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I could not figure out the key difference between “limiting factor analysis” and “key factor analysis”
Key factor analysis is limiting factor analysis when there is only one limiting factor.
When that are 2 or more limiting factors, then it is still limiting factor analysis but we have to use linear programming rather than key factor analysis.
hi i really need help
The exam 1 june 2015 mcq section
I Looked at your video pertaining to that but i still didn’t figure it out.
#11 goes like that
A co. manufactures three different products using different amounts of the same grade of labour which is in short supply.
the question gave us the numbers to work with.
The requirement was (what order should the products be manufactured in to ensure that profit is maximised?After reading the question, i got my answer but I was wrong. I used Sales – VC cost ( MATERIAL ONLY) to get my contribution.The solution used( material,labour,variable oh) . i got confused because as soon as I saw ranking,I assumed it was throughput
What are some ways to figure out whether key factor analysis or throughput being asked? ( also pertaining to this question)I am just confused as to how to determine whether they want Traditional or Throughput?
I watched all the lectures and I read the lecture notes.A question will always state if you are required to use throughput accounting. If it doesn’t state it then you use traditional key factor analysis.
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