According to path-goal theory, directive leadership should be used when employees believe that outside circumstances control their lives
Option A is an appropriate response.
What is path-goal theory?
The Path-Goal model is a theory that relies on identifying a leader's behavior or style that best suits the team members and workplace in order to accomplish a goal.
The path-goal theory is a process where leaders choose particular behaviors that are best matched to the demands of the employees and the working environment in order to guide the employees in achieving their daily work objectives.
In directive leadership, the leader provides employees with clear guidelines for the processes and expectations for them, and how to carry out tasks. Directive leadership should be used when employees believe that outside circumstances control their lives
Hence, option A is an appropriate response.
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The mean amount spent by a family of four on food per month is $507 with a standard deviation of $79. Assuming that the food costs
are normally distributed, what is the probability that a family of four spends more than $600 per month on food?
Select one:
O a. 1.18
b. 0.3810
O c. 0.8810
O d. 0.1190
Clear my choice
What is the probability of a value occurring between the mean and a z-Value of 1.26?
Select one:
O a. 0.0793
b. 0.1026
O c.
0.3849
O d. 0.3962
Clear my choice
The mean amount spent by a family of four on food per month is $507 with a standard deviation of $79. Assuming that the food costs are normally distributed, the probability that a family of four spends more than $600 per month on food is 0.1190.
Probability is the branch of mathematics concerning numerical descriptions of however doubtless an associate event is to occur, or how likely it's that a proposition is true. The chance of an occasion could be a range between zero and one, where, roughly speaking, 0 indicates the impossibility of the event and 1 indicates certainty. The higher the probability of an event, the lot of likely it is that the event can occur. a straightforward example is the moving of a good coin. Since the coin is fair, the 2 outcomes are each equally probable; the probability of "heads" equals the probability of "tails"; and since no alternative outcomes are possible, the chance of either "heads" or "tails" is 1/2.
These ideas are given an axiomatic mathematical systematization in probability theory, that is employed widely in areas of study such as statistics, mathematics, science, finance, gambling, artificial intelligence, machine learning, computer science, game theory, and philosophy, for example, draw inferences concerning the expected frequency of events. applied math is additionally accustomed describe the underlying mechanics and regularities of complex systems.
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How can the managers at each of the levels of management contribute to both effectiveness and efficiency? Be sure to clearly address how each level contribute to both effectiveness and efficiency with examples.
Competence in performing is a necessary condition for being efficient. Effectiveness is a quality that enables one to achieve a goal and provide the desired or anticipated results.
What is the importance of effectiveness in management?Effectiveness is the ability to achieve desired outcomes. In this approach, the company will continue to make money as long as the manager produces good plans that produce the desired results. It is crucial for a business manager to do so since it entails making the appropriate decisions at the right moment.
Effective managers establish priorities, create policies, and create structures and procedures to achieve goals. Set up processes, assign responsibilities, allocate resources, and offer rewards to employees. These choices must serve a clear agenda.
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By what nickname is the USDA commonly referred to?
The bureau of agriculture
The farmer’s agency
The people’s agency
The farmer bureau
You use your working memory when you:
A) store knowledge
B) remember a phone number
C)long enough to dial it
D) retrieve information
E) none of these
You use your working memory when you: A) store knowledge.
What is meant by working memory?This is the term that is used to refer to the memory that a person has that is helpful when they are trying to retain a small amount of information in such a way that it would be readily available to them. This is the memory that is used for planning comprehension and also for solving of problems.
Hence we can say that you use your working memory when you store knowledge.
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Classify the responsibilities based on the roles of each staff member.
front office manager
reservations agent
reservations manager
front desk clerk
maintains an up-to-date inventory of rooms,
the rooms sold, and those that are available
arrowRight
greets guests on arrival and handles guest
check-ins and check-outs
arrowRight
handles all calls regarding room bookings
arrowRight
in charge of reservations, the front desk,
uniformed services, and telecommunications
A staff manager is a qualified individual who manages a group of workers while advising and educating them. They are employed by numerous departments and industries. They are in charge of generally ensuring that their team remains inspired and operates at its peak.
Front Office Manager responsibilities are:
Helping and educating the office workers. managing customer inquiries and grievances. Keeping an eye on the supply, ordering office supplies, and troubleshooting emergencies distribution of mail management.
Reservation agent responsibilities are:
Arranging reservations for clients depending on their unique needs and available funds. determining if lodging or transportation will be available during the clients' preferred travel dates. suggesting local tourist attractions and points of interest to assist in the planning of vacation plans.
