Case 3-33 (45 minutes) 1. Explain how shaving 5% off the estimated direct labor-hours in the base for the predetermined overhead rate usually results in a big boost in net operating income at the end of the fiscal year. Shaving 5% off the estimated direct labor-hours in the predetermined overhead rate will result in an artificially high overhead rate. The artificially high predetermined overhead rate is likely to result in overapplied overhead for the year. The cumulative effect of overapplying
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Review on Related Literature In considering the nature of performance management and performance appraisal it is primarily needed for managers and supervisors to appreciate how these two aspects are related yet‚ should not be seen synonymously. In fairly simple terms performance based pay can be seen as a holistic process which aims to bring together a number of aspects‚ including appraisal. Thus‚ performance management may be thought of as being more strategic in its intent to achieve high levels
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Athletes or Employees Student athletes receive scholarships for their skill set and ability to play at the collegiate level‚ while employees receive stability‚ income and benefits for their skill set and ability to contribute to the work place. Athletes as well as persons in the work force deal with adversity that directly affects there lives‚ yet only members of the workforce are rewarded with a source of income. It could even be said‚ athletes are under more pressure to perform due to not only
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Utilizing Employees Beverly Richard Argosy University Utilizing employees The economical issues in today’s world are growing more serious by the day. As a result‚ it is increasingly important for the hospitals to increase on their hospital staff. This is not a good idea. I think we must start utilizing employees to lessen our impact on economical issues. One way to utilize employees is to make good of their skills. Have you ever seen a typical internal medicine ward at a hospital‚ for
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Companies Should Engage in Celebrity Endorsements In our economy today‚ there are many marketing strategies and tools businesses use to attract consumers. A marketing strategy is important in business because it is the company’s plan on how to increase the number of sales of their product or service. Businesses are aggressive when it comes to marketing. Their target market is one of their top priorities and they do their best to make their target market interested to their product. They usually
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Motivation Level of Employees or Employees Motivation Certificate This is to certify that the research project report entitled “Motivation Level of Employees” has worked on Final Year Student of MBA under my supervision. She has showed a tremendous zeal‚ working spirit and enthusiasm towards this project. I certify that this research work is original and have the requisite standard of an MBA student. Therefore‚ I recommend the same for evaluation. I wish her all the best in her future endeavors
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behaviour is the study of what people think‚ feel and do in and around organisations. It looks at employee behaviour‚ decisions‚ perceptions and emotional responses”. (McShane et.al‚ 2013‚ pg. 4). Motivation is what drives people to succeed and reach their goals and plays an important role in enhancing an organisation’s development. An employee’s motivation can play a big part in organisational behaviour‚ as it is a fundamental part of how the employee performs in their role and how they assist the organisation
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Winding up of Company Section 425 of the Companies Act‚ 1956‚ deals with the winding up of companies. Winding up of company is a legal procedure to dissolve the company and put an end to its life. The company ceases to be a ‘going concern’. The term winding up is defined as‚ ‘the process by which the life of a company is ended and its property is administered for the benefit of its members and creditors.’ During the process of winding up‚ the assets of the company are sold and all the debts
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WINDING UP OF COMPANIES NOTE: Wherever the term ‘Court’ is being used in the chapter that will be substituted by ‘Tribunal’ in accordance with vide Companies (Second Amendment) Act‚ 2002 w.e.f. a date yet to be notified. INTRODUCTION -It is the process by which a company’s life is ended and its property administered by liquidator or administrator for the benefit of creditors and members -A company can be wound up even when it is solvent DIFFERENCES BETWEEN INSOLVENCY AND WINDING UP 1. In
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considerably from month to month‚ causing Davis extreme difficulty in workforce scheduling. Recently Davis started hiring temporary workers supplied by WorkForce Unlimited‚ a company that specializes in providing temporary employees for firms in the greater Atlanta area. WorkForce Unlimited offered to provide temporary employees under three contract options that differ in terms of the length of employment and the cost. The three options are summarized: Option Length of Employment Cost 1
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