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Hunter-Best [27]
1 year ago
9

A ________ is considered a planned activity to achieve a specific business objective.

Business
1 answer:
Nuetrik [128]1 year ago
5 0

A <u>project</u> is considered a planned activity to achieve a specific business objective.

Simply positioned, a project is a series of duties that need to be completed to reach a selected final result. A project can also be described as a fixed of inputs and outputs required to reap a selected purpose. Projects can range from simple to complicated and can be managed through one character or a hundred.

Project work is work that specializes in completing an assignment. venture paintings usually entail quite a few assets - time, human beings, and substances - and beginners' preparation more than a few competencies and language systems. A set of juvenile inexperienced person paintings on a task to expand a sequence of posters on how to defend the surroundings.

A project is a temporary undertaking with a starting and ending closing date this is made for growing some kind of tangible or intangible consequences. Many interrelated tasks are protected in a venture which is pre-planned and accomplished periodically beneath certain conditions related to value, excellence, and performance degree.

Learn more about assets here brainly.com/question/25746199

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Answer:

The amount of revenue to be recognized at 31st March is $383500

Explanation:

The revenue amount that should be recognized in the income statement as at March 31,2020 is the  sales price of $365000 plus three months of installation fee since installation is expected to last six months and three months have passed since installation began.

Hence, the amount of revenue as at 31st March is calculated thus:

Sales price                                                                     $365000

Installation fee for 3 months(3/6*$37000)                   <u>$18500</u>

Total revenue as at 31st March                                    $ 383,500

The rationale behind this is that revenue is only recognized when the seller has discharged his or her obligation under the contract not when cash is received and it is very clear that installation has been undertaken for 3 out of 6 months

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Session Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-ho
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Answer:

$6,765

Explanation:

The total cost for job K913 is given by the sum of the costs with manufacturing overhead (fixed and variable), direct materials (M) and direct labor (L).

Since the company uses a predetermined overhead rate based on direct labor-hours, the overhead cost for job K913 is:

O = F+V\\O=\frac{150*\$511,000}{70,000} +150*\$2.10\\O=\$1,410

The total cost for the job is:

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The total job cost for Job K913 is closest to $6,765.

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