Labour Management and Relations

Derry-O Company: Calculate material and labor variances

The Derry-O Company has the following standard cost for their product: Direct materials 3 yards at $12.50 per yard $37.50 per unit Direct labor 2 hours at $9 per hour $18.00 per unit During the prior year, the company produced 4,900 units and 15,000 yards of material we

EXERCISE 11-12. Calculating Labor and Overhead Variances

At the start of 2012, Textile Express Company determined its standard labor cost to be 2.5 hours per unit at $14.00 per hour.The budget for variable overhead was $8 per unit,and budgeted fixed overhead was $15,000 for the year.Expected annual production was 5,000 units.During 2012, the actual cost of labor was $14.25 per hour.

Business Policy and Strategy: Politician and Strategist Tactics

Describe the tactics that have been used by politicians that can also aid strategists.

National labor and employment laws

Please help with the following problem. Suppose you had been asked to testify before the Commission on the Future of Worker-Management Relations ("the Dunlop Commission") which was given the task of recommending appropriate changes in our national labor and employment laws. In light of the issues what would you have recommen

Evaluate the components of a bottom-up approach to managing labor costs.

Evaluate the components of a bottom-up approach to managing labor costs. Describe how a top-down approach to managing labor costs interrelates to a compensation system. Specifies which approach would have more effective and equitable compensation consequences in a retail work environment. Provides a rationale f

Zero-balance account Union Company is considering establishment of a zerobalance account.

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

Research Financial Report: Union Pacific Corporation

Financial Research Report Union Pacific Corporation Financials Review of Financial Research Report: This assignment is an analysis of a U.S. publicly-traded company which is "Union Pacific Corporation"; its common stock could be a prospective investment. It needs to be a report covering the following topics: 1. Ratio a

Baxter Company: Work in process: solve for missing amounts

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

Program Managment-Weighted scoring model

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

Grievance and Arbitration Procedures

Some people are of the opinion that grievance and arbitration procedures usually serve the needs of labor alone. Provide your viewpoint on this. Cite examples to support your answer.

Joint Participation Process

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?

Prepare a flexible budget for a monthly activity level of 8,000 and 9,000 direct labor hours.

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

Standard cost direct material and direct labor variances

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

Create a Labor and Manufacturing Budget - Jessi Corporation

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

What numbers are needed to determine whether or not what is offered is worth the administrative hassle, headaches and total labor costs involved?

You are a newly hired compensation manager in an organization that makes packaged cupcakes and other snack bakery items. There are 1450 employees in your one location. You are currently union free. Your organization has a total rewards program but does not know if the total rewards program is cost effective. What numbers are nee

Product cost margin

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

Fair Labor Standards Act in Relation to Workers and Companies

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

Gross Profit/total cost/labor cost

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

Flavor Rite Variance calculations: materials and labor; price, usage, rate, efficiency

Discuss SDI and how the US and Soviet Union applied competitive escalation paradigm.

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

International Strategy; Product Structure; Market Size Index

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

factory overhead read, underapplied, direct labor cost,

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:

Employer - Employee Relationship Paper

Discuss the employer-employee relationship. Make sure you include the following points: o The point at which a prospective applicant becomes an employee o The difference between a contractor and an employee o The legal implications and obligations of the employer-employee relationship o The laws that address the employer-e