The Labor Rate Variance is negative, meaning the actual labor rate paid was lower than the standard rate. The Labor Efficiency Variance is positive, indicating fewer labor hours were used than allowed. The total labor variance for October is negative, with a value of -$16,125.
We must determine the labour rate variance and the labour efficiency variance in order to determine the total labour variance for the month of October.
1. Labor Rate Variance:The labor rate variance measures the difference between the actual labor rate paid and the standard labor rate. It is calculated as follows:
Labor Rate Variance = (Actual Labor Rate - Standard Labor Rate) x Actual Hours
In this case:
Actual Labor Rate = $16.75 per hour
Standard Labor Rate = $17.50 per hour
Actual Hours = 32,000 direct labor hours
Labor Rate Variance = ($16.75 - $17.50) x 32,000 = (-$0.75) x 32,000 = -$24,000
The negative value indicates that the actual labor rate paid was lower than the standard labor rate.
2. Labor Efficiency Variance:The labor efficiency variance measures the difference between the actual labor hours used and the standard labor hours allowed. It is calculated as follows:
Labor Efficiency Variance = (Actual Hours - Standard Hours) x Standard Labor Rate
In this case:
Actual Hours = 32,000 direct labor hours
Standard Hours = 31,550 hours (as per the standard cost sheet)
Standard Labor Rate = $17.50 per hour
Labor Efficiency Variance = (32,000 - 31,550) x $17.50 = $7,875
The positive value indicates that fewer labor hours were used compared to the standard hours allowed.
3. Total Labor Variance:The total labor variance is the sum of the labor rate variance and the labor efficiency variance:
Total Labor Variance = Labor Rate Variance + Labor Efficiency Variance
Total Labor Variance = -$24,000 + $7,875 = -$16,125
The total labor variance for the month of October is -$16,125
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i will give $1000 to someone that can help me with this. and im being serious
Answer:
shell say to get your team together and lead if can do it do it, if you cant, don't
Explanation: you're the team leader you're supposed to be able to make decisions even the hard ones
Rick has three credit cards he uses for gas, entertainment, and groceries. All card balances are close to the limit, and he forgot to make a monthly payment on one card two months ago. What could be a future consequence of this behavior?
a
A higher interest rate
b
Garnishment of benefits
c
A better credit score
d
Loss of all credit
The future consequence of this behavior would be as A higher interest rate Option(a) is correct.
What is a Credit Card?A Credit card is an installment card gave to clients (cardholders) to empower the cardholder to pay a trader for labor and products in light of the cardholder's gathered obligation i.e., vow to the card backer to pay them for the sums in addition to the next concurred charges.
A Standard credit card is unique in relation to a charge card, which requires the equilibrium to be reimbursed in full every month or toward the finish of every assertion cycle. Conversely, credit cards permit the shoppers to fabricate a proceeding with equilibrium of obligation, likely to intrigue being charged.
A Credit card contrasts from a charge card likewise in that a credit card ordinarily includes an outsider substance that pays the merchant and is repaid by the purchaser, while a charge card just concedes installment by the purchaser until a later date.
Therefore Option(a) is correct.
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Georgina decides to take a dozen cupcakes to school to sell so she can raise money for her school trip to New Orleans. She prices the cupcakes at $0.50 each. With in 15 minutes she has sold all of her cupcakes, and through out the day teachers and students ask her if she has anymore.
This market model is in a [______]?
This is for a economics class I didn't know what catagory to pick
Answer:
Shortage
Explanation:
I got it correct because I watched the given recording.
Georgina decides to take a dozen cupcakes to school to sell so she can raise money for her school trip to New Orleans. This market model is in a "competitive market".
Georgina operates in a competitive market characterized by high demand and a desirable product: her cupcakes. The price point of $0.50 each aligns with the perceived value which is resulting in swift sales within 15 minutes.
Subsequent inquiries from both teachers and students demonstrate sustained interest indicating that Georgina's cupcakes have achieved product-market fit.
