In job-order costing, the journal entry for $1,700 of unpaid direct labor is: Work in Process ...................... 1,700 Wages Payable ...... 1,700
Indicate whether the statement is true or false
True
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What are the different types of connectors? Why are different connectors not appropriate for all audiences?
What will be an ideal response?
Which of the following is a risk of implementing programmatic change?
a. Lack of sufficient control to enforce the change b. Confusion over direction c. Overreliance on a one-size-fits-all solution d. Progress may be too slow
Gibson Products produces cast bronze valves for use in offshore oil platforms. Currently, Gibson
produces 1600 valves per day. The 20 workers at Gibson work from 7 a.m. until 4 p.m. , with 30 minutes off for lunch and a 15-minute break during the morning work session and another at the afternoon work session. Gibson is in a competitive industry, and needs to increase productivity to stay competitive. They feel that a 20 percent increase is needed. Gibson's management believes that the 20 percent increase will not be possible without a change in working conditions, so they change work hours. The new schedule calls on workers to work from 7:30 a.m. until 4:30 p.m., during which workers can take one hour off at any time of their choosing. Obviously, the number of paid hours is the same as before, but production increases, perhaps because workers are given a bit more control over their workday. After this change, valve production increased to 1800 units per day. a. Calculate labor productivity for the initial situation b. Calculate labor productivity for the hypothetical 20 percent increase c. What is the productivity after the change in work rules? d. Write a short paragraph analyzing these results.
Which of the following is NOT considered to be a disadvantage of the sole proprietorship form of a business organization?
A) Limited ability to raise capital B) Its life is limited to that of the owner C) Unlimited liability of business owners D) Fewer regulations and reporting requirements