Qht 304.1.3-4

In: Business and Management

Submitted By Mooshu1203
Words 564
Pages 3
To: Gary Jansen, CCI, Inc
From: QHT1 304.1.3-04
Re: Relevant Quality Costs
Date: March 1, 2013

Sir, As a producer of tangible products, CCI, Inc must direct its focus to delivering the best possible product to our customers. This is integral not only in the nurturing of our existing relationships, but also in fostering new ones. Our systems’ audit team has successfully identified three categories of cost as they relate to the implementation of quality consideration. These three costs are appraisal costs, prevention costs, and failure costs. If we are cognizant of these of front, and incorporate them intelligently into our operations, product quality will improve, overall customer satisfaction will rise, and our profits will increase. By far, preventative cost investment is the most efficient means of increasing overall quality. These are the costs associated with pre-emptively avoiding weaknesses in our products. By beginning the quality control process during the design phase and carrying it into the production phase, we can eliminate many defects from ever occurring. Of course, this will require additional planning and resources on the front end, but we will be more than compensated via the decrease in failure costs. This will also necessitate more thorough training of employees, as well as stringent quality control procedures. It would also be wise to invest the time and effort into providing the best possible equipment and working environment for our employees. Once production has begun, we will incur appraisal costs. These are the expenditures associated with either discovering defects that have already occurred or determining that none exist. This is accomplished through product inspection and materials/ process auditing. Provided our preventative costs have been wisely and efficiently implemented, our appraisal costs will be appreciably lower.…...

Similar Documents

Week 4

...Thursday evening. When we assigned resources, each resource was by default also assigned a standard calendar. However, if the resource we assigned had a different working time, the same amount of work would have been calculated, but the actual time of duration would have changed. Note: When you open dialog boxes that contain calendars, MS Project will also show the current day and month. Therefore you will need to scroll to the correct month for this project/lab. To view the standard calendar options: 1. Log onto Windows. 2. Open your completed file MyLab3_XXX.mpp. Check the addendum at the end of this lesson to make sure your beginning file is correct. 3. Save as MyLab4_XXX.mpp, where XXX are your initials. 4. Make sure you are in Gantt chart view, Table: Entry. 5. Select the File tab, click Options. 6. Click the Schedule tab. 7. The default options are displayed (Figure 1). Figure [ 1 ] Note: If you anticipate that your project start time will be earlier than 8 AM, you should change the calendar options and the Standard calendar before entering tasks and resources. Otherwise, the first task will remain scheduled to start at 8 AM even if the options and base calendar are changed. Please note the defaults for the Standard calendar. Also note the changes you can make to the standard calendar. The emphasis must be made that this calendar is primarily for the entire project. Again it is best not to change these......

Words: 3132 - Pages: 13

Far 4

...delivery and are incurred in addition to the cost related to delivery distances. Order taking costs are $100 per order. Customers are entitled to specific discounts and sales commissions as agreed with them individually. Publicity costs are determined and agreed with each customer with regard to the support they required for each customer’s individual marketing strategy. These costs are paid for by GM Ltd as part of the contract. Additional customer data for the latest period: DIY - A Sales (in units) Delivery kilometres travelled Number of emergency deliveries Number of orders taken Discounts (percentage of sales revenue) Sales team overheads (percentage of sales revenue) Publicity costs 1,000 1,000 2 5 20% 10% $25,000 DIY - B 500 500 0 4 15% 10% $20,000 Small garden centre shops 400 850 0 10 10% 5% $15,000 The requirement for Question One is on the opposite page CPGA 2 May 2010 Required: (a) Using customer based profitability analysis, evaluate each of GM Ltd’s three customers. Advise GM Ltd, with reasons, which customer is the most profitable. (8 marks) (b) Discuss the key factors that should be considered when deciding whether or not to discontinue supplying a customer who is contributing relatively little profit in comparison with other customers of GM Ltd. (5 marks) GM Ltd is interested in the introduction of Just-in-Time (JIT). Advise GM Ltd on the advantages and disadvantages that could result from using this method. (6......

