mod 12.docx - Brooks Reierson Module 12 1 In what way are...

This preview shows page 1 out of 1 page.

Brooks Reierson Module 12 1. In what way are time standards used for effective production control? Production control involves scheduling, routing and expediting. Time standards are the basis of all scheduling including long-range, firm-order, and detailed-operating scheduling. 2. How do time standards allow the accurate determination of labor costs? Labor cost are accurately determined by multiplying the reciprocal of the efficiency of the department by the average daywork rate. This would give the hourly direct labor cost based on standard production. Under incentive wage payment the standard multiplied by the base rate would provide the direct labor cost based upon standard production. 3. Explain how inventory and storage areas can be predicted accurately. Time standards allow the accurate computation of machine, department, and plant capacity. This information supplemented with demand requirements allows the calculation of in-process storage and
Image of page 1

{[ snackBarMessage ]}

Get FREE access by uploading your study materials

Upload your study materials now and get free access to over 25 million documents.

Upload now for FREE access Or pay now for instant access
Christopher Reinemann
"Before using Course Hero my grade was at 78%. By the end of the semester my grade was at 90%. I could not have done it without all the class material I found."
— Christopher R., University of Rhode Island '15, Course Hero Intern

Ask a question for free

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern