The overhead cost applied to a job during a period is recorded with a credit to Factory Overhead and a debit to:

A) Jobs Overhead Expense.
B) Cost of Goods Sold.
C) Finished Goods Inventory.
D) Indirect Labor.
E) Work in Process Inventory.


E) Work in Process Inventory.

Business

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A budget that includes a 12-month planning period at all times is called a ____ budget

a. pro forma b. flexible c. master d. continuous

Business

A case study published in which of the following would provide a firm with the greatest MPR value?

A) company Web site B) firm brochure C) newspaper D) white paper E) blogoshpere

Business

Which of the following describes ‘a naturally occurring and evolving collection of people who together engage in particular kinds of activity, and who come to develop and share ways of doing things – ways of talking, beliefs, values, and practices – as a result of their joint involvement in that activity’ (Galagan, 1993: 33):

a. communities of practice b. communities of experience c. high-performance work teams d. knowledge hives

Business

A project has four activities. Activity A has no predecessors and a duration of 1 week. Activity B has Activity A as its predecessor and a duration of 4 weeks. Activity C has Activity A as its predecessor and a duration of 3 weeks. Activity D has activities B and C as its predecessors and a duration of 2 weeks. What is the length of critical path for this project?

a. 4 b. 5 c. 7 d. Cannot be determined from the information given

Business