coca-cola, alcohol, slippers and biscuit. It must be in a bullet form, detailed and elaborated.XYZ industries applies overhead based on direct labor cost. The following information was available for the last year: Actual manufacturing overhead OMRSO,000; Underapplied manufacturing overhead OMR10,400; Actual Prime cost OMRS2,000; Actual Direct material cost OMR19,000; Estimated direct labor cost OMR27,000, What was the estimated manufacturing overhead for the year? Select one: O a. OMR37,200 O b. None of the answers given O C OMR39,600 O d. OMR34,800 O e. OMR32,400