Words: 5285 - Pages: 22

Unit 4

...Unit 4 Assignment 1 1. Read the following article Agans, R., & Shaffer, L. (1994). The hindsight bias: The role of the availability heuristic and perceived risk. Basic and Applied Social Psychology, 15(4), 439-449. “ This article can be located by using the Kaplan Online Library article search feature. Click here to access the Kaplan Library. You may also access the Kaplan Library by following these instructions: 1. Click the Academic Tools tab 2. Click Online Library. 3. Log in to your account 2. Read the narrative for Exercise 11-38 – found on page 459 in your textbook. Assume that you are a business consultant hired to advise Earth Baby, Inc. (EBI) on the proposed venture from Great Deal, Inc. (GDI). Your task is to analyze the proposal and make a recommendation to either accept or reject it. Your analysis must include critical thinking and analysis supported by evidence using independent references. Your analysis must also include any biases that might be relevant to the proposal. The analysis must be Word document, 2 to 2 and ½ pages long, not including the Title Page and Reference List. The analysis must be presented in proper APA, 6th Edition formatting, including a Title Page with properly formatted Running head. A “Conclusion” section is also 11-38 Special Order Earth Baby Inc. (EBI) recently celebrated its tenth anniversary. The company produces organic baby products for health-conscious parents. These products......

Words: 969 - Pages: 4

Unit 4

...BTEC NATIONAL DIPLOMA IN BUSINESS Marketing Principles Report: marketing process introduction: Marketing process The process of (1) analyzing marketing opportunities; (2) selecting target markets; (3) developing the marketing mix; and (4) managing the marketing effort. Marketing strategy The marketing logic by which the business unit hopes to achieve its marketing objectives. Marketing research The systematic design, collection, analysis, and reporting of data relevant to a specific marketing situation facing an organization. Introduction This discusses the details of marketing principles and this assignment has considered Coca cola, a company which is in the soft drinks industry as the base. This includes evaluation of benefits and costs of a company being market oriented and the deviation from its core activities. Further this discusses the micro and macro factors that affect Coca cola and how the marketing decisions should be taken considering these factors. The segmentation aspect which is adopted in Coca cola is discussed here. And effective strategies adopted in a company lead the company to achieve competitive advantage is been highlighted in this assignment. Further Targeting strategies, buyer behaviours that impact Coca cola is been discussed along with proposition for new positioning of the beverages of Coca cola. The distribution also plays a major part in a company’s marketing activities.......

Words: 369 - Pages: 2

Wa-4

...Running head: WRITING ASSIGNMENT 4 Ivy Tech Community College Abstract The separation between the church and state has been an immense issue throughout the years and will continue to be an issue. There are many different groups that oppose the idea of keeping the church and state separate, but America is a very diverse country filled with people of different races and who have many different religions and beliefs. I believe that by keeping the church and state separate when dealing with education is beneficial. Writing Assignment 4 The separation of church and state, is the concept to keep religions out of government. It was made to keep the government neutral and so no national religion would ever be established. Over the years is has been a very heated issue. As this issue grows, America grows in population, our nation is the only country where people from many different backgrounds and cultures come together, and with them come all their different religions. History Our nation was started because people craved freedom of religion. Many Pilgrims fled from Great Britain to acquire freedom of religion, because at that time Great Britain had a national religion. It was so important to them to have religious freedom that they gave up all they had. They gave up the security of staying in Great Britain and they travelled to the unknown. Many of them died in the first year they were here. They made a sacrifice to better the lives of their children and everyone......

