Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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- Dec 1:Raw materials purchased on account, $22,000.Dec 5:The first order you received was to manufacture a table using a table top and four legs. This is your Job #1. All raw materials needed for Job #1 were requested from the material storage for use during the month. All materials are direct. (After you journalize this entry please enter the information into Job #1 Cost Sheet)Dec 10:The following employee costs were incurred but not paid during the month:Direct labor for Job #1, consisted of 60 hours at a rate of $70 per hour, totaling $4,200. (After you journalize this entry please enter the information into Job #1 Cost Sheet)Salary for factory supervisor $2,500. Administrative salary $1,500. Dec 12: Manufacturing overhead cost was applied based on direct labor hours to Job #1 using the POHR calculated in Question 1. (After you journalize this entry please enter the information into Job #1 Cost Sheet)Dec 15: The second order you received was to manufacture a table using a…arrow_forwardFinal Te Question 2 Which of the following are permissible hours for the sale of alcohol in a grocery store? O Sunday, 11:00am to 6:00pm. O As long as the grocery store is open. O Monday to Sunday, 9:00am to 9:00pm. O Monday to Sunday, 7:00am to 11:00pm.arrow_forwardquestion 2: Where an organisation is looking to downsize they would be looking for A.outputs to remain the same and inputs to be reduced B.increase both inputs and outputs C.decrease both inputs and outputs, with inputs decreasing at a faster rate D.outputs to increase with little or no increase in inputs quesiton 3: When the number and cost of abour and equipment is used as inputs to calculate productivity, what is the productivity measurereferred to ? A.Total factor productivity B.Single factor productivity C.Multi-factor productivity D.Productivity QUESTION 4 Employee remuneration which is based solely on output without consideration of time spent) is referred to as A.Output based pay B.Numbers game pay system C.Piece rate wage system D.None of the abovearrow_forward
- Question 9arrow_forwardWhat do we mean by HRP?arrow_forwardQuestion 1 ________ is the process of developing new goods and services. Select one: a. Reengineering b. Innovation c. Restructuring d. Functional reorganization Question 2 A ________ is a group of workers who assume responsibility for performing all the operations necessary for completing a specified stage in the manufacturing process. Select one: a. quality circle b. control group c. flexible work team d. kaizen group Question 3 A finance manager observes that the return-on-investment (ROI) for his organization is only 10 percent compared to the industry average of 20 percent. The manager informs top managers about her observation. According to this information, this organization is in which stage of the action research process? Select one: a. diagnosing the organization b. determining the desired future action c. eliminating obstacles to change d. selecting a strategy for change Question 4 A geographic structure is most likely to be appropriate for which of the following…arrow_forward
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