Standards for Nonmanufacturing Expenses

CodeHead Software Inc. does software development. One important activity in software development is writing software code. The manager of the WordPro Development Team determined that the average software programmer could write 25 lines of code in an hour. The plan for the first week in May called for 4,650 lines of code to be written on the WordPro product. The WordPro Team has five programmers. Each programmer is hired from an employment firm that requires temporary employees to be hired for a minimum of a 40-hour week. Programmers are paid $32.00 per hour. The manager offered a bonus if the team could generate more lines for the week, without overtime. Due to a project emergency, the programmers wrote more code in the first week of May than planned. The actual amount of code written in the first week of May was 5,650 lines, without overtime. As a result, the bonus caused the average programmer's hourly rate to increase to $40.00 per hour during the first week in May.

Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. If an amount is zero, enter "0" and choose "Not applicable" from the dropdown.

Required:

1. If the team generated 4,650 lines of code according to the original plan, what would have been the labor time variance?
$

2. What was the actual labor time variance as a result of generating 5,650 lines of code?
$

3. What was the labor rate variance as a result of the bonus?
$

4. Are there any performance-related issues that the labor time and rate variances fail to consider?

The labor rate and time variances the number of errors in the code from programmer fatigue. A program that has will require significant time for debugging at a later date. Thus, managers the efficiency of doing the work and also the quality of the work.

5. The manager is trying to determine if a better decision would have been to hire a temporary programmer to meet the higher programming demand in the first week of May, rather than paying out the bonus. If another employee was hired from the employment firm, what would have been the labor time variance in the first week?
$

6. Which decision is better, paying the bonus or hiring another programmer?

This is the challenges/impact PDPA 2010 on banking industry.

1. Market Access

The revised Payment Services Directive has resulted in the expansion in the list of activities that payment institutions can carry out. Payment institutions can provide account information for accounts held at other payment service providers. This is weaken the banks market power.

2. Consumer Preferences

Retail consumers now demand to be able to integrate e-commerce, social media and retail payments. There is also an expectation to be able to switch across digital platforms. As banks are subject to myriad compliance obligations as discussed in the previous paragraphs, they are not in a position to offer these facilities to their customers. Due to compliance obligations, banks are forced to invest more on data security and resilience of their systems rather than on User preferences.

3. Evolution of Payments Technology

Payments technology as eidenced by contactless cards, online payments, mobile payments, are increasingly becoming common place. Keeping pace with this rapid evolution will require huge invesrments.

Give ways on how to manage this impact.

Silver Bear Golf (SBG) is a manufacturer of top quality golf clubs with a specialty of putters. Currently, each putter they sell brings in $250 of revenue at a cost of $160. This past year, they sold 1,100 putters and they expect this number to grow each year by 12.5% until this model becomes obsolete after 15 more years. The foreman at the SBG factory recently brought to your attention a new technology that could lower the cost of production. This technology requires an upfront fixed investment of $162,000 and has the capacity to produce all the putters you want to sell per year at a unit cost of $142. There is no increased working capital need due to this new technology, and no value of the machine/technology after 15 years. What is the NPV of investing in the new technology? Ignore taxes and assume a discount rate of 10.0%. (Hint: Think incrementally; the difference between the world without and with this new technology! Also, ignoring taxes will be a big help if you think right. You are strongly encouraged to use a spreadsheet.) (Enter just the number in dollars without the $ sign or a comma and round off decimals to the closest integer, i.e., rounding $30.49 down to $30 and rounding $30.50 up to $31.)

LAW Questions

1. Explain what is collective bargaining what is the benefit of it

2. What is the NLRB?

3.   Is picking lawful? Explain

4. Why is lockout called a "management weapon?"

Numbers 12 and 13 On January 1, 2020, an entity sold a new car at a price of P1,300,000 with production cost of P1,170,000. At the time contract signing, the entity received P130,000 cash and old car as down payment. The entity gave a trade-in allowance of P390,000 to the old car although its fair market value on January 1, 2020 is P650,000. The remaining balance is payable in six equal monthly installments starting February 1, 2020. The buyer religiously paid the monthly installments starting February 1, 2020. However, on June 1, 2020, the buyer defaulted on the monthly installment due which is resulted to the cancellation of the contract of sale and repossession of the subject car. At the date of the repossession, the repossessed car was appraised at a fair value of P169,000. It is the policy of the entity to use installment method to account its credit sales.

12. What is the realized gross profit to be recognized by the entity for the year ended December 31, 2020?

13. What is the loss on repossession to be recognized by the entity for the year ended December 31, 2020?

Mark whether the statement is an example of a directive or a directive with collective sanction. A parent telling their child to clean their room. One person blackmailing another person Asking a server in a restaurant to bring you more napkins. Stating "I do" during marriage vows. The phrase "please stand for the national anthem" before a baseball game The sentence "I will faithfully execute the Office of President of the United States, and will to the best of my ability preserve, protect, and defend the constitution [. . .]"

A supervisor telling an employee to "manage the front desk." A friend asking "Are you going to be around this weekend. I need someone to watch my dog" A. directive B. directive with collective sanction

3- Economics of Innovation and Intellectual Property Rights: - Patents, copyrights, and trademarks - R&D races, digital innovation- regulation of digital platforms.

Please, summarize on 1 page.

What are the important components of an innovative organization? What is the role of leadership in innovation? How would one change the creative climate in an organization? How does one measure innovation?

1. User Access Innovation

a) Define this digital marketing tactic today.

b) Share (what is) the innovation relating to this tactic.

c) How this could be used for marketing in the future?

How would you use financial management to support innovation?  

What are some of the obstacles to innovation that you have encountered? How do you propose to resolve these challenges?