It would be too expensive and time consuming, and the IT staff would have to customize the interface leaving the staff more work to do with integrating the new system. Ch.6 1. Are the DFDs in PE Figures 6-1 and 6-2 balanced? Show that they are, or are not. If they are not balanced, how can they be fixed?
Firstly, they both involve assessment and it is only the end use of the information obtained which is different i.e. one for selection and one for development; secondly, it is impossible to draw a line between assessment and development centres because all centres, be they for assessment or development naturally lie somewhere on a continuum somewhere between the two extremes; thirdly most assessment centres involve at least some development and most development centres involve at least some assessment. This means that it is very rare to find a centre devoted to pure assessment or pure development. The issue is further confused by the political considerations one must take into account when running such a centre; it is common practice for an assessment centre with internal candidates to be referred to as a development centre because of the negative implications associated with assessment. It is easier to think about assessment centres as being equally to do with selection and development because a degree of assessment goes on in both.
Question B Discuss the advantages and disadvantages of Job Order Costing. Be sure to include specific examples of the advantages/disadvantages that you discuss. Week 3 Discussion Questions Question A What is the difference between operations costing and a process costing system? How does a company decide whether to use a job order or a process cost system? Question B How does the treatment of costs differ in ABC systems as opposed to traditional cost systems?
3) What are the factors that lead to or impede successful ABC implementation (i.e., individual, organizational, technological, external) and which factors were present in the case of Universal? Do these success factors tend to be more behavioral or technical in nature? Universal Electronics’s standard costing system was basically allocating large pieces of overhead to production processes, and burying essential elements of manufacturing costs. These methods not only created incorrect costs, but also they did not provide the costing accuracy or level of detail needed in that competitive business environment. There are several factors, or lack thereof, that can have a direct impact into a successful or unsuccessful ABC implementation, and these can be categorize as follows: * Individual Factors: * There should be individual(s) with expert knowledge of ABC in order to successfully implement this system into a company.
The result of implementing the Activity-Based Costing (ABC) system had demonstrated that the cost per box of each product lines differed from the cost per box calculated under both the Volume-Based Costing and the Direct Materials plus Direct Labor (DM + DL) Costing systems. Since the ABC system assigned cost drivers for each activity cost pool, the overhead cost allocated to each product lines under the ABC systems must be substantially more accurate than the overhead cost allocated under the Volume-Based Costing and DM + DL Based Costing. Accuracy in this context refers to the congruency of each product lines and the part of the overhead cost from a particular cost pool it should be accounted for. By doing the procedure described above for each activity cost pool, the overhead cost allocated to each product lines under the ABC system would be more accurate comparing to the Volume-Based/ DM + DL Based Costing systems. This is because Volume-Based/DM + DL lump all the activity cost pool together, in practice, summing all the overhead costs in to one number.
This is an implausible trend on the Balance sheet that BDO should have investigated further, especially with Leslie Fay’s outstanding Income Statement. 2.) First of all I would want to investigate vendor and customer accounts to reconcile payable and receivable amounts. Also, I would obtain bank statements and other lines of credit since the long term debt to equity ratio shows the company being highly leveraged.
Challenges Because major changes had to be made to their compensation plan to successfully integrate FedEx Express and Ground sales, it is very important to determine the right balance in compensation. The key to creating a good compensation plan is balance between base salary and incentives. Sales compensation can be complex and while there are many ways of approaching it, maintaining a competitive edge in terms of the “right mix” of base salary and compensation is critical. It’s also important to keep in mind that compensation typically ranks very high in importance among sales people. Often, salespeople are heavily motivated by compensation and competitive environments.
All actions are related to an underlying principle. Kantian thought supports the idea that the actions are justified by a set of rules outlined in Kantianism. Utilitarianism is based on the idea of a greater good. Positive and negative consequences are quantified and the most positive consequence for the greatest amount of people is chosen, sometimes at the expense of others. For utilitarian school of thought, an individual strives to do the most good, even at the expense of the minority.
Then every possible alternative is generated and with their impacts evaluated. Finally the optimal alternative would be chosen. This is the conventional process of decision-making suggested by classical theories. Simon, on the other hand, determined that this is not a realistic approach considering decision-making concepts, he argued that decision makes, who are human, is unable to be rational under environmental constraints and human incapacity. Also, these two factors can have impacts on the behaviour and rationality of the decision maker.
Introduction: Production and Capacity planning is one of the key aspects of operations management as it determines the amount of goods or services which can be produced within a given time duration. Too less capacity indicates that customers won't be satisfied and too much capacity would result in the operation being under-utilized with resultant high fixed costs and also affecting breakeven and profitability. A company, when it has to increase its capacity it has various options to consider, from working overtime to building a new facility or a plant. Forecasting demand is critical to capacity planning and companies can adopt different strategies of capacity planning, to ensure customer satisfaction and maintain the operations well