Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

This is a case Study Question and only requires a breif short answer, Thanks for the help :) Case Study College Products is a division

This is a case Study Question and only requires a breif short answer, Thanks for the help :)

image text in transcribed

Case Study College Products is a division of a large manufacturing company. The company makes s variety of collegiate branded products, sold on campuses worldwide. Most employees are paid on en Hourly basis. Employees receive yearly reviews to evaluate performance and to determine sn appropriate pay incressQ College's payroll is processed by the corporate payroll department from input documents prepared bv College The following HR and payroll procedures are related to the hourly payroll employees at College. Department supervisors initiate requests far additional employees by filling out a three-part employe requisition form. After s requisition is completed, the department supervisor signs it files s copy by date, and gives the remaining two copies to the production supervisor The production supervisor reviews and signs the copies and gives them to the HR manager The HR manager reviews the request with the division controller Thev both sign the requisition. The rete for the job also is determined st that time and included on the requisition. If the requisition is approved. the HR manager initiates hiring procedures placing advertisements in local papers and ennouncing the opening internallv The HR manager and the supervisor interview the applicants together. They then evaluate the applicants and glegticm The HR manager and the employee fill out the two-part end deduction form The HR manager files s copy ofthe wage and deduction form and the personnel requisition by employee name. The remaining copies of each form are given to the division accountant _ The HR manager selects and reviews the records from the personnel file for employees who are due for their annual review. The HR menager puts same basic employee information on three-part review farm and gives it to the appropriate supervisor for evslusticrm The supervisor completes and signs the form, files copy, and gives the remaining copies to the production supervisor, who reviews and signs the evaluation. The production supervisor returns it to the HR manager. The HR manager reviews it With the controller They assign a new rate and sign the review form, which is given to the division accountant _ The division accountant uses the new employee information and the employee review form to prepare payroll action notices. The accountant signs the psvroll action notices and files them with the other related forms bv date. Each week, s clerk in the corporate payroll department retrieves the payroll forms from the division accountant, checks the signature on ell payroll action notices, and processes the payroll. The forms, checks, and reports are sent back to the division accountant The division accountant refiles the forms and gives the checks to the production supervisor, who in turn distributes them to the employees. Question: Alan Harrison has been recently appointed as the CEO of "College ProdtKts _ Three days after his appointrnent, he met with all middle managers and announced that College Products has to adopt a cost leadership strategy. All managers (including the HR manager) have been asked to come up with a plan in their department to adopt this strategy.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Financial Accounting

Authors: Richard Baker, Valdean Lembke, Thomas King, Cynthia Jeffrey

8th Edition

73526916, 978-0073526911

More Books

Students also viewed these Accounting questions

Question

Speak clearly and distinctly with moderate energy

Answered: 1 week ago

Question

Get married, do not wait for me

Answered: 1 week ago

Question

Do not pay him, wait until I come

Answered: 1 week ago