Defining the organizational mission forces managers to identify _______

Outline one advantage and one disadvantage of investing in training....

nexus9112 [7]

One advantage of training is that it can enhance employees' skillset within the organisation overall. A disadvantage is that training can be costly especially if employees leave taking their skills elsewhere.

7 0

3 years ago

The following labor standards have been established for a particular product: Standard labor-hours per unit of output 9.4 hours

dexar [7]

Answer:

the labor efficiency variance is $35,244 favorable

Explanation:

The computation of the labor efficiency variance is shown below:

As we know that

Efficiency Variance is

= Standard rate × (Standard hours - Actual Hours)

= $13.20 × (9.4 ×1,050 units - 7,200 hours)

= $13.20 × (9,870 hours - 7,200 hours)

= $35,244 favorable

hence, the labor efficiency variance is $35,244 favorable

7 0

2 years ago

Kangaroo Autos is offering free credit on a new $10,000 car: You pay $1,000 down and then $300 a month for the next 30 months. T

gavmur [86]

Answer:

Kangaroo Auto offers the better deal

If the I go for Kangaroo Autos, then I will save $257.69 in today's term

Explanation:

Here we need to compare the present value of the two options;

Present value is the worth today of an amount or series of amount payable or receivable in the future period.

Where a series of equal amount is receivable or payable in the future it is called an annuity.

One of the payment options includes an annuity. Therefore, we need to work out the present value of the annuity. This is done using the following formula:

Present Value = A ×( 1 - (1+r)^(-n))/r

where A = equal cash flow, r- rate per period, n - no. of periods

A = 300, r- rate per month - 12%/12 = 1% , n= 30

PV = 300 ×(1- (1+0.01)^(-30))/0.01

= 300 × 25.877

=7,742.31

Now we can work out he cost of each option and comapare them in today's Dollar:

Option 1 : Kangaroo Autos

Total cost of option 1 = deposit + PV of annuity

= 1000 + 7,742.31

cost = 8,742.31

Option 2: Turtle Motors:

Price = Car price - Discount

= $10,000 - $1000

cost = $9,000

Kangaroo Auto offers a better deal.

If I go for Kangaroo Autos, then I will save $257.69 in today's term

4 0

3 years ago

Samantha's Office Supplies manufactures desk organizers in its Processing Department. Direct materials are included at the incep

Paul [167]

Answer:

Total Costs Transferred Out 906422.4

<em>Difference may be due to rounding .</em>

Explanation:

Samantha's Office Supplies

Equivalent units

Particulars Units % of Completion Equivalent Units

Materials Conversion Materials Conversion

Completed and

transferred out 162,000 (100% ) (100% ) 162,000 162,000

WIP,

Normal Spoilage 6,480 (100% ) (100% ) 6,480 6,480

<u>Ending inventory 30,000 (100% ) (25% ) 30,000, 7,500</u>

<u>Accounted For 198,480 198,480 175,980 </u>

Costs: Total Direct materials Conversion costs

WIP, beginning

inventory: 388,000 $ 300,000 88,000

<u>Costs Added 639618 419,832 219,786</u>

Total Costs

To Account for 1027618 719,832 307786

Divided By

Equivalent Units 198,480 175,980

<u>Equivalent Unit Costs 5.38 3.63 1.75 </u>

<u><em>Assignment of Costs </em></u>

Transferred out ( 5.38* 162,000)= 871560

Normal Spoilage (5.38* 6480)<u>= 34862.4</u>

Total Costs Transferred Out 906422.4

Difference may be due to rounding .

5 0

2 years ago

Betsy Strand’s regular hourly wage rate is $24, and she receives an hourly rate of $36 for work in excess of 40 hours. During a

melamori03 [73]

<h3>Betsy’s gross earnings for January period is $1,140 </h3><h3>Betsy’s net pay for January period is $966.79 </h3>

Explanation:

Betsy Strand’s regular hourly wage rate = $24
Betsy Strand’s hourly rate for work in excess of 40 hours = $36
Betsy works during a January pay period = 45 hours.
Betsy's pay for January period = $24 * 40 + $36 * 5
Betsy's pay for January period = $1,140

Betsy’s gross earnings for January period is $1,140

Betsy’s federal income tax withholding = $86
FICA tax rate = 7.65%.
Betsy’s FICA Taxes Payable = $1,140 * (7.65 / 100)
Betsy’s FICA Taxes Payable = $87.21
Betsy’s net pay for January period = Gross earnings - Federal income tax withholding - FICA Taxes
Betsy’s net pay for January period = $1,140 - $86 - $87.21
Betsy’s net pay for January period = $966.79

Betsy’s net pay for January period is $966.79

6 0

3 years ago

Defining the organizational mission forces managers to identify ________.