Divya Is the HR Manager of a Manufacturing Firm

question 38

Multiple Choice

Divya is the HR manager of a manufacturing firm. What step should she advise management to take first to forecast its human resources needs?

• A) Project turnover of non-managerial workers based on turnover that has occurred over the previous three years
• B) Project the sales for each of the firm's products and estimate quality and nature of employees needed
• C) Create a replacement chart by first deciding which current employees will likely not stay with the firm
• D) Project the sales for each of the firm's products and calculate the volume of production needed to meet sales requirements
• E) Develop a staffing table that matches market potential and forecasted sales against new levels of competition

Recognize the significance of tracking processing costs separately for materials, labor, and manufacturing overhead in a processing system.

Identify the components of conversion costs in a manufacturing setting.

Distinguish between the FIFO and weighted-average methods in process costing for tracking costs.

Comprehend how production reports accumulate costs and account for units in process costing.

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Definitions:

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