Some managers prefer to use cost rather than market price in controlling transfers between divisions. If cost is to be used, then it should be:
A. standard cost.
B. full cost.
C. variable cost.
D. direct cost.
Answer: A
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Indicate whether the statement is true or false
In a standard cost system, variable overhead is applied
A) using actual direct labor hours B) using budgeted direct labor hours C) using direct labor hours at practical capacity D) using standard direct labor hours E) all of these
Ideally, which report format should be used for a proposal?
a. letter format b. manuscript format with transmittal letter c. memorandum format d. format preferred by the recipient
Which of the following components is typically included in a formal proposal but is optional in an informal proposal?
A) Budget B) Staffing C) Authorization Request D) Abstract or summary