Zero-balance account Union Company is considering establishment of a zero-balance account. The firm currently maintains an average balance of $420,000 in its disbursement account. As compensation to the bank for maintaining the zero-balance account, the firm will have to pay a monthly fee of $1,000 and maintain a $300,000 non-in
Baxter Company developed the following data for the current year: Beginning work in process inventory $150,000 Direct materials used 90,000 Actual overhead 180,000 Overhead applied 135,000 Cost of goods manufactured 165,000 Total manufacturing costs 450,000 Baxter Company's direct labor
This article is about the high turnover rate of Lima employees. The organization is actively restructuring their internal framework in order to reduce costs and gain more productivity. Initially the organization had three-eight hour shifts, the company decided to integrate two 12 hour shifts instead because the organization determined that it was a cost effective option with increased performance potential. Unfortunately, there were some issues with the hourly workers versus the line workers, they considered the organization facilitated an uneven playing field for the reason that a very small amount of employees were college graduates, the graduates would have access to promotions and high-salary paying jobs despite the tenure of employees that has been with the organization for several years. The high turnover was a direct reflection of the percentage of employees that possess a college degree in which case current employees have the minimum qualifications but not enough to meet the overwhelming production demands. The organization feels that a formal training method would enable employees to become more knowledgeable of company policies and procedures especially in terms of labor relations. A formal training approach may reduce turnaround and enable the company to retain and retrain their employees. Consequently, employees were dissatisfied with the current employment structure and felt undervalued and overworked as a result. Lima's performance objectives declined significantly, for the reason that only 45% of the new hires were able to pass the entrance exam and/or skills aptitude tests. If more employees and/management were equipped with a college degree, the organization would be in a much better competitive position.
Summary of the case This article is about the high turnover rate of Lima employees. The organization is actively restructuring their internal framework in order to reduce costs and gain more productivity. Initially the organization had three-eight hour shifts, the company decided to integrate two 12 hour shifts instead beca
Use a weighted scoring model to choose between three locations (A,B,C) for setting up a factory. The relative weights for each criterion are shown in the following table. A score of 1 represents unfavorable, 2 satisfactory, and 3 unfavorable. Category Weight A B C
Provide reasons why a union leader might be hesitant to engage in a joint participation process. In other words, what is it about a participation process that might bother a union leader? Would these factors influence you if you were a union leader?
The relevant range for monthly activity is expected to be between 8,000 and 12,000 direct labor hours. Instructions : Prepare a flexible budget for a monthly activity level of 8,000 and 9,000 direct labor hours. Data concerning manufacturing overhead for Firuliru Company are presented below. The Mixing Department is a
Blue Company applies overhead based on direct labor hours. At the beginning of the year, Blue estimates overhead to be $480,000, Machine hours to be 120,000, and Direct Labor to be 80,000. During January, Blue has 6700 direct labor hours and 11000 machine hours. a. What is the predetermined overhead rate? 1. $6 per direct labor hour 2. $40,200 3. $4 per machine hour 4. $44,000 5. none of the above b. What is the amount of overhead applied for January? c. If the actual overhead for January is $41,000, what is the overhead variance and is it overapplied or underapplied?
7. Blue Company applies overhead based on direct labor hours. At the beginning of the year, Blue estimates overhead to be $480,000, Machine hours to be 120,000, and Direct Labor to be 80,000. During January, Blue has 6700 direct labor hours and 11000 machine hours. a. What is the predetermined overhead rate? 1. $6 per di
Arrow Industries employs a standard cost system in which direct materials inventory is carried at standard cost. Arrow has established the following standards for the direct costs of one unit of product: Quantity Price Cost Direct materials 8 pounds $1.80 per pound $14.40 Direct labor 0.25 hour $8.00 per hour 2.00_ $16.40 Du
Unionized employees in both plants are currently bargaining over a labor contract with the management of their respective companies.
Plants A and B both manufacture refrigerators and are located in the same state. The plants, however, are owned by different companies, Company A and Company B. Plant A is the only plant in Company A that manufactures refrigerators while in Company B there are a number of plants manufacturing refrigerators (including Plant B). U
Productivity What is the production (output per hour) for each alternative? What is the productivity (output per labor hour)?
A local market research firm has just won a contract for several thousand small projects involving data gathering and statistical analysis. In the past, the firm has assigned each project to a single member of its highly trained professional staff. This person would both gather and analyze the data. Using this approach, an exper
What is the production (output per hour) for each alternative? What is the productivity (output per labor hour)?
