Lynch Audio Produces Stereo Components for a Major Automotive Stereo

question 18

Essay

Lynch Audio produces stereo components for a major automotive stereo manufacturer.It currently uses the machine hour method of applying factory overhead to production.Information for the previous year follows: During the year,Lynch produced a new product,Super Tweeters,which involved $27,000 of material,3,100 direct labor hours and 4,500 machine hours.
a.Compute the predetermined factory overhead rate.
b.Compute the amount of under- or overapplied factory overhead.
c.Determine the cost of the Super Tweeter job.

Differentiate between the processes of training and development within an organization.

Recognize the importance of stakeholder participation in the organizational learning and improvement process.

Describe the phases involved in the training program model.

Explain the contexts and advantages of on-site but not on-the-job training programs.

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Definitions:

Personal Ethics

An individual's set of moral beliefs and principles that guide their behavior and decision-making.

Organizational Culture

The collection of values, expectations, and practices that guide and inform the actions of all team members within an organization.

FSGO Guidelines

Federal Sentencing Guidelines for Organizations; a set of rules designed to mitigate corporate crime by encouraging businesses to implement effective compliance and ethics programs.

Ethics Officers

Professionals within organizations responsible for developing, implementing, and overseeing policies that ensure ethical behavior and compliance with legal standards.