_______ is the phenomenon of the shifting of individual management styles to become more similar to one another.

Answers

Answer 1

Answer:

Answer:

Convergence

Explanation:

Convergence meaning that the two different entities are coming together. It is also defined as the tendency of the group members to become more alike. It is also known as the company culture, in the sense, that the people who work there, tend to have the similar characteristics.

Therefore, the convergence is the phenomenon which states the shifting of the styles of the individual management in order to become more similar to one another.

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What was a consequence of President Johnson ignoring the Tenure of Office Act?

Answers

He ended up getting impeached.

A consequence of President Johnson ignoring the Tenure of Office Act was he ended up getting impeached.

Listed below are costs found in various organizations.For each cost item, indicate whether it would be variable or fixed with respect to the number of units produced and sold; and then whether it would be a selling cost, an administrative cost, or a manufacturing cost. If it is a manufacturing cost, indicate whether it is a direct cost or an indirect cost with respect to units of product.
1. Direct labor
2. Executive salaries
3. Factory rent
4. Property taxes, factory.
5. Boxes used for packaging detergent produced by the company
6. Salespersons' commissions
7. Supervisor's salary, factory
8. Depreciation, executive autos.
9. Wages of workers assembling computers
10. Insurance, finished goods warehouses
11. Lubricants for production equipment.
12. Advertising costs
13. Microchips used in producing calculators.

Answers

The following are the costs incurred and their types:

1. Direct labor - Fixed - manufacturing cost
2. Executive salaries - Fixed - administrative cost
3. Factory rent - Fixed - administrative cost
4. Property taxes, factory - Fixed - administrative cost
5. Boxes used for packaging detergent produced by the company - Variable - manufacturing cost
6. Salespersons' commissions - Variable - selling cost
7. Supervisor's salary, factory - Fixed - administrative cost
8. Depreciation, executive autos - Variable -
9. Wages of workers assembling computers - Variable - administrative cost
10. Insurance, finished goods warehouses - Variable - administrative cost
11. Lubricants for production equipment - Variable - administrative cost
12. Advertising costs - Variable - selling cost
13. Microchips used in producing calculators - Variable - manufacturing cost

Not all the items in your office supply store are evenly distributed as far as demand is concerned, so you decide to forecast demand to help plan your stock. Past data for legal-sized yellow tablets for the month of August areA)Using a three-week moving average, what would you forecast the next week to be? (Round your answer to the nearest whole number.)
B)Using exponential smoothing with ? = 0.20, if the exponential forecast for week 3 was estimated as the average of the first two weeks [(315 + 415)/2 = 365], what would you forecast week 5 to be? (Round your answer to the nearest whole number.)
Week 1 315
Week 2 415
Week 3 615
Week 4 715

Answers

Answer: A. 582 ; B. 475

Explanation:

A. Three week moving average

three moving average requires us to take the last three weeks forecast in calculating the forecast for following week, to calculate week 5 forecast we will start from week 2 to week 4.

Week 2 = 415

Week 3 = 615

Week 4 = 715

Three week moving average = (WEEK 2 + Week 3 + Week 4)/N

Three week moving average = (415 + 615 + 715)/3

Three week moving average = 1745/3 = 581.6667 = 582

using three week moving average the forecast for week 5 is 582

B.Exponential smoothing

Exponential smoothing forecast for week 3 is 365, to calculate the forecast of week 5 we need to find a forecast for week 4 first using exponential smoothing

S = smoothing Factor = 0.2

D = most recent forecast (week 3) = 615

F = most recent forecast under exponential smoothing = 365

Forecast(week 4) = (D × S) + (F × (1 - S))

Forecast(week 4) = (615 × 0.20) + (365 × (1 - 0.20))

Forecast(week 4) = 123 + 292 = 415

The forecast for week 4 using exponential smoothing is 415

Week 5 forecast calculation

S = smoothing Factor = 0.2

D = most recent forecast (week 4) = 715

F = most recent forecast under exponential smoothing = 415

Forecast(week 5) = (D × S) + (F × (1 - S))

Forecast(week 5) = (715 × 0.20) + (415 - (1 - 0.20))

Forecast(week 5) = 143 + 332= 475

forecast for week 5 is 475

Final answer:

The forecast for the next week using a three-week moving average would be 448 items. Using exponential smoothing with a smoothing constant of 0.20, the forecast for week 5 would be 435 items.

Explanation:

To answer both parts of your question:

A) The three-week moving average is calculated by taking the average of the past 3 weeks, so for week 4, it would be the average of weeks 1, 2, and 3: [(315 + 415 + 615)/3 = 448]. Therefore, the forecast for week 4 using a three-week moving average would be 448 items, rounded to the nearest whole number.

B)Exponential smoothing requires the use of a smoothing constant, in this case, ? = 0.20, and the previous actual and forecasted values. Using the given exponential forecast for week 3 of 365, the forecasted demand for week 5 would be calculated as follows: Forecast = ? * Actual_previous + (1-?) * Forecast_previous = 0.20 * 715 + (1-0.20) * 365 = 435. Therefore, your week 5 forecast would be 435 items, rounded to the nearest whole number.

