Operations and Supply Management Many companies thrive off of the development of a new or innovative product, but have we ever taken a look at the steps behind the creation of this product? Chapter 3 of our text discusses six phases which begin with the planning of a product or service and end with the.
Automotive Quality Problems Essay Preview: Automotive Quality Problems Report this essay The Automotive Industry has taken some drastic measures to make sure that Quality is the main focus of all manufacturing practices. From powertrain, stamping, interior, and final assembly, each car manufacturing company has error proof systems in place to contain and trace any component.
Mile High Case Write Up Essay Preview: Mile High Case Write Up Report this essay Michelle AvilesMile High Case Write UpApril 15, 20152. 2004 Flexible Budget with Flexible/Actual VariancesCost PartsFlexible BudgetActual CostTotalVariance EfficiencyPriceFrameSteel Tubing3,564,0003,572,100-8,100162,000-170,100Paint27,00028,188-1,811-500-688Labor1,620,0001,528,05091,950117,000-25,050Total5,211,0005,128,33882,663278,500-195,838WheelParts1,296,0001,317,600-21600-21600Rework Parts25000-25,000-25,000Labor70,20074,250-4,050-1,300-2,750Total 1,366,2001,416,850-50,650-1,300-49,350FinalParts3,780,0003,963,600-183,600-183,600Rework Parts45,000-45,000-45,000Labor113,400116,000-2,6001,400-4000Total3,893,4004,124,600-231,2001,400-232,6003.Cost Variances for Frame /Wheel/ Final Assembly & OverheadFRAMETotal VariancePriceEfficiencySteel Tubing-8,100-170,100162,000Paint-1,188-688-500Labor91,950-25,050117,000Total82,663-195,838278,500WHEELTotal VariancePrice EfficiencyParts-21,600-2,16000Rework Parts-25,000-25,0000Labor-4,050-2,750-1,300Total-50,650-49,350-1,3001FinalTotal VariancePriceEfficiencyParts-183,600-183,6000Reworks Parts-45,000-45,0000Labor-2,600-4,0001,400Total-231,200-232,6001,400OVERHEADTotal VarianceSpending VarianceOH.
Mile High Cycles When Mile High Cycles produced 10,800 cycles, there was a total “unfavorable,” or negative, variance between its actual and projected costs. In all costs besides the “Frame: Labor,” there were unfavorable variances – each of which can be attributed to the price variances*. The efficiency variances were mostly “favorable”– since fewer units.
