Who are the stakeholders involved

Assignment Help Accounting Basics
Reference no: EM13767365

Zink Company manufactures a high-tech component that passes through two production processing departments, Molding and Assembly. Department managers are partially compensated on the basis of units of products completed and transferred out relative to units of product put into production. This was intended as encouragement to be efficient and to minimize waste.

Sara Jones is the department head in the Molding Department, and Frank Smith is her quality control inspector. During the month of June, Sara had three new employees who were not yet technically skilled. As a result, many of the units produced in June had minor molding defects. In order to maintain the department's normal high rate of completion, Sara told Frank to pass through inspection and on to the Assembly Department all units that had defects nondetectable to the human eye. "Company and industry tolerances on this product are too high anyway," says Sara. "Less than 2% of the units we produce are subjected in the market to the stress tolerance we've designed into them. The odds of those 2% being any of this month's units are even less. Anyway, we're saving the company money."

Required:

  1. Who are the stakeholders involved?
  2. What alternatives does Frank have in this situration?
  3. What might the company do to prevent this situation from occurring?

Reference no: EM13767365

Questions Cloud

Accountant for an architectural company : You work as an accountant for an architectural company that desperately needs additional financing to continue in business. Your company's president is meeting with the manager of a local bank at the end of the month to try to obtain this financi..
Draw the uml class diagram for the schoolbus : The declaration for the SchoolBus class. Instances of the SchoolBus class represent school buses of varying sizes. The class provides functions to add and remove students.
How is the product transported to market : what resources are used in making this product? Are environmental or human rights issues involved? are workers paid fairly and justly compensated? how is the product transported to market?
Create a crisis intervention team : Create a Crisis Intervention Team (CIT) proposal for the City of Kelsey based on the Memphis Model. Use the City of Kelsey to obtain the following demographic data: Population and Demographic
Who are the stakeholders involved : Who are the stakeholders involved? What alternatives does Frank have in this situration?
Impact of unpredictable home environment : Balancing the demands of work, parenting, and family is a challenging-but necessary-task for a significant number of American families. When these pressures are not balanced, it can lead to a negative, unpredictable home environment. What impact..
Hospice''s internal quality strengths and quality weaknesses : Analyze the hospice industry for opportunities and threats.
Acceptance of different food and beverages : How has travel expanded our acceptance of different food and beverages? How have scientific and technological advances increased the availability and variety of foods and beverages?
Quality of the product manufactured : What is an appropriate null hypothesis to compare the quality of the product manufactured in the overseas plants and the U.S. plants? Why?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Stallman company took a physical inventory on december 31

stallman company took a physical inventory on december 31 and determined that goods costing 205390 were on hand. not

  Garcia company produces hockey helmets the standard cost

garcia company produces hockey helmets. the standard cost for each helmet is as follows per helmet direct material 5.0

  Using a simple regression approach

Simple Trend-line Regression]: Using a simple regression approach

  Prepare income statement for the year ended december

Prepare an income statement for the year ended December 31,2009. Assume that 11,000 shares of stock are outstanding.

  Cindy neuers regular hourly wage rate is 17 and she

cindy neuers regular hourly wage rate is 17 and she receives an hourly rate of 23 for work in excess of 40 hours.

  An oven with a book value of 67000 has an estimated 5 year

1.quail co. can further process product b to produce product c. product b is currently selling for 60 per pound and

  Compute the amount of phantom profit

Compute the amount of phantom profit that would result if the company used FIFO rather than LIFO.

  Caleb company uses the retail inventory method to determine

caleb company uses the retail inventory method to determine inventory cost for financial reporting purposes. they have

  Ethically dubious conduct please respond to the following

ethically dubious conduct please respond to the following from the case study assess the following items to determine

  Business processes and control

Of all the business processes in the Accounting Information Systems (AIS), which do you think is the hardest to control and why? Be specific in your discussion of internal controls.

  For this discussion assume the role of a business owner who

for this discussion assume the role of a business owner who has to make a decision to raise additional capital. what

  Analysis of all variances

The Winnipeg Chemical Company uses flexible budgets and a standard cost system. Prepare an analysis of all variances

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd