Job analysis might be conducted for all of the following reasons, except O When new jobs are created O When downsizing takes place O When the organization is founded and jobs are initiated for the first time O When jobs are changed significantly
Q: If a product is made to customers’ orders or specifications or if products are made in separate…
A: Please find the answer to the above question below:
Q: Explain the job order costing income statement and provide a hypothetical example of job order…
A: Step 1 Job Order Costing Income Statement is an Income Statement that expresses Profitability for…
Q: Explain the allocation of job costs for a service company.
A: Job costing is defined as a method of recording thecosts of a manufacturing job, rather than…
Q: ypically, the final hiring decision in lar Ohuman resource manager. Omanagement consultant.…
A: The recruitment process includes reviewing applications, selecting the best individuals for…
Q: rpose of the following control procedures (i.e., what threats is it designed to mitigate)? b.…
A: Following are the Purpose of Control Procedures of Reconciliation of labor costs (based on job-time…
Q: Which of the following manufacturers is less likely to use a job accounting system ? a. A…
A: Job accounting system: It implies to as one of the costing method under which the costs incurred in…
Q: What is the importance of the job ticket? Illustrate, through a program flowchart, the flow of job…
A: Importance of job ticket : Job ticket is an important element in job costing. Job ticket is a ticket…
Q: What do a group of tasks that must be performed if an organization is to achieve its goals…
A: Solution - JOB refers to the process of identifying and determining the duties, responsibilities,…
Q: Determine following are most likely to be considered as a job and which as a job lot. Hats imprinted…
A: Accounting: Accounting is a system, or a process of collecting and organizing economic…
Q: plan incorporates a plan for
A: A good operational plan incorporates unionization its business, provide a solid organizational…
Q: A comprehensive job analysis approach that concentrates on the interactions among the work, the…
A: Job analysis is related to recording various data with regards to the job, which includes analysis…
Q: Which of the following statements are true? 1. A cost driver is a factor, such as machine-hours,…
A: Direct costs are those costs which are directly involved in converting raw material into finished…
Q: Which of the following is included in a job description? Oa. Education, credentials required Ob.…
A: Job Description is a description of a job requirement of a company. It is a formal description of…
Q: The journal entry to record the completion of a contract in a job costing system for a service firm…
A: Journal entry for completion of job is passed by amount in work-in-process to finished goods.…
Q: Segregation of duties means that a company assigns responsibilities so that Multiple Choice…
A: Correct answer is Responsibilities of related activites are assigned to two or more people
Q: A job order cost system identifies costs with a particular job rather than with a set time period. O…
A: Job costing includes the aggregation of the expenses of materials, overhead and labor for a…
Q: Concepts and Terminology From the choices presented in parentheses, choose the appropriate term for…
A: 1) Factory overheads are manufacturing costs 2) Prime costs includes direct material , direct labor…
Q: As related to a job order costing system, answer the following short questions: a. What is a job…
A: The business will be run as per the accounting procedures, and various costing techniques. Based on…
Q: Which of the following businesses would most likely use a job-costing system? O a. A print shop that…
A: Hi student Since there are multiple questions,we will answer only first question. If you want…
Q: From the choices presented in parentheses, choose the appropriate term for completing each of the…
A: Costs are classified into two categories Direct costs - which can be traced to product easily…
Q: Think about a service you have been involved with and describe how job-costing might be implemented…
A: Job costing includes tracing direct expenses related to each job and allocating overhead expenses on…
Q: Many companies strive to design jobs that are intrinsically motivating. Visit several small and…
A: Now a days majority of the companies are creating the job posting as intrinsically motivated people…
Q: Explain the terms accumulate, assign, allocate, and adjust as they apply to job order costing.
