Answer:
Allocated overhead= $30,000
Explanation:
<h3>
First, we need to calculate the plantwide predetermined overhead rate:</h3>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 80,000/16,000
Predetermined manufacturing overhead rate= $5 per <u>direct labor hour</u>
<u>Now, we can allocate overhead to Small Monitors:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Small Monitors:
Allocated overhead= 5*6,000= $30,000
Oil level, tire presseure
Answer:
The principle of exception
Explanation:
Principle of exception is also known as Management by Exception. Management by exception (MBE) is a practice where only significant deviation from a planned target are brought to the attention of management. The idea behind it is that management's attention will be focused only on those areas in need of action and thus sparing the management to concentrate on critical activities free from routine activities. When nothing is brought to the notice of management, it is assumed that everything is moving as per plan.
Principle of Exception thus gives employees the responsibility to take decisions and to fulfil their work or projects by themselves. They are encouraged to take decisions and asked to bring up matter to superiors if an unusual situation or deviation in the recorded data appears, which could cause difficulties for the business and can’t be managed by the employee themselves.
Scott is also following this approach. He has given responsibility of managing the production and control defects within tolerable limits to the employees themselves. They are asked to report abnormal matters to Scott which in this case means defect exceeding 200 million.
Therefore, correct answer would be “The principle of exception “
IN THIS CASE, SCOTT IS USING THE PRINCIPLE OF EXCEPTION
Answer:
The Board of Governors--located in Washington, D.C.--is the governing body of the Federal Reserve System. It is run by seven members, or "governors," who are nominated by the President of the United States and confirmed in their positions by the U.S. Senate.
Explanation:
