1. Information on Westcott Company's direct labor costs for a recent month follows: Standard direct labor rate $3.75 Actual direct labor rate $3.50 Total standard direct labor-hours 10,000 Direct labor efficiency variance $4,200 Unfavorable What were the actual hours worked during the month, rounded to the nearest hour?
I need help with this problem New Jersey valve Company manufactured 7,800 units during January of a control valve used by milk processors in its Camden plant. Records indicated the following: direct labor........................... 40,100 hr. at $14.60 per hr. Direct material purchased.............. 25,000 lb. at $2.60 per
Raggs Corporation's standard wage rate is $12.40 per direct labor-hour (DLH) and according to the standards, each unit of output requires 3.9 DLHs. In April, 5,230 units were produced, the actual wage rate was $11.80 per DLH, and the actual hours were 24,170 DLHs. The Labor Rate Variance for April would be recorded as a:
The employee credit union at State University is planning the allocation of funds for the coming year. The credit union makes four types of loans to its members. In addition, the credit union invests in risk free securities to stabilize income. The various revenue producing investments together with annual rates of returns are a
What are some reasons that employees still resist Unions even after the passage of the National Labor Relations Act more than 60 years ago?
Problem 6-4A: Variable cost analysis for a services company L.O. C3 Winter Palace is a luxury hotel with 150 suites. Its regular suite rate is $200 per night per suite. The hotel's cost per night is $125 per suite and consists of the following. Variable direct labor and materials cost $ 25 Fixed cost [($5,475,000/150 suites) ÷ 365 days] 100 Total cost per night per suite $ 125 The hotel manager received an offer to hold the local Rotary Club annual meeting at the hotel in March, which is the hotel's low season with an occupancy rate of under 50%. The Rotary Club would reserve 40 suites for three nights if the hotel could offer a 50% discount, or a rate of $100 per night. The hotel manager is inclined to reject the offer because the cost per suite per night is $125. The manager believes that if 40 suites are offered at the rate of $100 per night for three nights, the hotel would lose $3,000, computed as ($100 - $125) × 40 suites × 3 nights. Required: (a) Prepare an analysis of this offer for the hotel manager. (Omit the "$" sign in your response.) $ Contribution margin $
See pdf Problem 6-4A: Variable cost analysis for a services company L.O. C3 Winter Palace is a luxury hotel with 150 suites. Its regular suite rate is $200 per night per suite. The hotel's cost per night is $125 per suite and consists of the following. Variable direct labor and materials cost $ 25 Fixed cost [($5,475,00
Compare organizational environments of a union and non-union workplace as it impacts MORALE.
1. Which of the following costs are not included in finished goods inventory? a. Direct labor b. Factory overhead c. Company President's salary d. Direct Materials e. None of the above 2. Indirect labor is a: a. Nonmanufacturing cost b. Raw materials cost c. Product cost d. Period cost e. None of the above 3. A c
Tamar Co: Process cost summary; equivalent units; cost estimates Problem 3-5A: Process cost summary; equivalent units; cost estimates L.O. P4, P5 Tamar Co. manufactures a single product in one department. All direct materials are added at the beginning of the manufacturing process. Direct labor and overhead are added evenly throughout the process. Tamar uses monthly reporting periods for its weighted average process cost accounting. During May, the company completed and transferred 22,400 units of product to finished goods inventory. Its 3,200 units of beginning goods in process consisted of $21,600 of direct materials, $134,300 of direct labor, and $99,640 of factory overhead. It has 2,600 units (90% complete with respect to direct materials and 60% complete with respect to direct labor and overhead) in process at month-end. After entries to record direct materials, direct labor, and overhead for May, the company's Goods in Process Inventory account follows.
Please also see .pdf file attached. Question 3: Problem 3-5A: Process cost summary; equivalent units; cost estimates L.O. P4, P5 Tamar Co. manufactures a single product in one department. All direct materials are added at the beginning of the manufacturing process. Direct labor and overhead are added evenly throughout the
Required: The company is to decide in what quantities it will manufacture (or buy) XSZX drums and Mountain bike frames. 1. The margins of the two products are provided in the report submitted by the Accounting Department. Is the report (margin per unit) useful for the decision that the company has to make? Why or why not?
Aggregate Planning: level capacity and chase demand strategy: A small manufacturing plant is considering their aggregate plan for the next fiscal year. They are limited to a maximum number of 40 FTEs each quarter. Their forecasted demand for next year is: Quarter 1 2 3 4 Demand 12520 15000 11880 14680 They do not consider hiring or firing costs but have the following production parameters. Labor Standard = 1.6 hours/item Regular Time Labor Cost = $10/hour Beginning Annual Inventory Level = 500 Ending Annual Inventory Level = 500 Unit Inventory Carrying Cost = $4/item/quarter Any overtime labor in a quarter is time and a half. (Assume 40 hours/week, 52 weeks/year, and 4 quarters/year.) 1. For next fiscal year, find their annual regular time direct labor cost and their overtime direct labor cost based on a level capacity aggregate planning strategy. 2. For next fiscal year, find their annual regular time direct labor cost and their overtime direct labor cost based on a chase demand aggregate planning strategy.
