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1 year ago

Select a small / medium-sized manufacturing business and with reference to relevant theory, perform the following tasks:

Business

1 answer:

gtnhenbr [62]1 year ago

7 0

A possible business that can be selected is:

A small bakery. The four central management functions that are carried out in this business are: Planning, organization, leadership, and control. To effect these, the:

Manager plans the affairs of the business and provides a workable and organized framework. Next, he leads and appoints heads to strategic departments in the organization. He establishes control by ensuring that guidelines are followed.

<h3>What are the four central management functions?</h3>

The four central management functions are those activities that are geared at ensuring the smooth flow of activities in the business. A small business can follow the guidelines which include; Planning, organization, leadership, and control.

There is a manager in the business who coordinates the daily affairs and ensures that the staff is doing the right things. Control is the last step that ensures that the plans go as designed.

Learn more about the four central management functions here:

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The following is a list of costs incurred by several businesses:

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Answer:

a. (Factory overhead cost,Administrative cost)

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3 years ago

A private company is preparing to sign the engagement letter. who would most likely sign this letter?

iris [78.8K]

The people who would most likely to sign the engagement letter are:

a. Officer/s of the professional firm
b. Client/s

The engagement letter is an agreement between these two parties who are to engage in specific terms. Terms would most likely involve compensation packages and how the services are to be rendered.

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3 years ago

During 2017, cotte manufacturing expected job no. 59 to cost $300000 of overhead, $500000 of materials, and $200000 in labor. co

Tanzania [10]

$85,000 under applied.

Calculate the total <u>expected </u>overhead ($300,000+$500,000+$200,000)= $1,000,000

Then calculate the actual overhead ($295,000+$570,000+$220,000)=

$1,085,000

Next, find the difference 1085000-1000000 = $85,000

So, the company under applied overhead by $85,000.

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4 years ago

Bad Brads BBQ purchased a piece of equipment by paying $5,000 cash. They also incurred a shipping cost of $400 to get the equipm

rodikova [14]

Answer:

The $5,400 is the amount should Bad Brads BBQ record the equipment.

Explanation:

According to the Generally Accepted Accounting Principles (GAAP), the amount of asset is recorded at cost or fair market value which ever is lower.

The motive behind this is to present the financial statement in true and fair value rather than mislead values.

Since in the given question, the equipment purchase cost is $5,000 and shipping charges is $400.

So,

The total cost is = Purchase cost + shipping charges

= $5,000 + $400

= $5,400

And, the fair market value is $7,000.

By using the above explanation, the $5400 is the lesser amount than the $7,000.

Hence, the $5,400 is the amount should Bad Brads BBQ record the equipment.

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4 years ago

A country has a noninstitutionalized population of 243 million people. Out of that number, 38 million are under the age of 16 70

Zanzabum

Answer:

66%

Explanation:

Students & retirees are not considered as part of Labor force

people are under 16 age , are not part of working age population

underemployed people are doing part time jobs, so counted as employed

Total employed = Employed full time + Underemployed

= 96 + 31

= 127 million

Unemployed workers = 8 million

Labor force size = employed + unemployed people

= 127 million + 8 million

= 135 million

Working age population:

= Total non-institutionalized population - People under age of 16

= 243 - 38

= 205 million

Therefore,

Labor force participation rate:

= (Labor force size ÷ Total non institutionalized population) × 100

= (135 ÷ 205) × 100

= 66%

8 0

3 years ago