Reservations manager front desk clerk responsibilities are:
A reservation manager is in charge of giving out travel details like costs and itineraries, dealing with client problems and complaints, advising clients on the terms and conditions of booking travel arrangements, and sending confirmation emails.
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What are a few industries and/or organizations that are fitting well with their current environments? What are a few that are not? Why?
The organizations that have yielded good results from an apt organizational structure could be determined with the example of Amazon. An example of an organization whose success has suffered due to faulty organizational structure is Cisco.
Cisco Systems, Inc., unremarkably referred to as Cisco, is an Associate in Nursing American-based international technical chronology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware, software, telecommunications instrumentality, and alternative high-technology services and merchandise.
Cisco makes a specialty of specific tech markets, reminiscent of the web of Things (IoT), domain security, videoconferencing, and energy management with leading products as well as Webex, OpenDNS, Jabber, couple Security, and Jasper. Cisco is one of the most important technology corporations in the world ranking seventy-four on the Fortune hundred with over $51 billion in revenue and nearly 80,000 employees.
Cisco Systems was supported in Dec 1984 by Leonard Bosack and Sandy Lerner, 2 Stanford University pc scientists who had been instrumental in connecting computers at Stanford. They pioneered the conception of a neighborhood area network (LAN) being employed to attach distant computers over a multiprotocol router system.
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_____________ is an example of successful incorporation of scientific knowledge into policy-making?
Fisheries management
Climate change mitigation
Dietary guidelines
Climate change mitigation is an example of successful incorporation of scientific knowledge into policy-making. See explanation for same below.
What is policy making?The act of formulating laws or establishing standards for a government or corporation is known as policymaking.
When the direction of these policies or legislation is guided by scientific research, they are frequently stronger and much easier to sell to the legislative community.
Hence, it is correct to state that Climate change mitigation is an example of scientific information being successfully integrated into policymaking.
What role does science have in policymaking?Scientists generate evidence that policymakers utilize to make choices. In exchange, policymakers offer scientists with evidence requirements and research resources.
The strategy is based on basic, common sense logic. There are issues in practice—evidence-based policy does not always work.
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If the demand for coffee decreases as income decreases, coffee is a(n)
a. complementary good.
b. normal good.
c. inferior good.
d. substitute good.
question 4
Answer: B
Explanation: normal good
received cheque from G Smart for £315, in full settlement of a debt of £344; this was paid directly into the bank. How do we record this in a trial balance.
Bad debt is also termed as uncollectible accounts receivable. This is recorded as an expense on the income statement
A Journal entry is the act of retaining or making facts of any transactions both monetary or non-economic. Transactions are indexed in an accounting journal that suggests an employer's debit and credit balances. The magazine entry can encompass several recordings, each of which is both a debit or a credit.
Record journal entries as follows: -
Journal entry
In the Books of F Polk
Date Particulars Debit Credit
01-Sep-21 Bad Debt Expense £108
Account Receivable £105
(Being bad debt expense written-off and recorded)
05-Sep-21 Account Payable - Syme Ltd. £150
Office Fixtures £150
being office fixtures returned and recorded)
10-Sep-21 Cash £180
Bad Debt Expense £131
‘Accounts Receivable - M. Abel £311
Being office fixtures returned and recorded
18-Sep-21 Machinery - Asset £1,800
Cash £100
Bank £500
Accounts Payable - Brown Ltd. £1,200
(Being machinery purchased and recorded)
26-Sep-21 Accounts Payable - Brown Ltd. £600
‘Accounts Payable - Brown Ltd. £600
Being payment made for machinery purchased and recorded)
28-Sep-21 Insurance Expense £60
Capital Account - F Polk £70
Bank £130
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Julie Yuen has clearly defined goals for ensuring that her new meal delivery service, Magic Chef, is socially responsible. One goal is to donate a percentage of her profits to local charities. How can Yuen ensure that Magic Chef is implementing its socially responsible goals?
Question 12 options:
conduct a social audit to assess performance
ask employees to keep her goals in mind
post a list of goals in the employee break room
include a note with each delivery stating her goals
Answer:
well i think she should conduct a social audit to assess performance
In July, Maria's sales were $34,567. June's sales were $40,455. What is the percent increase in sales?
