Which of the following statements is true about the budgeting process for the beach cleanup project? All cleanup tools will be paid for directly by the budget. Vendor expenses for removing the waste must be in the budget. The scope document is not referred to during the budgeting process. Budgeting for effort includes the cost for all cleanup equipment.
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Which of the following statements is true about the budgeting process for the beach cleanup project?
-
All cleanup tools will be paid for directly by the budget.
-
Vendor expenses for removing the waste must be in the budget.
-
The scope document is not referred to during the budgeting process.
-
Budgeting for effort includes the cost for all cleanup equipment.
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- Human Resource Planning (HRP) is a procedure by which Human Resources are recognised, determined and designed that a company needs in order to achieve both its short-term and long-term demands. There are two types of (HRP): Hard Human Resource Planning and Soft Human Resource Planning. Compare the advantages and disadvantages of hard and soft human resource planning with suitable examples.Magical Toys is a South African toy store chain. The toys are sold in their five stores and from their own Web shop. Each Tuesday, management needs sales reports from last week's activities. Work at the stores is hectic, so usually at least one store fails to deliver the report, making it impossible to sum up the previous week's sales. The reports, sent by email as spreadsheets, sometimes have inconclusive or erroneous data, and following up means that employees are unable to give their full focus to the customers. Some errors in the spreadsheets may also cause the purchasing manager to place unnecessary purchase orders. (a) What are the main issues that Magical Toys faces in the absence of an information system? (b) How could an information system be of help, and what issues can an information system not solve?Job Costing Johnson Inc. is a job-order manufacturing company that uses a predetermined overhead ratebased on direct labor hours to apply overhead to individual jobs. For the current year, estimated direct laborhours are 95,000 and estimated factory overhead is $617,500. The following information is for Septemberof the current year. Job A was completed during September, and Job B was started but not finished.[LO 4-3, 4-4, 4-5]September 1, InventoriesMaterials Inventory $ 7,500Work-in-Process Inventory (All Job A) 31,200Finished Goods Inventory 67,000Material purchases 104,000Direct materials requisitionedJob A 65,000Job B 33,500Direct labor hoursJob A 4,200Job B 3,500Labor costs incurredDirect labor ($8.50/hour) 65,450Indirect labor 13,500Supervisory salaries 6,000Rental costsFactory 7,000Administrative offices 1,800Total equipment depreciation costsFactory 7,500Administrative offices 1,600Indirect materials used 12,000Required1. What is the total cost of Job A?2. What is the total…
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