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    Labour Management and Relations

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    Nichols Company, which manufactures a single product, is operating at full capacity of 20,000 units per month. The follow unit costs relate to the manufacture of this product: Manufacturing: Direct materials $2.00 Direct labor 4.00 Variable overhead 1.00 Fixed overhead 1.80 Selling and administrative: Variable 3.00 Fixed 1.20 The company has 100 units left over from last year which have small defects and which will have to be sold at a reduced price as scrap. This would have no effect on the company's other sales. The variable selling and administrative costs would have to be incurred to sell the defective units. What cost is relevant as a guide for setting a minimum price on these defective units?

    5. Nichols Company, which manufactures a single product, is operating at full capacity of 20,000 units per month. The follow unit costs relate to the manufacture of this product: Manufacturing: Direct materials $2.00 Direct labor 4.00 Variable overhead 1.00 Fixed overhead 1.80 Selling and administrative: Variable 3.0

    Expedient Company maintains warehouses that stock items carried by its e-retailer clients. When one of Expedient's clients receives an order from an online customer, the order is forwarded to Expedient. The item is then pulled from the warehouse, packed, and shipped to the customer. Expedient uses a predetermined variable overhead rate based on direct labor-hours. According to the company's records, 0.04 direct labor-hours are required to fulfill an order for one item and the variable overhead rate is $3.25 per direct-labor hour. During December, Expedient shipped 120,000 orders using 4,600 direct labor-hours. The company incurred a total of $14,720 in variable overhead costs. What is the variable overhead rate variance during December? What is the variable overhead efficiency variance during December?

    Expedient Company maintains warehouses that stock items carried by its e-retailer clients. When one of Expedient's clients receives an order from an online customer, the order is forwarded to Expedient. The item is then pulled from the warehouse, packed, and shipped to the customer. Expedient uses a predetermined variable overhe

    Bittman Company produces picture frames. During its first year of operations, the company produced 10,000 frames and sold 9,000 frames at $12 per frame. The company's cost information includes the following: Direct materials $2.00 per frame Direct labor $3.00 per frame Variable manufacturing overhead $1.00 per frame Variable selling and administrative expenses $3.00 per frame Fixed manufacturing overhead $20,000 per year Fixed selling and administrative expenses $5,000 per year Compute the unit product cost under absorption costing. Compute the unit product cost under variable costing. Compute the net income using absorption costing. Compute the net income using variable costing. Explain the difference in the net income determined under the absorption and variable costing methods.

    Bittman Company produces picture frames. During its first year of operations, the company produced 10,000 frames and sold 9,000 frames at $12 per frame. The company's cost information includes the following: Direct materials $2.00 per frame Direct labor $3.00 per frame Variable manufacturing overhead $1.00 per frame Variabl

    2. Northern Company uses a predetermined overhead rate based on direct labor hours to apply manufacturing overhead to jobs. At the beginning of the year, the company estimated manufacturing overhead would be $400,000 and direct labor hours would be 40,000. The actual figures for the year were $430,000 for manufacturing overhead and 42,000 direct labor hours. Is manufacturing overhead underapplied or overapplied for the year? By how much? der.

    2. Northern Company uses a predetermined overhead rate based on direct labor hours to apply manufacturing overhead to jobs. At the beginning of the year, the company estimated manufacturing overhead would be $400,000 and direct labor hours would be 40,000. The actual figures for the year were $430,000 for manufacturing overhead

    The following labor standards have been established for a particular product: 1.5 standard labor hours per unit at $17.55 per hour. During the last month, 5,300 hours were worked costing $94,340, and 3,600 units were produced.What is the labor rate variance for the month?

    7. The following labor standards have been established for a particular product: 1.5 standard labor hours per unit at $17.55 per hour. During the last month, 5,300 hours were worked costing $94,340, and 3,600 units were produced. What is the labor rate variance for the month?

    Jo builds and sells robots using component parts purchased

    5. Jo builds and sells robots using component parts purchased from a supplier and assembled and painted in Jo's factory. The boats sell for $1,200 each. Component parts cost $400 per boat, and each boat requires 12 labor hours to assemble at a cost of $14 per hour. Jo's factory is rented for $2,000 per month, which includes u

    Jo Company makes and sells consumer products

    7. Jo Company makes and sells consumer products. During the past year, Jo incurred the following costs: product recalls, $3,500; systems development, $120; inspection, $1,700; Net cost of scrap, $800; testing supplies, $30; warranty repairs, $3,300; rework labor, $1,400; statistical process control, $0; customer returns of def

    Over the last 30 years union membership as a percentage of the workforce has grown substantially in Canada while declining steadily in the United States. Explain what kinds of data you could collect and how you could use that data to identify the factors that caused this difference in union growth.

