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- Critically evaluate the importance of SCM in manufacturing industry.Discuss how manufacturing processes are organised?The following information has been extracted from the cost information system of Kevianmanufacturers ltd for the last 12 weeks in the year ended 31st December 2020 Required:a) Using the high-low cost estimation method develop a cost estimation function for Production department Overhead Cost using the Machine hours as the activity level. b) The actual Production Department Overhead Cost in week 12 from above is 963,000. Using the machine hours of 48, direct labour hours of 38 from week 12 explain which of the two cost functions developed above is more accurate. c)Calculate and interpret the coefficient of Determination (R^2) using the cost estimation function derived using the Machine hours as the activity level.
- K Consider the everyday task of getting to work on time or arriving at your first class on time in the morning. Complete a fish-bone chart detailing reasons why you might arrive late in the morning. Identify each possible source of error. Material Methods Machinery Manpower Complete the fish-bone chart by matching each number in the chart with the corresponding reason. Click the icon to view the partially completed fish-bone chart. Number I 11 ||| IV The road Driving My car Family or me Reason ▼ ▼ ▼ 4How do you differentiate Inbound and Outbound Logistics in a Manufacturing Business as to: 1. Product Concern 2. Sourcing of Products PLEASE ANSWER ASAPA company has two alternatives for meeting a customer requirement for 8,000 units of a specialty molding. If done in-house, fixed cost would be $345,000 with variable cost at $35 per unit. Alternative two is to outsource for a total cost of $80 per unit. Determine the break-even point. Round your answer to the nearest whole number. ______________ units Determine if they should make the item in-house or outsource it. Round your answers for total costs and savings to the nearest dollar. Total cost if done in-house: $ _____________ Total cost if outsourced: $ _______________ So, the company should do the work in house and save $_______.