Data for a Factory -
Open-Book Accounting Is a Management Accounting Technique with the

question 23

Multiple Choice

Data for a factory
$\begin{array}{ll}\text { Total factory cost } & £ 10,000 \\\text { Total time au ailable on key resource (hours) } & 2,500 \\\text { Contribution per unit product A } & £ 34.00 \\\text { Contribution per unit product B } & £ 30.00 \\\text { Contribution per unit product C } & £ 22.00 \\\text { Contribution per unit product D } & £ 20.00 \\\text { Hours required product A } & 12.0 \\\text { Hours required product B } & 6.0 \\\text { Hours required product C } & 6.0 \\\text { Hours required product D } & 8.0\end{array}$

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Open-book accounting is a management accounting technique with the following important supply chain implications

• A)Progressive cost cuts are required from suppliers
• B)Enables JIT supply and purchasing based on knowledge of suppliers
• C)Sharing of cost and output data enables benefits of partnership sourcing
• D)Synchronisation of production plans

Understand the purpose and process of job evaluations within organizations.

Identify methods and practices to achieve pay equity.

Recognize different job evaluation methods and their specific applications.

Comprehend the importance and methods of conducting job analysis.

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Definitions:

Homogeneity

The quality or state of being homogeneous; having uniform structure or composition throughout.

Unity

Unity refers to the state of being united or joined as a whole, especially among individuals or groups that may have diverse backgrounds or beliefs.

Misrepresented

Incorrectly or misleadingly represented, often resulting in a false or skewed understanding of a person, group, or issue.

A Possessive

A grammatical construct used to indicate ownership, belonging, or origin, typically formed by adding 's or just an apostrophe after the owner noun.