Problem One Cost Concepts and Cost Flow (8 points) The following information is from MM wooden bed Co. for September: Wood used in production Carpenters salary Factory supervisors salary Factory security guard and janitor salary Sales persons salary CEO and CFO salary Advertisement expense Depreciation of factory equipment Factory utilities Oil and lubricants for factory equipment‚ and other miscellaneous materials used in production Wood inventory‚ Sept. 1 Work-in-process inventory
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Concept of Leadership Leadership - what is it? Many definitions have been offered‚ cultural stereotypes abound‚ numerous programs focus on leadership development‚ but the question remains. In fact‚ leadership is many different things to different people in different circumstances. When we think of leadership‚ we often think first of famous individuals. We may think of great political leaders: Washington‚ Churchill‚ Roosevelt. We may think of the leaders of social movements: Gandhi‚ Martin Luther
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Chapter 1: Concept of HRD Introduction to HRD: ‘Dhanesh “ Auto Inc. has been a major global manufacturer of automotive product. In December 2002‚ Lumax Industries acquired it. Headlight‚ side indicator and brakelight are among their leading products. One of the challenges that both the former Dhanesh Auto Inc. and the present Lumax Industries have faced is the fact that over half of their employees not regional employees. Lumax Industries executives recognised that there was a need for more
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Introduction to Managerial Accounting For this case assignment I am to explain the responsibilities of the management accountant for security and financial integrity in an organization. I will also explain the relationship between management accountants and financial accounts and if I foresee an expanding role for management accounting in organizations. Management accountants work within a specific company. They perform many different tasks to ensure their company’s financial security by handling
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MANAGEMENT FUNCTION During early part of the twentieth century‚ Henri Fayol French industrialist proposed that all managers perform five management activities that are: plan‚ organize‚ command‚ coordinate‚ and control. But nowadays there management functions have been condensed to four: planning‚ organizing‚ leading and controlling. Managers exist in every business. In fact‚ managers do the same types of tasks in all businesses. Whether a person manages a hair salon or a factory‚ the manager’s job
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Interview with a Manager March 1st. 2014 Michelle I met for coffee with Gretchen Knipfel‚ Regional Manager of Marketing and Sales at Our House Senior Living. Our House provides assisted care‚ memory care and senior apartments in a residential setting where residents are able to maintain relationships and stay active in their community. Our House has been a primary living resource in Wisconsin and Minnesota for over 15 years. Gretchen’s territory provides care for 165 residents. She has been
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training employees is the ‘Kolb’s Learning Theory’. He believes‚ “Learning is the process whereby knowledge is created through the transformation of experience” (Kolb‚ A. 1984:38). There are basically four types of learners: assimilators- learn with basic concepts; convergers- grasp practical application of the concept; accommodators- understand by experiences performed; and divergers- both observing and practically applying it. Having the knowledge of an individual’s learning style‚ can aid a trainer
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represent many of the SURFACE-LEVEL aspects of diversity that are very easy to identify. • Personal Characteristics – such as age‚ gender‚ race and tenure – that are objective and easily obtained from personal records. AGE Older workers bring experience‚ judgment‚ a strong work ethic‚ and commitment to quality. AGE 1. Effect of age on turnover the older we get the less likely we will quit because the are limited job opportunities and we are also sitting on higher benefits. 2. Effect
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payments of Rs 2‚ 00‚000 or Rs 25‚000 life time annuity whichever he chooses. Mr. Sundaram is in good health and estimates to live for at least 20 more years. If his interest rate is 12%‚ which alternative should he choose? Ans Present Value of Annuity 25000*7.469*1.12 = 2‚09‚132 Which is greater than lump sum value of Rs. 2‚00‚000. So Annuity option is better. Q2. Assume that you have given a choice between incurring an immediate outlay of Rs 10‚000 and having to pay
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costs. This can be tied to the changes in operations done by ACF. At the end of the 1988 model year‚ oil pans and muffler-exhaust systems were outsourced from the ACF. This resulted in a loss of 60 labor jobs and 30 indirect jobs. 2. Consider two products in the same product line: | Product 1 | Product 2 | Expected Selling Price | $62 | $54 | Standard Material Cost | $16 | $27 | Standard Labor Cost | $6 | $3 | Calculate the expected gross margin as a percentage of selling price
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