Identify each of the purposes of project scheduling
What will be an ideal response?
Project scheduling shows the relationship of each activity to others and to the whole project. It identifies the precedence relationship among activities. It encourages the setting of realistic time and cost estimates for each activity. It helps make better use of people, money, and material resources by identifying critical bottlenecks in the project.
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Using the definition of leadership as stated in the text--“Leadership is a process whereby an individual influences a group of individuals to achieve a common goal”--create an example where a leader uses and demonstrates each component effectively. Clearly explain and show how each component is present in your example. Use examples from the text to support your claims.
What will be an ideal response?
Shank Corporation uses a different depreciation method for its income tax return than it does for its income statement. Consequently, the corporation has a credit balance in its Deferred Income Taxes account. This balance should be classified as a
a. current asset. b. long-term liability. c. current liability. d. long-term asset.
The Comprehensive Environmental Response, Compensation, and Liability Act is commonly called the Superfund
Indicate whether the statement is true or false
Piechocki Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During May, the company budgeted for 6000 units, but its actual level of activity was 5950 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for May:Data used in budgeting: Fixed element per monthVariable element per unitRevenue - $33.50? Direct labor$0? $5.50?Direct materials 0? 13.10?Manufacturing overhead 30,000? 1.00?Selling and administrative expenses 24,800? 0.20?Total expenses$54,800? $19.80??Actual results for May: Revenue$200,050?Direct labor$32,500?Direct materials$80,100?Manufacturing
overhead$40,000?Selling and administrative expenses$30,400?The activity variance for direct labor in May would be closest to: A. $275 U B. $500 F C. $275 F D. $500 U