WW Office Solutions implemented a new supply requisition system. Departments must submit requests by Thursday for next week, maintain minimum 20% buffer stock, and obtain supervisor approval for urgent orders. From 85 total requisitions last month, 65 followed timeline, 72 maintained proper buffer, and 58 met both conditions. What is the compliance rate?
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WW Office Solutions implemented a new supply requisition system. Departments must submit requests by Thursday for next week, maintain minimum 20% buffer stock, and obtain supervisor approval for urgent orders. From 85 total requisitions last month, 65 followed timeline, 72 maintained proper buffer, and 58 met both conditions. What is the compliance rate?
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- WW Office Solutions implemented a new supply requisition system. Departments must submit requests by Thursday for next week, maintain minimum 20% buffer stock, and obtain supervisor approval for urgent orders. From 85 total requisitions last month, 65 followed timeline, 72 maintained proper buffer, and 58 met both conditions. What is the compliance rate? Answer this QuestionGolding Bank provided the following data about its resources and activities for its checking account process: Required: 1. Calculate the capacity cost rate for the checking account process. 2. Calculate the activity rates for the four activities. If the total number of statements issued was 20,000, calculate the cost of the issuing statements activity. 3. What if process improvements decreased the number of customer inquiries, leading to a 10 percent reduction in check processing hours and a 10,000 reduction in total resource costs? Update all the activity rates for these changes in operating conditions.Greiner Company makes and sells high-quality glare filters for microcomputer monitors. John Craven, controller, is responsible for preparing Greiners master budget and has assembled the following data for the coming year. The direct labor rate includes wages, all employee-related benefits, and the employers share of FICA. Labor saving machinery will be fully operational by March. Also, as of March 1, the companys union contract calls for an increase in direct labor wages that is included in the direct labor rate. Greiner expects to have 5,600 glare filters in inventory on December 31 of the current year, and has a policy of carrying 35 percent of the following month's projected sales in inventory. Information on the first four months of the coming year is as follows: Required: 1. Prepare the following monthly budgets for Greiner Company for the first quarter of the coming year. Be sure to show supporting calculations. a. Production budget in units b. Direct labor budget in hours c. Direct materials cost budget d. Sales budget 2. Calculate the total budgeted contribution margin for Greiner Company by month and in total for the first quarter of the coming year. Be sure to show supporting calculations. (CMA adapted)
- You are reviewing all customer complaints received in any one of your stores in a 12 month period. You want to know if there is a certain time of the working week in which you receive more complaints. please RANK the weekdays from the HIGHEST complaints reported to the LOWEST complaints reported for the last 8 months of the year.Which of the following sentences contains at least one error? a. The department must finalize the fiscal year's budget by the end of the week. b. All new expenditures must be approved by management until the new budget is finalized. c. All travel reimbursements must be submitted by this Friday. d. Each unit is responsible for reconciliation of it's budget.The Clark County Sheriff’s Department schedules police officers for 8-hour shifts. The beginning times for the shifts are 8:00 a.m., noon, 4:00 p.m., 8:00 p.m., midnight, and 4:00 a.m. An officer beginning a shift at one of these times works for the next 8 hours. During normal weekday operations, the number of officers needed varies depending on the time of day. The department staffing guidelines require the following minimum number of officers on duty: Determine the number of police officers that should be scheduled to begin the 8-hour shifts at each of the six times to minimize the total number of officers required. (Hint: Let x1 = the number of officers beginning work at 8:00 a.m., x2 = the number of officers beginning work at noon, and so on.)