Georgina's success in selling all cupcakes swiftly and generating ongoing inquiries highlights a well-balanced market equilibrium within the school community.
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Once a corrective action plan is started, the corrective actions must be monitored annually to ensure they are effective. True or false?.
It is false that Once a corrective action plan is started, the corrective actions must be monitored annually to ensure they are effective.
What is a corrective action plan?This is the term that is used to refer to the step by step plan that us used to achieve outcomes and also help in the identification of errors. The goal is to be able to correct the causes of error.
Based on this question, it is false that Once a corrective action plan is started, the corrective actions must be monitored annually to ensure they are effective.
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What is cold Storewhat is cold Store
Answer:
Explanation:
Cold
what is our role in taking care of earth? *idk how to start a sentence*
Answer:
Our earth is a nice place and to keep it nice we need to do these things: and so on
Which act prohibits an employer from paying an employee of one gender less money than an employee of the opposite gender where the jobs require equal skills, effort, and responsibility and are performed under similar working conditions
Answer:
Equal pay act
Explanation:
The equal pay act refers to that act in which the men and women are treated equally and therefore they give equal pay for doing the work. Also, in the united states, it prohibits gender-based discrimination.
Therefore in the given case since the requirement of the job is equivalent to the skills, effort, duties, responsibilities and contains the similar working conditions but it would prohibited the case of not following the equal pay due to the difference in gender
so this is a case fo equal pay act
Tombert Decorating uses a job order cost system to collect the cost of its interior decorating business. Each client's consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Listed below are data for the current year:
Estimated overhead $960,000
Actual overhead $982,800
Estimated decorator hours 40,000
Actual decorator hours 40,500
The company uses Operating Overhead in place of Manufacturing Overhead.
Prepare the entry to apply the overhead for the year.
To apply the overhead for the year, you need to calculate the predetermined overhead rate based on the estimated overhead and estimated decorator hours. The predetermined overhead rate is calculated by dividing the estimated overhead by the estimated decorator hours.
Predetermined Overhead Rate = Estimated Overhead / Estimated Decorator Hours
In this case, the estimated overhead is $960,000 and the estimated decorator hours are 40,000. Therefore, the predetermined overhead rate is $24 per decorator hour.
Next, you need to apply the overhead to the actual decorator hours incurred. Multiply the predetermined overhead rate by the actual decorator hours to determine the overhead applied.
Overhead Applied = Predetermined Overhead Rate x Actual Decorator Hours
Given the actual decorator hours of 40,500, the overhead applied is calculated as $24 per decorator hour multiplied by 40,500 decorator hours, resulting in an overhead applied amount of $972,000.
After applying the overhead, you need to compare the applied overhead to the actual overhead incurred. Calculate the under- or over-applied overhead by subtracting the overhead applied from the actual overhead.
Under- or Over-Applied Overhead = Actual Overhead - Overhead Applied
Given the actual overhead of $982,800 and the overhead applied of $972,000, the under-applied overhead is calculated as $982,800 - $972,000, resulting in $10,800.
Finally, you prepare the entry to apply the overhead by making the appropriate debit and credit entries. Debit the Work in Process (or Job Cost) account for the amount of overhead applied ($972,000) and credit the Operating Overhead (or Manufacturing Overhead) account for the amount of under-applied overhead ($10,800).
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hey um hi if you need help leeme know ig ·ω·
Answer:
Explanation:
ok ty hehe
what is the difference between GAAP and IFRS?
Answer:
GAAP is rules-based and IFRS is principles-based.
Piazza Co. purchased a machine on July 1, 2020, for $1,000,000. The machine has an estimated useful life of five years and a salvage value of $200,000. Using the declining- balance method. For the year ended December 31, 2021, Piazza should record depreciation expense on this machine of
To calculate the depreciation expense for the year ended December 31, 2021, using the declining-balance method, we need to determine the depreciation rate and the carrying value of the machine. Piazza should record the depreciation expense on this machine of $400,000 for the year ended December 31, 2021, using the declining-balance method.