Words: 1046 - Pages: 5

Analysis 4

...Analysis 4 Steven Young ITT-Tech Analysis 4 As per the president and the vice president of this company, I would recommend the following servers. I think first and foremost should be a Threat management server. The work that is being done is more than likely proprietary. There for the threat of a hacker needs to be MOST important. A print server so that the employees have a center location for printing. Also the amount of printing with GEO pictures could lag a server if this processes was to be on a shared with another service. The remote access server allows users to gain access to files and print services on the LAN from a remote location. For example, a user who works from home or being in the field using any Broadband connection will connect into the remote access server to access files, etc. A file server. This server will store and backup all of the employee’s files. An email server. An email server is a good idea for this type of company. Really any company for anti-virus redundancy. Setup properly, you can keep a few more viruses from getting through. A web server. As a cache to improve performance. Most of DNS queries are shared among lots of computers, if they are cached on our DNS server, clients don't need to connect to internet to resolve it, and a much faster LAN connection will do it. Also we want to name some computers that are only available in the LAN (i.e. on our network, you can't access then from the internet). An app server. ......

Words: 637 - Pages: 3

Chapter 4

...Chapter 4 Types of Change First order: incremental change, maintain and develop the organization, they are changes designed to support organizational comunity and order. Fine-tuning, incremental Adaptive, incremental but recreative: * Individual initiatives: small-scale changes, personal initiatives, identifying and emplementing small-scale changes. Individual ability to create or exploit a tech. 1. Autocratic 2. Meritocratic 3. Social club Second order: discontinuos change “is transformational. Alters org core, not developing but transforming: * Downsizing, restructuring and reengineering are regarded as transformational. Ocurring recommendations for major change with hypercompetitive bussines eviroments: 1. Delayering; vertical levels 2. Networks/alliance; internal and external collaboration 3. Outsourcing; no distinctive competence 4. Dissaggregation, smaller bussines units 5. Empowerment; to provide employees with authority, resources and encouragement to take actions 6. Flexible work groups 7. Short-term staffing; short period, specific issues/tasks 8. Reduction of internal and external boundaries; to encourage communication and resource sharing Reorientation, Re-creation. Transformational Types: * Type 1, org moves from an entrepreneurial to a professional management structure; Apple Computers from an entrepreneurial company, larger professional. * Type 2, revitalization of already-established......

Words: 617 - Pages: 3

Tutorial 4

...Studies Foundation In Science Year 1 Trimester 1 Unit Code Unit Title Session : : : FHSC1114 Physical Chemistry 2016/01 : Ms. Azlina Banu, Mr. Law Soon Pin, Ms. Nabilah, Ms. Jamie Anne, Ms. Phang Ying Ning Tutorial 4: Chapter 4 States of Matter 1. (a) An engineer pumps air at 0 °C into a newly designed piston-cylinder assembly. The volume is measured to be 6.83 cm3. Calculate the temperature (in K) when the volume increases to 9.75 cm3. (Ans: 390 K) (b) A piston-cylinder assembly contains 3.0 g of helium, He, at room temperature. More helium was added to the cylinder and the volume was adjusted so that the gas pressure remained the same. Calculate the mass of helium added to the cylinder if the volume was changed from 2.50 L to 3.70 L. (Ans: 1.44 g) 2. An ideal gas in a 2.08 L container exerts a pressure of 1.00 atm at 0 °C. Determine the required change in temperature to adjust the pressure of gas to 1.65 atm after it has been transferred to a 1.50 L container. (Ans: 51.88) 3. (a) A 10.73 g sample of PCl5 is placed in a 4.00 L flask at 200 °C. Calculate the pressure of the flask. (Ans: 0.5 atm) (b) At 10 °C and 102.5 kPa, the density of dry air is 1.26 g L-1. Find the average molar mass of the dry air under the same conditions. (Ans: 28.94 g mol-1) 4. At 23.5 °C, a balloon is filled with helium (He) to a volume of 12.5 L at a pressure of 1.00 atm. Oxygen (O2) is then added so that the final volume of the balloon is 26.0 L with a total pressure of 1.00 atm.......

