Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Cost summary for Job 407 Machine-hours Direct labor-hours Direct materials Milling Department Assembly 60,000 3,000 8,000 80,000 $390,000 $500,000 $2.00 $3.75 Department Milling Assembly 90 4 5 20 $800 $370 $70 $280 Direct labor cost Enter a formula into each of the cells marked with a ? below Step 1: Calculate the estimated total manufacturing overhead cost for each department Milling Assembly Total fixed manufacturing overhead cost $390,000 ? Variable manufacturing overhead per machine-hour or direct labor-hour $2.00 ? Total machine-hours or direct labor-hours 68,000 ? Total variable manufacturing overhead ? ? Total manufacturing overhead ? Step 2: Calculate the predetermined overhead rate in each department Milling Assembly Total manufacturing overhead ? ? Total machine-hours or direct labor-hours ? ? Predetermined overhead rate per machine-hour or direct labor-hour ? ? Step 3: Calculate the amount of overhead applied from both departments to Job 407 Milling Assembly Predetermined overhead rate per machine-hour or direct labor-hour Machine-hours or direct labor-hours for the job ? ? ? ? Manufacturing overhead applied ? ? 3 Step 4: Calculate the total job cost for Job 407 3 Direct materials Direct labor cost Manufacturing overhead applied 3 Total cost of Job 407 Step 5: Calculate the selling price for Job 407 Total cost of Job 407 Markup Selling price of Job 407 Milling Assembly Total ? ? ? ? ? ? ? ? ? ? 222 ? ? ?

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Design and development of a training programme is both time-consuming and expensive in the absence of professional expertise. The cost of designing a two-day programme may be anything between Rs. 5,000 to Rs.10,000 and the time may be around three to seven days. But the decades of hardcore HRD experience of IHRD professionals in the profession helps them to speed up the work for delivering the programme to their clients at the shortest possible time at affordable cost. Questions 1. Why is it that open programmes and customised programmes require different approaches in designing? 2 What are the major challenges in designing a training programme? 3. What are the competitive advantages of IHRD in training design?

T,F. Performance Measurement is complex because not all indices are definable and therefore are measurable.