Answer:
a. Task-oriented
Explanation:
Since Rufus, is already considered friendly by his subordinates and has the authority to assign important work to high performers under his wing, with the only limitation being that he does not chalk out clear objectives for his workers. According to Fiedler's contingency leadership theory model, the leadership styles that Rufus should follow in order to be a better leader is Task-oriented leadership.
The reason for the above suggestion is that Task-oriented leaders are focused on getting the job done and achieving set goals. These category of leaders are not as bothered about employees as they are about developing clear objectives required for achieving tasks meeting goals.
Answer: d.All of these choices are correct.
Explanation: all of the listed options all make use of standar, manufacturing engineer, accountant, and other management personnel make use of standards to estimate the acceptable production efficiency. Standards are also set by this personnel’s to motivate employees so as to achieve efficient operations and use of man power.
Answer:
$2,400 U
Explanation:
Labor efficiency variance is a financial metric that assesses a company’s ability to efficiently use labor per the expectations. The variance is worked out as the difference between the actual labor hours utilized and the standard amount that ought to have been used, multiplied by the standard labor rate.
In Clark Manufacturing:
It is given that:
Number of hours required to produce one product = 2 hours
Standard Labor rate(SLR) per hour = $12
Actual Labor rate(ALR) per hour = $12.20
Units of products produced = 2000
Number of hours required(SLH) to produce 2000 units = 4,000 hours
Actual Labor Hours(ALH) used =4,200 hours
Labor Efficiency Variance =(ALH - SLH) *SLR
= (4200-4000) *12
200*12 = $2,400 U
U means unfavorable. This variance is unfavorable because the labor cost exceeded the standard or budgeted labor cost.
Answer:
the maximum price the investor would be willing to pay for a share of Spencer Co. common stock today is $86.27
Explanation:
The computation of the maximum price the investor would be willing to pay for a share of Spencer Co. common stock today is shown below:
Expected dividend is
= $3 × 6.2469
= $18.7407
Now the market value is
= $135 × 0.5002
= $67.527
So, the maximum price is
= $18.7407 + $67.527
= $86.27
hence, the maximum price the investor would be willing to pay for a share of Spencer Co. common stock today is $86.27
Answer: B. reduces reported net income of the period but does not involve an outflow of cash for that period.
Explanation:
Depreciation is the wear and tear of an asset due to the use of the asset. When an asset is depreciated, such an asset is eventually sold at a scrap value.
The statement of cash flows (indirect method) reports depreciation expense as an addition to net income because depreciation reduces reported net income of the period but does not involve an outflow of cash for that period.
