All categories

3 years ago

Which department manages the process of converting or transforming resources into goods or services?

Business

1 answer:

katovenus [111]3 years ago

8 0

Answer:

The answer is operation or production department

Explanation:

One of the Operation or production department's function is to convert inputs of factors of production (e.g. raw materials or resources) into output or finished goods and services.

Operation or production department in any organization is saddled with this responsibility.

You might be interested in

Adam Holmes is the Processing Manager of Empire Mortgage Company, a firm that processes loan applications for a number of region

Elina [12.6K]

Answer:

a. <u>Labor variances for 14 PT staff: </u>

Labor rate variance = (Standard Rate – Actual Rate) x (Actual time per app) * (number of apps. completed)

= ($50 - $52) x 1.40 x 2,604

= $7291.20 (Unfavorable)

Labor Efficiency variance = [(Standard hours per app. X number of app.) - (Actual time per App. * number of apps.)] * Std. rate

= [(1.20 * 2,604) - (1.40 * 2,604)] * $50

= [3,124.80 - 3,645.60] * $50

= $26,040 (Unfavorable)

Labor Cost variance = Labor rate variance + Labor efficiency variance

= $7,291.20 (Unfavorable) + $ 26,040 (Unfavorable)

= $33,331.20 (Unfavorable)

<u>Labor variances for 10 SD staff</u>:

Labor rate variance = (Standard Rate – Actual Rate) x (Actual time per app) * (number of apps. completed)

= ($45 - $47) * 1.20 * 1,600

= $3840 (Unfavorable)

Labor Efficiency variance = [(Standard hours per app. X number of app.) - (Actual time per App. * number of apps.)] * Std. rate

= (1.40*1,600) – (1.20*1,600)]*$45

= [2,240 – 1,920] * $45

= $14,400 (Favorable)

Labor Cost variance = Labor rate variance + Labor efficiency variance

= $3,840 (Unfavorable) + $ 14,400 (Favorable)

= $10,560 (Favorable)

5 0

3 years ago

Which of these are most likely to be victim of information systems incidents like hacking?

fenix001 [56]

C. Finacial is the answer.
Welcome

8 0

3 years ago

From 1970 to 1998 the U.S. dollar Group of answer choices gained value compared to the Italian lira because inflation was higher

balu736 [363]

Answer:

A. Gained value compared to the Italian lira because inflation was higher in Italy.

Explanation:

8 0

3 years ago

Suppose two countries, Country A and Country B, have a similar real GDP per capita. Country A has an average economic growth r

ozzi

Answer:

Explanation:

Many studies have found a positive correlation between economic growth and living standards. This means that empirical works have found that countries with higher economic growth, often have better living standards than the countries with less economic growth. In this case if real GDP per capita of both countries is similar, then they are comparable.

We can deduce that the country B will experience an increase in living standards much more rapidly in the long run because economic growth leads to an increase in profits for firms, there would be a better capital and labor return. This means that firms will pay more for capital and labor, if households are de owners of capital and labor, their rents and wages will increase. The disposable income will increase for households and they will consume more goods and services, then their living standards will increase.

7 0

3 years ago

During December, the production department of a process operations system completed and transferred to finished goods a total of

kati45 [8]

Answer:

$3 per unit

Explanation:

The computation of the direct materials cost per equivalent unit is shown below:

Completed and transferred to finished goods 65,000 units

Equivalent number of additional units in process 15000 units

Beginning inventory material cost $57,500

Direct material cost incurred $183,000

Total direct material cost $240,500 ($57,500 + $183,000)

ANd, the total units is 80,000 (65,000 + 15,000)

So, the direct material cost per equivalent unit is

= $240,500 ÷ 80,000 units

= $3 per unit

3 0

2 years ago