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Goal Definition and Communication - Behavioural Aspects of Standards
Goal Definition
The desired goals should be clearly defined to individuals, departments and the organization like a whole. It clears confusion and sets a direction for the entire organization. Cleary defined goals, agreed upon via and accepted via the individuals concerned, will encourage goal congruence and raise motivation.
Communication
The process of communication, across and among the layers in the organization, is a serious element of all control systems. Standard costing, like a performance control systems, is not an exception. Frequent, up to date and exact feedback of information to employees and managers regarding their performance has a motivating effect. It specifies areas whether improvement is needed as like to achieve the desired objectives. Communication makes employees feel like their also contribution in the organization is significant.
The following data is available regarding costs and units: Observation Machine-hours Total Operating Costs January 4,000 $45,900 February 5,000 52,500 March 3,400 44,025 April 4,40
Budgeted direct labour cost 75000 hours @ $16 per hour Budgeted manufacturing overhead 80 000 hours @ $17.50 per hour Actual direct labour cost $997 500 Budgeted manufa
Smith Corp. has determined that its contribution margin, (P - MC)/P, is 40%. A recent market research study found the following relationship between adverting outlays and sales rev
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What are the journal entries to recognize each of the below events. a. The firm records bad debt expense of 5% of credit sales, which were $300. The firm uses the Percentage
The following is a summary of a cash book for the year ended 31 April 2012 Payments $ Receipts $
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