Which of the following provides guidance on how to develop, manage, and control costs throughout the project lifespan?
A) quality management plan
B) cost management plan
C) process improvement plan
D) staffing management plan
B
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The going concern assumption helps solve the
A) matching issue. B) accounting period issue. C) revenue recognition issue. D) continuity issue.
The major differences between activity-based budgeting and traditional budgeting are found in
A) the materials and labor categories. B) the sales and production budgets. C) the cash budget. D) the overhead and selling and administrative categories. E) none of these
Aerotoy Company makes toy airplanes. One plane is an excellent replica of a 737; it sells for $5. Vacation Airlines wants to purchase 12,000 planes at $1.75 each to give to children flying unaccompanied. Costs per plane are as follows: Direct materials $1.00 Direct labor 0.50 Variable overhead 0.10 Fixed overhead 0.90 No variable marketing costs would be incurred. The company is operating
significantly below the maximum productive capacity. No fixed costs are avoidable. However, Vacation Airlines wants its own logo and colors on the planes. The cost of the decals is $0.01 per plane and a special machine costing $1,500 would be required to affix the decals. After the order is complete, the machine would be scrapped. Should the special order be accepted? A) Yes, income will increase by $300 B) Yes, income will increase by $180 C) No, income will decrease by $1,500 D) No, income will decrease by $180 E) It doesn't matter, there will be no change in income
What is meant by the term, carbon footprint?
a. Truck length b. Fuel consumption c. Number of accidents / year d. CO2 emissions