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Labor costs of an auto mechanic are seldom based on actual hours worked. (Many of us realize this when we have serviced our automobiles). Instead, the amount paid a mechanic is based on an industry average of time estimated to complete a repair job. The repair shop bills the customer for the industry average amount of time at the repair center’s billable cost per hour. This means a customer can pay, for example, $120 for two hours if work on the car when the actual time was only one hour. Many experienced mechanics can complete repair job faster than the industry average. The average data are compiled by engineering studies and surveys conducted in the auto repair business. Assume that you, as the auto shop’s accountant, are asked to complete such a survey for a repair center. The survey calls for objective input, and many questions require detailed cost data and analysis. The mechanics and owners know you have the survey and encourage you to complete it in a way that increases the average billable hours for repair work. For this discussion, describe the direct labor analysis you would undertake to complete this survey and why you would take that particular approach to gathering data.
then drawing the diagram of the factory and finding the maximum rate at which the market can be served if all valves were set to maximum. What happens to the system over time?
Design a proposed contract for an independent contractor's position. Focus on illustrate what agreement should address. Do not worry about legal language as agreement would be reviewed by a labour attorney prior to its adoption for use.
List at least FOUR sources you will use to obtain information about the firm’s strengths, weaknesses, opportunities, and threats. Discuss what categories of the SWOT elements of information are readily available on the Internet. What categories of da..
1. What is corporate-level strategy? (give examples to illustrate your answer). Why is it important? 2. Explain the levels of diversification firms can pursue by using different corporate-level strategies? ( give examples)
A manufacturing firm has struggled recently with high staff turnover in the factory. The wage level is similar to the competitors in the local area, with staff being paid an hourly rate but, no other monetary incentives are offered by the firm. What ..
a. Compute the mean drying time. b. Using these random numbers, simulate the drying time for 12 processes. .33, .09, .19, .81, .12, .88, .53, .95, .77, .61, .91, .47 c. What is the average drying time for the 10 processes you simulated?
Stanley Harris, traffic manager of This n’ That Manufacturers, is considering the negotiations of a freight-all-kind (FAK) rate for shipment between Atlanta and Lansing. Should Mr. Harris accept a FAK rate of $10 per hundredweight? What factors aside..
You are working for a small company that has developed an operating system for PCs that is faster and more stable than Microsoft’s Windows operating system. What strategies might the com- pany pursue to unseat Windows and establish its own operating ..
categorize the five common characteristics of high quality information and rank them in order of importance to carnival cruise.
Analyze BPs efforts to improve sustainability. Do you think they are sufficient, or does the company need to do more?
This solution discussed the similarities and differences between operations and supply chain management. You have been asked to develop a short presentation on comparing and contrasting operations management to supply chain management.
What are at least two legal and political factors that can create misunderstanding and conflict when opening a foreign operation.
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