A layoff is considered to be temporary when: Multiple Choice The employee is encouraged to retrain so they can be considered for new roles within the company O The employee is expected to be recalled to the regular job within 13 weeks of the date of lest scheduled wo The employee is expected to be recalled to the regular job within 30 weeks of the date of last scheduled wo The date of recall is unknown but a distant possiblity The employee is encouraged to apply for new jobs within 13 weeks of the date of last scheduled work
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- Huron Manufacturing Co. uses a job order cost system to cost its products. It recently signed a new contract with the union that calls for time-and-a-half for all work over 40 hours a week and double-time for Saturday and Sunday. Also, a bonus of 1% of the employees earnings for the year is to be paid to the employees at the end of the fiscal year. The controller, the plant manager, and the sales manager disagree as to how the overtime pay and the bonus should be allocated. An examination of the first months payroll under the new union contract provisions shows the following: Analysis of the supporting payroll documents revealed the following: a. More production was scheduled each day than could be handled in a regular workday, resulting in the need for overtime. b. The Saturday and Sunday hours resulted from rush orders with special contract arrangements with the customers. The controller believes that the overtime premiums and the bonus should be charged to factory overhead and spread over all production of the accounting period, regardless of when the jobs were completed. The plant manager favors charging the overtime premiums directly to the jobs worked on during overtime hours and the bonus to administrative expense. The sales manager states that the overtime premiums and bonus are not factory costs chargeable to regular production but are costs created from administrative policies and, therefore, should be charged only to administrative expense. Required: 1. Evaluate each positionthe controllers, the plant managers, and the sales managers. If you disagree with all of the positions taken, present your view of the appropriate allocation. 2. Prepare the journal entries to illustrate the position you support, including the accrual for the bonus.Coutures Creations is considering offering Joe, an hourly employee, the opportunity to become a salaried employee. Why is this a good idea for Coutures Creations? Is this a good idea for Joe? What if Coutures Creations entices Joe to agree to the change by offering him a salaried position with no risk of layoff during the winter lull? What if Joe agrees and Coutures Creations lays him off anyway six months into the agreement?SEPARATION OF DUTIESTransferring people from job to job within the organization is the philosophy atArcadia Plastics. Management believes that job rotation deters employees from feelingthat they are stagnating in their jobs and promotes a better understanding of thecompany. The computer services personnel typically work for six months as anoperator, one year as a systems developer, six months as a database administrator, andone year in systems maintenance. At that point, they are assigned to a permanentposition.RequiredDiscuss the importance of separation of duties within the information systemsdepartment. How can Arcadia Plastics have both job rotation and well-separatedduties
- Arcadia Plastics follows the philosophy of transferring employees from job to job within the company. Management believes the job rotation deters employees from feeling that they are stagnating in their jobs and promotes a better understanding of the company. A computer services employee typically works for six months as a data librarian, one year as systems developer, six months as a database administrator, and one year in systems maintenance. At that point, he or she is assigned to a permanent position. Required: Discuss the importance of separation of duties within the information systems department. How can Arcadia Plastics have both rotation and well-separated duties?You are a trainee accountant in your second year of training within a small practice. A more senior trainee has been on sick leave, and you are due to go on study leave. You have been told by your manager that, before you go on leave, you must complete some complicated reconciliation work. The deadline suggested appears unrealistic, given the complexity of the work. You feel that you are not sufficiently experienced to complete the work alone. You would need additional supervision to complete it to the required standard, and your manager appears unable to offer the necessary support. If you try to complete the work within the proposed timeframe but fail to meet the expected quality, you could face repercussions on your return from study leave. You feel slightly intimidated by your manager, and also feel pressure to do what you can for the practice in what are challenging times. Question: Integrity Can you be open and honest about the situation? Would it be right to attempt to complete…You are a trainee accountant in your second year of training within a small practice. A more senior trainee has been on sick leave, and you are due to go on study