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Scorpion4ik [409]
2 years ago
13

Vanessa is the purchasing manager at General Things, a maker of housewares. She has evaluated the first year's performance of Hu

nter, a purchasing agent. In the evaluation, she noted that he places orders accurately, but when employees in the company ask about the status of their orders, he has difficulty finding the information for them in a timely manner. What should be the next step in performance management in this situation?
Business
1 answer:
klemol [59]2 years ago
3 0

Answer: The options are given below:

A. Vanessa should define new performance outcomes that do not include checking order status.

B. Hunter should develop more realistic goals that do not include checking order status.

C. Vanessa and Hunter should set new performance standards that are more realistic.

D. Vanessa should arrange for training so Hunter can learn how to look up the status of orders.

E. Vanessa should provide Hunter with ongoing performance feedback.

The correct option is D. Vanessa should arrange for training so Hunter can learn how to look up the status of orders.

Explanation: From the scenario given above, we can conclude that Hunter is a good purchasing agent, but a bad record keeper, since he finds it difficult to quickly come up with information about orders.

The next reasonable step to take in order to make Hunter perform better would be to arrange a training for Hunter in order to make him a better record keeper, and therefore be able to keep the records on his orders in a way that he will be able to quickly come up with the status of the orders of employees.

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When countries specialize in the production of goods they have the comparative advantage in, both ___________ and ______________
Anna71 [15]

Based on the question above, <u>demand and supply</u> will increase.

<h3>Demand</h3>
  • demand is the quantity of a good that consumers are willing and able to buy at various prices during a given period of time.

<h3>Supply</h3>
  • supply is the amount of a resource that firms, manufacturers, labourers, providers of financial assets, or other economic agents are willing and able to provide to the marketplace or to an individual.

Therefore, the correct answers are demand and supply.

Learn more here:https://brainly.in/question/19402695

7 0
2 years ago
Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing system and
love history [14]

Answer:

Dillon Products

1. Journal entries for (a) through (f)

a) Debit Raw Materials Account $325,000

   Credit Accounts Payable $325,000

To record the purchase of raw materials on account.

b) Debit Work in Process $232,000

   Debit Manufacturing overhead $58,000

   Credit Raw materials account $290,000

To record the transfer of raw materials to WIP and Overhead.

c) Debit Work in Process $60,000

   Debit Manufacturing overhead $120,000

   Credit Wages & Salaries $180,000

To record the transfer of labor cost to WIP and Overhead.

d) Debit Manufacturing overhead $75,000

   Credit Depreciation Expense- Equipment $75,000

To record the transfer of depreciation expense to Overhead.

e. Debit Manufacturing Overhead $62,000

   Credit Expenses Payable $62,000

To record other overhead incurred on account.

f. Debit Work In Process $300,000

   Credit Manufacturing Overhead $300,000

To record the overhead applied on the basis of 15,000 machine hours at $20 per machine hour.

2. T-accounts:

Manufacturing overhead

Account Title                   Debit        Credit

Raw materials             $58,000

Wages & Salaries        120,000

Depreciation- Equip.     75,000

Expense Payable          62,000

Work in Process                             $300,000

Finished Goods                                   15,000

Work in Process Account

Account Title                     Debit        Credit

Raw materials account  $232,000

Wages & Salaries               60,000

Manufacturing overhead 300,000

Finished Goods                               $592,000

Finished Goods

Account Title                     Debit        Credit

Work in Process           $592,000

Manufacturing overhead  15,000

3. Journal Entry for item (g):

Debit Finished Goods $607,000

Credit Work in Process $592,000

Credit Manufacturing overhead $15,000

To record the cost of manufactured parts, including the under-applied overhead.

4. Cost of goods sold = 10,000 *$607,000/16,000 = $379,375

(While Ending Inventory = 6,000 *$607,000/16,000 = $227,625.)

Explanation:

a) Data and Calculations:

Estimated manufacturing overhead = $4,800,000

Estimated machine hours = 240,000

Overhead rate = $4,800,000/240,000 = $20 per machine hour

Actual cost data for January:

Number of machine parts = 16,000

Raw materials purchased on account = $325,000

Raw materials cost:

 Direct materials = $232,000 (80% of $290,000)

 Indirect materials = $58,000 (20% of $290,000)

Labor cost

 Direct labor = $60,000 ($180,000 * 1/3)

 Indirect labor = $120,000 ($180,000 * 2/3)

Manufacturing overhead:

 Depreciation = $75,000

 Others = $62,000

 Indirect materials = $58,000

 Indirect labor = $120,000

Total actual overhead incurred = $315,000

Machine hours actually worked = 15,000

b) Other Accounts

1. Expenses Payable

Account Title                   Debit        Credit

Manufacturing overhead               62,000

2. Depreciation Expense - Equipment

Account Title                   Debit        Credit

Manufacturing overhead              $75,000

3. Raw Materials Account

Account Title                   Debit        Credit

Accounts Payable      $325,000

Work in Process                             $232,000

Manufacturing overhead                   58,000

4. Accounts Payable

Account Title                   Debit        Credit

Raw Materials                                $325,000

c) The manufacturing overhead applied is $300,000 (15,000 machines hours actually used multiplied by $20 overhead rate), while the actual overhead costs incurred total $315,000.  So there is an under-applied overhead of $15,000 which is charged to Finished Goods in order to obtain the correct cost of 16,000 custom-made machined parts.

7 0
2 years ago
Parkinson Company (PC) had a beginning balance of $86,000 and an ending balance of $90,000 in itslong-term marketable securities
loris [4]

Answer:

the cash inflow from the sale of securities is $7,000

Explanation:

The computation of the cash inflow from the sale of securities is shown below:

= Opening balance + purchase marketable securities + gain on the sale of marketable securities - ending balance

= $86,000 + $10,000 + $1,000 - $90,000

= $97,000 - $90,000

= $7,000

hence, the cash inflow from the sale of securities is $7,000

8 0
3 years ago
If a society wants to get the most out of the available resources, money should be spent on pollution control​ (A)​ until pollut
Ksju [112]

Answer: Option C  

           

Explanation: The maximum amount of money that a consumer is willing to pay for having an additional unit of a good or service is called the marginal benefit. Whereas, marginal cost refers to the increase in total cost when one more unit of output is produced.

In the given case, we want to use the available resources at their best, therefore, the money on pollution control should be spent only until the benefit of spending one more dollar is greater than the cost of doing so.

Hence, the correct option is C.

5 0
3 years ago
What is the three part process for problem solving\?
ch4aika [34]
The three part process for problem solving are:
1. Analyse the problem: take the problem into parts and consider what could be done and what could not be done.
2. Solve for the unknown: decide on a suitable solution based on the results of the analysis that you carried out.
3. Evaluate the answer: Evaluate your solution to see if it the very best you can come up with.
8 0
3 years ago
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