How does a high-performance system differ from traditional management practices?
What will be an ideal response?
In the past, decisions about technology, organizational structure, and human resources were treated as if they were unrelated. An organization might acquire a new information system, restructure jobs, or add an office in another country without considering the impact on its people. More recently, managers have realized that success depends on how well all the elements work together. A high-performance work system is an organization in which technology, organizational structure, people, and processes work together seamlessly.
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Fredin Incorporated makes a single product-an electrical motor used in many long-haul trucks. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted (Planned) Overhead: Budgeted variable manufacturing overhead$80,400 Budgeted fixed manufacturing overhead 185,700 Total budgeted manufacturing overhead $ 266,100 Budgeted production (a) 15,000unitsStandard hours per unit (b) 2.00labor-hoursBudgeted hours (a) × (b) 30,000labor-hoursThe variable component of the predetermined overhead rate is closest to:
A. $2.68 per labor-hour B. $2.93 per labor-hour C. $2.41 per labor-hour D. $3.02 per labor-hour
A retail store had goods available for sale during the period of $250,000 at retail and $100,000 at cost. It has ending inventory of $28,500 at retail. What is the estimated cost of goods sold?
A) $71,500 B) $94,300 C) $88,600 D) $82,900
Explain the four types of reinforcement.
What will be an ideal response?
Only personal property can be used in a bailment
Indicate whether the statement is true or false