Oman Pharmaceutical Company provides a safe, clean workplace for the staff working in the production department. The company is showing the social responsibility of business towards.
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- Which one of the following statements is TRUE? O a. An example of an agency relationship is when a supervisor hires a forklift operator. b. An example of an agency cost is when the board of directors pays a dividend to shareholders. • c. An example of an agency relationship is when a private individual hires a lawyer to prepare her defense d. An agency cost is the wage required to pay someone who is hired to perform a service. e. The supervisor-emplovee relation between a production line supervisor and a production line operator isThe law firm END, LLP provides legal services to a wide range of clients in the KC area. The firm has two main costs: (1) compensation for professional staff and (2) all other costs, which include support staff, facilities costs, and other costs. The costs of professional staff are considered direct costs for the purposes of billing clients and assessing the profitability of each client job; all other costs are considered overhead. The firm determines an overhead rate for client billing based on the number of professional staff hours used for the job. Professional staff are paid $150 per hour and their time is billed at $250 per hour. The firm estimates the following total costs for the coming year: Estimated cost of professional staff $ 6,000,000 (40,000 hours of staff time = $150/hr) Estimated other costs (overhead) 5,000,000 Total estimated costs $11,000,000 Required: Prepare a case analysis that computes the…Assume you are the manager of a local Starbucks. What factors do you feel would be relevant to hiring workers (including pay), assuming Starbucks is a decentralized organization?
- A plant manager who supervises workers manufacturing products, plans for production, and ensures product quality is what kind of manager? Group of answer choices a) Operations b) Top c) Human Resources d) LeadershipAbdulla is a manager in an organization and he is responsible to take the necessary steps to protect the environment in manufacturing process. What ethical work does his organization do?. choose correct answera.Makes the management increases manufacturing cost b.No benefits to the workers c.Loss by spending more by his action d.Produces environment friendly productsEthics in ActionAvett Manufacturing Company allows employees to purchase materials, such as metal and lumber, for personal use at a price equal to the company’s cost. To purchase materials, an employee must complete a materials requisition form, which must then he approved by the employee’s immediate supervisor. Brian Dadian, an assistant cost accountant, then charges the employee an amount based on Avett’s net purchase cost. Brian is in the process of replacing a deck on his home and has requisitioned lumber for personal use, which has been approved in accordance with company policy. In computing the cost of the lumber, Brian reviewed all the purchase invoices for the past year, He then used the lowest price to compute the amount due the company for the lumber.The Institute of Management Accountants (IMA) is the professional organization for managerial accountants. The IMA has established four principles of ethical conduct for its members: honesty, fairness, objectivity, and…
- An individual who works with and through other people by coordinating their work activities in order to accomplish organizational goals is __. a. a salesperson b. an assembly line worker c. a managerd. a laborerAna Perez is the plant manager of Travel Free’s Indiana plant. The Camper and Trailer operating departments manufacture products and have their own managers. The Office department, which Perez also manages, provides services equally to the two operating departments. Each performance report includes only those costs that a particular operating department manager can control: direct materials, direct labor, supplies used, and utilities. The plant manager is responsible for the department managers’ salaries, building rent, office salaries other than her own, and other office costs plus all costs controlled by the two operating department managers. The annual departmental budgets and actual costs for the two operating departments follow. The Office department’s budgeted and actual costs follow. Required Prepare responsibility accounting performance reports like those in costs controlled by the following. 1. Manager of Camper department. 2. Manager of Trailer department. 3. Manager of…For the following activitie, explain which of the objectives of managerial accounting activity is involved. In some cases, several objectives may be involved. Measuring the following costs incurred during one month in a Hyatt Regency hotel:a. Wages of table-service personnel.b. Property taxes.
- Responsibility and controllability. Consider each of the following independent situations for Tropical Hot Tubs. Tropical manufactures and sells hot tubs. The company also contracts to service both its own and other brands of hot tubs. Tropical has a manufacturing plant, a supply warehouse that supplies both the manufacturing plant and the service technicians (who often need parts to repair hot tubs), and 10 service vans. The service technicians drive to customer sites to service the hot tubs. Tropical owns the vans, pays for the gas, and supplies hot tub parts, but the technicians own their own tools. In the manufacturing plant, the production manager is not happy with the motors that the purchasing manager has been purchasing. In May, the production manager stops requesting motors from the supply warehouse and starts purchasing them directly from a different motor manufacturer. Actual materials costs in May are higher than budgeted. Overhead costs in the manufacturing plant for June…Classifying costsThe following is a list of costs incurred by several businesses:a. Salary of quality control supervisor b. Packing supplies for products sold. These supplies are a verysmall portion of the total cost of the product.c. Factory operating suppliesd. Depreciation of factory equipmente. Hourly wages of warehouse laborers f. Wages of company controller's secretaryg. Maintenance and repair costs for factory equipmenth. Paper used by commercial printeri. Entertainment expenses for sales representativesj. Protective glasses for factory machine operators k. Sales commissionsl. Cost of hogs for meat processorm. Cost of telephone operators for a toll-free hotline to helpcustomers operate productsn. Hard drives for a microcomputer manufacturer o. Lumber used by furniture manufacturerp. Wages of a machine operator on the production lineq. First-aid supplies for factory workersr. Tires for an automobile manufacturers. Paper used by Computer Department in processing variousmanagerial…Besides the “Shop,” how else does Barcelona try to maximize employee fit? What other suggestions do you have for the company to improve new hires’ fit with the job and organization