A: Accumulate: Accumulation of cost occurs when a cost pool is created and costs are accumulated. The…
Q: What are the plans and interventions to get better pay in entry-level jobs of CPA or any jobs…
A: Better pay at the entry level jobs or any jobs can be understood by the mere fact that adequate and…
Q: What is the process of searching for prospective employees and stimulating them to apply for the…
A: Every entity needs competitive employees to run its operation for the long term. The entity uses…
Q: Which one of the following is an example of a period cost? A change in benefits for the union…
A: Period cost are the costs incurred periodically and which can not be allocated to any specific…
Q: True or false In a job costing system companies must accumulate costs and then assign costs to each…
A: Under the Job costing the company accumulates the cost and thereafter assigns the cost to various…
Q: 1-The systematic process of determining the skills, duties, and knowledge required for performing…
A: We shall answer the first question since the exact question wasn't mentioned. Please resubmit a new…
Q: Lance, an HR manager, shares his company's job openings on social media and online job postings To…
A: The recruitment is a process to hire the employees for the organisation.
Q: Match each definition with its related term by selecting the appropriate term in the dropdown…
A: Match each definition with its related term by selecting the appropriate term in the dropdown…
Q: Why is it important to have an organized approach to finding a new job? Do you have a present (or…
A: Job search seems to be a one-of-a-kind organizational difficulty. Finding another job is a difficult…
Q: Some job seekers approach prospective employers directly. This process is called Prospecting.
A: Prospecting is a process by which a firm's sales team can find prsopective client or a qualified…
Q: For each of the following statements, circle (T) or (F) to indicate whether the statement is true or…
A: Job Order Costing:- it is a costing method, which is used to determine the cost of the product at…
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- Indicate whether the statement describes reporting by the financial accounting function or the managerial accounting function of an organization. The users of the report are managers who need a daily summary of work done each shift. The report is a job cost sheet for jobs completed in a 24-hour period. The annual report is released each year on the companys website. The report is audited by the companys certified public accountant firm. The report is prepared every day because the customer service manager needs information about inventory ready to be shipped to customers.John Biggs and Patty Jorgenson are both cost accounting managers for a manufacturing division. During lunch yesterday, Patty told John that she was planning on quitting her job in three months because she had accepted a position as controller of a small company in a neighboring state. The starting date was timed to coincide with the retirement of the current controller. Patty was excited because it allowed her to live near her family. Today, the divisional controller took John to lunch and informed him that he was taking a position at headquarters and that he had recommended that Patty be promoted to his position. He indicated to John that it was a close call between him and Patty and that he wanted to let John know personally about the decision before it was announced officially. Required: What should John do? Describe how you would deal with his ethical dilemma (considering the IMA code of ethics in your response).Types of Responsibility Centers Consider each of the following independent scenarios: a. Terrin Belson, plant manager for the laser printer factory of Compugear Inc., brushed his hair back and sighed. December had been a bad month. Two machines had broken down, and some factory production workers (all on salary) were idled for part of the month. Materials prices increased, and insurance premiums on the factory increased. No way out of it; costs were going up. He hoped that the marketing vice president would be able to push through some price increases, but that really wasnt his department. b. Joanna Pauly was delighted to see that her ROI figures had increased for the third straight year. She was sure that her campaign to lower costs and use machinery more efficiently (enabling her factories to sell several older machines) was the reason why. Joanna planned to take full credit for the improvements at her semiannual performance review. c. Gil Rodriguez, sales manager for ComputerWorks, was not pleased with a memo from headquarters detailing the recent cost increases for the laser printer line. Headquarters suggested raising prices. Great, thought Gil, an increase in price will kill sales and revenue will go down. Why cant the plant shape up and cut costs like every other company in America is doing? Why turn this into my problem? d. Susan Whitehorse looked at the quarterly profit and loss statement with disgust. Revenue was down, and cost was upwhat a combination! Then she had an idea. If she cut back on maintenance of equipment and let a product engineer go, expenses would decreaseperhaps enough to reverse the trend in income. e. Shonna Lowry had just been hired to improve the fortunes of the Southern Division of ABC Inc. She met with top staff and hammered out a 3-year plan to improve the situation. A centerpiece of the plan is the retiring of obsolete equipment and the purchasing of state-of-the-art, computer-assisted machinery. The new machinery would take time for the workers to learn to use, but once that was done, waste would be virtually eliminated. Required: For each of the above independent scenarios, indicate the type of responsibility center involved (cost, revenue, profit, or investment).
