Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

. In Production there are 5 Process Types . Give one Real-Life example of Job Shop one Real-Life example of Continuous Process ( C. P.

. In Production there are 5 Process Types . Give one Real-Life example of Job Shop one Real-Life example of Continuous Process ( C. P. )
Keeping these examples as reference points explain in detail the following :
( J. S.) and
a. Cost Estimation - why difficult in J.S. and routine in C.P.
b. Cost per Unit - why high in J.S. and low in C.P.
c. Equipment Used : general purpose for J.S. and Special Purpose for C.P.
d. Fixed Cost : Low in J.S. and High in C.P.
e. Variable Cost : High in J.S. and Low in C.P
f. Labor Skills : High in J. S. Low in C.P.
g. Marketing : Promote Capabilities in J.S. and promote Standardized goods and services in
C.P.
h. Scheduling : Complex in J.S. and Routine in C.P.
i. WorkinProcess(WIP):HighinJ.S.,LowinC.P.
Remember J.S. stands for Job Shop and C.P. stands for Continuous Process .

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing And Assurance Services An Integrated Approach

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley

11th Edition

0131867121, 978-0131867123

More Books

Students also viewed these Accounting questions

Question

Define observational learning.

Answered: 1 week ago

Question

please dont use chat gpt or other AI 6 0 5 .

Answered: 1 week ago