[jamiehenn]

Q1 Kaizen Costings different to standard costing. JIT issues implementing and a calc on cost benefit analysis. Then six sigma and applying to JIT and Kaizen Costing
Q2 Schools with problems with league tables and value for money 3es with a measurement for each
Q3 VBM , changes from current measurements ROCE to VBM ie EVA.Then a 5 mark EVA calc

Was very surprised with lack of calcs in exam especially thrown by a cost benefit analysis.didnt spend too much time on it .It was 15 marker but issues with JIT was likely 5 marks out of that 15. Probably picked up for a few marks for a couple of savings such as cost saved on employees. It wasnt layed out very well.Also mentioned the near 90% decrease in inventory holding but there wasnt info too much fin info on that inv holding cost only that provisions increased from one year to the next

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