Evaluate the use of personnel controls

Assignment Help Managerial Accounting
Reference no: EM132568945

Rick is lead scientist for X Ltd, a pharmaceutical company that is working on a Covid-19 vaccine. Developing a vaccine requires a great deal of trial and error, creativity, and there is no guarantee of project success. Indeed, in more general pharmaceutical production, only about 1 in 10,000 projects are ultimately successful.

Required:

Question (a) The CEO of X Ltd is concerned about Rick's performance on the Covid-19 project, costs are high and there is no guarantee of success. The CEO wants to implement a control system to measure Rick's performance. Evaluate the use of "Action Controls" as part of a control system to assess Rick's performance.

Question (b) The CEO of X Ltd is concerned about Rick's performance on the Covid-19 project, costs are high and there is no guarantee of success. The CEO wants to implement a control system to measure Rick's performance. Evaluate the use of "Personnel Controls" as part of a control system to assess Rick's performance.

Reference no: EM132568945

Questions Cloud

How to complete the flexible budget performance report : Complete the flexible budget performance report that shows both revenue and spending variances and activity variances for the pizzeria.
What is the value of the output : Normal lossesare 20% of input in the process and without further processing, any loss can be sold as a scrap for 30c per kg. What is the value of the output
Eastern and western ethics : Anthropologists have defined culture as a body of learned belief, values, traditions, and guides for behavior sharing among members of a group.
How a topic or idea is communicated through images : Your task is to create a visual essay to explore how a topic or idea is communicated through images. A visual essay is a type of visual analysis that explores.
Evaluate the use of personnel controls : Evaluate the use of "Personnel Controls" as part of a control system to assess Rick's performance. Evaluate the use of "Action Controls" as part of a control
Describe two to three macroeconomic factors : Describe two to three macroeconomic factors that influence interest rates in general. Explain the effects of each factor on interest rates.
Why transfer of sub-frames matters to the manage : Explain whether the transfer price selected for this transfer of sub-frames matters to the manager of the Chassis Division. and why
What is required to satisfy each level of need : What is required to satisfy each level of need? Ways that an employer could meet each level of need to help an employee become self-actualized.
What is rockfords cost of capital : Given an unlimited budget, which project should Rockford accept? Rockford Development has the following mix of financing available Proportion

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Prepare production report under weighted average method

What additional information would you request from managers to confirm that there is no abnormal spoilage and that all spoilage is normal?

  Prepare two contribution statements one showing the results

Prepare two contribution statements, one showing the results of operations if these changes are made. Would you recommend that the company do the sales manager

  Should teal mountain buy the finials

Prepare the incremental analysis for the decision to make or buy the finials. (Enter negative amounts using either a negative sign preceding the number)

  Based on the numbers from your individual project

Based on the numbers from your Individual Project, do you feel that the manager of S&J Plumbing, Incorporated has delivered a good profit margin? Support your argument?

  How are standard costs developed for direct materials

How are standard costs developed for direct materials, direct labor, and manufacturing overhead?

  Explain ways in which striking furs protect itself against

Explain ways in which Striking Furs can protect itself against the losses that would arise from a sudden increase in the foreign exchange rate

  Show an example of june expense items

Show an example of June expense items? N. Keline & Company had the following transactions in June. Using the Matching concept decide

  How much was undercosted per unit

Which product was under-costed using the traditional allocation of manufacturing overhead, and by how much was it undercosted per unit?

  What are the flexible budget amounts of total costs

Best Co. anticipates $175,000 of fixed costs and $137,500 of variable costs. What are the flexible budget amounts of total costs for 20,000 and 30,000 units?

  What the budgeted amount of fixed costs would be

$88,000, fixed costs of $32,000, and operating income of $140,800. Based on this information, the budgeted amount of fixed costs for 18,000 units would be

  Find the optimum number of units to be produced in one batch

A manufacturing company sells its products directly to customers and operates 5 days a week, 52 weeks a year. The production department of this company can produce at the rate of 60 units per day.

  What is the company operating income using variable costing

Last month, the company produced 5,000 units and sold 3,000 units. What is the company's operating income using variable costing?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd