Answer:
Profit earned=$21,000
Explanation:
Manufacturing Cost total=direct material +direct manufacturing+ Total Manufacturing overhead
Direct Material=$3500
Direct manufacturing =$2800
Total Manufacturing overhead=(($2800/12)*18)
Total Manufacturing overhead=$4200
Manufacturing Cost total=$3500+$2800+$4200
Manufacturing Cost total=$10,500
Profit earned=($11,000-$10,500)*42
Profit earned=$21,000
Non Programmed decisions are used for unique and ill-structured situations of organization; both internal and external. Mostly Lower level managers makes Programmed decision
Answer:
A) developmental purpose
Explanation:
when performance management is for developmental purposes, it is used to provide performance feedback, identify employee's individual strengths and weaknesses, recognize individual training needs to improve employees, reinforce authority structure, improving communication, and provide a forum for leaders to coach employees.
when performance management is for administrative purpose, it is used to consider various types of personnel decisions, such as: transfers, layoffs, identifying poor performance, demotions, recruitment and terminations.
<h2>Estimated losses on the overall contract are recognized before the contract is completed. </h2>
Explanation:
Revenue recognition cannot be done prior to the completion of contract.
But the asset can be created. Only after the contract gets completed the revenue recognition can be realized.
For a long-term project, the revenue can be recognized based on the percentage of completion.
Revenue recognition keeps financial transactions aligned.
Option A: valid
Option B Invalid, because expenses are also recognized
Option C: This process is acceptable.
Option D: Gains and profits are calculated in this type of method
