Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Performance management homework 1 - Essay Example

Comments (0) Cite this document
is introducing a system of allocating overheads to its output through the use of predetermined overhead rates. The management accountant has prepared the following estimates of budgeted expenditure for next year.
Overheads are indirect costs associated…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.7% of users find it useful
Performance management homework 1
Read TextPreview

Extract of sample "Performance management homework 1"

Download file to see previous pages To determine this rate, all the machining, assembly, and fabricating direct costs must be multiplied with the multiply of their sum total. This calculation will help in determining or estimating the overhead rates.
Precision Joinery Co. Manufactures high-quality wooden products for the house-building sector, specializing in window-frames, doors and kitchen cabinets. For many years, the company’s costing system has relied on the assumption that direct labor hours were the critical factor in the occurrence of overheads. Accordingly, overheads were allocated to products on the basis of the direct labor hours taken to manufacture each product.
The company’s relationship with its customers has changed in recent years. House-building companies have become more rigorous in their demands in terms of both product design and service support after delivery. The Managing Director of Precision Joinery Co. Has become increasingly disillusioned with the current product costing system, which he believes to be producing costs which do not reflect the change in the market environment initiated by the company’s customers.
Under duress, the Management Accountant has carried out a further examination of available costing information, some of which the Managing Director considers useful in a possible redefinition of the costing system.
The activity based costing or the ABC cost allocation often assigns the manufacturing overhead costs of the products in a highly logical way than the normal or the traditional approach that simply allocates costs on the basis of the machine hours (Armstrong and Baron, 2005; p. 85). The ABC initially assigns costs to activities that really lead to the overhead. After that, it assigns costs to activities or products that are actually demanding the activities. The overall result often maps the miscalculations on the true cost of the manufacturing overhead. Therefore, it is apparent that the ABC ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Performance management homework 1 Essay Example | Topics and Well Written Essays - 750 words”, n.d.)
Performance management homework 1 Essay Example | Topics and Well Written Essays - 750 words. Retrieved from
(Performance Management Homework 1 Essay Example | Topics and Well Written Essays - 750 Words)
Performance Management Homework 1 Essay Example | Topics and Well Written Essays - 750 Words.
“Performance Management Homework 1 Essay Example | Topics and Well Written Essays - 750 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Performance management homework 1

Assignment 1: Performance Management and Organizational Goals

...synergies fall within the pursuit of organizational goals and performance management. Question 1: An Argument Regarding the Relationship between the Two (2) Concepts By definition, performance management refers to activities which promote the consistent meeting of goals in an efficient and effective manner. To this extent, performance management may focus on the performance of an employee, a department, an organization or even the process of building a service, on one hand. On the other hand, organizational goals Are overall objectives, mission and purposes of a business which have been established by...
3 Pages(750 words)Research Paper

Social Performance, Part 1

...of this team. The major role played by this group is ensuring that the company activities are well coordinated as well as running smoothly. One of the major things that the company stakeholders do is engaging in financial transactions with these individuals. The main roles of the primary stakeholders include buying shares into the company, using the products. Apart from the primary stakeholders, the company management also comprises of the Secondary stakeholders (external stakeholders). These persons or groups do not necessarily have direct contact with the business but are affected by the business performance. They include the media, the public, and other companies, which are affected by business...
4 Pages(1000 words)Admission/Application Essay

Classroom management Plan Management Plan: Behavior Direct Instruction a. Goals demonstrate self-direction in any activities. (2)Students will be able to identify and express feelings appropriately when needed. b. Rule 1: Students are not to disrupt school activities or otherwise defy the authority of supervisors, teachers, administrators, school officials, or other school personnel engaged in the performance of their duties. (1) Consequence: Parent notification by teacher. (2) Reinforcement: The attention the child receives may actually serve as a reinforcer which will help students be motivated. c. Rule 2: Harassment is defined as any unwanted behavior from one individual or group...
2 Pages(500 words)Essay

Deviant Behavior Homework Chapter 1

... The Responsibilities of Owning a Gun Illegal firearms caused the death of over 30,000 Americans each year. According to the National Law Enforcement Officers Memorial Fund, the number of officers killed in the line of duty by gunfire increased by 24 % from the year 2008. Let us not forget the accidental shooting of children by firearms that had no place in the homes they were found in. With this information why are Americans not doing more to strengthen the “Brady Bill”? The Brady Bill: Towards Responsible Gun Ownership The Brady law requires individuals to pass a background check before acquiring a gun from a licensed dealer; however ,the guns that were used in the most horrendous incidents were obtained outside... The...
2 Pages(500 words)Essay

