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nikdorinn [45]
2 years ago
12

Once the project schedule and project budget are approved they become the _____ Group of answer choices project plan derivative

plan schedule plan baseline plan actual plan
Business
1 answer:
MissTica2 years ago
3 0

Once the project schedule and project budget are approved they become the baseline plan. This is further explained below.

<h3>What is the baseline plan?</h3>

Generally,  Project management baselines are the established points from which further planning is done.

In conclusion, As soon as the project timeline and budget are greenlit, they constitute the foundation of the project.

Read more about baseline plan

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Victryl Company applies overhead based on direct labor hours. At the beginning of the year, Victryl estimates overhead to be $70
fenix001 [56]

Answer:

The answer is: The overhead variance was $1,700 and it was overapplied

Explanation:

Victryl's estimated overhead cost per labor hour was:

$700,000 / 35,000 = $20 per labor hour

If during February, Victryl had 5,000 direct labor hours, then its estimated cost should have been: $20 x 5,000 = $100,000 estimated overhead cost

The actual overhead cost was $98,300, which is $1,700 less than the estimated cost.

8 0
3 years ago
Cost of goods manufactured $68,250 Direct materials used 27,000 Direct labor incurred 25,000 Work in process inventory, January
lara [203]

Answer:

Correct answer is a.$13,500.

Explanation:

To calculate work in process ending inventory we will add opening balance of work in process to all cost transferred to work in process during the period. The cost of good manufactured is subtracted from it. Cost of good manufactured become part of finished good inventory. Detail calculation is given below.

WIP opening balance              $ 11,000

Direct Material                         $ 27,000

Direct Labour                           $ 25,000

FOH                                          $ 18,750  (75%* 25,000)

Cost of goods manufactured  ($68,250)

WIP ending balance                 $ 13,500

7 0
3 years ago
im supposed to ask at least 20 people this question . so what is tge highest price that you are willing to pay for a haircut
liraira [26]
40 dollars if a new haircut 10 for a tape up or fix up.
6 0
4 years ago
A certain town in the Midwest obtains all of its electricity from one​ company, Northstar Electric. Although the company is a​ m
Phantasy [73]

Answer:

False

Explanation:

Monopoly production will lead to a lower output at a higher price compared to the competitive production sice a smaller amount of service is produced and sold at a higher price. So it doesn't make sense to charge a monopoly price.

4 0
4 years ago
Mills Corporation acquired as a long-term investment $250 million of 8% bonds, dated July 1, on July 1, 2021. Company management
user100 [1]

Answer:

A. 07.01.2021

Dr Investment in Bonds A/c 250

Dr Premium on Bond Investment A/c 40

Cr Cash 290

12.31.2021

Dr Cash 10

Cr Premium on Bonds 1.3

Cr Interest Revenue 8.7

B. $251.3

C. Jan-02

Dr Fair Value Adjustment 30

Cr Unrealised Gain or loss 30

Jan-02

Dr Cash 300

Cr Premium on Bonds A/c 38.7

Cr Gain On sale of Investment or Profit on sale of Investments 11.3

Cr Investment in Bonds A/c 250

Explanation:

a. Preparation of the journal entry to record Mills'investment in the bonds on July 1, 2021 and interest on December 31, 2021, at the effective market) rate.

07.01.2021

Dr Investment in Bonds A/c 250

Dr Premium on Bond Investment A/c 40

(290-250)

Cr Cash 290

(Being To record investments in Bonds)

12.31.2021

Dr Cash 10

[(8%/2)* 250] semiannually

Cr Premium on Bonds 1.3

(10-8.7)

Cr Interest Revenue 8.7

[(6%/2)* 290] semiannually

(Being To record Interest)

b. Calculation for At what amount will Mills report its investment in the December 31, 2021, balance sheet

Book Value 290

Add:Premium on Bonds ( -40+1.3) -38.7

Amount to be reported 251.3

(290-38.7)

Therefore the Amount to be reported in Balance sheet will be Book Value of the amount of 251.3

c. Preparation of the journal entry to record the sale.

Jan-02

Dr Fair Value Adjustment 30

Cr Unrealised Gain or loss 30

(300-270)

Jan-02

Dr Cash 300

Cr Premium on Bonds A/c 38.7

(40-1.3)

Cr Gain On sale of Investment or Profit on sale of Investments 11.3

[300-(250+38.7)]

Cr Investment in Bonds A/c 250

(Being To record the sale)

6 0
3 years ago
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