Learn more about Demand Forecasting here:

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Stooge Enterprises manufactures ceiling fans that normally sell for $93 each. There are 340 defective fans in inventory, which cost $59 each to manufacture. These defective units can be sold as is for $23 each, or they can be processed further for a cost of $41 each and then sold for the normal selling price. Stooge Enterprises would be better off by aA. $9,860 net increase in operating income if the ceiling fans are repaired.
B. $23,800 net increase in operating income if the ceiling fans are sold as is.
C. $23,800 net increase in operating income if the ceiling fans are repaired.
D. $9,860 net increase in operating income if the ceiling fans are sold as is.

Answers

Answer:

A. $9,860 net increase in operating income if the ceiling fans are repaired.

Explanation:

If the company don't do anything with defective fans, they still occurs manufacturing cost of $20,060 (=$59 * 340)

(1) if the company sell defective units, operating income is -12,240 or loss of $12,240 =(340*$23-$20,060)

(2) if the company process further for a cost of $41 each and then sell for the normal selling price, the operating income is -2,380 loss of $2,380= 340*($93-$41) - $20,060

So if the fans are repaired, the net increase in operation income is $9,860 =(-2,380-( -12,240))

Which of the following illustrates economies of scale , diseconomies of scale , and constant returns to scale ?Liza's average total cost changes from $4.50 to $2.20 when she increases salad production from 7 to 9 an hour. Sam's average total cost changes from $1.30 to $2.80 when he increases smoothie production from 5 to 8 gallons an hour. Tina's average total cost remains at $3 when she increases pizza production from 12 to 13 an hour.

a. Sam faces economies of scale; Liza faces diseconomies of scale; Tina faces constant returns to scale.
b. Sam faces economies of scale; Tina faces diseconomies of scale; Liza faces constant returns to scale.
c. Tina faces economies of scale; Sam faces diseconomies of scale; Liza faces constant returns to scale.
d. Liza faces economies of scale; Sam faces diseconomies of scale; Tina faces constant returns to scal

Answers

Answer: d. Liza faces economies of scale; Sam faces diseconomies of scale; Tina faces constant returns to scale

Explanation:

Economies of scale occurs when the increase in production by companies brings about a reduction in cost. Diseconomies of scale is when a rise in production leads to an increase in cost as well. For a constant return to scale, the cost remains the same.

Therefore, the answer will be option D "Liza faces economies of scale; Sam faces diseconomies of scale; Tina faces constant returns to scale".

Bruce Corporation makes four products in a single facility. These products have the following unit product costs: Products ABCD Direct materials$13.20$9.10$9.90$9.50 Direct labor 18.30 26.30 32.50 39.30 Variable manufacturing overhead 3.20 1.60 1.50 2.10 Fixed manufacturing overhead 25.40 33.70 25.50 36.10 Unit product cost$60.10$70.70$69.40$87.00 Additional data concerning these products are listed below. Products ABCD Grinding minutes per unit 2.70 3.40 3.20 2.30 Selling price per unit$75.00$92.40$86.30$103.10 Variable selling cost per unit$1.10$0.10$2.20$0.50 Monthly demand in units 2,900 2,900 1,900 2,100 The grinding machines are potentially the constraint in the production facility. A total of 52,600 minutes are available per month on these machines. Direct labor is a variable cost in this company. How many minutes of grinding machine time would be required to satisfy demand for all four products

Answers

Answer:

A. Total grinding minutes required = 28,600 minutes

Of the 4, product D offers the highest profitability per grinding minute.

A. $40,020 divided by 7,830 minutes = $5.11 per grinding minute

B. $62,640 divided by 9,860 minutes = $6.35 per grinding minute

C. $27,930 divided by 6,080 minutes = $4.60 per grinding minute

D. $32,760 divided by 4,830/minutes = $6.70 per grinding minute

Explanation:

Bruce corporation

Step 1 identify Grinding minutes per unit of product

A = 2.70

B = 3.40

C = 3.20

D = 2.30

Step 2. Identify Production units through monthly demand units

A = 2,900

B = 2,900

C = 1,900

D = 2,100

Step 3. Determine total grinding units required to fulfill demand.

A = 2,900 x 2.70 = 7,830

B = 2,900 x 3.40 = 9,860

C = 1,900 x 3.20 = 6,080

D = 2,100 x 2.30 = 4,830

Total grinding minutes required = 28,600

Product profitability

Step 1. Determine product cost

Differentiate the product Costs and variable selling costs per unit from the unit selling prices.

A = 75.00 - 60.10 - 1.1 = 13.80

B = 92.40 - 70.70 - 0.1 = 21.60

C = 86.30 - 69.40 - 2.20 = 14.70

D = 103.10 - 87.00 - 0.50 = 15.60

Step 2. Multiply the profitability per unit with volume demanded to determine absolute value of profits made

A = 2,900 x 13.80 = $40,020

B = 2,900 x 21.60 = $62,640

C = 1,900 x 14.70 = $27,930

D = 2,100 x 15.60 = $32,760

Total profit = $163,350.

Step 3./determine the profit per grinding minute. To evaluate which product makes best use of the grinding machine

A. $40,020 divided by 7,830 minutes = $5.11 per grinding minute

B. $62,640 divided by 9,860 minutes = $6/35 per grinding minute

C. $27,930 divided by 6,080 minutes = $4.60 per grinding minute

D. $32,760 divided by 4,830/minutes = $6.7 per grinding minute

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