Answer:
Isn't "corporate entrepreneurship" a contradictory term?
Many people might assume that corporations and entrepreneurs are entirely different, and mostly, they are correct. However, a few companies exemplify an entrepreneurial attitude or attempt to cultivate it. For instance, 3M is renowned for encouraging employees to allocate time for creative endeavors and innovation. Google is another major corporation that fosters such creativity among its workforce.
Do the established organization's traits, like routines and structural systems, enhance productivity while simultaneously stifling entrepreneurial zeal?
Corporate routines and frameworks do not merely stifle, but they effectively eliminate entrepreneurial energy and creativity. A notable illustration of this is found in the film depicting Ford's rivalry at Le Mans, which shows how corporate environments suppress unique thinking and actions.
Is it feasible for a firm to combine the advantages of both approaches?
It might be challenging, but achieving entrepreneurial spirit within a corporation is not out of reach. The hurdle lies in the belief that paying employees to spend time generating ideas is a frivolous expense. Creativity has associated costs, and not every organization is prepared to cover those expenses.
A. The fixed overhead that is deferred in inventories totals $60,000.
Unit product cost
Year 1
Year 2
Direct materials
$12
$12
Direct labor
$5
$5
Variable manufacturing overhead
$5
$5
Fixed overhead
$48
$36
($432,000 ÷ 9,000)
($432,000 ÷ 12,000)
unit product cost
$70
$58
Fixed overhead deferred (1,000 × $48)
$48,000
Fixed overhead released
-$48,000
Fixed overhead deferred (3,000 × $36)
$108,000
Net
$48,000
$60,000.
The fixed overhead deferred in inventories amounts to $60,000.
Answer:
Unfavorable and half the labor efficiency variance.
Explanation:
As described, the variable overhead efficiency variance is deemed favorable when the actual hours worked fall below the standard hours allowed, and unfavorable when they surpass the standard hours allowed for production during that time frame.
Conversely, the variable overhead efficiency variance quantifies the difference between actual hours worked at the standard rate and the standard hours permitted at the standard rate. The standard hours allowed refer to the hours allowed for actual output or production in that period.
Answer:
Mr. Perry is eligible to enroll in Medicare Part D.
Explanation:
The criteria for joining Medicare Part D include anyone enrolled in the following plans:
- Medicare Part A
- Medicare Part B
- Original Medicare
- Medicare Advantage (commonly called Medicare Part C)
Since Mr. Perry already has Medicare Part A, he can sign up for a Part D prescription drug plan without needing to enroll in Part B.
