Answer:
a. 32 secs
b. 3.75 or 4
Explanation:
The computation is shown below:
(a) Cycle Time is
= Operation time per week ÷ output per week
= (40 hours × 60 × 60) ÷ (4,500)
= 32 secs
(b) And, the Theoretical minimum number of workstations required is
= Sum of total task times ÷ cycle time
= (22 + 30 + 15 + 14 + 12 + 27) ÷ (32 sec)
= 3.75 or 4
By applying the above formulas we can get the cycle time and the theoretical minimum number of work stations
Answer:
A. The company paid a higher cost for the direct materials than allowed by the standards.
Explanation:
The following is a logical explanation for this variance:
Since, the standard quantity of raw materials to be used is 22 pounds x 500 units = 11000 pounds. The actual usage is 9500 pounds ony. Hence, variance in direct material price variance can be only due to higher cost of direct material purchased.
Answer:
used to identify major stockholders
Explanation:
Environmental scanning is a management strategy that focuses on systematically acquiring informations about occasions, trends, events or patterns through surveys and analysis of these information in an organisation's external and internal environment. The informations acquired through environmental scanning is then used by the executive management in strategically planning the organisation's future and exploitation of available opportunities for the success of the organization.
The internal environmental scanning offers an organization strength and weakness while the external environmental scanning provides information about opportunities and threats.
Generally, the external environmental scanning gives an overview of the opportunities in the market as well as potential threats to an organization.
Hence, the following are descriptive of an external environmental scanning;
1. Used as a tool for corporations to avoid strategic surprise.
2. Used to monitor, evaluate, and disseminate information relevant to the organizational development of strategy.
3. Used to determine a firm's competitive advantage.
4. Used as a tool to ensure a corporation's long-term health.
Overmanaging is the most evident mistake Claudia made as a senior accountant.