The planned percent increase in sales for the month is 14.55%
The anticipated monthly sales growth rate in percentage
= 34567 - 40,4555/40455 * 100
Subtract the numbers :
= 34567 - 40,4555
= -5888
= -5888/40455 * 40455
= 14.55%
Hence, the planned percent increase in sales for the month = 14.55%
What is Percentage increase?
The percentage increase is the unit of measurement for percentage change in mathematics. The ratio of the increased value to the original value, multiplied by 100, is used to define the percentage increase. Here, the difference between the final value and the starting value can be used to determine the enhanced value. The increment calculation formula is provided by
Percentage Increase is calculated as [(Final Value - Original Value) / 100]
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One of your friends has opened a new wholesale
When there is a lack of control, wrongdoings occur quickly because the barrier to their work entails an end.
What is the Role of control?Internal controls have been put in place by management, among other things to guarantee the accuracy of the company's financial statements. Internal controls that are significant to an audit include bank reconciliations, password security systems for accounting software, and inventory observations.
Internal controls provide a believable assurance that objectives will be reached.
Thus, When there is a lack of control, wrongdoings occur quickly.
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The full question was missing-
One of your friends has opened a new wholesale electronics business and wants your help figuring out some inventory issues they are facing.One night last week, there seemed to be fewer HD televisions in the warehouse than they expected. The last time they were in the warehouse was
a week earlier, and they hadn't noticed anything amiss.
As they looked around, they saw that the evening warehouse worker was filling the last orders of the day. The delivery driver and day warehouse
worker were gone for the day, and the delivery van keys were on the desk that the warehouse workers shared. The doors to the loading dock were
open, as was the door to the office area where the accountant, two customer service specialists, and the owner worked.
Knowing that you are familiar with accounting principles, they asked for your help in figuring out how to prevent this in the future.
C. Assume Trinidad has the comparative advantage in producing peanut butter and Jamaica has the comparative advantage in producing soft drinks. What reasons could the Jamaican government have for choosing to produce peanut butter rather than importing it from Trinidad?
The Jamaican government has chosen to produce peanut butter instead of importing it from Trinidad. When countries increase production in areas of comparative advantage and trade with each other.
An agent has a comparative advantage over others in producing a particular good if it can produce the good at a lower relative opportunity cost or subsistence price, i.e. at a lower relative marginal cost before the transaction. increase.
For example, if a country can produce both cheese and chocolate, it can determine how much effort is expended in producing each product. A country has a comparative advantage in chocolate production if it takes 1 labor hour to produce 10 units of cheese and 1 labor hour to produce 20 units of chocolate.
The advantage of comparative advantage is the ability to produce goods or services at a lower opportunity cost. A comparative advantage gives companies the opportunity to sell their goods and services at lower prices than their competitors, thereby generating stronger sales margins and greater profitability.
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Over 50 percent of
can be traced back to unlawful use or mishandling of
non-public data within the workplace.
O A. piracy
B. licensing infringement
OC. identity theft
OD. technology misuse
Over 50 percent of identity theft can be traced back to unlawful use or mishandling of non-public data within the workplace.
Data is a collection of discrete values that bring facts, describing the amount, great, truth, information, different simple devices of that means, or truly sequences of symbols that may be in addition interpreted. A datum is a man or woman's country in a hard and fast of records.
Data typically are organized into structures inclusive of tables that offer extra context and that means, and which may additionally themselves be used as information in large structures. information may be used as variables in a computational system. information may also constitute abstract ideas or concrete measurements.
Data is generally used in medical studies, finance, and truly each different shape of the human organizational hobby. Examples of data sets consist of stock expenses, crime costs, unemployment quotes, literacy rates, and census facts.
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What is the difference between supply and quantity supplied?(1 point) Responses Supply is the total amount of goods available; quantity supplied is how much is made available at each price level. Supply is the total amount of goods available; quantity supplied is how much is made available at each price level. Supply deals with the decisions of consumers and quantity supplied deals with the decisions of a producer. Supply deals with the decisions of consumers and quantity supplied deals with the decisions of a producer. Supply and quantity supplied are the same. Supply and quantity supplied are the same. Supply is how much consumers are willing to buy; quantity supplied is how much is made available.
Supply is the total amount of goods available; quantity supplied is how much is made available at each price level.
What is the difference between quantity supplied and quantity demanded?Excess demand occurs when there is more demand for a good or service than there is supply for the price being asked. A shortage is another name for this. Excess Supply: When the quantity delivered at the agreed-upon price is greater than the quantity required. A surplus is another name for this.
