Costs that the manager does not have the power to determine or at least significantly affect are:
A) Variable costs.
B) Uncontrollable costs.
C) Indirect costs.
D) Direct costs.
E) Joint costs.
B) Uncontrollable costs.
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To compute departmental gross profit, it is necessary to determine the net sales, purchases, and inventory by departments
a. True b. False Indicate whether the statement is true or false
Scammers often use their victim's ethnic identity to gain their trust and then steal their life savings. This is an example of:
a. vendor fraud. b. affinity fraud. c. embezzlement. d. occupational fraud.
A company purchased 500 units for $40 each on January 31. It purchased 200 units for $35 each on February 28. It sold a total of 200 units for $50 each from March 1 through December 31. If the company uses the weighted-average inventory costing method, calculate the cost of ending inventory on December 31. (Assume that the company uses a perpetual inventory system. Round any intermediate calculations two decimal places, and your final answer to the nearest dollar.)
A) $27,000 B) $19,285 C) $7,715 D) $18,750
Answer the following statements true (T) or false (F)
1. The work breakdown structure identifies the individual work packages necessary to accomplish the project. 2. The time-phased budget enables the project team to determine when budgeted money is likely to be spent on completion of tasks. 3. The project’s baseline is the standard against which we compare project performance, project cost, and project schedule. 4. Unlike the standard S-curve evaluation, the EVM variance is meaningful because it is based not simply on the budget spent but on value earned. 5. The work breakdown structure identifies the human and material resources assigned to the project.