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How can you eliminate non added value activities?
non value adding activities can not be eliminated. Waste are non-value adding activities that should be eliminated.
How can work in process control reduce manufacturing costs?
Any non-value adding process would increase the manufacturing cost. Therefore, it is very important to ensure that WIP is controlled in such a way that they go through the least or totally no waiting process, during the manufacturing process. Waiting process means a non-value adding process and it is a cost driver.
What are the advantages of a place-value system over a non-place-value system?
Try adding 2 to 4 in Roman numerals: IV + II =? Or adding 1 to 8: VIII + I =?
Examples of non relevant cost?
Examples are Sunk Costs, Fixed costs and Allocated Costs.
How to calculate overheads?
There's no real science to this, just adding up the numbers. Work out what your costs are other than cost of sales (manufacturing costs). These are things like telephone, postage, stationery, insurance, salaries for non-manufacturing personnel, rent, rates, heat, light and so on.
What is on overhead?
Overhead refers to the cost of a business in a particular period. Specifically, overhead points to fixed and indirect costs. They are non-labor costs. Non-labor costs are variable or fixed. Rent and salaries are examples of fixed costs. Advertising and supplies are variable costs.
What are two categories used to explain the basic cost of mobility?
mobility and non-mobility costs
How can you change an ecosystem?
By adding non-sense food to it
What are non production overheads?
Non production overheads are costs associated with the workings of a company. These costs do not go directly into making the item. For example, electricity or office space are non production overheads.
Is sales commission expense a period cost?
Yes, period costs are non manufacturing costs
Why is expediting considered a non value adding activity?
Expediting adds no value to the product or service other than correcting delays (which should not even happen in a well run process). If the expediting had not taken place the product would be identical to a product that did not get expediting - thus no value was added.
What are non pay costs?
What are non pay costs or Costs that occurs but you really don't pay them. The biggest Cost which a business don't pay but occurs is the Depreciation Expense. You don't pay for the Depreciation Expense. its just devaluation in the assets of a business. A business uses its assets and the assets value don't remains the same at the end of the year as it was in the beginning of the year. There are different methods used to calculate the Depreciation Expense which is another question.
