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4 years ago

Job descriptions are a key prerequisite for any performance management system because

1 answer:

7 0

Job descriptions are a key prerequisite for any performance management system because they provide the criteria that will be used in measuring<span>performance.
These job descriptions will give you all information you need to see how your performance is going to be measured. So it is important to include them to make things easier for you, so that you can know whether or not to apply for that particular position.
</span>

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Assume J. K. Lumber increases its operating efficiency such that costs decrease while sales remain constant. As a result, given

Mars2501 [29]

Answer:

D) return on equity will increase.

Explanation: Return on equity is a financial term that explains the net income of a business venture. There are several ways through which the return on equity can be improved or increased in business.

(1) Reduction in the cost of operations or production of goods and services

(2) increase in the price of the product etc.

If the cost of producing a given Quantity of goods is reduced with sales remaining constant,THE RETURN ON EQUITY WILL INCREASE AS A RESULT OF THE INCREASE IN NET INCOME DUE TO REDUCED COST OF OPERATIONS OR PRODUCTION OF GOODS.

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3 years ago

Read 2 more answers

In the private sector, only agricultural workers, domestic workers, and _____ are exempt from taft-hartley or railway labor act

LUCKY_DIMON [66]

<span>The answer is "supervisors and independent contractors." These workers are exempt from the labor law protections because they have more leverage in deciding their working conditions, or in the case of domestic workers, have an occupation that by its nature requires certain hours.</span>

5 0

3 years ago

Read 2 more answers

Only 3 days after the attacks of 9-11, Northwestern Mutual began providing death benefits to surviving families of the first res

Luda [366]

Answer:

Empathy

Explanation:

Empathy is the ability of a person of business entity to understand the thoughts, feelings, and emotions of their customers. It is the ability to personalise the customer's situation.

This makes the business go the extra mile in solving the customer's problem.

In this scenario Northwestern mutual felt the pain and understood the financial needs of the families of first responders during the 9-11 attack.

So without official death certificates they paid death benefits only 3 days after the attacks.

Other insurance companies however did not empathise with their customers and only paid death benefits some months to a year.

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4 years ago

1. Albertville has budgeted fixed overhead of $67,500 based on budgeted production of 4,500 units. During July, 4,700 units were

iren [92.7K]

Answer:

A. (a) 3,900 (unfavorable).

B. (d) 3,000 (favorable).

C. (c) 10,525 (favorable).

Explanation:

Requirement A

We know,

Fixed overhead spending variance = (Budgeted fixed overhead - Actual fixed overhead)

Given,

Budgeted fixed overhead = $67,500

Actual fixed overhead = $71,400

Putting the values into the formula, we can get

Fixed overhead spending variance = (Budgeted fixed overhead - Actual fixed overhead)

Or, Fixed overhead spending variance = ($67,500 - $71,400)

Or, Fixed overhead spending variance = -3,900

Therefore, Fixed overhead spending variance = 3,900 (unfavorable).

Since Budgeted fixed overhead is less than Actual fixed overhead, the situation is unfavorable.

So option A is the answer.

Requirement B

We know,

Fixed overhead volume variance = (Standard units - Budgeted units) × Standard fixed overhead rate.

Given,

Standard units = 4,700 units

Budgeted units = 4,500 units

Standard fixed overhead rate = $67,500 ÷ 4,500

Standard fixed overhead rate = $15

Putting the values into the formula, we can get

Fixed overhead volume variance = (4,700 - 4,500) × $15

Or, Fixed overhead volume variance = 200 × $15

Or, Fixed overhead volume variance = 3,000

Therefore, Fixed overhead volume variance = 3,000 (favorable)

Since budgeted fixed volume is higher than Actual fixed volume, the situation is favorable.

So option D is the answer.

Requirement C

We know,

Direct labor rate variance = (Standard rate - Actual rate) × Actual hour

Given,

Standard rate = $22.50

Actual rate = $189,500 ÷ 8,890 = 21.3161

Actual hour = 8,890

Putting the values into the formula, we can get

Direct labor rate variance = ($22.50 - 21.3161) × 8,890

Or, Direct labor rate variance = 1.1839 × 8,890

Or, Direct labor rate variance = 10,525

Therefore, Direct labor rate variance = 10,525 (favorable).

Since direct labor rate is higher than Actual labor rate, the situation is favorable.

So option C is the answer.

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4 years ago

Under a perpetual inventory system, a.a physical count is required to determine cost of merchandise on hand b.the purchases retu

agasfer [191]

Answer:

d.accounting records continuously disclose the amount of inventory

Explanation:

Under the perpetual inventory system, an entity continually updates its inventory records to account for additions to and subtractions from inventory for such activities as:

Received inventory items

Goods sold from stock

Items moved from one location to another

Items picked from inventory for use in the production process

Items scrapped

4 0

4 years ago