What is difference between supply and quantity supplied?Supply is a measure of how much the market can provide at various prices. Quantity supplied, on the other hand, shows the volume of goods that producers will offer at a given cost. The commodity's supply is shown by the supply schedule or supply curve.
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the total assets of berber comany 900000 and liabilities are equal to one half of its total assets what is the amount of Berber company owner equity
Total liabilities of the Berber company are equivalent to half of its total assets, which are 900000, and owner equity is 450000.
The fundamental accounting formula is: Asset = Liabilities + Owner's Equity.
Let A represent assets.
Liabilities in L
A is the owner's equity
The equation reads as follows:
Assets = Liabilities + Equity
A = $900000 + (1/2)A
A – (1/2)A = $900000
1/2(A) = $900000
A = $450000
The primary distinction between equity and liabilities in accounting is that whereas liabilities are the debts or obligations that a firm owes to third parties, equity is the ownership position that shareholders have in a corporation. Liabilities from assets are subtracted to determine equity.A company's assets are any possessions that have the potential to provide future financial gain. Your debts to other people are called liabilities. In other words, assets increase your wealth while obligations decrease it.To know more about Assets Liabilities and Equity visit: https://brainly.com/question/20942930
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Hello I like pizza what about you?
Explain based on your own understanding the importance of proper remuneration in the organization
Explanation:
Remuneration provides basic attraction to a employee to perform job efficiently and effectively. Remuneration leads to employee motivation. Salaries constitutes an important source of income for employees and determine their standard of living. Salaries effect the employees productivity and work performance.
Exercise 4-35 (Algo) Application of Overhead [LO 4-4, 4-5]
Tomek Company uses a job costing system that applies factory overhead on the basis of direct labor hours. The company’s factory overhead budget for the
current year included the following estimates:
Budgeted total factory overhead $ 305,000
Budgeted total direct labor hours 61,000
At the end of the year, the company shows these results:
Actual factory overhead $ 321,000
Actual direct labor hours 61,500
Required:
1. Compute the firm’s predetermined factory overhead rate for the current year.
2. Calculate the amount of overapplied or underapplied overhead.
3. Prepare a journal entry to transfer the underapplied or overapplied overhead to the Cost of Goods Sold account.
Required 2 Required 3
1. The Tomek Company's predetermined factory overhead rate for the current year is $5 per direct labor hour.
2. The total amount of underapplied overhead is $13,500.
3. The journal entry to transfer the underapplied overhead to the Cost of Goods Sold account is as follows:
Journal Entry:Debit Cost of Goods Sold $13,500
Credit Factory Overhead (underapplied) $13,500
What is the predetermined overhead rate?The predetermined overhead rate allocates manufacturing overhead costs to cost objects (product or service units) based on estimated overhead costs and estimated allocation base.
Using the predetermined rate may give rise to overapplied or underapplied overheads with adjustments to the Cost of Goods Sold.
Data and Calculations:Budgeted total factory overhead = $305,000
Budgeted total direct labor hours = 61,000
Predetermined overhead rate = $5 ($305,000/61,000)
Actual factory overhead $ 321,000
Actual direct labor hours 61,500
1. The Tomek Company's predetermined factory overhead rate for the current year is $5 per direct labor hour.
2. The total amount of underapplied overhead is $13,500 ($321,000 - $307,500).
Thus, since there was an underapplied overhead, the Cost of Goods Sold will be debited with $13,500 while the Factory Overhead is credited to close the underapplied overhead.
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What are potential benefits and downsides to ethnocentrism in business? How might a manager working in an organization that deals directly with foreign companies use cultural intelligence to improve relations? Review section 6.3 in chapter Six for help in answering. While you’re at it, what is your CQ (cultural quotient)? Answer the 4 questions provided there to find out!
The potential benefits of ethnocentrism is that its encourage local industry while the downside is that ethnocentrism can cause problems for a company when going abroad.
What is an ethnocentrism in business?Basically, an ethnocentrism refers to the held idea or belief that ones way of life, culture, group, race, language etc are more superior to others life, culture, group, race, language etc.
People with ethnocentric idea tend to believe that their group, organization, culture, or ethnicity is superior to others. It exist in international business, such as where home country staff consider themselves superior to foreign staff in other countries.
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Which of the following is true of the credit and debit columns in the
adjusted trial balance?
OA. The credit should be larger than the debit.
B. The debit should be larger than the credit.
O C. The credit and debit should match.
