SpeedCheck performs safety inspections on motorbikes in Melbourne. They are the sole provider of this service and each motorbike requires an annual inspection. SpeedCheck have provided the following information: Price per inspection Time require per inspection Labour cost per hour Fixed cost Number of motorbikes in Melb Market share Budget $250 1.0 hours $40 $7,500 25,000 8.08 Actual $260 0.9 hours. $50 $7,750 24,000 10.0% Complete the following reconciliation: Enter your answers as numbers without commas or spaces. For example: Enter 3500.50, not 3,500.50. For variances, use a positive number for favourable, and a negative number (prefix with -) for unfavourable.

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A:

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Management by Exception

A manager’s job is a very tough one. A manager needs to look at the various areas of work and as a manager he has to look after two or more important jobs or activities at the same time for the growth of the business. In order to do all these things in an effective manner, a manager must adopt or practice different management styles and tactics.