Forecasting future human resource requirements for his company is a part of the human resource planning process.
Forecasting is the method of making predictions based totally on past and present statistics. Later those can be compared to what takes place. For example, an agency may estimate its sales within the next year, then examine it against the actual consequences. Prediction is similar, but the extra preferred time period.
Forecasting is a way that uses historic statistics as inputs to make informed estimates which can be predictive in determining the course of destiny traits. Businesses utilize forecasting to decide on a way to allocate their budgets or plan for expected expenses for an upcoming time frame.
There are 4 trendy steps in the Human Resource Planning process: identifying the modern supply of personnel, determining the future of the body of workers, balancing between labor supply and demand, and developing plans that help the employer's goals.
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Answer:
E. Purchasing inputs such as raw materials, resources, equipment and supplies
Explanation:
In business, <u>Procurement</u><u> </u>is the process of acquiring goods/services in order to support operational activities.
It includes all the aspects related to a purchase: price ( estimates, biddings ) , payment terms, good specifications, quality, delivery, volumes, etc.
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.
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Answer:
Total cost of Job A3B= $31,900
Explanation:
Job A3B was ordered by a customer on September 25.
The company applies overhead at a rate of 100% of the direct labor cost incurred.
Cost of September:
$3,400 of direct materials
$4,900 of direct labor.
$4,900 manufactured overhead
Total= $13,200
Cost of October:
$3,900 of direct materials
$7,400 of direct labor
$7,400 manufactured overhead
Total= $18,700
Total cost of Job A3B= 13,200 + 18,700= $31,900
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Each unit requires 0.25 direct labor-hours and direct laborers are paid $14.00 per hour. In addition, the variable manufacturing overhead rate is $1.60 per direct labor-hour. The fixed manufacturing overhead is $95,000 per quarter.
Direct labor per unit= 0.25*14= $3.5
Direct labor equation= 3.5*x
x= units produced
For example:
100 units
Direct labor= 3.5*100= $350