O D. Together they should equal owner's equity.
Answer:
C.
Explanation:
The definition of customer lifetime value is _____.
how long a customer is likely to live, based on demographics, and buy the store’s products
how much money the store gets from a customer over a lifetime of him or her using its products
how much money the customer spends on non-sale items in the course of a lifetime
how many times a customer is likely to visit multiple store locations over a lifetime
The definition of customer lifetime value is how much money the store gets from a customer over a lifetime of him or her using its products.
What is customer lifetime value?Customer lifetime value refers to the amount of money that a customer will spend in total on a certain company or store.
This means that this amount shows the estimated amount that a person will spend buying products from a company, or buying goods and services from a store over their lifetime. It is used to gauge which customer types are the most preferable.
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Accountant Andy would like to buy a new general ledger software program but does not have the full purchase price available right now. Andy called a friend who uses the desired software and asked for a copy of it for use until Andy could come up with the money to buy it. Comment on why it is or is not okay for Andy to make such a request.
The reason why i will say that it is not okay for Andy to make such a request on credit payment is that Andy has not used the app before and if there are issues with it, there is nothing that he can do as he will incur more cost to himself and also starting something like this should not be one credit as software do fail in some cases.
What is a general ledger software?General ledger software is known to be a type of software that is known to help make financial reports from saved transactions in all parts or aspects of various business entities.
Therefore, based on the above, the reason why i will say that it is not okay for Andy to make such a request on credit payment is that Andy has not used the app before and if there are issues with it, there is nothing that he can do as he will incur more cost to himself and also starting something like this should not be one credit as software do fail in some cases.
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Mrs wu is primarily a homemaker and employed in jobs that provided taxable incom
For the year 2021, Jones Company budgeted $170,000 for direct labor and $360,000 for factory overhead. Jones also budgeted 9,000 direct labor hours. Jones applies overhead based on direct labor hours. What is the standard overhead rate per hour for 2021? Round answer to closest cent.
The standard overhead rate per hour for 2021 is $40.
A Company budget price range is a spending plan for your enterprise day-to-day in your income and expenses. It identifies your daily capital, estimates your spending, and enables you are expecting revenue. A budget will let you everyday plan your business activities and can act as a yardstick for setting up monetary desires.
A Company budget facilitates creating financial stability. through monitoring costs and following a plan, a price range makes it less difficult daily pay payments on time, construct an emergency fund, and store for most important prices which include a vehicle or domestic. standard, a budget puts someone on a stronger financial footing for both the and the long time.
It allows a business daily cut costs, reach enterprise goals and count on any operational modifications as had to aid the commercial enterprise. A price range facilitates an enterprise to recognize its running costs and may be used every day to tune overall performance.
The computation of the standard overhead rate per hour for 2021 is shown below:-
Standard overhead rate per hour for 2021 = Factory overhead / Direct labor hours
= budgeted $170,000
= $360,000 / 9,000
= $40 (Rounded to closest cent)
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An employer has a “no-beard” policy, which applies across the board to all employees. A black employee tells the employer he cannot shave without getting severe facial bumps from ingrown hairs. The employer replies that the policy is without exception and the employee must comply. The employee refuses and is later terminated. The employee brings suit under Title VII on the basis of race discrimination. Does he win? Why? Why not?
The employee wins the action under Title VII on the basis of racial discrimination because the company's policy has a disparate impact, that is, it may discriminate against a group.
What is disparate impact?It corresponds to the set of US labor rules and policies that can directly or indirectly negatively impact certain groups, generating exclusion, discrimination and other types of problems. This is due to the policy that, even if it has general application, does not understand the characteristics and diversity of the groups, privileging in some way only a part of the employees.
It is essential that labor legislation understands diversity and equity among workers, protecting their human and civil rights.
Therefore, according to Title VII of Civil Rights, discrimination against an individual based on their physical, social, economic and cultural characteristics is an illegal practice.
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Question 6 of 20
Which action is most likely to lead to success in the workplace?
OA. Following the workplace dress code
OB. Only working individually on projects
C. Avoiding conversations with coworkers
D. Arriving at work whenever you want
SUBMIT
Answer: it’s A
Explanation: Took da test
Following the dress code at work is the course of action that will most likely result in success. Therefore, option A is correct.
What is the workplace environment?It refers to a company's working environment or attitude, which employees may find emotionally supportive or unsupportive.
