What is Six Sigma? What is DMAIC?
What will be an ideal response?
Six Sigma is a process improvement approach that is used to find and eliminate errors and defects, reduce cycle times, reduce cost, improve productivity, and meet customer expectations. DMAIC is Six Sigma's problem-solving methodology and includes define, measure, analyze, improve, and control processes.
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Define span of control. What are the various factors that affect the span of control?
What will be an ideal response?
The following information is available for Jimmy Corporation for the month of June: Beginning Inventory ............. 8 units @ $20.00 = $160 Purchased, June 3 ............... 5 units @ $22.00 = $110 Purchased, June 5 ............... 7 units @ $24.00 = $168 Sold, June 9 .................... 9 units Purchased, June 1 . .............. 8 units @ $26.00 = $208 Sold, June 1 . ................... 7
units Given this information, the ending inventory balance using the average cost method is a. $276. b. $302. c. $368. d. $386.