overtime. Tony’s total compensation for that week would be ____. And assuming bread works changes overtime premium and idle time to indirect labor‚ the amount of this compensation credited to indirect labor would be _____. a. ANSWER: $2240:$680 5. Lots of Stuff Company reports the following data for its first year a. COG manuf $455‚000 b. WIP inv beginning $0 c. WIP ending $140‚000 d. Direct materials used $110000 e. Manuf Overhead $185‚000 f. Fin goods inventory beginning $0 g. Fin goods inventory
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Four Functions of Management Jennifer Tsouloufas MGT / 230 Management Theory and Practice January 14‚ 2013 Mark Hardee Abstract This paper will attempt to define and describe the four functions of management‚ planning‚ organizing‚ leading‚ and controlling. It will also relate each function to observations within the organization that I work. Planning “Management in the process of working with people and resources to accomplish organizational goals” (Bateman‚ Snell‚ 2011‚ para. 1). A good
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Fauvism Fauvism started as a loosely associated group of artists who used explosive colors to portray emotion. They were not constrained by the Realists color palette and used this new found freedom to explore and experiment with other styles‚ helping to cut a path to 20th Century Modernism. Fauvism respected expression on a individual basis. An artists’ emotional response to all things natural‚ or intuition were far more important than classical training or lofty subjects. Another goal of the
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administrative post that is critical to the effective operation of a school district (Duffy‚ 1990). Because some of the pupil personnel functions such as special education and counseling services are particularly sensitive‚ they have become areas of increasing concern at the district level and site level. Variations of what services constitute the pupil personnel function have existed historically and still exist for different states and even for different
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organization does not matter‚ however it does have an impact on how each function affects the company. Those functional areas of business include management‚ law‚ human resources management‚ leadership‚ accounting‚ finance‚ economics‚ research and statistics‚ operations management‚ marketing‚ and strategic planning. Each area plays a vital role toward the success of the organization. Management is a broad area within the 11 functions that keep a business running smoothly. It is the practice of coordinating
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It is the groups of people who interact formally or informally influencing each other’s attitudes and behaviors a. Reference Groups 4. The concept of the product that passes through various changes in its total life is known as a. Product Life 5. It refers to unique set of brand association that brand strategists aspires to create or maintain a. Brand identity 6. It involves a pricing strategy that changes customers different prices for the same product or service a. Price Discrimination
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The Functions of Management Introduction The success of an organization’s performance consists of applying four functions in management which include: planning‚ organizing‚ leading and controlling. Management Functions This paper will discuss four management functions: planning‚ organizing‚ leading‚ and controlling. All of these functions are what every conscientious manager does whether he or she knows it and have the same importance in creating excellent results. The purpose
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Chapter 01 The Changing Role of Managerial Accounting in a Dynamic Business Environment True / False Questions 1. Controlling involves the coordination of daily business functions within an organization. True False 2. Measuring the performance of managers and subunits is not an objective of managerial accounting. True False 3. Middle-level managers would likely be considered internal users of accounting information rather than external users. True False
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paid more for the house. What fallacy are they making? Homeowners that have a higher asking price just because they paid more for the home are making a fixed cost fallacy or a sunk cost fallacy. This is when irrelevant costs are considered. 3-5. Starbucks Starbucks is hoping to make use of its excess restaurant capacity in the evenings by experimenting with selling beer and wine. It speculates that the only additional costs are hiring more of the same sort of workers to cover the additional
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10‚000 units = $250‚000 CM from selling to Sawing division = $122-Trasnfer costs from Harvesting-Production costs = $122-40.50-9.50-35-4.5-2.5 = $30/unit $30 x 10‚000 units = $300‚000 $300‚000 - $250‚000 = $50‚000 The CM is greater by $5 per unit if selling to the Sawing division. b) If the logs were transferring to Sawing division at $61.50 per unit‚ the company as a whole would still be making profits. In the meantime‚ the Harvesting division manager might become less inclined to perform
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