Home / Questions / Responsibility report performance evaluation Swimmingly Corp buys raw fish, cooks and pr...
(Responsibility report; performance evaluation) Swimmingly Corp. buys raw fish, cooks and processes it, and then cans it in single-portion containers. The canned fish is sold to several wholesalers, who specialize in providing food to school lunch programs in the northwest United States and western Canada. All processing is conducted in the firm’s highly automated plant in Portland, Oregon. AmirRigera, the production manager, is evaluated on the basis of a comparison of actual costs to standard costs. Only variable costs that Rigera controls are included in the comparison. Fish cost is noncontrollable. Standard costs per pound of fish for 2010follow.
|
Direct labor |
$0.25 |
|
Repairs |
0.05 |
|
Maintenance |
0.30 |
|
Indirect labor |
0.05 |
|
Power |
0.10 |
For 2010, Swimmingly Corp. purchased 2.5 million pounds of fish and canned 1.5 million pounds. There were no beginning or ending inventories of raw, in-process, or canned fish for the year. Actual 2010 costs were:
|
Direct labor |
$300,000 |
|
Repairs |
80,000 |
|
Maintenance |
325,000 |
|
Indirect labor |
77,500 |
|
Power |
157,500 |
a. Prepare a responsibility report for Rigera for 2010.
b. As his supervisor, evaluate Rigera’s performance based on the report in (a).
c. Rigera believes his 2010 performance is so good that he should be considered for immediate promotion to vice president of production operations. Do you agree? Discuss the rationale for your answer.
d. Do you believe that all of the costs shown on Rigera’s responsibility report are truly under his control? Discuss the rationale for your answer.
Jun 24 2020 View more View Less
Dickinson Company has $12,160,000 million in assets. Currently half of these assets are financed with long-term debt at 10.8 percent and half with common stock having a p...
May 22 2018Cougar Plastics Company has been operating for three years. At December 31, 2014, the accounting records reflected the following: During the year 2015, the company had ...
Apr 28 2020If you can not answer this question correctly do not answer the questionThe margin of safety is:the excess of budgeted or actual sales over budgeted or actual variable ex...
Mar 20 2020The marginal revenue product of land is a downward sloping relationship due to the law of diminishing returns.22. A factor of pr...
Dec 11 2019Is the firm making an economic profit or loss? b. Will firms enter or exit this market? c. How would you sketch on the graph and explain what happens to bring this market...
Jun 06 2020a real estate agent is considering changing her cell phone plan. there are 3 plans to choose from, all of which involve a weekly service charge of $20. plan A has a cost ...
May 29 2018. Use the Newton–Raphson method and a four-function calculator (+ − ×÷ operations only) to compute with four significant figure accuracy.2. Find the smallest positive (r...
Jul 27 2020in an internet we change the LAN technology to a new one which layers in the TCP/IP protocol suite need to be changed? >
Apr 18 2020Ventosa Investments. Jamie Rodriguez, a currency trader for Chicago-based Ventosa Investments, uses the following futures quotes on the British pound (£) to speculate on ...
Apr 26 2020The information in the table show the total demand for premium-channel digital cable TV subscriptions in a small urban market. Assume that each digital cable TV operator ...
Jun 06 2018