The declining-balance method uses a fixed depreciation rate applied to the carrying value of the asset. The depreciation rate is typically double the straight-line depreciation rate.
First, we need to calculate the straight-line depreciation rate:
Straight-line depreciation rate = 1 / useful life
Straight-line depreciation rate = 1 / 5 years = 0.2 or 20%
Since the declining-balance method uses a double depreciation rate, the declining-balance depreciation rate will be 2 times the straight-line depreciation rate:
Declining-balance depreciation rate = 2 * 20% = 40%
Next, we calculate the depreciation expense:
Depreciation expense = Carrying value at the beginning of the year * Declining-balance depreciation rate
To calculate the carrying value at the beginning of the year, we subtract the accumulated depreciation from the original cost of the machine:
Carrying value at the beginning of the year = Cost of the machine - Accumulated depreciation
Assuming no accumulated depreciation has been recorded prior to 2021, the carrying value at the beginning of the year would be the original cost of the machine:
Carrying value at the beginning of the year = $1,000,000
Now, we can calculate the depreciation expense for the year ending December 31, 2021:
Depreciation expense = $1,000,000 * 40% = $400,000
Therefore, Piazza should record the depreciation expense on this machine of $400,000 for the year ended December 31, 2021, using the declining-balance method.
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Write any five methods of getting information of foreign employment and discuss any one of them.
Answer:
May it will help you
Explanation:
1) Notice board
2) Book of introduction
3) Institutions work working under the ministry of labour
4) Authority of human resources
5) Manifestos of training institutions
6)Web site
7) Newspapers
8) Public meeting :the manpower company, training institutions and institutions of public counseling are working in the field of foreign employment in nepal.
They come to the direct or indirect contact of people through various programmes of interaction, seminar, and meeting.
9)Radio and television
Foreign employment getting information through Notice board, Book of introduction, Authority of human resources, Web site, and Newspapers.
Who is Foreign employment?
Public meeting: When the manpower company, training institutions, and institutions of public counseling are working in the field of foreign employment in Nepal.
Although, They come to direct or indirect contact with people through various programs of interaction, seminars, and meetings.
Also, Foreign employment getting information through Institutions work working under the ministry of labor, Manifestos of training institutions, Radio, and television
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Discuss one or more examples of anopportunity cost an accountant might not count as a cost. As partof your reply, state why the accountant might ignore thiscost.
One example of an opportunity cost that an accountant might not count as a cost is the cost of time. When a company chooses to pursue a certain project or investment, they are also choosing to allocate their time towards that endeavor. However, the accountant may not include the cost of time in their calculations because it is not a tangible expense that can be easily quantified.
Another example of an opportunity cost that may be ignored by accountants is the cost of lost potential. For example, if a company decides to invest in a certain project, they are also giving up the potential gains they could have made if they had invested in a different opportunity. However, the accountant may not count this cost because it is difficult to predict the outcome of different investment choices and therefore cannot be accurately measured.
In both cases, the accountant may choose to ignore these opportunity costs because they are subjective and difficult to quantify, making it challenging to accurately include them in financial calculations. Additionally, focusing on these opportunity costs may not provide a clear picture of the financial health of the company and may not be necessary for decision-making purposes.
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How do depreciating assets hurt your financial health?
a. They decrease your net worth.
b. They increase your discretionary spending.
d. They lower your FICO score.
c. They increase your equity.
Answer:
A
Explanation:
net worth is based on assets and income so if assets decrease your net worth decreases
Some HR workers investigate possible company violations. Why is it important for these workers to reserve judgment and be impartial? Explain in your own words. Then, imagine a situation in which someone may NOT reserve judgment and/or may NOT be impartial. Describe that situation.
To ensure a fair and impartial investigation, HR employees investigating potential company violations must reserve judgment and remain impartial.
Why is it critical for these employees to exercise impartiality and reserve judgment?HR professionals can gather all relevant data, facts, and evidence if they are impartial, and then evaluate it without having any preconceived notions or personal biases. They are able to make sound decisions using this strategy rather than relying on their own irrational thoughts or feelings to make decisions.
