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3 years ago

1. Describe the four management functions and the type of management activity associated with each.

Business

1 answer:

kari74 [83]3 years ago

8 0

Answer:4 Functions of Management Process: Planning, Organizing, Leading, Controlling

Planning and Decision Making – Determining Courses of Action.

Organizing – Coordinating Activities and Resources.

Leading – Managing, Motivating and Directing People.

Controlling – Monitoring and Evaluating activities.

Explanation:

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Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations a

VARVARA [1.3K]

Answer:

Basic = $140.82

Dominator = $392.216

Explanation:

For Basic:

Total cost for Basic:

= Direct materials costs + Direct labor costs + Manufacturing overhead

= $ 11,000 + $72,000 + $128,232

= $211,232

Per unit cost:

= Total cost for Basic ÷ Number of units produced

= $211,232 ÷ 1,500

= $140.82

For Dominator:

Total cost for Dominator:

= Direct materials costs + Direct labor costs + Manufacturing overhead

= $3,500 + $34,000 + $60,554

= $98,054

Per unit cost:

= Total cost for Basic ÷ Number of units produced

= $98,054 ÷ 250

= $392.216

Workings:

Manufacturing overhead (Basic):

= Manufacturing overhead costs × (Direct labor costs ÷ Total direct labor costs)

= $188,786 × ($72,000 ÷ $106,000)

= $128,232

Manufacturing overhead (Dominator):

= Manufacturing overhead costs × (Direct labor costs ÷ Total direct labor costs)

= $188,786 × ($34,000 ÷ $106,000)

= $60,554

7 0

3 years ago

The city of Jacksonville, Florida is issuing $100,000,000 of general obligation bonds paying interest on January 1st and July 1s

Yuri [45]

Answer: Odd first interest payment

Explanation: The Interest paid on the first installment is a odd first Interest payment. Such scenario comes into play when a loan with a fixed installment payment date, which is 6 months in this case (January 1st and July 1st), begins on a date which does not allow the immediate use to f this regular payment schedule. Hence, the odd first Interst payment is adopted in other to enable the lender cove r the initial period before beung able to use the usual regular payment schedule. In this case the odd first Interest schedule is between June 1st to January 1st. After which regular payment schedule commences on July 1st.

5 0

2 years ago

If you see someone who is injured at a workplace, the first thing you should do is _______.

laiz [17]

Answer:

Call for someone then you need to help them as much as you can

5 0

3 years ago

Read 2 more answers

In the past, Taylor Industries has used a fixed−time period inventory system that involved taking a complete inventory count of

N76 [4]

Answer:

a) Taylor Industries can successfully cut back its labor cost in inventory stockrooms by counting only high-value items. These items are determined by reference to their Annual Usage values. The items' annual usage values should be used as the activity cost pool for accumulating and allocating labor cost in inventory stockrooms. Taylor Industries can establish a benchmark or cutoff point so that only the items meeting this benchmark are counted. For example, the items with annual usage value above $5,000 should be included in the items to be counted. This strategy will reduce the number of items to be counted and therefore the labor cost.

b) Since item 15 is critical to Taylor Industries' continued operations, it should be classified as a direct materials cost and not an overhead cost.

Explanation:

a) Data and Calculations:

a random sample of 20 of Taylor's items:

ITEM NUMBER ANNUAL USAGE ITEM NUMBER ANNUAL USAGE

1 $ 1,500 11 $ 13,000

2 12,000 12 600

3 2,200 13 42,000

4 50,000 14 9,900

5 9,600 15 1,200

6 750 16 10,200

7 2,000 17 4,000

8 11,000 18 61,000

9 800 19 3,500

10 15,000 20 2,900

Average annual usage value = $12,657.50

4 0

3 years ago

Alpha Computing is a U.S. company that specializes in IT research. It has formed a joint venture with Microchips Inc., a Belgium

hichkok12 [17]

Answer:

The answer is: A) strategic alliance

Explanation:

A strategic alliance is an agreement between two or more independent companies to participate in a mutually beneficial project. The companies share resources for this specific project while remaining independent in all their other business activities.

This is usually done to try to enter a new market or to develop a new product.

3 0

3 years ago

Read 2 more answers