True or false? the internal revenue code forbids nonprofit hospitals to make a profit.

Candice, owner of Green Solar Panels, has found that some of her department managers were using management by objectives, but th

Ilia_Sergeevich [38]

Answer: B) False

Explanation: Management by objectives (MBO) is a type management which it's main goal is to improve the performance of an organization by means of stating the objectives which of the organisation and is usually agreed on by both the management and the employees. In the case above some objective have being put in place by Candice using MBO method, which she later discovered that some department are not complying with. This would affect the results of the MBO program she introduced, for an MBO to yield improve results it needs full cooperation from employees.

6 0

3 years ago

The manager of a bank branch is concerned about the number of mistakes the tellers were making, so he started manipulating diffe

umka2103 [35]

Answer: Human factor research

Explanation:

From the question, we are informed that a manager of a bank branch is concerned about the number of mistakes the tellers were making, so he started manipulating different aspects of the environment in the bank to see what effect each has on the tellers' performance.

We are further told that he examined factors such as the lighting, temperature, and the volume of the music playing in the bank.

He's using the human factor research approach. Here, the capabilities of human beings are determined through strength, vision, flexibility etc.

3 0

3 years ago

Kropf Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing ov

Ratling [72]

Answer:

a) The materials price variance 19026.33 unfav

b) Material Quantity Variance= $ 267 Unfav

c) Direct Labor Rate variance= $ 6127 Unfav

d) Direct labor Efficiency variance= 7710 Fav

e) Variable Overhead Rate Variance= 13099 fav

f) Variable Overhead Efficiency Variance= 3256.25 unfav

Explanation:

First We find the missing figures such as standard quantity ,hours allowed , actual price, rate. Then we list the formulae to use. After that we put in the values of the amounts in the formulae to get the results. Unfavorable variances are those in which the actual quantities are greater than the standard quantities or input .

Kropf Inc.

Given Standards

Direct materials 9.30 liters $ 8.90 per liter

Standard Quantity allowed = 9.3 * 11500= 106950 Litres

Direct labor 0.70 hours $ 25.70 per hour

Variable manufacturing overhead 0.70 hours $ 7.80 per hour

Standard Hours Allowed = $ 0.7 *11500= 8050

Actual Results Given

Actual output 11,500 units

Raw materials purchased 107,900 liters

Actual cost of raw materials purchased $ 979,500

Actual Price= Cost/ Purchases= $ 979,500/107,900 = $9.08

Raw materials used in production 106,980 liters

Actual direct labor-hours 7,750 hours

Actual direct labor cost $ 205,302

Actual Rate=$ 205,302 / 7,750 = $ 26.49

Actual variable overhead cost $ 55,414

Actual Overhead Rate= $ 55,414/7,750 = $ 7.15

Formulae to use

1)The materials price variance = (Actual Price * Actual Quantity)- (Standard Price * Actual Quantity)

2) Material Quantity Variance= (Standard Price * Actual Quantity)-(Standard Price * Standard Quantity)

3) Direct Labor Rate variance= (actual hours* actual rate)- (actual hours * standard rate)

4) Direct labor Efficiency variance= (actual hours* standard rate)- (standard hours * standard rate)

5) Variable Overhead Rate Variance= Actual Variable Overhead- Standard Variable Overhead

6)Variable Overhead Efficiency Variance=( Actual Hours * Standard Variable Overhead Rate)-( Standard Hours * Standard Variable Overhead Rate)

Working

1)The materials price variance = (Actual Price * Actual Quantity)- (Standard Price * Actual Quantity)

The materials price variance = ( $9.08*106,980 )- ($ 8.90 *106,980)

The materials price variance = (971148.38)- (952122)=19026.33 unfav

2) Material Quantity Variance= (Standard Price * Actual Quantity)-(Standard Price * Standard Quantity)

Material Quantity Variance=($ 8.90 *106,980)-($ 8.90 *106,950)= $ 267 Unfav

3) Direct Labor Rate variance= (actual hours* actual rate)- (actual hours * standard rate)

Direct Labor Rate variance= ( 7,750*$ 26.49)- (7,750*$ 25.70)= $ 6127 Unfav

4) Direct labor Efficiency variance= (actual hours* standard rate)- (standard hours * standard rate)

Direct labor Efficiency variance=(7,750*$ 25.70)-(8050*$ 25.70)= 7710 Fav

5) Variable Overhead Rate Variance= Actual Variable Overhead- Standard Variable Overhead

Variable Overhead Rate Variance=$ 55,414-( Actual Hours * Standard Variable Overhead Rate)

Variable Overhead Rate Variance=$ 55,414-(7,750*0.70 * $ 7.80)

Variable Overhead Rate Variance=$ 55,414- 42315= 13099 fav

6)Variable Overhead Efficiency Variance=( Actual Hours * Standard Variable Overhead Rate)-( Standard Hours * Standard Variable Overhead Rate)

Variable Overhead Efficiency Variance= (7,750*0.70 * $ 7.80)- (7,750*0.70 * $ 7.15)=42315- 38788.15= 3256.25 unfav

8 0

3 years ago

Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for a period, together with informatio

MrRissso [65]

Answer:

Cost of completed WIP: 30,240

Total cost of tranferreed-out: 729,990

Explanation:

We assume it works with weighted-average process costing

Beginning 9,000 50% = 4,500 $22,050

Finished goods 207,000 units

Direct Materials 212,000 units at $1.6

Direct labor $276,000

Overhead $ 107,400

Total Overhead $383,400

started 212,000 units

finished 207,000 units

ending 5,000 units at 75%

EU Conversion Cost 207,000 + 5,000 x 75% = 210,750

Cost per equivalent unit: 383,400 / 210,750 = 1,819217

Cost of beginning WIP comepleted

22,050 beginning + 1.82 x 4,500 = 30,240

Cost of the units transferred to finished goods:

22,050 beginning WIP balance

+ 207,000 x $1.6 materials

+ 207,000 x $1.82 conversion cost

Total: 729,990

7 0

2 years ago

Cash flow to stockholders must be positive when: both the cash flow to assets and the cash flow to creditors are positive. the n

aniked [119]

Answer:

The dividends paid exceeded the net new equity raised.

Explanation:

5 0

3 years ago