A situation in which the HR worker conducting the investigation is personally connected to or has a close relationship with the accused party could indicate that the individual may NOT reserve judgment or be impartial.
In such a scenario, the HR employee may feel compelled to safeguard their friend or coworker, which may result in a biased investigation and a result that does not accurately reflect the situation. The HR department's impartiality and integrity could be questioned in this scenario, which would jeopardize the investigation.
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suppose that $2500 is invested in an account that pays interest compounded continuously. find the amount of time that it would take for the account to grow to $3500 at
The annual interest rate required for the account to grow from $2500 to $3500 in one year with continuous compounding is 40.55%.
Assuming an annual interest rate of r, the time (in years) it takes for an initial investment P to grow to a future value F with continuous compounding can be found using the formula t = ln(F/P) / (r), where ln is the natural logarithm.
To solve the problem, we can plug in the values given: P = $2500, F = $3500, and r is unknown. Then, we can solve for r using the formula:
t = ln(F/P) / (r)
t = ln($3500/$2500) / (r)
t = 0.4055 / (r)
Now, we need to find the value of r that makes t = 1, since we are looking for the time it takes to grow from $2500 to $3500 in one year:
1 = 0.4055 / (r)
r = 0.4055
Therefore, the annual interest rate required for the account to grow from $2500 to $3500 in one year with continuous compounding is 40.55%.
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Human resources in the hospitality industry is responsible for ______
Answer:
keeping the customer healthy and safe and
Explanation:
Which of the following is an example of a game where the customer can choose their own numbers?
An example of a game where the customer can choose their own numbers is; Mega millions.
Playing the Mega millions gameMega Millions is a game whose tickets cost $2.00 per play. Players may pick six numbers from two separate category of numbers;
Five different numbers from 1 to 70 (the white balls) and One number from 1 to 25 (the gold Mega Ball)The jackpot is hit when all six numbers match the six drawn numbers.
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Nick and Ethan would like to start a new business selling a product new to the United States. They have done a considerable amount of research on this product and think it would be successful. However, they are still concerned about the risk of a new venture and both would like to avoid losing any personal assets. They should organize their firm as a:___________
Nick and Ethan should organize their firm as a Corporation.
What is a corporation?A corporation, is often known as a C corp. This is described as a kind of a legal entity that is said to be separate from all of its owners.
The Corporations is one that can make a profit, and they can be taxed, and also be held legally liable.
The Corporations is known to give a kind of the strongest protection to its owners from any kind of personal liability.
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Shane is trying to become better active reader. He has spread his reading assignments over the course of a few days, reads when he is most alert, and only reads in place where he can concentrate. What else can he do to be a better active reader?
Answer: Annotate the text
Explanation:
The options include:
Rewrite what he reads.
Annotate the text.
Try to visualize the text in his head.
Read more pages per day.
Based in the information given, another thing that Shane can do to be a better active reader is for him to annotate the text.
Annotating the text simply means that he can highlight the texts or underlining the key information in the text. He can also write few notes by the margins to help him understand what he's reading better.
Which statement best explains the decrease in manufacturing jobs over the next few years?
1)There is not enough demand for manufactured goods.
2) These jobs are often outsourced to overseas factories.
3)There are not enough skilled workers to fill the positions.
4)The cost of technical training and on-the-job training is high.
Answer:
2) These jobs are often outsourced to overseas factories.
Explanation:
The correct option is B. These jobs are often outsourced to overseas factories which best explains the decrease in manufacturing jobs over the next few years.
What is the effect of outsourcing jobs?Outsourcing jobs enables American businesses to compete more effectively on a global scale. With abroad branches, they are able to sell to foreign markets. By employing in developing nations with lesser standards of living, they maintain low labor prices. As a result, the prices of the commodities they ship back to the US are reduced.
