The most popular and easiest tool for both scheduling and tracking the project flow is ________
A) Microsoft Project
B) the critical path method (CPM)
C) a Gantt chart
D) PERT
C
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Indicate whether the statement is true or false
Closing entries are entered directly on to the work sheet
Indicate whether the statement is true or false
Triangle Catering assigns overhead to specific jobs based on direct labor hours. At the beginning of the current year, estimated overhead costs were $650,000 and estimated direct labor hours were 50,000. By the end of the year, actual overhead costs
were calculated to be $685,000 and actual direct labor hours were 55,000. Required: A. Calculate the predetermined overhead rate. B. How much overhead would be applied to a particular catering job that required 45 direct labor hours? C. How much total overhead was applied during the year? D. By how much was overhead over- or underapplied for the year? Be sure to indicate whether it was over- or underapplied.
An entrepreneurial strategy has three key stages-the generation of a new entry opportunity, the exploitation of a new entry opportunity, and a feedback loop back to the first stage.
Answer the following statement true (T) or false (F)