A local market research firm has just won a contract for several thousand small projects involving data gathering and statistical analysis. In the past the firm has assigned each project to single member of its highly trained professional staff. This person would both gather and analyze the data. Using this approach an experienc
Sales and Production Budgets: The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Units to be produced 12,000 14,000 13,000 11,000 The selling price of the company's product
The new president of the Wernecke Company was stumped. Why had profits gone down? He had directed the sales department to push the product with the highest contribution margin, and the sales department had come through with flying colors. The percent of flams sold had increased from 25% to 37.5% of units sold. So what happen
Q1. What impact does the need to pay overtime have upon an organization's budget in the long-term? Any thoughts? Q2. If the government and various organizations are working around the rules and expectations of FLSA (Fair Labor Standards Act), what value does FLSA really have for the average worker or company? Why? Any thought
1) A business has trade payables (creditors) of $8000 and a bank over draft of $2000.its current ratio is 2:1 and its quick (acid test) ratio is 1.5:1. What is the value of its inventory (stock)? A $4000, b $5000, c $ 28 000, d $ 35 000 2) The following information is given about four products. Which product makes the most gro
?What is the union and company argument? The company argument prohibits the misuse of electronic resources to solicit or impose outside organizations, political or religious issues for the sole purpose of inflicting an outcome based on persuasion. This is a direct violation of company policy. All electronic use within the organization are intended for sole administrative purposes. The Union argument is that the company acted poorly in direct violation of the provisions of the NLRA by intimidating the employee with written ramifications ultimately resulting in termination if the employee continues to petition other employees to support Union causes. The Union believes that the employee was acting well within his/her rights as a union member to inform, recruit and convert nonunion members to enter into a unionized agreement of employment protection. Employers cannot prevent employees from exercising their rights to engage in unionized activities or discriminate against union members.
?What is the union and company argument? The company argument prohibits the misuse of electronic resources to solicit or impose outside organizations, political or religious issues for the sole purpose of inflicting an outcome based on persuasion. This is a direct violation of company policy. All electronic use within the
Labor Costs: How to calculate marginal product of second worker & marginal revenue of fourth worker?
You have been hired to manage a small manufacturing facility which has cost and production data given in the table below. Total Total Workers Labor Cost Output Revenue 1 $500 100 $700 2 1000
During the Cold War and post-Cold War eras, the United States and the Soviet Union have been competing with one another in attempts to gain a strategic advantage over one another. The Strategic Defense Initiative (SDI) was born out of that competition. Discuss the SDI and how the United States and the Soviet Union applied the co
1. Analyze arguments made by representatives of Nepal and other poor countries in justifying the child labor they utilize. 2. What is the difference between strategic planning conducted in domestic companies and that conducted in international companies? 3. Compare and contrast geographic and product structures for inter
Fill in the unknowns Case 1 a. Budgeted factory overhead: $600,000 b. Cost-allocation base, budgeted direct-labor cost: 400,000 c. Budgeted factory-overhead rate: ? d. Direct labor cost incurred: 570,000 e. Factory overhead incurred: 830,000 f. Factory overhead applied: ? g. Underapplied (overapplied) factory overhead:
Problem is also in word file which has better formatting to see the table amounts. ---------------------- Ben Fun, Inc., manufactures video games. Market saturation and technological innovations have caused pricing pressures, which have resulted in declining profits. To stem the slide in profits until new products can be i
Condor Corporation manufactures two different types of coils used in electric motors. In the fall of the current year, the controller compiled the following data. - Sales forecast for 20x3 (all units to be shipped in 20x3): Product Units Price Light coil .....................................................................
Organizational Theory Article Review: "Human Resource Management and Labor Productivity: Does Industry Matter?"
Review an article from one of the journals listed below* that relates to a topic of interest in organizational theory. The article should not be more than five years old. Select an article that has sufficient content that you can write a review of two pages in length. List of journals: Academy of Management Review A
1. Define Affirmative Action. Which employers are subject to Affirmative Action laws? What potential impact does Affirmative Action have on employees and the workplace? 2. What social events helped to create the need for the development of unions? What is the impact of unionization on employment laws? How has the creation
In what ways does United Technologies corporation's corporate-level strategy of unrelated diversification create value? How successful has it been in pursuing its strategy?
Posters Now uses a standard cost system. Job 67 is for the manufacturing of 800 units of the product P100. The company's standards for one unit of product P100 are as follows: Standard quantity: 11 Ounces Standard price: $3 per ounce Standard direct labor: 1.5 hours Standard Labor rate: $12 per hour The job
4. The pencil industry is perfectly competitive. Each firm produces 10 million pencils per year. Pencils sell for 50 cents each and are produced at an average total cost of 30 cents each. What is the marginal cost of a pencil? Explain. Calculate the firm's profit. 5. An American company that sells consumer electronic
Direct material 2,500 pounds (.75 per pound) Direct labor 300 hours (7.50 per hour) Overhead per dept (est.) $6,000 Direct labor (est.) 300 hours (200 in molding and 100 in firing) Machine hours (est.) 200 (50 in molding and 150 in firing) factory rent $3,000 fac
Please indicate whether the following statement is true or false, then support your view. If we use learning curves in setting standards, it's likely that the standard costs for materials and labor per unit of output will be lower in year 2010 than they will be in 2001, assuming we are making the same product from 2001 to 201