Words: 480 - Pages: 2

Week 4

...sales department in a full-service hotel is organized for success? - A successful sales department usually has a fully stocked reference library that contains the following: copies of booking reports from other hotels in the chain, research of past conventions in the city from the Convention and Visitors Bureau, city and state manufacturer directories, pertinent telephone directories, city directories, world convention dates, a directory of associations, and a standard directory of advertiser reference : Walker, John R. Hotel & Restaurant Mgmt for Devry Ebook. Wiley Custom Select, 7/4/09. VitalBook file. 3. What information should be included in a function book entry? - Lists all group business and the guest rooms, meeting space, and other items the hotel has committed for a particular period. Cancellations on a tentative or a definite booking should carry the notation. 4. Why is a one-stop service contract important for an association executive? - In most case, catering manager is a one-stop service contract. This person who will become the main contact, act as representative of the hotel and make all arrangement. The one-stop contact makes communication between association executive and hotel easier and more convenient and save time. 5. What is room pickup, and why is it important to a convention hotel? - Room pickup is the progress of guaranteed reservations received against the number blocked out. All group blockings, including conventions, are......

Words: 1724 - Pages: 7

Unit 4 Assignment 4

...Unit 4 Assignment 4 Non- electronic communication involves the distribution of a message usually in the form of: Reports, Letters, Flow Charts, Invoices and even Verbal Communication amongst employees. This form of communicating is not as popular as it once was, but it provides businesses with other avenues to communicate instead of electronic communication. Furthermore, different types of communication suit contrasting businesses in addition to, the preference of people involved within a business. What Is Non- Electronic Communication? Electronic and Non- Electronic Sources of Business Information Sources of business information can come in a variety of different forms which include: Newspapers, Websites, Books, Posters, Directories, Databases, Government Statistics and so forth. Business information is basically information gathered of relevance to a business and its environment. Businesses use different sources of information as a way of understanding the markets they entering into, their competitors and how the company can grow. Moreover, different sources of business information serve contrasting purposes. Firstly, electronic communication involves the use of technology to distribute a particular message across. Examples of electronic communication include: the use of Mobile Devices, Video conferencing, Twitter, Facebook and other Social Media Websites, as well as, Electronic Mail. This is an effective way of communicating in a business environment as it is cost......

Words: 665 - Pages: 3

Assignment 4

...Assignment 4: Persuasive Paper Part 2: Solution and Advantages Due Week 7 and worth 200 points Using feedback from your professor and classmates, revise Part 1 and develop the solution and identify the advantages of the solution. Note: The disadvantages or challenges with your answers will be in Part 3. Write a six to eight (6-8) page paper in which you: Provide Part I: Revision of A Problem Exists (3-4 pages) 1. Revise, using feedback from the professor and classmates, your Persuasive Paper Part I: A Problem Exists. Develop Part 2: Solution to Problem and Advantages (3-4 pages for 6-8 pages total) 2. Include a defensible, relevant thesis statement clearly in the first paragraph. (The thesis statement may need to be modified to reflect added information and purpose of this part.) 3. Explain a detailed, viable solution that supports your thesis. This should be one or two (1-2) paragraphs. 4. State, explain, and support the first advantage (economic, social, political, environmental, social, equitable, ethical/moral, etc.) to your solution. This should be one or two (1-2) paragraphs. 5. State, explain, and support the second advantage (economic, social, political, environmental, social, equitable, ethical/moral, etc.) to your solution. This should be one or two (1-2) paragraphs. 6. State, explain, and support the third (and fourth if desired) advantage (economic, social, political, environmental, social, equitable, ethical/moral, etc.) to your......

Words: 1708 - Pages: 7

Qht Task 1

...QHT1: Business Management Tasks Task 1: 304.1.3-04 2015 interoffice memorandum to: | Supervisor of XYZ Inc. | from: | | subject: | Quality consideration costs | date: | September 1, 2015 | | | | | Looking over our products, there are three types of costs to utilize when quality considerations are made. These consist of appraisal, prevention, and failure costs. To ensure and achieve good quality and fix any defect before our product reaches the consumer, we must consider appraisal costs. Appraisal costs include the measuring and evaluating of our products to assess compliance with standards. The costs of measuring and evaluating will come from inspections (which will also include the inspectors to conduct the inspections), and testing, which will include the equipment to conduct tests, labs, quality audits, and field testing. Importantly, appraisal costs have the potential to significantly lower any future failure costs that may be incurred. The trade-off for the cost of taking the time and effort to inspect, audit, and conduct field testing will give viable information for not only the company but to the consumer as well that we produce and believe in quality products; resulting in a higher return of quality. To prevent the possibility of defects occurring we must invest in prevention costs. These costs will ultimately aid in consumer satisfaction and decrease products returned on account of defective workmanship by paying an......

