would love some insight
Management accounting systems tend to parallel the manufacturing systems they support and control. Traditional manufacturing systems emphasize productivity (average output per hour or per employee) and cost. This was the result of a competitive philosophy that was based on mass producing a few standard products and meeting or beating competitors on price". If a form is going to compete on price, it had better be a low-cost producer. Firms achieve low unit cost for fixed sets of resources by maximizing the utilization of those resources. That is, traditional production strategies, were based on the economies of mass production and maximizing output for a given productive capacity. The United States has experienced over 100 years of unprecedented economic prosperity in large part because innovators like Henry Ford applied these economic principles with a vengeance. Competitors, never being completely satisfied with their present condition were always looking for was to lower the cost of products or services, even further to gain some temporary cost advantage. Additionally, productivity gains were achieved by standardizing work procedures, specializing work, and using machines to enhance the productivity of individual workers. For this discussion address the following: 1. Henry Ford made a now-famous statement that the Mochet "could be had in any color as long as it was black". Explain what you think he meant by this statement, 2. Once understood, the economies of mass production were applied to most sectors of the American economy. Universities, hospitals, and airlines are prime examples. Describe how the concepts of mass production standardization, and specialization have been applied to lower the costs of a college education Your initial post and reply posts to two (2) classmates are due by Monday 9/10 11:55 PM Invour reply posts be sure to explain why you agree or disagree with your classmates position. If you aresource in either your initial post or reoly post, be sure to cite your source Your initial post must meet the 100 minimum word count Please post your word count at the bottom of your initial post. You won't be able to see your classmate's posts until you have posted your initio Management accounting systems tend to parallel the manufacturing systems they support and control. Traditional manufacturing systems emphasize productivity (average output per hour or per employee) and cost. This was the result of a competitive philosophy that was based on mass producing a few standard products and meeting or beating competitors on price". If a firm is going to compete on price, it had better be a low-cost producer. Firms achieve low unit cost for fixed sets of resources by maximizing the utilization of those resources. That is, traditional production strategies, were based on the economies of mass production and maximizing output for a given productive capacity. The United States has experienced over 100 years of unprecedented economic prosperity in large part because innovators like Henry Ford applied these economic principles with a vengeance. Competitors, never belag completely satisfied with their present condition, were always looking for was to lower the cost of products or services, even further to gain some temporary cost advantage. Additionally, productivity gains were achieved by standardizing work procedures, specializing work, and using machines to enhance the productivity of individual workers. For this discussion address the following: 1. Henry Ford made a now-famous statement that the Model T "could be had in any calor as long as it was black". Explain what you think he meant by this statement 2. Once understood, the economies of mass production were applied to most sectors of the American economy. Universities, hospitals, and airlines are prime examples. Describe how the concepts of mass production standardization, and specialization have been applied to lower the costs of a college education. Your initial post and reply posts to two (2) classmates are due by Monday, 5/10 @ 11:55 PM, in your reply posts be sure to explain why you agree or disagree with your classmate's position. If you use a resource in either your initial post or reply post be sure to cite your sources) Your initial post must meet the 100 minimum word count. Please post your word count at the bottom of your initial post. You won't be able to see your classmate's posts until you have posted your initial post. Search on the Unread 40 PM W3/2021
