THE LABOR AGREEMENT BETWEEN QUALITY FURNITURE MANUFACTURING COMPANY (QFM) AND INDUSTRIAL WORKERS UNITED (IWU)‚ AFL-CIO This agreement is entered into on March 17‚ 2012 by the Quality Furniture Manufacturing Company (QFM)‚ located in St. Louis‚ Missouri‚ and Industrial Workers United (IWU). This agreement covers employees at the St. Louis plant only. Article I—Recognition The company recognizes the IWU as the sole and exclusive collective bargaining agent in all matters pertaining to rates of
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Individual Assignment Assignment # 03 Prepared for Kanchan Das‚ Ph.D. Course Instructor Operations Management (MGT-314) Summer-2012 Prepared by Md. Tanvir Rahman Mazumder 0930-319-030 Date of Submission: 30-07-2012 Question from chapter 12 1. a i) Annual demand= 40*260=10400 boxes Q*= (2DS/H) ^0.5= (2*10400*$60/30) ^0.5= 203.96 Ii) TC= (Q/2)*H+ (D/Q)*S= (203.96/2)*$30+ (10400/203.96)*$60
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Company uses overtime‚ inventory and subcontracting to absorb the fluctuations in demand for its playgrounds for children. An aggregate production plan is devised annually and updated quarterly. Cost data‚ expected demand‚ and available capacities in units for the next four quarters are given here. Demand must be satisfied in the periods it occurs; that is‚ no backordering is allowed. Design a production plan that will satisfy demand at minimum cost. (25 Marks) Expected Regular Overtime Subcontract
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CASE BACKGROUND PUMA AG (PUMA) is a German-based company that produces high-end sportswear. According to PUMA’s financial report‚ in the year 2007‚ PUMA earned a profit of $510‚944‚031 excluding taxes. Although the company’s headquarters is in Germany ‚ its main production sites are in China and other developing countries. While the company can afford to invest millions of dollars in advertising‚ behind the scenes‚ workers who manufacture its products still earn the bare minimum. In the last
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time‚ company need to pay for overtime payment. Therefore limit check can detect this threat and those overtime hours also calculate as limit check too. However‚ it should have a sign to alert the entire user that 40 hours have been exceeded. Reasonableness test also is one of the controls that can use to implement the threat. Payroll officer have to aware that there are none of one employee can have 400 work hours per month. From mine research‚ a normal working hour of a company are 8hour per
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unseen forces that operate in a team between different people or groups. Team Dynamics can strongly influence how a team reacts‚ behaves or performs‚ and the effects of team dynamics are often very complex. Suppose in a small team of six people working in one office there are two people who have a particularly strong friendship. This friendship is a "natural force" that may have an influence on the rest of the team‚ and can be manifest in various ways‚ either positively or negatively. Other factors
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and timely production schedule possible. We analyzed many different options when trying to determine the best course of action that Bells should take. Included in those options were using additional workers with no overtime‚ maximizing current workers with the use of overtime hours‚ outsourcing to one or more suppliers‚ and a combination of all the above. We also analyzed using a level or chase approach‚ all while trying to adhere to Bells established principals with regards to employees and
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determine that 1. The payroll clerk receives the time cards from the various department supervisors at the end of each pay period‚ checks the employee’s hourly rate against information provided by the personnel department‚ and records the regular and overtime hours for each employee. 2. The payroll clerk sends the time cards to the plant’s data processing department for compilation and processing. 3. The data processing department returns the time cards with the printed checks and payroll register to
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a manager Amy believes that she can appropriately classify them as exempt employees which qualifies for no overtime pay; she even reference the FLSA to Jane. By classifying the shift leaders as exempt allows for Amy to pay them a salary which is not clearly stated in the case. Also under the provisions of the FLSA if you are qualified as an exempt employee‚ you are not entitled to overtime pay. Lastly‚ the department store is benefiting greatly because upper management is able to get more than the
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into the factor the value of the employees who made that company make money. This company was first in the major headlines for having unbearable working conditions much to the extremes of a sweatshop. Foxconn was known to give their employees long hours‚ low pay salaries‚ having many underage children working and even violating laws towards overtime. Many British newspapers wrote about these horrific conditions. They all seemed to
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