Basis of productivity
Course:- Accounting Basics
Reference No.:- EM13765457

Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Accounting Basics

At Hartford Manufacturing Company, production workers in the Assembly Department are paid on the basis of productivity. The labor time standard for a unit of production is established through periodic time studies conducted by Time Management Consulting. In a time study, the actual time required to complete a specific task by a worker is observed. Allowances are then made for preparation time, rest periods, and clean-up time. Ron Price is one of several veterans in the Assembly Department.

Ron is informed by Time Management that he will be used in the time study for the assembly of a new product. The findings will be the basis for establishing the labor time standard for the next 6 months. During the test, Ron deliberately slows his normal work pace in an effort to obtain a labor time standard that will be easy to meet. Because it is a new product, the Time Management representative who conducted the test is unaware that Ron did not give the test his best effort.


  • Who are the stakeholders in this situation? Who is benefited and who is harmed?  
  • Was Ron ethical in the way he performed the time study test?  
  • What measures might the company take to obtain valid data for setting the labor time standard?

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Accounting Basics) Materials
Please describe the various approaches required by current GAAP standards for reporting changes in accounting principles? Discuss how these approaches may be impacted by the
Before Del had a chance to sell the car it was destroyed in a fire. Unfortunately, there was no insurance on the car. If Del's AGI is $100,000, what is the deductible casual
Aiko, Lani, and Charlie own the 3-Star Partnership, sharing profits and losses 20:50:30. During the current year, 3-Star has total gross income of $500,000 and total allowab
On December 31, 2014, goods in transit to customers, with terms FOB destination, amounted to $2,700 (expected delivery date January 10, 2015). Because the goods had been shi
In your discussion comment and explain operating activities, investing activities, and financing activities. What is the difference between an indirect and a direct cash flo
The notes to Donald's financial statements show that subsequent to 2006 the company will have future minimum lease payments under operating leases of $12,848.1 million.
Calculate Corrigan's ROE as well as the industry average ROE using the DuPont equation. From this analysis, how does Corrigan's financial position compare with the industry
ACCM 4600 Accounting Theory and Contemporary Issues Individual case study Assignment. Read the case study and briefly answer the following questions: What is the purpose of yo