One of the most important problem the bank has is a decentralized recruitment process that causes more confusion because there is no control over people coming in and going out. The home office is never been informed about the employee recruitment. |
Second problem is inadequate training facilities. It’s because the supervisor at the local branch do not have enough time to handle both the employee training and looking after the customers. |
Finally, there is lack of communication between the local branches and the home office which further causes more confusion. |
Mr. Nelson can centralize the recruitment and training process thus saving the burden of the local supervisors. This would also help the new recruits role ready. |
He could set-up a communication link to share important information to the local branches and set-up periodical review session with the branch supervisors. |
He can develop a portal where people can request for additional training or the company itself can choose people from different branches in order to be trained on the new machines and processes. |
He should report to the president with his findings and suggestions in order put things into action because he is responsible for the entire operations although the supervisors are individually responsible. He shouldn’t wait for a magic to happen but get the help of the president in this matter as it needs the president’s approval for centralizing recruitment, training and reviews. |
only 1 question need to be answered at a time. |
Read the following Mini Case situation and answer both the questions given at the end of...
Johnson Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct hour are as follows. Indirect labor: $1.30 Indirect materials: $0.80 Utilities: $0.30 Fixed overhead costs per month are Supervision $4,300, Depreciation $2,000, and Property Taxes $600. The company believes it will normally operate in a range of 6,100-10,000 direct labor hours per month. Assume that in July 2020, Johnson Company incurs the following manufacturing overhead costs. Variable Costs Fixed Costs...
Johnson Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows: Indirect Labor: $1.00 Indirect Materials: $0.50 Utilities: $0.30 Fixed overhead costs per month are Supervision $4,200, Depreciation $1,800, and property taxes $600. The company believes it will normally operate in a range of 5,900-11,900 direct labor hours per month. -Prepare a monthly manufacturing overhead flexible budget for 2020 for the expected range of activity, using...
Your answer is partially correct. Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor Indirect materials Utilities $1.40 0.50 0.30 Fixed overhead costs per month are Supervision $4,500, Depreciation $1,300, and Property Taxes $700. The company believes it will normally operate in a range of 7,700-11,600 direct labor hours per month. Prepare a monthly manufacturing overhead flexible budget for 2017 for the...
Please explain what you did in detail. Exercise 14-3 Monty Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor Indirect materials Utilities $1.40 0.60 0.40 Fixed overhead costs per month are Supervision $3,900, Depreciation $1,700, and Property Taxes $600. The company believes it will normally operate in a range of 8,200-13,300 direct labor hours per month. Prepare a monthly manufacturing overhead flexible budget...
Exercise 10-3 (Video) Your answer is partially correct. Try again. Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows: Indirect labor Indirect materials $1.20 0.60 0.40 Utilities Fixed overhead costs per month are Supervision $4,000, Depreciation $1,600, and Property Taxes $800. The company believes it will normally operate in a range of 6,200-11,600 direct labor hours per month. Prepare a monthly manufacturing overhead flexible...
Question1 As sales manager, Joe Batista was given the following static budget report for selling expenses in the Clothing Department of Sunland Company for the month of October. As a result of this budget report, Joe was called into the president’s office and congratulated on his fine sales performance. He was reprimanded, however, for allowing his costs to get out of control. Joe knew something was wrong with the performance report that he had been given. However, he was not...
Problem 24-2A (Part Level Submission) Zelmer Company manufactures tablecloths. Sales have grown rapidly over the past 2 years. As a result, the president has installed a budgetary control system for 2017. The following data were used in developing the master manufacturing overhead budget for the Ironing Department, which is based on an activity index of direct labor hours. Rate per Direct Labor Hour Variable costs Indirect labor Indirect materials Factory utilities Factory repairs Annual Fixed Costs $41,040 16,200 13,320 30,960...
Johnson Company estimates that 378,500 direct labor hours will be worked during the coming year, 2020, in the the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are computed for the year. Fixed Overhead Costs _______________________________ Supervision $87,840 Depreciation $68,760 Insurance $30,000 Rent $24,360 Property Taxes $18,480 Total: $229,440 Variable Overhead Costs __________________________________ Indirect labor $166,540 Indirect materials $83,270 Repairs $37,850 Utilities $75,700 Lubricants $30,280 Total: $393,640 It is estimated that direct labor hours worked each...
Exercise 23-03 Your answer is partially correct. Try again. Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows: Indirect labor Indirect materials Utilities $1.00 0.70 0.40 Fixed overhead costs per month are Supervision $4,000, Depreciation $1,200, and Property Taxes $800. The company believes it will normally operate in a range of 7,000-10,000 direct labor hours per month. Prepare a monthly manufacturing overhead flexible budget...
Zelmer Company manufactures tablecloths. Sales have grown rapidly over the past 2 years. As a result, the president has installed a budgetary control system for 2017. The following data were used in developing the master manufacturing overhead budget for the Ironing Department, which is based on an activity index of direct labor hours. Variable costs Rate per Direct Labor Hour Annual Fixed Costs Indirect labor $0.43 Supervision $42,240 Indirect materials 0.51 Depreciation 15,600 Factory utilities 0.34 Insurance 15,960 Factory repairs...