(a).A worker completes a job in 6hrs.the allowed
standard time for the job in 8hrs.his wage rate is Rs.5 per
hour.calculate the total earning of the worker under the following
system of payment.
(1)Halsey's 50% plan
(2)Rowan's plan.
(b)state the principles of management as enumerated by
Henry fayol .explain any eight of them.
(a).A worker completes a job in 6hrs.the allowed standard time for the job in 8hrs.his wage...
A time study analyst observes a worker over a period of time and calculates that the worker required 60.0 minutes per unit produced. The worker was rated by the analyst at a 120 percent performance rating, and an 15 percent allowance for personal time and fatigue applies. (1) What is the standard time for this task? (2) If a worker managed to produce 10 units in an eight-hour day, what would their day's pay be if the base rate is...
Matthews & Bros. is a local landscape construction company. In analyzing financial performance, the cost accountant compares actual results with a flexible budget. The standard direct labor rates used in the flexible budget are established each year at the time the annual plan is formulated and held constant for the entire year. The standard direct labor rates in effect for the current fiscal year and the standard hours allowed for the actual output of work for July are shown in the...
Fresh out of school, you take a job with a small injection-molding shop with two machines (25 ton and 250 ton. On any given shift, there are two workers assigned to each machine one is concerned with setting/loading and unloading while the other packages the final product for shipping. You have been asked to investigate whether you can improve the process, potentially with automation. Having recently re-read The Goal, you are quite aware that adding robots does not necessarily mean...
Read article on the minimum wage: To complete this activity: 1. Prepare a response to the following discussion prompts, based on the article: Help the Working Poor, but Share the Burden.(see attached) (a) Discuss the costs and the benefits associated with increasing the minimum wage. (b) If you were are congressional member and had to vote on an increase in the minimum wage to say $10 per hour would you? Why or why not? Help the Working Poor, but Share...
The job costing system at Shelby's Custom Framing has five indirect cost pools (purchasing, material handling, machine maintenance, product inspection, and packaging). The company is in the process of bidding on two jobs; Job 215, an order of 16 intricate personalized frames, and Job 325, an order of 4 standard personalized frames. The controller wants you to compare overhead alocated under the current simple job-costing system and a newly designed activity-based job-costing system. Total budgeted costs in each indirect cost...
Instructions You recently accepted a management position for a home health agency. You directly manage three team leads (Registered Nurses with management experience), each with eight Certified Nursing Aides (CNAs) under them. A total of 27 employees. Your first week on the job, you realized there were significant issues with how each team functioned. All three team leads complain about how “the system” is structured, and you’ve heard rumor that several of the CNAs are unhappy with how they are...
Instructions You recently accepted a management position for a home health agency. You directly manage three team leads (Registered Nurses with management experience), each with eight Certified Nursing Aides (CNAs) under them. A total of 27 employees. Your first week on the job, you realized there were significant issues with how each team functioned. All three team leads complain about how “the system” is structured, and you’ve heard rumor that several of the CNAs are unhappy with how they are...
In a period, the labor efficiency variance was $54,000 F. The standard direct labor wage rate is $12.00 per hour and 30 direct labor hours are allowed for each unit of output. Given that 43,500 direct labor hours were worked, how many units of output were actually produced? 150 c. 1,450 d. 1,600 The overhead variance that is a measure of capacity utilization is: a. The overhead spending variance The overhead efficiency variance c. The overhead budget variance d. The...
Labor Economics, multiple choice questions 1. In the leisure-income model, the wage constraint shows a. the points that maximize a worker's utility b. all points that are equally preferred c. the wage rates that affect work decisions d. the available combinations of leisure and income 2. The slope of a wage constraint reflects the: a. rate at which a person is willing to substitute leisure for income c. income effect b. price of leisure d. substitution effect 3. When a...
Please show how to do a pure chase strategy given this info NUMBER OF EMPLOYEES 2013-PRODUCTION 1,000s MONTH January 90 May June September 130 130 100 October 107 December space was available at the plant, therefore, additional space would have to be rented. In addition, the cost of capital is high because of the company's low credit rating. Taking all of these factors into account, Joan estimated the cost of storing 1,000 pounds of product for one month to be...