Instructions for the Following Question(s)

question 43

Essay

Instructions for the following question(s)
For the Variables line, write the numbers 1 to 4. To the right of the four numbers, write the four variables. To the left of the four numbers, write the answers to each variable from the Leadership Decision Making model that represents the style to use based on the variable. Fill in the Leadership Style and Action Taken lines with the appropriate answers.
Variables:
Leadership Style:
Action Taken:
-Leadership: Decision Making. You are being promoted from a supervisory job to a middle-management position in two weeks. You have been given the authority to hire your replacement from your department before moving on. You have two fairly equal candidates who want to be promoted to management.

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Definitions:

Direct Labor Time Variance

The difference between the actual time taken to produce a good or service and the expected time, multiplied by the standard labor rate.

Direct Materials Quantity Variance

A measure of the difference between the actual quantity of materials used in production and the standard expected quantity.

Direct Labor Time Variance

The difference between the actual time taken to manufacture a product and the standard time expected, multiplied by the wage rate.

Direct Labor Time Variance

The difference between the estimated time for production and the actual time taken, multiplied by the wage rate.