A small manufacturing plant is considering their aggregate plan for the next fiscal year. They are limited to a maximum number of 40 FTEs each quarter. Their forecasted demand for next year is: Quarter 1 2 3 4 Demand 12520 15000 11880 14680 They do not consider hiring or firing costs but have the following production pa
In the 1980's, President Ronald Reagan launched a federal government "drug-free workplace" campaign. Discuss how this impacted employees and their attitudes towards individual privacy.
The National Labor Relations Act has given the states the right to enact law prohibiting union or agency shop forms of union security. Currently, 22 states have implemented the right-to-work laws. Discuss how these laws have impacted the unions.
1. Samano Industries has adopted the following production budget for the first 4 months of 2006 Month Units Month Units January 10, 000 March 5, 000 February 8, 000 April 4, 000 Each unit requires 5 pounds of raw materials costing $2 per pound. On December 31, 2005, the ending raw materials inventory was 15
At the beginning of the year, manufacturing overhead for the year was estimated to be $477,590. At the end of the year, actual direct labor-hours for the year were 29,000 hours, the actual manufacturing overhead for the year was $472,590, and manufacturing overhead for the year was overapplied by $110. If the predetermined overh
It is well known that labor markets affect recruitment policies. Can recruitment policies in turn affect the labor market?
Using Wal-Mart, prepare a paper in which you describe the relationship between strategic planning and financial planning. A. Describe a strategic planning initiative for Wal-Mart and identify a strategic initiative discussed in Wal-Mart's annual report, which can be found on www.walmartstores.com. and on the attached fil
Question 14: Summit Company has provided the following inventory balances and manufacturing cost data for the month of January: Inventories January 1 January 31 Direct materials $26,000 $36,000 Work in process $24,000 $29,000 Finished goods $68,000 $53,000 Month of January Cost of goods manufactured $597,000 Manu
Please see attached problems. #10 Prepare a CVP graph and compute break-even point and margin of safety. (SO 6, 8) Embleton Company estimates that variable costs will be 40% of sales, and fixed costs will total $900,000. The selling price of the product is $5. Instructions A. Prepare a CVP graph, assuming maximum s
1.Describes the advantages and disadvantages of coordinating labor contracts in the three selected countries. India, Mexico and China. 2.From an HR perspective, explains which of the selected countries is or are ideal for coordinating labor contracts. 3.Uses references to support your analysis of global labor contracts.
1.What is employee/labor relations? What is HR's role in maintaining effective working relationships with unions? How can HR develop proactive policies that reduce the likelihood of union organizations? 2.Does anyone have Standard Operating Procedures to document training? 3.What are some common problems when administer
Submit a paper that addresses the following components: 1. Assess the ability to continue operations (or take a strike). Is a strike imminent? 2. Analyze the bargaining power of both the union and the organization. o Who do you believe has the upper hand in this negotiation? Support your position. 3. You will be assigned
Research your chosen subtopic *Union SPillOVER* and find a journal article published in the last five years on your topic. Summarize the significant findings of the article, including an explanation of the historical significance of emerging trends in wages. The summary on your findings should include the following. Analy
Benefits One of the most important and challenging issues facing employers in the United States today is the cost of health care. Remembering what you read in the article about GM, reflect on the following observation from the National Review in November, 2005: Delphi may be the world's largest maker of car parts, but that
What are the labor shortages and causes within healthcare?
Morro Bay Surfboards manufactures fiberglass surfboards. The standard cost of direct materials and direct manufactures labor is $100 per board. This includes 20 pounds of direct materials, at the budgeted price of $2 per pound, and five hours of direct manufacturing labor, at the budgeted rate of $12 per hour. Following are t
What must labor unions do to reverse the trend toward a loss of union membership and consequently a loss of power?
I am not to familiar with labor unions, I need assistance answering the following question. What must labor unions do to reverse the trend toward a loss of union membership and consequently a loss of power?
Bargain Powers In a brief statement, describe how the negotiation interests of the employee and the employer interact in the bargaining environment with the understanding that the employee may or may not be represented by a union. Who has more bargaining power in what types of situations? Bargaining Factors Describe o
Why are CEO's of the world's biggest companies being paid such large sums of money? Is this just compensation for an enormously difficult task or does the logic of rewards seem distorted? Discuss the argument that performance should be linked to pay - your discussion should include references to stock-option schemes, bonuses and
1) The age Discrimination in Employment Act make it illegal for: A) employers to have a seniority system (B) employers to have a mandatory retirement age for most jobs (C) employers to know the age of job applicants before making a hiring decision (D) employers to hire only employees who are 40 and over (E) employers to have a