Words: 434 - Pages: 2

Homework 4

...value per share of Boehm’s stock? P = D1/(rs – g) Price = $1.50 / (0.15 - 0.07) = $18.75 7-4 Preferred Stock Valuation Nick’s Enchiladas Incorporated has preferred stock outstanding that pays a dividend of $5 at the end of each year. The preferred sells for $50 a share. What is the stock’s required rate of return? Vps = Dps/Rps Vps = $5/$50 = 10% 7-5 Non-constant Growth Valuation A company currently pays a dividend of $2 per share (D0 = $2). It is estimated that the company’s dividend will grow at a rate of 20% per year for the next 2 years, then at a constant rate of 7% thereafter. The company’s stock has a beta of 1.2, the risk- free rate is 7.5%, and the market risk premium is 4%. What is your estimate of the stock’s current price? Stock Return | 16.50% | =0.075+1.2*(0.115-0.04) | Discounted | | | D1 | 2.40 | =2*(1.2)^1 | 2.06 | =2.40/(1+|0.0165|)^1 | D2 | 2.88 | =2*(1.2)^2 | 2.12 | =2.88/(1+|0.0165|)^2 | D3 | 3.08 | =2.88*(1.07) | | | | P2 | 32.44 | =(3.08)/(0.0165-0.07) | 23.90 | =32.44/(1+|0.0165|)^2 | Stocks Current Price | | 28.08 | | | 9-2 After-Tax Cost of Debt LL Incorporated’s currently outstanding 11% coupon bonds have a yield to maturity of 8%. LL believes it could issue new bonds at par that would provide a similar yield to maturity. If its marginal tax rate is 35%, what is LL’s after-tax cost of debt? rd(1 - T) = 0.08(0.65) = 5.2%. 9-4 Cost of Preferred Stock with Flotation Costs Burnwood Tech plans to issue some $60 par......

Words: 399 - Pages: 2

Case 4-4

...Case 04-4 Three Little Pigs, Inc. Three Little Pigs, Inc. (PIGS), a public entity, is a vertically-integrated provider of pork products to the wholesale and retail food service and institutional markets in the United States. The Company produces approximately 4.1 million hogs per year and processes the majority of the hogs in its own facilities. The Company also sells a portion of the hogs produced (live hogs) to outside third parties. PIGS does not have any firm commitments to sell live hogs to third parties, nor does it hedge its live hogs through commodity futures contracts. There are essentially three major categories of hog inventory—live hogs ready for sale, developing animals, and processed pork products. Farmer Joe, CEO of the Company, has represented that the processed pork product prices are sufficient to cover the costs of producing such products, i.e., the wholesale prices of processed pork products, such as loins, hams, and bacon exceed the cost to bring such products to market. As a result, management believes that there is no lower of cost or market issue related to live hogs ready for sale or developing animals that will be internally processed and sold as processed pork products. However, there are live hogs in other locations that cannot be easily transported and processed at the Company’s main processing plants. As a result, these live hogs must be sold to third parties at spot market prices, which have declined, as further discussed below. During the......

Words: 998 - Pages: 4

Chapter 4

... | |Problem 2-19 |(1) Y = $800 + $40X | |Problem 2-21 |(4) Total cost $182,100 | |Problem 2-22 |Cost of shipping finished goods: variable, selling | |Problem 2-23 |(1) Y = $32,000 + $8X | |Problem 2-24 |(1) Total variable cost: $647,000 | |Case 2-26 |(4) Total overhead cost: $89,500 | |Appendix 2A | | |Problem 2A-3 |(3) Total cost: $16,000 | |Problem 2A-4 |(1) Y = $28,352 + $2.58X | |Appendix 2B | ...

Words: 2202 - Pages: 9