Adler United football club sell pies to fans at their ground. They have found that their usual attendance on a match day is 63,250 fans. Each fan on average eats 4.6 of their tasty award winning pies that come in a variety of flavours. Analysis of their catering receipts data shows that some fans were […]
Discuss the significant differences associated with the relevant sample sizes and sampling frequency for attributes and variables data. (Maximum 200 words). (5 marks)
Compare and contrast the quality philosophies of Deming and Juran. (Maximum 200 words). It has been suggested by some authors that Six Sigma implementation programs are simply repackaged (and possibly slightly enhanced) versions of previous quality improvement approaches such as those that originally accompanied TQM initiatives stemming from the 1980’s. Present arguments that both support […]
Watson Wafers Ltd. Manufacture electronic components. For one of their manufacturing processes, they have recorded some data that they wish to use control charts to monitor. They wish to use an x-bar chart to see when their system may be subject to problems, and need to calculate the control limits for the system (both the […]
The Lestrade & Metropolitan Manufacturing company produce aluminium die cast models of famous fictional characters. On the 1st of September they carried out a stock check and found that they held in their company stores a quantity of 1,100 tonnes of aluminium alloy, which is valued at £5.10 per tonne (as shown in Table Q3c). […]
Discuss the various limitations of the simple payback period method and the ARR in the context of overall capital investment appraisal. Explain what you believe the advantages and disadvantages may be of using discounted cash flow methods for capital investment appraisal. (Maximum 600 words). (14 marks)
The IT Manager of Moriarty Marketing company is considering purchasing some new audio visual equipment. Initial research has identified two possible suppliers that can provide different equipment that will satisfy the requirements and has given the following budget outlines on a cash basis: The equipment will cost £50,000 to purchase and at the end of […]
Critically evaluate the advantages and disadvantages of activity-based costing and suggest the characteristics of a scenario that would in your opinion suggest it may be a preferable approach to using absorption costing. (maximum 400 words). (5 marks)
Discuss the advantages and disadvantages of using an absorption costing Discuss the advantages and disadvantages of using an absorption costing system for calculating the total cost of a product or service. Highlight separately at the end of your discussion any deficiencies you may feel that this system may have in terms of application to an […]
Mycroft Pumps Limited is a small manufacturing company producing a variety of pumps for the oil industry. It operates from one factory which is geographically separated from its head office. The components for the pumps are assembled in the Assembly Department, and they are then passed through to the Finishing Department where they are painted […]