Social Performance,Part 1

...Social Performance Alabama Power Company deals with generation, supply, and sale of electri across Alabama It main offices are in Birmingham city. The company is fully owned by southern company electricity suppliers. Alabama Power Company specializes mainly on provision of electricity to retail customers within the Alabama borders. The company through its diverse branches across U.S serves around two million customers in the United State. As of 31st December 2011, the company had a total of 6,632 employees (Atkins, 2006). By last year September 30th Alabama Company had 56,537,500 outstanding shares. Primary stakeholders are the people who stand directly to be affected either positively or negatively by the company’s...
4 Pages(1000 words)Essay

Homework 1

...Regardless of how one understands the Middle East, there are two main questions that help to define the current relationship that the United s experiences with the broad majority of the Arab World. The first of these questions is “Why do they hate us/why do we hate them”. The sad answer to this is that the United States has been on a collision course with the Arab Muslim world for quite some time now. One can even argue that our popular culture demands that we view this entire group of peole with some type of preconceived stereotype that Arab Muslims are bloodthirsty, dangerous, backstabbing, terrorists who cannot be trusted. By much the same token, the United States is viewed with similar incredulity in the Muslim Middle East...
1 Pages(250 words)Assignment

The Most Effective Approaches for Conflict Management

...determine the frequency, intensity, and scope of conflict; where the dimensions include: (1) differences in goals; (2) task interdependence; (3) resource interdependence; (4) incentive and reward system; (5) task ambiguity; (6) differences in personal background and traits; and (7) differences in power and status” [Mar041]. As such, managers have the responsibility to evaluate the root causes of conflicts in the work setting; and be equipped with the knowledge to address and resolve these. If conflicts remain unresolved, chaos would naturally exist. Conflicts within members of a group or among departments would affect the performance and productivity of members; which in turn, would be...
5 Pages(1250 words)Assignment

I Hate Homework. I Assign It Anyway

... teacher. By doing this, she tries to say that she has tried both sides of the issue before coming up with her stand. She manages her risk by providing a detailed explanation of why she considers her argument right. After being into the teaching career for thirteen years, she has raised a son, and she now experiences homework as a teacher and as a parent. She feels bad seeing her little, so Ben stressed up with homework (Lahey retrieved from homework-i-assign-it-anyway/?_php=true&_type=blogs&_php=true&_type=blogs&_r=1>). She now considers the impact homework has to the students before assigning is to them. She says that the homework takes the place of her son’s childhood. When assigning homework... chatrooms all over the world. The writer is very creative in the way she convinces the reader. He knows that elite...
6 Pages(1500 words)Essay

Quantitative Portfolio Management - Homework 1

... Quantitative Portfolio Management – ESCP EUROPE Exercise One Return and Risk for a Portfolio Portfolio Variance and Diversification with numbers Using : Suppose that and = .025 + (.025) Result < 1 ( does not seem to be perfectly correlated). : The mean of portfolio is much lower than the variance of each of the assets on an individual basis (.05). Ex: If = 0, = .025 < var(Asset 1) or var(Asset 2) To the extreme cases of perfect positive () and perfect negative () correlation: This will be variant to the extent of correlation between assets making up the portfolio. Using the assumption that we have two assets (1 and 2) -Assume , E(rP... in...
4 Pages(1000 words)Case Study

Homework 1

... movement decisions. Making documentation for lawful purposes, to help choices and diminish questions. ("The State of Performance Management.") References "Advantages and Disadvantages of Performance Management." Smart Church Management. 24 June 2012. Web. 25 Jan. 2015. performance-management/>. "EXTRACT: Performance Management."The Role of the Manager in Performance Management. Web. 25 Jan. 2015. . Heath field, Susan. "Common Problems With Performance Appraisals." Web. 25 Jan. 2015. performance-appraisal-problems.htm> McNamara, Carter. "Performance Management: Benefits and Concerns."Performance Management: Benefits and Concerns. Web. 25 Jan. 2015. . "The State of Performance Management." 1 July 2007. Web. 25 Jan. 2015. .... Why do most managers avoid performance...
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Performance management homework 1 for FREE!

Contact Us