One of the operations in the United States Postal Service IS rate of 1.5 letters per second. The letter is mechanically sorted from a three-digit code input by an operator sitting at å key manager of the mechanical sorting operation wants to determine the number of temporary employees to hire for December. The managen estimates that there will be an additional 24,192,000 pieces of mail in December, due to the upcoming holiday season. Assume that the sorting operators are temporary employees. The union contract requires that temporary employees be hired for one mon at a time. Each temporary employee is hired to work 160 hours in the month. a. How many temporary employees should the manager hire for December? employees b. If each temporary employee earns a standard $16.40 per hour, what would be the labor time variance if the actual number of additiona letters sorted in December was 23,895,000? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
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