Who is benefited and who is harmed

Assignment Help Managerial Accounting
Reference no: EM13172932

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.

Required:

       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?

Reference no: EM13172932

Questions Cloud

How many radial nodes are present in radial eigenfunction : how many radial nodes are present in the radial eigenfunction associated with the 3p atomic orbital associated with the 3p atomic orbital for hydrogen like atom?
What is the value of temperature change : A student finds that during a reaction, the 150.g of water in the reaction cup warms from 21.0 Celsius to 28.5 degrees Celsius.
State a technician in a large pharmaceutical research firm : As a technician in a large pharmaceutical research firm, you need to produce 350.mL of 1.00 M potassium phosphate buffer solution of pH = 6.87. The pKa of H2PO4- is 7.21.
Calculate the theoretical yield of c2h5cl : Calculate the theoretical yield of C2H5Cl when 123g of C2H6 reacts with 213g of Cl2 , assuming that C2H6 and Cl2 react only to form C2H5Cl and HCl.
Who is benefited and who is harmed : Who are the stakeholders in this situation? Who is benefited and who is harmed and was Ron ethical in the way he performed the time study test?
What is the total work in going from the initial : What is the total work (in joules) in going from the initial to the final state by way of the preceding two steps? What would be the total work if the process were carried out reversibly?
How grams of potassium permanganate are need : How grams of potassium permanganate are need to decolorize one gram of 2-pentene in basic solution.
What is the value of kc for the decomposition : What is the value of Kc for the decomposition of ammonium carbamate into ammonia and carbon dioxide?
State melt snow and ice are sodium choride : Two common substances that are used in the northern U.S. to melt snow and ice are sodium choride (rock salt) and calcium chloride. You have a bag of a substance sold as melting salt

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Create journal entries for each transaction

Create journal entries for each transaction. Using the journal entries as a guide, show whether every transaction would be handled as revenue or an expense using both the cash and accrual by completing the table provided.

  Job costing-process costing-operations costing

How do job costing, operations costing and process costing differ? Give two typical examples of products or organizations for each system.

  Forging department-cost per equivalent units

The following information concerns production in the Forging Department for June. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inven..

  Flexible budgets-design and budget elements

Design and Budget Elements of Proposal Paper Select a proposal type and make a 1050- to 1750-word paper selecting one of following elements in budget proposals:

  Cost and revenue variances of processors ltd

Processors Ltd. uses three different products - X, Y and Z to produce its major product line. Each kg of the raw material costs $2.00 for X, $3.75 for Y and $5.20 for Z.

  Cost management systems-peoria implements

Peoria Implements Company produces farm implements. Peoria is in the process of measuring its manufacturing costs and is particularly interested in the costs of the manufacturing maintenance activity, since maintenance is a significant mixed cost.

  Recognize types of responsibility centers

Recognize types of responsibility centers as a cost center, a profit center, a revenue center or an investment center.

  Determine cost of equipment

Company A purchased equipment for $10,000. Sales tax on the purchase was $500. Other costs incurred were freight charges of $200, repairs of $350 for damage during installation and installation costs for $225. What is the cost of the equipment?

  What products might come out of our r&d activities

What products might come out of our R&D activities. This is a quote from an R&D manager who was asked to justify investment in a major research project based on its expected net present value.

  Cvp analysis-breakeven analysis

JetSet Machinations, Inc. expects to become very successful in manufacture and sales of its fuel-efficient high speed airplane, the S2S-900. This plane will be sold at about $70 million per plane.

  Cost of manufacturing plant

My company plans to build a new manufacturing facility in 14 years. If my company estimates that today's cost is 543,219,876 and the annual inflation is 5%, how much will be the manufacturing plant cost in 14 years?

  Question on mixed costs

Wysocki Company pays its sales force a fixed salary plus a 5% commission on all sales. Explain why sales force costs would be considered a mixed cost.

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