Lean Production – Knowsia

MA – Mar 2025 – L2 – Q2 – Budgetary control

Explain eight stages in the budgeting process for a manufacturing organization.

Question

a) The preparation of budgets is a lengthy process which requires great care if the ultimate master budget is to be useful for the purposes of management control within an organisation. Required: Explain EIGHT stages involved in the budgeting process in a manufacturing organisation

b) Budgeting serves a number of useful purposes. They include planning annual operations, coordinating the activities of the various parts of the organisation, communicating plans to various responsibility centre managers among others. Notwithstanding these useful purposes, budgeting has been criticised for several reasons. Required: Identify FIVE criticisms of budgeting.

c) Despite the benefits of minimised inventory cost, waste elimination and quick turnaround time for customers, a lean production model is beset with inherent limitations. Required: Explain FOUR limitations to the efficient implementation of a lean production model in an organization.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Inventory Management, Lean Production, Limitations, Production Efficiency
Level: Level 2

Topic: Models of evaluation Quality
Series: MAR 2025

MI – Mar-Jul 2020 – L1 – SB – Q2a – Costing Techniques

List the characteristics of a Just-In-Time (JIT) environment in manufacturing.

Question

The aim of the just-in-time system is to produce the required items with high quality and at the exact time required.

i. List FIVE characteristics of the just-in-time environment. (5 Marks)
ii. List FIVE benefits from the just-in-time system. (5 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cost Management, Costing Techniques, Inventory Management, Just-in-Time, Lean Production
Level: Level 1

Topic: Costing Techniques
Series: MAR/JULY 2020

MA – Mar 2025 – L2 – Q2 – Budgetary control

Explain eight stages in the budgeting process for a manufacturing organization.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Inventory Management, Lean Production, Limitations, Production Efficiency
Level: Level 2

Topic: Models of evaluation Quality
Series: MAR 2025

MI – Mar-Jul 2020 – L1 – SB – Q2a – Costing Techniques

List the characteristics of a Just-In-Time (JIT) environment in manufacturing.

Question

The aim of the just-in-time system is to produce the required items with high quality and at the exact time required.

i. List FIVE characteristics of the just-in-time environment. (5 Marks)
ii. List FIVE benefits from the just-in-time system. (5 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cost Management, Costing Techniques, Inventory Management, Just-in-Time, Lean Production
Level: Level 1

Topic: Costing Techniques
Series: MAR/JULY 2020

Question Tag: Lean Production

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

MA – Mar 2025 – L2 – Q2 – Budgetary control

Explain eight stages in the budgeting process for a manufacturing organization.

MI – Mar-Jul 2020 – L1 – SB – Q2a – Costing Techniques

List the characteristics of a Just-In-Time (JIT) environment in manufacturing.

MA – Mar 2025 – L2 – Q2 – Budgetary control

Explain eight stages in the budgeting process for a manufacturing organization.

MI – Mar-Jul 2020 – L1 – SB – Q2a – Costing Techniques

List the characteristics of a Just-In-Time (JIT) environment in manufacturing.

Our offerings

Contact Info

Customer

Get In Touch

Question Tag: Lean Production

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

MA – Mar 2025 – L2 – Q2 – Budgetary control

Explain eight stages in the budgeting process for a manufacturing organization.

You're reporting an error for "MA – Mar 2025 – L2 – Q2 – Budgetary control"

MI – Mar-Jul 2020 – L1 – SB – Q2a – Costing Techniques

List the characteristics of a Just-In-Time (JIT) environment in manufacturing.

You're reporting an error for "MI – Mar-Jul 2020 – L1 – SB – Q2a – Costing Techniques"

MA – Mar 2025 – L2 – Q2 – Budgetary control

Explain eight stages in the budgeting process for a manufacturing organization.

You're reporting an error for "MA – Mar 2025 – L2 – Q2 – Budgetary control"

MI – Mar-Jul 2020 – L1 – SB – Q2a – Costing Techniques

List the characteristics of a Just-In-Time (JIT) environment in manufacturing.

You're reporting an error for "MI – Mar-Jul 2020 – L1 – SB – Q2a – Costing Techniques"

Our offerings

Contact Info

Customer

Get In Touch

admin