Management, 13Th Edition
Management, 13Th Edition
13th Edition
ISBN: 9780133910292
Author: Stephen P. Robbins & Mary A. Coulter
Publisher: PEARSON
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Chapter 18, Problem PC8RDQ

The Wall Street Journal and other business periodicals often carry reports of companies that have not met their sales or profit forecasts. What are some reasons a company might not meet its forecast? What suggestions could you make for improving the effectiveness of forecasting?

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Johnson Incorporated is a job-order manufacturing company that uses a predetermined overhead rate based on direct labor hours to apply overhead to individual jobs. For the current year, estimated direct labor hours are 89,000 and estimated factory overhead is $445,000. The following information is for September of the current year. Job A was completed during September, and Job B was started but not finished.    September 1, inventories   Materials inventory $  8,000 Work-in-process inventory (All Job A) 32,200 Finished goods inventory 69,500 Material purchases 111,500 Direct materials requisitioned   Job A 70,000 Job B 36,000 Direct labor hours   Job A 4,700 Job B 4,000 Labor costs incurred   Direct labor ($7.00/hour) 60,900 Indirect labor 14,000 Supervisory salaries 6,500 Rental costs   Factory 7,500 Administrative offices 2,300 Total equipment depreciation costs   Factory 8,250 Administrative offices 2,350 Indirect materials used 12,500…
After reading Section 5: Implementing Agile—Delivering in an Agile Environment in the Agile Practice Guide, respond to the following. Identify when and why you would use agile project management on your team project. If you are using a different methodology, describe the methodology and discuss why you think it is the best method to approach your project. Is there anything else that should be considered when selecting the methodology of project management?
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Introduction to Forecasting; Author: Ekeeda;https://www.youtube.com/watch?v=5eIbVXrJL7k;License: Standard YouTube License, CC-BY