Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Month 1 Class Bakeries wants to extend its quality control strategy to its accounts payable department. With the number of invoices processed each month, management

image text in transcribed
Month 1 Class Bakeries wants to extend its quality control strategy to its accounts payable department. With the number of invoices processed each month, management felt that there could be a significant risk of double paying a creditor, especially since they employed a new accounts payable clerk in May. They employed a specialist firm called AP Consultants. Their two directors, Eric and John sifted for months on end through invoices as well as cheques drawn in order to identity where invoices were paid twice. For the period starting in February 2019 the data is shown in the table below. Total Invoices Received Invoices paid twice February 150 0 March 200 April 200 1 1 May 150 2 150 2 150 3 250 5 250 . June July August September Parti The trial centro-line for the chart that monitor the occurrence of invoices paid twice | Round your answer to 2 decimal places Part The trial upper controllimit for the chart that monitors the occurrence of invoices paid twice for the September data in Round your answer to 3 decimat places Part Which of the following conclusion can be made about this process? Enter 1, 2, 3, or below 1. The process is in control just 2. The process is not in control, a special cause is present 3. The process is not in control in August and September, when a large number of invoices were double pald 4. The process was never in control as we observe an upward trend and this needs to be examined carefully Month 1 Class Bakeries wants to extend its quality control strategy to its accounts payable department. With the number of invoices processed each month, management felt that there could be a significant risk of double paying a creditor, especially since they employed a new accounts payable clerk in May. They employed a specialist firm called AP Consultants. Their two directors, Eric and John sifted for months on end through invoices as well as cheques drawn in order to identity where invoices were paid twice. For the period starting in February 2019 the data is shown in the table below. Total Invoices Received Invoices paid twice February 150 0 March 200 April 200 1 1 May 150 2 150 2 150 3 250 5 250 . June July August September Parti The trial centro-line for the chart that monitor the occurrence of invoices paid twice | Round your answer to 2 decimal places Part The trial upper controllimit for the chart that monitors the occurrence of invoices paid twice for the September data in Round your answer to 3 decimat places Part Which of the following conclusion can be made about this process? Enter 1, 2, 3, or below 1. The process is in control just 2. The process is not in control, a special cause is present 3. The process is not in control in August and September, when a large number of invoices were double pald 4. The process was never in control as we observe an upward trend and this needs to be examined carefully

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

Principles Of Managerial Finance

Authors: Chad Zutter, Scott Smart

16th Global Edition

1292400641, 978-1292400648

More Books

Students also viewed these Finance questions

Question

Cite ways to overcome fear of failure.

Answered: 1 week ago