Answer:
Given: Total shift time = 8 hours = 8 * 60 = 480 minutes
time required for production of one saw = 6 minutes
Demand for Bow saw = Demand for frame saw = Demand for dovetail saw = 1/2 * Demand of Tenon saw
a) Mixed model schedule:
Mixed model schedule
Product no. per batch
Bow Saw 1
Frame Saw 1
Dovetail Saw 1
Tenon Saw 2
Total 5
Therefore 2 Tenon Saw, and each bow, frame, and dovetail saws will be produced before the cycle is repeated.
b) 2 Tenon Saw, 1 bow, 1 frame, and 1 dovetail saws will be produced under production sequence for one unit production.
The length of cycle will be 5*6=30 minutes i.e. the cycle will repeat once in 30 minutes for 8 hours means totally it will repeat 16 times during one shift.
c) Number of saws Swenson produce in one shift = Number of Bow saw Swenson produce in one shift + Number of Frame saw Swenson produce in one shift + Number of Dovetail saw Swenson produce in one shift + Number of Tenon saw Swenson produce in one shift
Explanation:
Contingency theories propose that the effectiveness of a particular style of <u>leader</u> behavior depends on the situation.
<h3>What do you understand by contingency theory of leadership?</h3>
According to the contingency theory of leadership, a leader's efficacy is determined by whether or not their leadership style is appropriate for the situation. These theory shows that there is no fundamental way to meet with the requirements of business and implement decision making.
To represent better effectiveness at workplace, A leader should be flexible to meet with different situations. The decision making will be varied from situation to situation.
The contingency theory of leadership focus on skills like, adaptability, ability to face challenges, effective communication, innovative approach as well as critical thinking and decision making. The leaders should develop unique leadership style to deal with challenging situation.
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Answer:
$1.86; $3.5
Explanation:
Total cost incurred:
= Cost received from departments + Addition of cost within its departments
= $10,000 + $27,200
= $37,200
Unit cost for materials:
= Total cost incurred ÷ equivalent units
= $37,200 ÷ 20,000
= $1.86
Total cost incurred:
= Cost received from departments + Addition of cost within its departments
= $10,000 + $53,000
= $63,000
Unit cost for Conversion:
= Total cost incurred ÷ equivalent units
= $63,000 ÷ 18,000
= $3.5
Answer:
oversight.
Explanation:
Oversight can be defined as an unintentional failure to notice a mistake or error, or an unintentional failure to act upon an event caused by an error.
Both the FED and the SEC should have noticed that the financial system was in a really bad shape way before Bear Stearns and Lehman Brothers collapsed, or AIG (and others) needed a huge bailout. Apparently both the FED and SEC were all too optimistic about the market and their optimism blinded them. As always the consequences of negligent public servants were paid mostly by the average taxpayer.
access to large amounts of natural resources is not generally viewed by economists as critical to economic growth
What factors affect economic growth?
Economists generally agree that economic development and growth are influenced by four factors: human resources, physical capital, natural resources and technology.
What is economic growth ?
Economic growth is defined as: an increase in an economy's production capacity or potential GDP. The rate of economic growth is the key determinant of. changes in a society's standard of living—which is commonly measured using real GDP per capita.
What is economic growth determined by?
Broadly speaking, there are two main sources of economic growth: growth in the size of the workforce and growth in the productivity (output per hour worked) of that workforce. Either can increase the overall size of the economy but only strong productivity growth can increase per capita GDP and income
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