    Over the last 30 years union membership as a percentage of the workforce has grown substantially in Canada while declining steadily in the United States. Explain what kinds of data you could collect and how you could use that data to identify the factors that caused this difference in union growth.

    Per unit cost for AA1 and BB2 using direct labor hours

    4-8 The following estimates are available for George Manufacturing for 2004: George Manufacturing Estimated Manufacturing Overhead For the year Ended December 31, 2004 Production machine setup $75,000 Production machine de

    Bargaining Theories: Elasticity of Demand for Labor Matter

    1. Suppose someone said to you that most bargaining theories are wrong because they assume that the elasticity of demand for labor influences bargaining power. This person claims that the elasticity of demand for labor has no effect on contract outcomes because, in practice, unions ignore the trade-off between wages and employm

    Financial Analysis Of US Flow Of Funds

    One of the single best sources of information about financial institutions is the "U.S. Flow of Funds Report" produced by the Federal Reserve. This document contains data on most financial intermediaries. To access this report, go to http://www.federalreserve.gov/releases/Z1/. Click on the most current release. (You may have to

    Recognizing and Avoiding Unfair Labor Practices

    Can you help me with the following assignment/project? The questions are at the bottom. Ethics Case Recognizing and Avoiding Unfair Labor Practices Managers who supervise employees need to be able to recognize situations that could be considered to be an unfair labor practice and avoid them. If an alleged unfair labor prac

    Jessi Corp direct labor budget manufacturing overhead budget

    Complete the following three exercises. Sales and Production Budgets (8-12): 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 11,000 12,000

    Sycamore Company uses a certain part in its manufacturing process that it buys from an outside supplier for $29 per part plus another $4 for shipping and other purchasing-related costs. The company will need 14,400 of these parts in the next year and is considering making that part internally. After performing a capacity analysis, Sycamore determined that it has sufficient unused capacity to manufacture the 14,400 parts but would need to hire a manager at an annual salary of $43,200 to oversee this production activity. Estimated production costs are determined to be: Direct material $18.00 Direct Labor $8.00 Variable overhead $4.00 Fixed overhead (including manager at $3 per unit) $7.00 Total unit cost $37.00 Required: a) Identify the relevant costs to make this part internally. b) Should Sycamore produce the part or continue to buy it from the outside supplier? c) What other factors are important to this decision?

    Sycamore Company uses a certain part in its manufacturing process that it buys from an outside supplier for $29 per part plus another $4 for shipping and other purchasing-related costs. The company will need 14,400 of these parts in the next year and is considering making that part internally. After performing a capacity analysi

    Indicate whether each of the following expenditures

    Indicate whether each of the following expenditures should be classified as land (L), land improvements (LI), buildings (B), equipment (E), or none of these (X). _____ 1. Computer installation cost _____ 2. Driveway cost _____ 3. Architect's fee _____ 4. Surveying costs _____ 5. Grading costs _____ 6. Cost of light

    Calculate labor cost per unit by location analysis

    In Cambodia, seven laborers, each making the equivalent of 3.50 per day, can produce 42 units per day. In China, nine laborers, each making the equivalent of 2.00 per day, can produce 48 units. In Billings, Montana, two laborers, each making 63.00 per day, can make 100 units. Based on labor cost per unit only, the most econ

    Variance Analysis - Overhead variances, price and efficiency

    The standard cost of product 2525 includes 1.83 hours of direct labor at $13.90 per hour. The predetermined overhead rate is $20.60 per direct labor hour. During July, the company incurred 4,260 hours of direct labor at an average rate of $14.60 per hour and $69,276 of manufacturing overhead costs. It produced 1,900 units. (a

    Abby's Shades Labor Variances

    Abby's Shades manufactures lamp shades. Abby Sanders, the owner, uses standard costs to calculate variances. Recently, a clerk mistakenly threw away some of the records, and Sanders has only partial data. For October, she knows that the direct labor flexible budget variance for the month was $1,385 unfavorable; the standard labo