- 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?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-separateddutiesAccountingfly Changes How CPAs Get Hired Filling accounting positions, especially at the CPA level, can be a challenge. Until a few years ago, businesses other than the Big 4 firms basically had two options: post openings on general job platforms such as Monster and Indeed, or go through a staffing agency that charged a hefty fee for finding just the right accounting professional. Jeff Phillips, a professional recruiter who previously worked for Monster.com, saw the opportunity to create a job site that caters strictly to accounting and bookkeeping jobs and started Accountingfly.com with brothers John and James Hosman. After studying various industries, the founders decided to focus on accounting because of the “massive imbalance” when it came to recruiting for private and public accountants. In their research, the trio found that most of the talent was snapped up by Big 4 accounting firms, leaving other accounting businesses struggling to find the right experienced people to fill key…
- It is your first six months at your new job as an HR assistant at Groceries for You, a home delivery grocery service. When you ask the HR director, Chang, about performance evaluations, he just rolls his eyes and tells you to schedule a meeting in his Outlook calendar to discuss them. In the meantime, you gather some data that might be helpful in your discussion with Chang. Number of managers 4 Number of employees 82 Average span of control Delivery—38 Warehouse—24 Marketing/technology—16 Job types 11—customer service 1—delivery manager 1—warehouse manager 1—marketing and technology manager 38—delivery drivers 24—warehouse workers 1—tech support 5—marketing and website design When you meet, Chang is very forward with you about the current process. “Right now, managers groan when they are told they need to complete evaluations. The evaluations are general—we use the same form for all jobs in the organization. It appears that promotion decisions are…In the New Company File Assistant, before pressing the Next button in the 'Create your company file' window, Isabella wants to confirm some of the company settings you selected when creating the company file in MYOB. Isabella asks you to select the correct options that appear throughout the New Company File Assistant that correspond to the company settings required for Hi-Fi Way in MYOB: 12 accounting periods and 'Other' as the industry classification of the business June as the conversion month and a financial year starting in January 12 accounting periods and 'Retail Business, Other' as the industry classification of the business January as the conversion month and a financial year ending in JulyGenX is a career training company that offers both online and on-campus weekend training courses on web development, data science, coding, and digital marketing. The accompanying data file shows the courses that will be offered next month by GenX. The data set contains course name (Course), whether the course is offered online or on-campus (Mode), current enrollment (Enrollment), tuition per student (Tuition), cost of instructors (Instructor costs), facility costs (Facility costs), technical service costs (Technical services), and historical cancellation rate for the course (Cancellation rate). Only on-campus courses incur facility costs. Online courses carry much higher costs for technical services than on-campus courses. The historical cancellation rate is used to project the actual enrollments of the courses. GenX would like to develop a spreadsheet model that calculates the projected revenue and profit for the month. Course Mode Enrollment Tuition Instructor costs Facility…
- In the last few months, the company you work for has grown 43%. Up until now, payroll has been managed manually using Excel spreadsheets. To increase efficiency and ease of payroll management, the decision has been made to purchase an off-the-shelf software solution. How would you decide what criteria was needed and which solution would work best for your organization?I REGREAT THAT I CANNOT FIND THE ANSWER OF QUESTION 6 & 7 IN THE WEBSIT? COULD YOU PLEASE HELP? Lisa Ronsin had recently been transferred to the Home Security Systems Division of National Home Products. Shortly after taking over her new position as divisional controller, she was asked to develop the division’s predetermined overhead rate for the upcoming year. The accuracy of the rate is important because it is used throughout the year and any underapplied or overapplied overhead is closed out to Cost of Goods Sold at the end of the year. National Home Products uses direct labor-hours in all of its divisions as the allocation base for manufacturing overhead. (6) What alternative ethical actions could Lisa take in this situation? Identify at least THREE alternative actions. (7) What is your proposed solution?You're applying for a job as a website designer at a digital marketing agency. In a previous job at another agency, you excelled at website design, but you were also asked to pitch the agency's services to potential clients. Unfortunately, you did not excel at this aspect of the job, and you were let go when the agency had to lay off 10% of its staff. The new opportunity will not require you to pitch new clients. How should you approach your former boss for a recommendation that focuses on your web design skills?