Measuring performance relative to objectives and standards is part of __________

Assume that it is customary in the industry to bid jobs at 150% of total manufacturing cost (direct materials, direct labor, and

Fiesta28 [93]

Answer:

Some financial details with which to calculate the bid price are missing,find them in the attached question.

The bid price if the predetermined overhead rates have applied is $112,473.00 as shown below

Explanation:

a) Plantwide Overhead Rate = Manufacturing overhead/direct labor cost=$1,543,610.00/$947,000.00

Plantwide Overhead Rate = $1.63

Total Manufacturing Cost = Direct Material + Direct Labor + overhead applicable

Total Manufacturing Cost = $18,700.00+$21,400.00 + $(21400*1.63 )

Total Manufacturing Cost = $ 74,982

Bid Price = Total Manufacturing Costs *1.5(150%)

Company's Bid Price = $74,982.00*1.5

Company's Bid Price = $ 112,473.00

5 0

3 years ago

Kopa Company manufactures CH-21 through two processes: Mixing and Packaging. In July, the following costs were incurred. Mixing

Talja [164]

Answer:

mixing WIP 10,000

packaging WIP 28,000

raw materials inventory 38,000

mixing WIP 8,000

packaging WIP 36,000

wages payable 44,000

mixing WIP 12,000

packaging WIP 54,000

Factory overhead 66,000

packaging WIP 21,000

mixing WIP 21,000

FInished Goods 106,000

packaging WIP 106,000

Explanation:

the cost for each department are assignet

then we transfer from mising to packing

and finally from packaging to finished goods.

5 0

3 years ago

When teams are performing nonroutine activities, *BLANK* stimulate discussion, promote critical assessment of problems and optio

OleMash [197]

Answer: a. Task conflict

Explanation:

Task conflict could be seen as the inability of groups carrying out a specific task to seize progression over different needs, behavior issue or ideas which don't seem to bring an agreement. Task conflict is vital in most times in firms, as it helps the organization access itself based on the decisions they, although they may not agree on some or most terms but there is an evaluation on how things are done and making room for improvising to do better, this is if they partake optimistically and selflessly in the task conflict

7 0

4 years ago

The American Baker’s Association reports that annual sales of bakery goods last year rose 15 percent, driven by a 50 percent inc

Snowcat [4.5K]

Answer:

Optimal package size = 4 units

Optimal package price = $20

Explanation:

P = 8 - 1.5Q and C(Q) = 2.0Q, MC = 2

To obtain optimal package size, we put

Price is equal to the marginal cost, P = MC

8 - 1.5Q = 2

1.5Q = 6

Q = 6 ÷ 1.5

= 4

Therefore,

Optimal package size = 4 units

Hence,

Optimal package price:

= 0.5[8 - 2] × 4 + 2 × 4

= 12 + 8

= $20

3 0

3 years ago

Greg, a supervisor, is known by his managers to be sharp in his decisions and has a good track record of meeting his goals. greg

shepuryov [24]

Answer: (B) Effective

Explanation:

Greg is an effective supervisor as they supervise or guide all the employees in an organization for the purpose of completing the tasks, meet the actual deadlines and also motivating the employees.

It has the good leadership quality and also recognizing all emotions according to the given task.

According to the given question, the effective supervision taking various types of sharp decisions and also tracking all the tasks for meeting the goals.

Therefore, Option (B) is correct answer.

4 0

4 years ago

Measuring performance relative to objectives and standards is part of ___________.