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3 years ago

Which is the best choice to explain why human resource manager is so important to organizations

Business

1 answer:

Zielflug [23.3K]3 years ago

5 0

Answer:

which is the best choice to explain why human resource manager is so important to organizations?

Human resource manager maintains the influx of the organization, they help in recruitment process as well as exempt or sack those that are not needed anymore in the organization.

Explanation:

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Sharp Company manufactures a product for which the following standards have been set: Standard Quantity or Hours Standard Price

ohaa [14]

Answer:

Direct labor cost = $51450

Direct labor hours 4677.27

Direct labor per hour 1.46

Explanation:

Sharp Company

Given Data

Standard Quantity or Hours Standard Price or Rate Standard Cost

Direct materials 3 feet $ 11 per foot $ 33

Direct labor ? hours ? per hour ?

Materials quantity variance $ 4,400 U

Labor spending variance $ 450 F

Labor efficiency variance $ 2,000 U

1.a. The Actual Cost per foot of materials for March=$111,300/10000=$ 11.13

Materials quantity variance $ 4,400 U =(Standard Price * Actual Quantity)-(Standard Price * Standard Quantity)

$ 4,400 U = 11* AQ- 11*3 feet*3200

$ 4400= 11* AQ- 105600

$ 4400+ $105600= 11* AQ

AQ =110000/11= 10,000

b. Materials price variance = Actual Price *Actual Quantity - Standard Price * Actual Quantity

Materials price variance =Actual Price *Actual Quantity - Standard Price * Actual Quantity

Materials price variance =$ 11.13* 10000- 11*10000

Materials price variance=$111,300-110000=1300 Unfavorable

Spending variance= Purchase Price Variance + Materials quantity variance

Spending variance= 1300 Unfavorable + $ 4,400 U= 5700 Unfavorable

2. Labor spending variance $ 450 F =Labor efficiency variance $ 2,000 U+Direct Labor rate per hour

a. Direct Labor rate per hour =Labor efficiency variance + Labor spending variance =$ 2,000 +$ 450 =$ 2450 Unfav

Direct Labor rate per hour =(actual hours* actual rate)- (actual hours * standard rate)

Direct labor time variance= (actual hours* standard rate)- (standard hours * standard rate)

$ 2450 Unfav= 4900*11- standard hours * 11

standard hours *11= 53900- 2450= 51450

b. Standard Hours= 51450/11= 4677.27

c. Standard Hours per unit of product= 4677.27/3200= 1.46

Actual Hours= 4900/3200= 1.53125

4 0

3 years ago

Use a T-account analysis to determine the amount of cash paid to suppliers of merchandise during the reporting period if cost of

larisa86 [58]

Answer:

The amount of cash paid to suppliers of merchandise during the reporting period is $31

Explanation:

Inventory beginning balance is $90, ending balance is $93

Account payables beginning balance is $14, ending balance is $16

Cost of goods sold is $30

Using T accounts: Beginning Inventory + Purchases - Ending Inventory = Cost of Goods Sold.

Therefore Purchases = Cost of Sales - Beginning Inventory + Ending Inventory

Purchases = 30-90+93 = 33

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In the Accounts Payable Account

Opening balance and Credit purchases are on the credit side, while payment to suppliers and closing balance are on the debit side

Therefore: Opening balance + Purchases during the period = Payments during the period + closing balance.

Hence: 14+33= payments during the period + 16

Payments during the period = 14+33 - 16 = $31

7 0

3 years ago

A local philanthropist made an unconditional pledge to donate $100,000 to a not-for-profit organization to be paid in five equal

sweet [91]

Answer:

The correct answer is C)

Explanation:

A pledge in this context is a vow or a promise to make a donation or give something at a future date. It may be vocalized or communicated in writing.

The Financial Accounting Standards Board (FASB), sets out the criteria for recognizing a pledge or a promise as follows:

Relevance— If the promise is important enough to make a difference in the users decisions, then it ought to be recognized
Definitions—If the item satisfies the definition of a component of a financial statement, then it ought to be recognized;
Dependability— When the pledge is based on a fact that can be recorded, verifiable, and neutral, then it can be recognized
Measurability— if it allows for measurability, then it should be recognized

It is clearly stated that where the certainty or reliability of a promise or a vow is difficult that measure, it is better to decline from recognizing such a pledge.

Cheers!

8 0

3 years ago

When Resisto Systems, Inc., was formed, the company was authorized to issue 5,000 shares of $100 par value, 8 percent cumulative

kirill [66]

Answer:

Resisto Systems

Stockholder Equity As on MM DD, YYYY

Common Share paid-in Capital $120,000

Preferred Shares paid-in Capital $250,000

Additional paid-in capital above par Common $540,000

Additional paid-in capital above par Preferred $12,500

Retained Earning <u>$382,000 </u>

Total Stockholder Equity <u>$1,304,500</u>

Explanation:

The stockholders' equity section is reported on the Equity and Liabilities section of the balance sheet. Equity and Liabilities section are equal to the total assets value on the balance sheet. The Stockholders Equity section is consists of the capital from common and preferred shares and any additional paid-in capital over par value. Retained earnings is also a part of this section. The retained earnings is the net balance of opening retained earnings, net income earned during the period and dividends paid during the period.

Preferred share issued = 5,000 x 0.5 = 2,500

Common Share paid-in Capital = 60,000 x $2 = $120,000

Preferred Shares paid-in Capital = 2500 x $100 = $250,000

Additional paid-in capital above par Common = ( $11 - $2 ) x 60,000 = $540,000

Additional paid-in capital above par Preferred = ( $105 - $100 ) x 2,500 = $12,500

7 0

4 years ago

Why do you think the accounting requirements for job-order costing are more demanding than those for process costing

klasskru [66]

Since there is a cost involved in allocating the specific material and labor to the product, job order cost systems are sometimes more expensive to operate than a straightforward process costing system.

<h3>What is job order costing?</h3>

Job order costing is a costing approach used to calculate the cost of producing each product. This pricing approach is typically used when a company creates a number of items that are distinct from one another and wants to assess the cost of performing a single operation. Direct labor, direct supplies, and manufacturing overhead are all included in task pricing.

Job order costing can be used to determine if a job is profitable. Efficient task order costing enables businesses to generate bids that are competitive while being profitable.

learn more about job order costing refer:

brainly.com/question/24277455

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8 0

2 years ago