Explain FLSA and its purpose. Choose and explain in detail two of the other listed labor laws. Then, explain why labor laws are important to both the employee and the employer?

Q: Briefly explain the difference between an employee and an employer.

A: In commerce and entrepreneurship, the terms employee and employer are often used. Both terms are…

Q: Explain the allocation of job costs for a service company.

A: Job costing is defined as a method of recording thecosts of a manufacturing job, rather than…

Q: Why should an employee have some understanding of costing if they are not in the accounting…

A: Costing may be defined as, ''The techniques and processes of ascertaining costs''. It may further be…

Q: Which of the following statements related to job cost sheets is TRUE?

A: Job cost sheet:- Job cost sheet is the sheet that is prepared by manufacturing industry companies.…

Q: What are the purposes of the following documents:(a) material requisition form, (b) labor time…

A: Costing: Costing is a technique used in cost accounting to determine the cost of a product. With…

Q: When stiff restrictions on hiring, compensation, work hours and related rules are enforced, the…

A: The answer is C) Less flexible

Q: Describe how a job order cost system can be used for professional service businesses.

A:

Q: rpose of the following control procedures (i.e., what threats is it designed to mitigate)? b.…

A: Following  are the Purpose of Control Procedures of Reconciliation of labor costs (based on job-time…

Q: Explain the incentive problems that can arise when employees must perform multiple tasks as part of…

A: Performance evaluation: Performance evaluation refers to the process of assessing how an individual…

Q: Why do you need to be able to explain your value to potential employers?

A: Employers are always in constant search for skilled employees who are experienced and have the…

Q: What are the types of work performed, the overall areas of focus, and/or other relevant information…

A: Accounting is the method by which the transactions of the business can be recorded so that the…

Q: What do a group of tasks that must be performed if an organization is to achieve its goals…

A: Solution - JOB refers to the process of identifying and determining the duties, responsibilities,…

Q: What is the primary objective of any base wage and salary system?

A: A basic salary, also known as a base salary, is the amount of money that a salaried employee…

Q: 1. Which of the following is not a component of factory overhead? a. Payroll taxes share of the…

A: * As per bartleby guidelines, in case of different question answer first only   Factory overhead are…

Q: Is someone not willing to work counted as being in the labor force?

A: Labor force is a term used for referring to labor pool within an economy that which may include both…

Q: of the following is an example of direct labor?     Salary of the vice-president of op

A: Direct Labour refers to the labour directly involved in the manufacturing process for producing the…

Q: Employment contracts typically contain all of the following: O Duration O Start date,…

A: Employment contract is a contract between employer and employee. It is a written agreement which…

Q: Why are the different organizations method to use Salary Surveys? Also elaborate employees financial…

A: Many companies analyse the financial information which may affect the company’s cost structure.…

Q: Which of the following are matters that are linked to personnel administration and have a bearing on…

A: Recruitment and selection process :- It is a part of personnel administration (human resource…

Q: Identify and explain the process of selecting employees?

A: The selection process may be described as the procedure of identifying and shortlisting qualified…

Q: A comprehensive job analysis approach that concentrates on the interactions among the work, the…

A: Job analysis is related to recording various data with regards to the job, which includes analysis…

Q: What is the process of searching for prospective employees and stimulating them to apply for the…

A: Recruitment is the process of searching the employees for the company. Placement is the process of…

Q: Segregation of duties means that a company assigns responsibilities so that Multiple Choice…

A: Correct answer is Responsibilities of related activites are assigned to two or more people

Q: Which of the following is the process of deciding on the schemes of financial incentives in addition…

A: Financial incentives are given to the employees and workers of the entity to motivate them so that…

Q: Discuss some service industries that may require their workers to use job tickets.

A: Job Ticket: Job ticket is a document which indulges various information regarding employees like…

Q: What is the purpose of a job cost record?

A:

Q: Among time basis and piece rate basis of wages payment which one will be beneficial for a less…

A: Time basis and piece rate basis are two methods of wage payment. Under time basis, workers are paid…

Q: Indicate the source documents that are used in charging costs to specific jobs?

A: A Source document is an original record that contains overall information to validate a transaction…

Q: Discuss the key segregation of duties that should exist in the traditional manufacturing…

A: Segregation of duties is a fundamental component of the company’s long-term risk management and…

Q: What is the full form of CIMA, the professional body controlling the profession of Cost Accounting?…

A: Introduction: CIMA: CIMA is Established in March , 1919 CIMA is the world largest Accounting body.

Q: What are the plans and interventions to get better pay in entry-level jobs of CPA or any jobs…

A: Better pay at the entry level jobs or any jobs can be understood by the mere fact that adequate and…

Q: Write the definition, recognition, measurement important key points and disclosure if any in the…

A: Accounting standards are the regulations and rules provided to the business for preparing and…

Q: Which employee earned the highest gross pay? A. Mabini O B. Cruz C. Santos

A: The question is related Gross pay paid on hourly basis. The details are given.

Q: Explain why it is important that both responsibility and authority are appropriately assigned to…

A:

Q: How would salaries of supervisors in the factory be classified? Group of answer choices

A: A supervisor or employee in a factory is not directly involved in production process as a Direct…

Q: Discuss briefly the role unions and government agencies play in the design of procedures for the HR…

A: Human resource (HR) management and Payroll process:  Human resource management is about the basic…

Q: Employment desire part on a job application?

A: Job Application is a formal document that is required by the human resource department of the…

Q: On a work cost sheet, what information is recorded? How are task cost sheets used by management and…

A: A work cost sheet includes all the cost incurred by a firm from manufacturing to selling the…

Q: What are minimum acceptable qualifications that a person should possess to perform a particular job?

A: The job specification states the minimum acceptable qualification that an applicant should possess…

Q: Workers of all ages and both genders actively pursue more flexibility and work-life balance in their…

A: Workers refer to the individuals who work for a company in exchange for a lump sum fixed wage or on…