Answer: D. OM plays an equally important role in both manufacturing and services
Explanation: Operations management is the activity carried out for production in terms of development and coordination, with the objective of achieving competitive advantages.
Therefore, it is indifferent if a company operates in a manufacturing or service company, because the functions of the operations manager will be the same and will have the same relevance.
Example: An operations manager of a clothing factory will have the same functions as a manager in an airline, what will differentiate the goals will be the activities of the company.
Answer with Explanation:
Following are the benefits of using departmental Income Statements:
- Gives an understanding of where the company lacks efficiency
- Helps in setting budgets and efficiency cuts so that the management of the department works hard to lower operational lead time and other efficiencies found in the operational activities. By setting the budgeted income statement for the department, the appraiser of the company performance is possible by using variance analysis method.
- The Departmental Income Statement also helps in appraising performance of each department which helps identifying which department requires upper level management attention.
- It is very useful when undergo financial analysis of departmental income statement which helps in identification of problematic areas, which are lowering profits and thus corrective actions can be taken to overcome these issues.
- It helps in allocating of jointly shared costs of non production overheads like Accounts Department Costs, Audit Department Costs, Electricity bills, etc. This helps in better appraisal of departments and identification of appropriate basis. In the above case the appropriate basis would be Income balances for accounts department, Income Balances For audit department cost and electricity units consumption of each department.
The above benefits makes the department income statements important for the managerial use.
<u>Explanation:</u>
Note that<em> call options</em> are simply contracts or tradable assests that gives owners the right to buy the stock at a certain price. While <em>a financial manager</em> is someone task with managing the assets of an investor in a company.
Knowledge of call options will allow the financial manager to sucessfully work with stocks, warrants (recently issued shares of stock), and convertible securities (such as debts been replaced with common stocks).
Answer:
Predetermined manufacturing overhead rate= $25.71 per direct labor hour
Explanation:
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
<u>Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base</u>
Predetermined manufacturing overhead rate= (1,192,360 / 52,000) + 2.78
Predetermined manufacturing overhead rate= 22.93 + 2.78
Predetermined manufacturing overhead rate= $25.71 per direct labor hour
Answer:
approx. - approximately
appt. - appointment
apt. - apartment
A.S.A.P. - as soon as possible
c/o - care of, used when sending mail to someone who's not at their usual address
dept. - department
D.I.Y. - Do it yourself
est. - established
E.T.A. - estimated time of arrival
min. - minute or minimum
misc. - miscellaneous
Mr. - Mister
Mrs. - Mistress (pronounced Missus)
no. - number
R.S.V.P. - Répondez, s'il vous plait, this initialism comes from the French for "please reply." It's used on invitations to parties and events and is intended (as it says) to be responded to with a "yes, we will attend," or "no, we will not."
tel. - telephone
temp. - temperature or temporary
vet. - veteran or veterinarian
vs. - versus
tsp or t - teaspoon/teaspoons
tbs, tbsp or T - tablespoon/tablespoons
c - cup/cups
gal - gallon
lb - pound/pounds
pt - pint
qt - quart
hope this is what tou looking for. theres more than 20, so you can pick and choose