Production outsourcing has significant effects on labor and material costs, with a tendency to drive up material costs and drive down labor costs. This study also demonstrates that process techniques do not moderate the impact of high levels of supplier integration on total COGS.
The best choice is B. The loss in manufacturing jobs over the next years can be best explained by the fact that these positions are frequently outsourced to manufacturers in other countries.
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sharon guenther and robert firmin, both of whom are CPAs, form a partnership, with Guenther investing $100,000 and Firmin, $80,000. They agree to share net income as follows: 1. Salary allowances of $80,000 to Guenther and $50,000 to Firmin. 2. Interest allowances at 15 percent of beginning capital account balances. 3. Any partnership earnings in excess of the amount required to cover the interest and salary allowances to be divided 60 percent to Guenther and 40 percent to Firmin. The partnership net income for the first year of operations amounted to $247,000 before interest and salary allowances. Show how this $247,000 should be divided between the two partners.
The $247,000 net income should be divided as $149,000 to Sharon Guenther and $98,000 to Robert Firmin.
To determine how the net income should be divided between Sharon Guenther and Robert Firmin, follow these steps:1. Calculate the salary allowances for each partner:
Guenther: $80,000
Firmin: $50,000
2. Calculate the interest allowances for each partner based on 15% of their beginning capital account balances:
Guenther: $100,000 * 0.15 = $15,000
Firmin: $80,000 * 0.15 = $12,000
3. Subtract the salary and interest allowances from the total net income of $247,000:
Total salary allowances: $80,000 + $50,000 = $130,000
Total interest allowances: $15,000 + $12,000 = $27,000
Remaining net income: $247,000 - $130,000 - $27,000 = $90,000
4. Divide the remaining net income of $90,000 between Guenther and Firmin based on their agreed percentages:
Guenther: $90,000 * 0.60 = $54,000
Firmin: $90,000 * 0.40 = $36,000
5. Sum up each partner's share of net income by adding their salary allowances, interest allowances, and remaining net income:
Guenther: $80,000 + $15,000 + $54,000 = $149,000
Firmin: $50,000 + $12,000 + $36,000 = $98,000
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A law-enforcement officer or government agent doesn't need a search warrant to search the premises of a munitions factory.
It is false that a law-enforcement officer or government agent doesn't need a search warrant to search the premises of a munitions factory.
Who is a law enforcement officer?A law-enforcement officer is an individual who have been endorsed by the government to ensure compliance of laws and regulation.
An agent must obtain a search warrant before conducting a search of any premises. One of the Amendment of the US Constitution protects citizens against unreasonable searches and seizures, and a warrantless search would be considered unconstitutional. In order to obtain a warrant, the officer must provide probable cause to a judge, who will then issue the warrant if the cause is deemed sufficient
Therefore, a law-enforcement officer or government agent need a search warrant to search the premises of a munitions factory.
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Use the following information for the Exercises below. (Algo) Skip to question [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash $ 26,517 $ 30,075 $ 31,325 Accounts receivable, net 75,332 54,780 42,628 Merchandise inventory 96,629 73,097 47,247 Prepaid expenses 8,286 7,895 3,516 Plant assets, net 238,225 217,764 201,484 Total assets $ 444,989 $ 383,611 $ 326,200 Liabilities and Equity Accounts payable $ 110,802 $ 64,830 $ 44,350 Long-term notes payable 83,658 86,466 73,532 Common stock, $10 par value 162,500 163,500 163,500 Retained earnings 88,029 68,815 44,818 Total liabilities and equity $ 444,989 $ 383,611 $ 326,200 For both the current year and one year ago, compute the following ratios: Exercise 17-6 (Algo) Common-size percents LO P2 1. Express the balance sheets in common-size percents. 2. Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total assets favorable or unfavorable?
Answer:
hello
Explanation: the awnser is tooooo long! sorry...
Which of the following is a reason that your company might not want to increase its market share?
A.
The market saturation for your product is low.
B.
Many of your company's competitors have bad reputations.
C.
Your company has a limited capacity for producing your product.
D.
The price of your product is very competitive.
