At hartford manufacturing company production workers in the

Assignment Help Managerial Accounting

Reference no: EM13376998

At Hartford Manufacturing Company, production workers in the Assembly Department are paid on the basis of productivity. The labor time standard for a unit of production is established through periodic time studies conducted by Time Management Consulting. In a time study, the actual time required to complete a specific task by a worker is observed. Allowances are then made for preparation time, rest periods, and clean-up time. Ron Price is one of several veterans in the Assembly Department.

Ron is informed by Time Management that he will be used in the time study for the assembly of a new product. The findings will be the basis for establishing the labor time standard for the next 6 months. During the test, Ron deliberately slows his normal work pace in an effort to obtain a labor time standard that will be easy to meet. Because it is a new product, the Time Management representative who conducted the test is unaware that Ron did not give the test his best effort.

Required:

Who are the stakeholders in this situation? Who is benefited and who is harmed?

Was Ron ethical in the way he performed the time study test?

What measures might the company take to obtain valid data for setting the labor time standard?

Reference no: EM13376998

Questions Cloud

1 which of the following industries is most likely closest : 1. which of the following industries is most likely closest to achieving perfect price discrimination?a. the textbook

Problem 1 identify and describe in your own words any two : problem 1 identify and describe in your own words any two of the major accounting differences between u.s. gaap and

Inc as discussed in the chapter opener uses a costing : inc. as discussed in the chapter opener uses a costing system with standard costs for direct materials direct labor and

Read the chapter opener about marco giannini and his : read the chapter opener about marco giannini and his company dogswell. marco is considering building a new massive

At hartford manufacturing company production workers in the : at hartford manufacturing company production workers in the assembly department are paid on the basis of productivity.

Assume that your companys sales staff provides information : assume that your companys sales staff provides information on expected sales and selling prices for items making up the

1 the quantity demanded isa a contradiction to the law of : 1. the quantity demanded isa. a contradiction to the law of demand.b. an amount per unit of time at a particular price

1 according to the law of demand other things remaining the : 1. according to the law of demand other things remaining the same if the price of a gooda. rises the quantity demand

The purpose of this excise is to have you confirm : the purpose of this excise is to have you confirm empirically the relationship that theoretically should occur among

User Account

All Pages