A workplace is a location, social dynamics, and physical surroundings where you carry out your duties. These traits can have an impact on employee health, relationships at work, teamwork, and overall well-being.
Your attitude, drive, mental health, and performance are all affected by your work setting. Employees who work in a drab environment with unwelcoming coworkers are unlikely to feel confident or satisfied enough to speak up. Because of this, the success of your business depends on creating a favorable work atmosphere.
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what changes in experiment are found to have made a difference, this type of validity is established
The best forms of changes in experiments that contribute to strong validation is:
Internal Validity. Internal validity investigates whether the study design, methodology, and analysis provide unbiased answers to the research questions
What is an experiment?An experiment is a technique that is carried out to support or deny a hypothesis, or to test the efficacy or probability of something that has never been done before.
Experiments shed light on cause-and-effect relationships by revealing what happens when a certain element is changed.
What re the various kinds of validity?The following are various types of validity:
Validity on the surface.Validity of contentValidity of constructionInternal consistency.External credibility.Validity of statistical conclusionsValidity based on criteria.Learn more about experiments:
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Exercise 4-37 (Algo) Application of Overhead [LO 4-4, 4-6]
Progressive Painting Company (PPC) is a successful company in commercial and residential painting. PPC has a variety of jobs: new construction, repair and
repainting of existing structures, and restoration of very old buildings and homes. The company is known for the quality and reliability of its work, and customers
expect to pay a little more for those benefits. One of the company’s core values is sustainability, and it insists on using the most environmentally friendly paints
and materials in its work; it has refused jobs where the client required a more environmentally harmful paint than PPC thought was appropriate for the application.
The company’s commitment to sustainability has lost PPC some jobs, but it has also attracted a loyal and growing customer base.
The company uses job costing and applies overhead on the basis of direct labor hours. Overhead for the company consists of painting equipment, trucks,
supervisory labor, supplies, and administrative operating costs. The total budgeted costs for the year are shown below:
Budgeted Data
Direct materials $ 3,040,000
Direct labor hours 38,500
Direct labor dollars $ 820,000
Gallons of paint 34,000
Total overhead $ 417,725
PPC has just completed two jobs:
Job
Direct
Materials
Gallons of
Paint
Direct Labor
Hours
Direct Labor
Cost
Prevette $ 5,200 22 34 $ 925
Harmon 6,000 36 58 1,534
Required:
1. Determine the total cost of each job. (Do not round intermediate calculations. Round your final answers to 2 decimal places.)
Total Job Cost
Prevette
Harmon
The determination of the total cost of each job is as follows:
Total Job Cost:Prevette = $6,493.90
Harmon = $8,163.30
What is the total cost of a job?The total cost of a job is the sum of the direct materials, labor, and overhead costs.
Data and Calculations:Budgeted Data
Direct materials $ 3,040,000
Direct labor hours 38,500
Direct labor dollars $ 820,000
Gallons of paint 34,000
Total overhead $ 417,725
Predetermined overhead rate = $10.85 ($417,725/38,500)
Overhead Costs:Prevette $368.90 (34 x $10.85)
Harmon $629.30 (58 x $10.85)
Total Cost Schedule:Job Direct Gallons D/Labor Direct Labor Overhead Total
Materials of Paint Hours Cost Cost Costs
Prevette $ 5,200 22 34 $ 925 $368.90 $6,493.90
Harmon 6,000 36 58 1,534 $629.30 $8,163.30
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Using the value chain framework, discuss how a firm can improve on its value creation activities using speed as a technique
A value chain analysis gives businesses a Value Chain Framework of these activities, allowing them to determine where they can reduce costs. With this analysis, you can take steps to create a competitive advantage, improve efficiency, and increase profit margins.
The Value Chain Framework encompasses the whole variety of sports and offerings had to convey products or services from theory to sale in very last markets, whether or not local, national, regional, or global. bridge. The fee chain includes enter suppliers, producers, processors, and buyers. They are supported with the aid of using a huge variety of technical, commercial, and economic carrier providers.
The fee chain has each structural and dynamic components. The shape of the fee chain impacts the dynamics of company conduct, and those dynamics have an effect on the overall performance of the fee chain.
The Value Chain Framework technique calls for the usage of a fee chain framework to decide: 1) the shape of the chain, which include all of the people and groups that carry out sports with the aid of using fee and support to convey merchandise to the market. merchandise to the very last market, and 2) fee chain dynamics, which check with the elements that decide character and company conduct and their impact on chain overall performance.
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