Answer:
C: Your company has a limited capacity for producing your product.
Explanation:
hope this helps!
How many programs does GA technology have related to stem programs
GA Technology currently offers four STEM programs: Code & Design, Web Development, Data Science, and UX Design.
What are programs?Generally, Programs are sets of instructions that tell a computer what to do. They are written in programming languages such as C, C++, Java, Python, Ruby, and HTML. These instructions tell the computer how to perform tasks such as displaying output, manipulating data, and interacting with users. Programs are used to create applications, websites, and other software.
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you purchase a ticket to a baseball game that you value at $40. you pay $35 for the ticket. unfortunately you lose the ticket. what is the maximum you would be willing to pay for a new ticket if the value of seeing the baseball game remains the same?
If you lose the baseball game ticket which was valued at $40 and you paid $35 for it, the maximum you would be willing to pay for a new ticket if the value of seeing the baseball game remains the same is $40.
It is reasonable to assume that the person who lost the ticket values the game at $40. That is what the ticket is worth, but he purchased it for $35. It is unlikely that he would be willing to pay more than $40 for a new ticket. As a result, the maximum he would be willing to pay is $40, since that is what the game is worth to him.
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What is down payment with regarding to buying a house?
During the year, Rajeev makes the following transfers.
$1,000 to his mayor's reelection campaign.
$21,000 to his aunt, Ava, to reimburse her for what she paid the hospital for her gallbladder operation.
$18,000 paid directly to the surgeon who performed Ava's gallbladder operation.
$22,000 to purchase a used car for his son to use at college.
Which of these transfers are subject to the Federal gift tax? (Include the total amount, and disregard the annual exclusion.)
The transfer subject to the Federal gift tax is $22,000, which is the amount used to purchase the used car for his son to use at college.
The Federal gift tax is a tax imposed on the transfer of property or assets by one individual to another without receiving full value in return. Not all transfers are subject to the gift tax, as there are exemptions and exclusions in place. In this case, the following transfers need to be considered:
$1,000 to his mayor's reelection campaign: This is considered a political contribution rather than a transfer of property or assets to an individual, so it is not subject to the Federal gift tax.
$21,000 to his aunt, Ava, to reimburse her for what she paid the hospital for her gallbladder operation: This transfer is a reimbursement of expenses and not a gift, so it is not subject to the Federal gift tax.
$18,000 paid directly to the surgeon who performed Ava's gallbladder operation: Similar to the previous transfer, this is a payment for services rendered and not a gift, so it is not subject to the Federal gift tax.
$22,000 to purchase a used car for his son to use at college: This transfer involves the transfer of property (the used car) to his son. Since it exceeds the annual exclusion limit (disregarding the annual exclusion as instructed), it is subject to the Federal gift tax.
The transfer subject to the Federal gift tax is $22,000, which represents the amount used to purchase the used car for Rajeev's son to use at college. The other transfers described in the scenario do not qualify as gifts subject to the gift tax.
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hi, need answers for these
questions
Taiichi Ohno originally assembled what he thought were the "7 Deadly Wastes" most commonly found in an organisation. (3 marks) i. Identify the "7 Deadly Wastes" as defined by Taiichi Ohno. (4 marks) i
Answer: Transportation, inventory, motion, awaiting, overprocessing, excessive production, and defects are the "7 Deadly Wastes" that Taiichi Ohno named.
Explanation:
These wastes were recognised by Taiichi Ohno, the inventor of the Toyo Production System, as impediments to effective production and value generation.
Transportation is the term used to describe the pointless movement of goods or resources.
Inventory is overstock that consumes resources and may result in waste.
Motion is defined as unneeded movement or worker actions that do not advance the production process.
Waiting denotes wasted time or gaps in the flow of production that lead to inefficiency.
Overprocessing refers to the addition of more value than is required or desired by the client.
Overproduction results in waste and surplus inventory when more is produced than is necessary.
Products or processes with defects need to be reworked or discarded since they don't fulfil quality requirements.
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