Answer:
Operations Management:
a) true
Explanation:
Operations management ensures that the organization achieves its objectives by coordinating processes and executing them in the conversion of organizational resources into goods and services which will enable the organization to maximize profits. It is the core of the organizational hierarchy and plays important tactical roles that deliver results. It translates the strategic policies of top management into day-to-day actionable and deliverable processes to meet external needs (customers'), thereby generating income for the owners of the business. Without operations management, a business remains an idea that cannot be implemented.
Answer and Explanation:
The preparation of the direct labor budget is presented below:
Particulars Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total
Required
Production 10,600 8,500 7,000 11,100 37,200
Multiply with
Direct labor
hours 0.35 0.35 0.35 0.35
Total
direct labors 3,710 2,975 2,450 3,885 13,020
Multiply with
Direct labor
cost $20 $20 $20 $20 $20
Total
direct labor
cost $74,200 $59,500 $49,000 $77,700 $260,400
I believe the answer is B. False
Answer:
510,000 units
Explanation:
Note: The data in the questions are merged together and they are first separated before answering the question as follows:
Beginning Inventory Ending Inventory
Raw material 52,000 62,000
Finished goods 92,000 62,000
The explanation to the answer is as follows:
Beginning inventory of finished goods + Units of finished goods manufactured = Ending inventory of finished goods + Units of finished goods sold
Units of finished goods manufactured = Ending inventory of finished goods + Units of finished goods sold - Beginning inventory of finished goods
Therefore, we have:
Units of finished goods manufactured = 62,000 + 540,000 - 92,000 = 510,000
