An organizational role is a set of task-related behaviors required of a person by his or her position in an organization.

The functional manager is planning the billing system replacement project with the newest project manager at the company. In dis

jonny [76]

Answer:

(A) Project life cycle

Explanation:

The product life cycle focuses on not only the project cost of producing the product, but the total ownership cost of the project product. The project life cycle involves the processes used to create the project's product, such as the steps to build a home or computer system.
The project management life cycle is the project management approach to the project. The “Program Management Life Cycle” is sound.

so correct option is (A) Project life cycle

3 0

3 years ago

Rosewood Company made a loan of $16,000 to one of the company's employees on April 1, 2020. The one-year note carried a 6% rate

Nady [450]

Answer:

loan interest revenue for 2020 is $720

loan interest revenue for 2021 is $240

Explanation:

The loan interest revenue in the year 2020 is for 9 months out of the total loan tenure of twelve months:

interest revenue for 2020=$16,000*6%*9/12=$720.00

This would be debited to interest receivable and credited to interest revenue account.

interest revenue for 2021=$16,000*6%*3/12=$240.00

3 0

3 years ago

Read 2 more answers

Metal Shelf Company's standard cost for raw materials is $ 4.00 per pound and it is expected that each metal shelf uses two pou

rusak2 [61]

Answer:

There are 3 possible primary answers:

a. The production department had to use more materials since the quality of the material was inferior.
The expectation that each metal shelf uses 2 lbs of materials is rounded off figure whereas in actual each metal shelf uses 2.0769 lbs of material
There is a process loss of 0.0769 of material per metal shelf's manufacturing(3.7% process loss)

Explanation:

Given:

Expected Material required per metal shelf = 2 lbs

Cost of raw material = 4 $/lb

Material purchased in Oct-year 2= 25,000 lbs

Cost of purchased material in Oct-year 2 = 97,000 $

Cost of material per lbs purchased in Oct-year 2 = 97000/25000 = 3.88 $/lb

Total shelves produced = 13,000 Nos

Total material used = 27,000 lbs

Actual material used per metal shelf = 27000/13000 = 2.0769 lbs/Nos

Thus it is concluded that either the expected materials' amount of 2 lbs was rounded off or there happened a process loss 0.0769 lbs per metal shelf.

Why not these?

Cost of material per lbs purchased in Oct-year 2 = 97000/25000 = 3.88 $/lb

b. The purchasing manager paid more than expected for materials

As the purchased lot was cheaper (@ 3.88 $/lb) than regular rate of 4$/lb therefore the purchase manager didn't pay more than expected.

c. Production workers were more efficient than anticipated

Actual material used per metal shelf = 27000/13000 = 2.0769 lbs/Nos

As the more material was used than expected thus this statement can't be true.

d. The overall materials variance is positive, no further analysis is necessary

Actual material used per metal shelf = 27000/13000 = 2.0769 lbs/Nos

Considering we are using more materials than expected so the overall material variance should not be positive and we should plan further analysis.

6 0

3 years ago

Read 2 more answers

In January, Dieker Company requisitions raw materials for production as follows: Job 1 $970, Job 2 $1,520, Job 3 $810, and gener

USPshnik [31]

Answer:

Dieker Company

Job Cost Sheet of

Job1 Job2 Job3

Materials $970 $ 1520 $ 810

Factory Labor $2390 $ 1730 $1560

General Factory

Indirect material $ 660 $ 660 $ 660

Indirect labor $ 1920 $ 1920 $ 1920

Total $ 5940 $5830 $ 4950

Cost of Job 1

Materials $ 970

Factory Labor $ 2390

G. Factory $ 2580

Total $ 5940

Cost of Job 2

Materials $ 1520

Factory Labor $ 1730

G. Factory $ 2580

Total $ 5830

Cost of Job 3

Materials $ 810

Factory Labor $ 1560

G. Factory $ 2580

Total $ 4950

7 0

2 years ago

Suppose that XYZ Company hires labor and capital in competitive input markets. Assume that labor costs $200 per day and that a u

GuDViN [60]

Answer:

a) Yes, the firm is minimizing the cost of current production. This is because MRPL / w = MRPC / r = 0.20.

b) The long run adjustments that the firm would likely make in response to the wage increase is to use more labor and less capital until MRPL / w = MRPC / r, which is the condition for the cost minimization of a firm.

Explanation:

a) Given the information provided, is the firm minimizing the cost of current production? Explain why or why not.

The condition for the cost minimization of a firm is as follows:

MRPL / w = MRPC / r ……………………………. (1)

Where:

MRPL = Labor's marginal product = 40

w = Cost of labour = $200

MRPC = Capital's marginal product = 30

r = Cost of capital = 150

Therefore, we have:

MRPL / w = 40 / 200 = 0.20

MRPC / r = 30 / 150 = 0.20

Since MRPL / w = MRPC / r = 0.20, this implies that these conditions are consistent with equation (1). Therefore, the firm is minimizing the cost of current production.

b) If the daily wages were to increase, explain the long run adjustments that the firm would likely make in response to the wage increase.

If the daily wages were to increase, the MRPL / w in equation (1) in part a above will fall and we will have:

MRPL / w < MRPC / r …………………… (2)

Since equation (2) is no longer consistent with equation (1), the firm is NOT minimizing the cost of current production.

Therefore, the long run adjustments that the firm would likely make in response to the wage increase is to use more labor and less capital until MRPL / w = MRPC / r, which is the condition for the cost minimization of a firm.

7 0

2 years ago