question 14
Multiple Choice
Answer the following questions using the information below:
Hugo, owner of Automated Fabric, Inc., is interested in using the reciprocal allocation method. The following data from operations were collected for analysis:
Budgeted manufacturing overhead costs:
Maintenance Personnel Weaving Colorizing M (Support Dept) P (Support Dept) W (Weaving Dept) C (Colorizing Dept) $300,000$160,000$650,000$350,000
Services fumished: By Maintenance (bud geted labor-hours) : to Personnel to Weaving to Colorizing By Personnel (Number of employees serviced) : Plant Maintenance Weaving Colorizing 1,0007,0004,000103020
-What is the complete reciprocated cost of the Maintenance Department?
Understand the concept of social loafing, its forms, and strategies to prevent it within a group setting.
Distinguish among different types of reward allocation norms and their implications on organizational fairness and motivation.
Analyze the role of intrinsic motivation in countering social loafing and promoting individual effort in team settings.
Examine the challenges and conflicts arising from organizational roles and expectations.
Definitions:
Specific Receivable
A receivable account that is clearly identified and attributed to a specific source, such as an individual customer or entity.
Net Income
The total earnings of a company after all expenses and taxes have been subtracted from revenue.
Maturity Date
The predetermined date on which a financial instrument, such as a loan or bond, is due to be repaid in full.
Promissory Note
A financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.