A contractor submitting a weekly report on work done to date would be providing the client with
A) a progress report.
B) a compliance report.
C) a justification report.
D) a periodic operating report.
E) a position paper.
Answer: A
Explanation: A) A progress report is an update on how well the company is doing with regard to specific goals, targets, and deadlines. Progress reports can be simple or comprehensive. A comprehensive progress report would feature extensive data showing how targets and goals are being met (or not met).
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Comans Corporation has two production departments, Milling and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Milling Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: MillingCustomizingMachine-hours 18,000 13,000Direct labor-hours 4,000 7,000Total fixed manufacturing overhead cost$113,400$64,400Variable manufacturing overhead per machine-hour$1.60 Variable manufacturing overhead per direct labor-hour $3.90During the current month the company started and finished Job A319. The following data were
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