Answer:
Monthly contribution $6,000
Employers contribution $3,000
Explanation:
The employee contributions would be 6% of $50,000
=6/100 x $50,000
=0.06 x $50,000
=$3,000
If the employer matches the employee contribution, the employer will also contribute $3,000
The total employee monthly contribution would be $3000 + $3000= $6000
Employer contribution will $3000
Answer:
<u>Direct labor hours.</u>
Explanation:
An activity base is considered every activity used in overhead allocation.
In service industries, it is more likely that the base of activity is direct working hours, to use this indirect cost allocation base, there must be an estimated amount of the total direct working hours that are used during the period. , using the estimate of a previous period as a projection for retraction or business growth. Once the estimate has been determined, the predetermined indirect rate used for indirect cost allocation can be found by dividing the estimated total indirect cost by the estimated total direct working hours.
Solution :
It is given that :
Additional time obtained per week from milling machines = 350
The incremental cost = $ 2 per hour
Therefore, the allowable increase for milling operation is 400.
This indicates that we can accommodate additional constraint RHS of 
hours.
Also we have to consider the impact on the profit of 2.25 which is an incremental cost of 
is well affordable.
Answer:
Strategic plans are made by the upper echelon of a company's management. They are long term and done with the intent to achieve company wide missions and visions.
Tactical plans come next and are made by the middle-level managers. They are not as long term as strategic plans and are typically less than a year but more than half a year. They are done to meet the strategic plans.
Operational plans are not very long term and are typically under half a year. They aim to meet strategic plans and are done by low-level management. It is usually detailed as it aimed at a particular goal.
Strategic Plans
- Reducing production waste to landfill sites by 60 percent.
- Reducing the impact of our operations.
- Addressing child labor in the cocoa supply chain.
Tactical Plans
- Reducing our energy and GHG in manufacturing.
- Educating employees to reuse water and improve processes.
- Reducing packaging material.
Operational Plans
- Eliminating 50 million pounds of packaging material.
- Buying certified commodities.
Projects are specific and so have specific goals as they aim to achieve a particular mission. They have a defined start and finish.
Programs on the other hand are a group of projects which would produce individual results that when put together, contribute to the larger goal of the program.
Policies are the guidelines that a company institutes in order to meet their goals.
Projects
- Reducing production waste to landfill sites by 60 percent.
- Eliminating 50 million pounds of packaging material.
- Educating employees to reuse water and improve processes.
Policies
- Buying certified commodities.
- Reducing packaging material.
- Addressing child labor in the cocoa supply chain.
Programs
- Reducing our energy and GHG in manufacturing.
- Reducing the impact of our operations.
