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notka56 [123]
3 years ago
6

Does lean management ignore some perspectives of organizational effectiveness? if so, what are the unintended consequences of th

ese practices that might undermine rather than improvethe organization's effectiveness?
Business
1 answer:
Lana71 [14]3 years ago
3 0
I experienced lean management at a very large open pit mining operation in the 1980's and 1990's. Part of it was a new theoretically streamlined system for purchase orders. Prior to this introduction, the technical people only had to briefly fill out a hand written form and send it to purchasing where they completed the final form. After the JD Edwards system was introduced, then the entire onus was on the technical person to complete the whole order in its' final form so this resulted in added stress to us and meant more time in the office and less on important field duties.. 

Also,since we had a skeleton crew in mine engineering, I (we) had to do multiple projects which only allowed us to touch lightly on each one and therefore compromise the quality of the work. As primarily a field man, I would need to both plan the work and also carry it out myself in the field and sometimes it was difficult to do both,
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Danner Company expects to have a cash balance of $58,050 on January 1, 2017. Relevant monthly budget data for the first 2 months
Alina [70]

Answer:

                                                                             January                  February

Beginning Cash Balance                                     58,050                  35,475

Add: Receipts

Collections from Customers                               109,650                 193,500

Sale of Marketable Securities                              <u>15,480</u>                 <u>       0      </u>

Total Receipts                                                   <u>   125,130    </u>             <u>  193,500</u>

Total Available Cash                                            183,180                  228,975

Less: Disbursements

Direct Materials                                                  64,500                      96,750

Direct Labour                                                      38,700                       58,050

Manufacturing Overhead                                  25,155                        30,315

Selling and Administrative                                 19,350                        25,800

Total Disbursements                                       <u>  147,705       </u>             <u>   210,915</u>

Cash Balance                                                     35,475                        18,060

Financing

Add: Borrowings                                                   0                                  7,740

Less: Repayments                                          <u>       0           </u>                    <u>      0    </u>

Ending Cash Balance                                        35,475                         25,800

The company wants to maintain a minimum monthly cash balance of $25,800 so in February they will have to borrow;

= 25,800 - 18,060

= $7,740

8 0
4 years ago
Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $3
Slav-nsk [51]

Answer:

a.  $2.4

b. $10,000 under-applied

c. Cost of goods sold A/c Dr $10,000

      To Manufacturing overhead    $10,000

Explanation:

a. The computation of the manufacturing overhead rate is shown below:

Manufacturing overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

= $300,000 ÷ 125,000 hours

= $2.4

(B) Now we have to find the actual overhead which equals to

= Actual direct labor-hours × predetermined overhead rate

= 130,000 hours × $2.4

= $312,000

So, the ending overhead equals to

= Actual manufacturing overhead - actual overhead

= $322,000 - $312,000

= $10,000 under-applied

c. The adjusting entry is shown below:

Cost of goods sold A/c Dr $10,000

      To Manufacturing overhead    $10,000

(Being the under-applied overhead is adjusted)

5 0
3 years ago
Objectives are Multiple Choice the means by which a marketing goal is to be achieved, usually characterized by a specified targe
omeli [17]

Answer:

a road map for the marketing activities of an organization for a specified future time period, such as one year or five years.

Explanation:

A business objective is defined as measurable achievements a company wants to attain within a given period of time.

It acts as a compass that shows that activities are on track to realise business goals.

The steps to get a favourable result are outlined, resources to be used are usually stated and a time frame given to get results.

Goals on the other hand are general results that a company wants to attain. Objectives are more specific.

5 0
3 years ago
Which of the following statements is CORRECT?a. If the cost of capital declines, this lowers a project's NPV.b. The NPV method i
AleksAgata [21]

Answer:

Both C and D statements are correct

Explanation:

3 0
3 years ago
Suppose that lenders want to receive a real rate of interest of 5 percent and that they expect inflation to remain steady at 2 p
s344n2d4d5 [400]

Answer:

the nominal interest rate is 7%

Explanation:

The calculation of the nominal interest rate is given below:

As we know that

Nominal interest rate is

= Real interest rate + Inflation rate

So,

The nominal interest rate should be

= 5% + 2%

= 7%

Hence, the nominal interest rate is 7%

The same is to be considered and relevant  

5 0
3 years ago
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