leave. You have been told by your manager that, before you go on leave, you must complete some complicated reconciliation work. The deadline suggested appears unrealistic, given the complexity of the work. You feel that you are not sufficiently experienced to complete the work alone. You would need additional supervision to complete it to the required standard, and your manager appears unable to offer the necessary support. If you try to complete the work within the proposed timeframe but fail to meet the expected quality, you could face repercussions on your return from study leave. You feel slightly intimidated by your manager, and also feel pressure to do what you can for the practice in what are challenging times. Question: Professional behaviour Can you refuse to perform the work without damaging your reputation within…
- Butcher Enterprises has experienced substantial employee turnover among its office workers. During exit interviews, more than 80 percent stated that low pay was the top reason for resigning. The company conducted a survey of local companies’ pay practices to confirm whether this concern is valid. Indeed, Butcher Enterprises’ average hourly pay rate for total compensation falls well below the market. The compensation survey showed an average hourly rate of $23 for total compensation. Of this amount, wages are $16 per hour and benefits are $7 per hour. In comparison, Butcher Enterprises spends an average hourly rate of $19 for total compensation. Of this amount, 70 percent is allocated for wages.1-7. On an average hourly basis, how much does Butcher Enterprises spend on wages and benefits, respectively, in dollars?1-8. How much does the company spend on wages and benefits over the course of one year for 100 office workers? Assume that each worker provides 2,080 hours of service each…Kyle Forman worked 47 hours during the week for Erickson Company at two different jobs. His pay rate was 14.00 for the first 40 hours, and his pay rate was 11.80 for the other 7 hours. Determine his gross pay for that week if the company uses the one-half average rate method. a. Gross pay__________ b. If prior agreement existed that overtime would be paid at the rate for the job performed after the 40th hour, the gross pay would be________Case Study: Elite Manufacturing Company The company uses a job order cost system to cost its products. It recently signed a new contract with the union that calls for time-and-a-half for all work over 40 hours a week and double-time for Saturday and Sunday. Also, a bonus of 1% of the employees’ earnings for the year is to be paid to the employees at the end of the fiscal year. The controller, the plant manager, and the sales manager disagree as to how the overtime pay and the bonus should be allocated. An examination of the first month’s payroll under the new union contract provisions shows the following: Direct labor: Regular—40,200 hours@$10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $402,000 Overtime: Weekdays—1,700 hours@$15 . . . . . . . . . . . . . . . . . . . . $25,500 Saturdays—400 hours@$20 . . . . . . . . . . . . . . . . . . . . . . . . 8,000 Sundays—300 hours@$20 . . . . . . . . . . . . . . . . . . . . . . . . . 6,000 Total…
- Suppose that an accounting firm with 10 employees hires another accountant. Bydoing so, it goes from serving 30 customers each week to serving 32 customerseach week. What is the marginal product of labor for the new accountant?Calculating the Costs of Increasing the Total CompensationBudget at Butcher EnterprisesButcher Enterprises has experienced substantial employee turnover among its office workers. During exit interviews, more than 80 percent stated that low pay was the top reason for resigning. The company conducted a survey of local companies’ pay practices to confirm whether this concern is valid. Indeed, Butcher Enterprises’ average hourly pay rate for total compensation falls well below the market. The compensation survey showed an average hourly rate of $23 for total compensation. Of this amount, wages are $16 per hour and benefits are $7 per hour. In comparison, Butcher Enterprises spends an average hourly rate of $19 for total compensation. Of this amount, 70 percent is allocated for wages.1.1. On an average hourly basis, how much does Butcher Enterprises spend on wages and benefits,respectively, in dollars?5. A demotion means you are: A. Involuntarily being transferred to another department at the same pay level B. Involuntarily being transferred to another department with a decrease in pay C. Voluntarily being transferred to another department with a decrease in pay D. Voluntarily being transferred to another department at the same pay 6. It is acceptable to approach your supervisor and human resources department and inform them of your job search when: A. You have an upcoming interview B. A coworker learns of your desire to change jobs C. You are completing an educational goal D. You are thinking of changing jobs 7. ________ is the process of increasing your knowledge in the area of your career. A. All of these B. Networking C. Teaching D. Continuous learning 8. Progressive discipline includes: A. Only a written warning B. A public (company-wide) posting C. False accusations of theft or harassment D. A verbal and/or written warning