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Concept explainers
(a)
Ethical Issue: The case is related to the manipulation of the time study which leads to wrong labor time standard. In this case, time study is conducted for painting department of S Company to set labor time standards, in which rest time, preparation time and cleanup time is also considered.
B is an employee who had long experience in painting department. B is informed that for new product time study is conducted on him, to affect the labor time standard B deliberately reduce his work pace. It leads to false labor time standards for new product. But the company is unaware about the B’s action.
To identify: the beneficiaries and harmed.
(b)
To identify: an ethical issue.
(c)
To identify: the possible action to obtain valid data.
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Chapter 25 Solutions
Accounting Principles - Standalone book
- 1.3 1.2.5 za When using a computerised accounting system, the paper work will be reduced in the organisation. Calculate the omitting figures: Enter only the answer next to the question number (1.3.1-1.3.5) in the NOTE. Round off to TWO decimals. VAT report of Comfy shoes as at 30 April 2021 OUTPUT TAX INPUT TAX NETT TAX Tax Gross Tax(15%) Gross (15%) Standard 75 614,04 1.3.1 Capital 1.3.2 9 893,36 94 924,94 Tax (15%) 1.3.3 Gross 484 782,70 75 849,08 -9 893,36 -75 849,08 Bad Debts TOTAL 1.3.4 4 400,00 1 922,27 14 737,42 -1 348,36 1.3.5 (5 x 2) (10arrow_forwardNonearrow_forwardWhat was her capital gains yield? General accountingarrow_forward
- L.L. Bean operates two factories that produce its popular Bean boots (also known as "duck boots") in its home state of Maine. Since L.L. Bean prides itself on manufacturing its boots in Maine and not outsourcing, backorders for its boots can be high. In 2014, L.L. Bean sold about 450,000 pairs of the boots. At one point during 2014, it had a backorder level of about 100,000 pairs of boots. L.L. Bean can manufacture about 2,200 pairs of its duck boots each day with its factories running 24/7. In 2015, L.L. Bean expects to sell more than 500,000 pairs of its duck boots. As of late November 2015, the backorder quantity for Bean Boots was estimated to be about 50,000 pairs. Question:arrow_forwardWhat was her capital gains yield?arrow_forwardneed help this questionsarrow_forward
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