The human compromise that has made Linda to change her decision in upgrading the editing software due to the systems crashed that was caused by previous upgrade is Recency Syndrome.
- The recency effect can be regarded as tendency to remember the action or effect of most recently presented information best.
- This syndrome always helps manager to learn from past mistakes so that he can avoid it next time. If not for this syndrome, Linda could have gave in for the upgrade, but she was afraid of crashing of the system.
Therefore, Recency Syndrome is the correct term that describe Linda behaviors.
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Answer:
Variable overhead efficiency variance $1,680 Favorable
Explanation:
<em>Variable overhead efficiency variance: Variable overhead efficiency variance aims to determine whether or not their exist savings or extra cost incurred on variable overhead as a result of workers being faster or slower that expected. </em>
Since the variable overhead is charged using labour hours, any amount by which the actual labour hours differ from the standard allowable hours would result in a variance
Hours
5000 units should have taken (5000×0.5 hours) 2,500
but did take <u>2,080</u>
Labour hours variance 420 favorable
Standard variable overhead rate <u>×$ 4.00</u> per hour
Variable overhead efficiency variance <u>$1,680 Favorable</u>
Answer:
The total period cost is $105000.
Explanation:
Total period costs (TPC) = Fixed manufacturing overhead (FMO) + (Variable selling and administrative expenses × units sold) + Fixed selling and administrative expenses.
Now insert all the values in the above formula.
Total period costs = $25,000 + ($6 × 10,000) + $20,000
Total period costs = $25,000 + $60,000 + $20,000
therefore, the Total period costs = $105,000
Answer:
D. Piecework
Explanation:
Piecework compensation is a situation where a worker is paid per unit of output he produce.
Piecework refers to a payment schedule in which an employee is paid a fixed rate for each unit of production produced. It is a payment common to temporary or ad-hoc staffs. The amount earned by a worker depends on the quantity of goods produced.
Piecework pay encourages employees to work more so they can earn more. It also helps a firm to increase output because workers will produce more units to increase their pay.
The disadvantage of piecework pay is that the quality of the product might decrease since workers focus more on quantity produced.
Piecework pay can be calculated by multiplying piece rate per unit by number of units produced.
That is,
Piecework Pay = piece rate per unit x number of units produced
