Answer:
False
Explanation:
According to GAAP, if the costs associated with providing accounting information surpass the benefits of obtaining such data, then it should not be reported.
For instance, there might be minimal discrepancies in particular accounts that prevent a balance sheet from being accurate. If the accounting mistake is negligible, such as a few hundred dollars, it isn't practical to have an entire audit team re-examine all financial statements to find the source of the error. An adjusting entry could be utilized to balance the accounts.
Consider a scenario where you, as an auditor, need to verify the physical inventory at a factory, but some supply boxes have been misplaced. Counting all supplies and materials again could take an entire day; however, is it truly worth that time? If the items are highly valuable, then yes, otherwise, if they consist of low-cost components, likely not.
Answer:
Part A:
Required workers=20.833≅21
Part B:
Each worker's productivity=2.0833 parts/hour
Part C:
Multifactor productivity=0.0832 Parts/$
Explanation:
Part A:
Total parts produced =100,000
Workers required= Total parts/(Parts per hour* hours per shift*Total Shifts)
Workers required=20.833≅21
Part B:
Individual worker productivity:
Part C:
Total material costs= $10*100,000=$1,000,000
Capital cost= $100,000
Total labor expenses=
Total labor expenses=$100,800
Multifactor productivity=Total Parts/(Total material costs+capital costs+Total labor expenses)
The Human Resources (HR) Management pathway emphasizes managing a company’s workforce. This includes planning, recruiting, hiring, training, ensuring safety, and fostering employee development.
Emilee need not be concerned with any of these responsibilities since she appointed Alonzo for that role.
