ACC 100 Lecture : Chapter 5 MHR.docx

48 views9 pages

raspberryraccoon563

21 Mar 2012

School

Department

Course

Professor

For unlimited access to Class Notes, a Class+ subscription is required.

Document Summary

The key steps in hrp involve predicting future demand for labor, analyzing the labor supply and planning and implementing hr programs to balance supply and demand. No hrp or poor hrp will lead to high costs when unstaffed positions create costly inefficiencies and when severance pay is required for large numbers of employees being laid off. Hrp proactive is a dynamic process where it expects and influences an organization"s future by determining the demand for and supply of employees under changing conditions and by developing plans and activities to satisfy their needs. Ineffective hr leads to instances where the department is firing employees while another department is hiring employees who possess similar skills which decreases the motivation to work, the productivity and will result in losses. Ineffective hr planning prevents us from achieving short term operational plans and/or long range strategic plans.

Related Questions

Korvanis Corporation operates a Medical Services Department forits employees. Charges to the companyâs operating departments forthe variable costs of the Medical Services Department are based onthe actual number of employees in each department. Charges for thefixed costs of the Medical Services Department are based on thelong-run average number of employees in each operating department.Variable Medical Services Department costs are budgeted at $58 peremployee. Fixed Medical Services Department costs are budgeted at$619,000 per year. Actual Medical Services Department costs for themost recent year were $106,800 for variable costs and $624,000 forfixed costs. Data concerning employees in the three operatingdepartments follow: Cutting Milling Assembly Budgeted number ofemployees 616 287 905 Actual number of employees for the mostrecent year 516 387 805 Long-run average number of employees 990660 1,650 Required: 1. Determine the Medical Services Departmentcharges for the year to each of the operating departmentsâCutting,Milling, and Assembly. 2. How much, if any, of the actual MedicalServices Department costs for the year should not be charged to theoperating departments?

plummule973

The rapid rise in demand for IMs pianos means that more manufacturing employees will be needed. How many new employees will be needed and where will these additional employees come from? Traditionally, Ivory Melodies has promoted from within and provided ample training for its employees who were interested in moving around/up in the company. There is a strong desire to continue this tradition, but given the surge in demand for pianos, management is unsure if their current manufacturing employees will be ready fast enough to be promoted when needed. At the beginning of last year, the manufacturing employees were all in one of four jobs as follows: 300 employees were Assembler Iâs, 200 employees were Assembler IIâs, 30 employees were Assembling Supervisors and 70 employees were Quality Control Specialists. By the end of the year, 23% of the Assembler Iâs were promoted to Assembler IIâs, 20% of the Assembler Iâs left the company, and 5% were promote to Quality Control Specialists. At the end of the year, 10% of the Assembler IIâs were promoted to Assembling Supervisors, 10% left the organization, 5% were demoted to Assembler Iâs, and 3% became Quality Control Specialists. At the end of the year, 40% of the Assembling Supervisors had left the company, 5% had been demoted to Assembler II, and 10% of them became Quality Control Specialists. Finally, at the end of the year, 8% of the Quality Control Specialists had left the organization, 10% had become Assembling Supervisors, and 20% had become Assembler IIâs. To adequately address the higher demand for pianos, it is predicted that in 2018 the company will need 40% more employees in both the Assembler I and Assembler II jobs, 20% more employees in the Assembling Supervisor job, and 33% more employees in the Quality Control Specialist job than it had in 2017. If previous trends in internal employee movement continue, what can you say about the firmâs ability to use its internal promotion ladder to meet this additional demand? Will Ivory Melodies have enough employees moving into each job category internally to cover these predicted increases in headcount or not? If not, then how many employees will they need to hire externally in each of these jobs?

sangriabadger765

Question 4: Service department costallocation

Inns Battery Company has two service departments: Maintenanceand Personnel. Maintenance Department costs are allocated on thebasis of budgeted maintenance-hours. Personnel Department costs areallocated based on the number of employees. Data on budgetedmaintenance-hours and number of employees are as follows:

	Support Departments		Production Departments
	Maintenance Department	Personnel Department	A	B
Budgeted costs	$180,000	$30,000	$80,000	$120,000
Budgeted maintenance-hours	n/a	240	720	240
Number of employees	20	n/a	60	120

Required:

4a. Using the direct method, determine the amount of supportdepartment costs to be allocated to Production Department A.

4b. Using the step-down method, determine the amount ofMaintenance Department costs to be allocated to ProductionDepartment A, if the service department with the highest percentageof interdepartmental support service is allocated first.

4c. Using the reciprocal method, determine the amount ofmaintenance department costs to be allocated to ProductionDepartment A (round up to nearest dollar).

4d. List and explain two possible reasons why a manager mightprefer that budgeted rather than actual cost-allocation rates beused when cost is being allocated to his/her department fromanother department. Use the textbook and/or other relevantresources to support your answer.

turquoisedeer344

ACC 100 Lecture : Chapter 5 MHR.docx

Document Summary

Get access

Related Documents

MHR 405 Chapter 5: MHR chapter 5

ECO244Y5 : Week 15

BU354 Lecture Notes - Lecture 2: Dependent And Independent Variables, Nominal Group Technique, Severance Package

Related Questions