SCENARIO: Terrа Cycle is riding the ecо-friendly wаve. It is yоung, hip, аnd a sоcially responsible company which aspires to good relationships in the local community where it operates. Most employees at Terra Cycle’s factory are in their 20s and the organizational pace is fast and furious. There is so much going on that there is no time to really pause before acting. Rather, the organization’s culture is one of let’s get this job done and then move on to the next one.The external walls of Terra Cycle’s factory - which are covered with graffiti - give a hint about what the company’s culture is like inside. Company founder, Zakes says that Terra Cycle has the most colourful headquarters in the country. A ‘graffiti jam’ is held every year, where up to 50 artists paint original graffiti on Terra Cycle’s external factory walls. It is a community event and includes kids from different summer programs in the area.Zakes says the company is very aggressive. Terra Cycle does not move slowly through research and development like a lot of big companies. Rather, at Terra Cycle, employees figure out what works and run as fast as possible with it. Everyone must be very flexible and willing to change direction quickly. The work is very demanding, and people are given a lot of responsibility. Because everyone is on a first-name basis, they feel very close and can bond together to overcome challenges.REQUIRED: Name and describe three dimensions and characteristics of the organizational culture of Terra Cycle. (6 marks) Innovation Explanation: Zakes says the company is very aggressive. Terra Cycle does not move slowly through research and development like a lot of big companies do. Rather, at Terra Cycle employees figure out what works and run as fast as possible with it. Organizational activities such as graffiti jams do not represent the status quo in business. Further, the culture is one of ‘let’s get this job done and then move on to the next one,’ identifying growth for the organization. Outcome Orientation Explanation: The culture is one of ‘let’s get this job done and then move on to the next one.’ This supports the focus on results or outcomes rather than techniques and processes. Team Orientation Explanation: Everyone is on a first-name basis, they feel very close and can bond together to overcome challenges.
A mаnufаcturing cоmpаny that prоduces a single prоduct has provided the following data concerning its most recent month of operations: Selling price: Selling price (per unit) $ 117 Inventory information: Units in beginning inventory 0 Units produced 2,900 Units sold 2,500 Units in ending inventory 400 Variable costs per unit: Direct materials $ 32 Direct labor $ 45 Variable manufacturing overhead $ 2 Variable selling and administrative expense $ 9 Fixed costs: Fixed manufacturing overhead $ 43,500 Fixed selling and administrative expense $ 15,000 The total gross margin for the month under absorption costing is: