The most common method used for training non-managerial employees is on the job training (OJT).
On-the-job training (OJT) is a hands-on approach to acquiring new competencies and skills required for work in a real work environment.
Often used to learn how to use a particular tool or equipment in a real work practice, simulation, or training environment.
Instead of showing employees presentations and handing out worksheets, employees learn about the job by doing it. This training takes place in the workplace under the direction of a supervisor, manager or other competent employee.
As part of the introduction phase, new employees will have a close look at all future work processes. They learn what to expect in the workplace, how to operate equipment, and other skills necessary to succeed on the job.
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Answer:
December 31, 2021
Debit : Dividends $28,500
Credit : Shareholders for Dividends $28,500
Explanation:
The Dividends declared present a present obligation by the entity to its shareholders.
Answer:
An organizational structure is a system that outlines how certain activities are directed in order to achieve the goals of an organization. These activities can include rules, roles, and responsibilities. The organizational structure also determines how information flows between levels within the company.
Answer:
Total material price variance= $380 favorable
Explanation:
Giving the following information:
Material A:
Purchase= 1,000 units
Purchase price= $2.1
Standard price= $2
Material B:
Purchase= 2,400 units
Purchase price= $2.8
Standard price= $3
<u>To calculate the total material price variance, we need to use the following formula on each material:</u>
<u></u>
Direct material price variance= (standard price - actual price)*actual quantity
<u>Material A:</u>
Direct material price variance= (2 -2.1)*1,000
Direct material price variance= $100 unfavorable
<u>Material B:</u>
Direct material price variance= (3 - 2.8)*2,400
Direct material price variance= $480 favorable
Total material price variance= -100 + 480
Total material price variance= $380 favorable
A self-liquidating premium is one in which the extra goods is supplied at a discount from the retail price but at a level sufficient to pay the item's cost.
When a consumer is expected to pay a specific monetary value for a gift or item, this is referred to as a self-liquidating premium. Premium Offer refers to value-added items, travel, or services offered to consumers in exchange for purchasing an alcoholic beverage product, also known as "product gift" or "gift with sales promotion.". Small gifts are supplied with the box as an in-or out-of-package premium. A nice example of this is the All Black collectors' cards included in Sanitarium Weet Bix boxes.
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