- Ethics in Action In August, Lannister Company introduced a new performance measurement system in manufacturing operations. One of the new performance measures is lead time, which is determined by tagging a random sample of items with a log sheet throughout the month. The log sheets recorded the time that the sample items started production and the time that they ended production, as well as all steps in between. At the end of the month, the controller collected the log sheets and computed the average lead time of the tagged products. This number was reported to central management and was used to evaluate the performance of the plant manager. Because of the poor lead time results reported for August, the plant was under extreme pressure to reduce lead time in September. The following memo was intercepted by the controller. Date: September 3 To: Hourly Employees From: Plant Manager During last month, you may have noticed that some of the products were tagged with a log sheet. This sheet records the time that a product enters production and the time that it leaves production. The difference between these two times is termed the lead time. Our plant is evaluated on improving lead time. From now on, I ask all of you to keep an eye out for the tagged items. When you see a tagged item, it is to receive special attention. Work on that item first, and then immediately move it to the next operation. Under no circumstances should tagged items wait on any other work that you have. Naturally, report accurate information. I insist that you record the correct times on the log sheet as the product goes through your operations. How should the controller respond to this discovery?You have been recently hired as general manager of Lucky’s. It is September 1, and you must prepare the operating budget of this establishment for the first quarter of the upcoming calendar year, and submit it to the corporate office. Since you have been at the operation for only a month or so, you must rely solely on historical data. You gather sales reports and records for the months of January through August of the current year. Using the data and the budget worksheet provided, prepare the operating budget for Lucky’s for the months of January through March of the upcoming year. Here is the information you determined from the most recent sales and costs records (Please note that the first month has already been completed): Sales are 10 percent higher than those of the same month during the previous year. Food cost percentage is steady at 32 percent. Fixed labor costs are steady at $9,000 per month. Variable labor costs are 15 percent of sales. Occupancy costs will remain steady…Following are descriptions of 10 internal controls. The company has an organizational chart that establishes the formal lines of reporting and authorization protocols. Before a cash disbursement can be processed, all payee information must be verified by matching the payee to the company’s approved vendor listing. The company’s computer systems track individual transactions and automatically accumulate transactions to create a trial balance. On a monthly basis, department heads compare a budget to actual performance report and investigate unusual differences. The company must receive university transcripts documenting all college degrees earned before an individual can begin employment with the company. Senior management obtains data about external events that might affect the entity and evaluates the impact of that information on its existing accounting processes. Each quarter, department managers are required to perform a self-assessment of the department’s compliance…
- CASE Ecoplanet Pte Ltd is in the business of manufacturing and supplying carton boxes for packaging, storage and transportation purposes to many industries. The products are made from recycled and sustainable fibre which are biodegradable. During the audit, your team made the following observations: Observation 1 – Pre-signed blank cheques Two weeks before the year end, the CEO will pre-sign 3 blank cheques to pay for urgent bills before he goes off for his annual leave. Every cheque requires 2 authorised signatories. The Finance Manager keeps these 3 blank cheques in her locked drawer. She will only complete the date, payee information and dollar amount on the cheque, and signs off as the second authorised signatory when the cheque is utilised. Observation 2 – Year-end inventory count During the year-end inventory count conducted on 31 December 2020, your audit team observed that several workers were loading up some goods into a truck. Upon query, the warehouse manager explained…One of the operations in the Wonderland Post Office is a mechanical mail sorting operation. In this operation, letter mail is sorted at a rate of one letter per second. The letter is mechanically sorted from a three-digit code input by an operator sitting at a keyboard. The manager of the mechanical sorting operation wants to determine the number of temporary employees to hire for December. The manager estimates that there will be an additional 32,364,000 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 month at a time. Each temporary employee is hired to work 145 hours in the month. a. How many temporary employees should the manager hire for December?fill in the blank 1 employees b. If each temporary employee earns a standard $20 per hour, what would be the labor time variance if the actual number of additional letters sorted in December was…The Clark County Sheriff's Department schedules police officers for 8-hour shifts. The beginning times for the shifts are 8:00 a.m., noon, 4:00 p.m., 8:00 p.m., midnight, and 4:00 a.m. An officer beginning a shift at one of these times works for the next 8 hours. During normal weekday operations, the number of officers needed varies depending on the time of day. The department staffing guidelines require the following minimum number of officers on duty: Time of Day 8:00 a.m.-noon Noon-4:00 p.m. 4:00 p.m.-8:00 p.m. 8:00 p.m.-midnight Midnight-4:00 a.m. 4:00 a.m.-8:00 a.m. Minimum No. of Officers on Duty 5 6 9 7 4 6 Determine the number of police officers that should be scheduled to begin the 8-hour shifts at each of the six times to minimize the total number of officers required. If your answer is zero, enter "0". Starting Time Officers Starting 8:00 a.m. Noon 4:00 p.m. 8:00 p.m. Midnight 4:00 a.m.
