All categories

3 years ago

The best time to establish reasonable controls is when they are first needed during the project.

1 answer:

3 0

The best to establish reasonable control in the project is at the start of the project but not when they are first needed during the project.

As we can keep a control or keep some standards at initial stages but now when required. This would then provide best results rather than keeping controls when needed in the project to keep the time saved mostly.

Hence the statement is false.

You might be interested in

Which reasons can be fixed by having a money plan?

enyata [817]

Answer:

The given question relates to budgeting. In simple words, budgeting helps one to set up a saving schedule for thier finances, it means that people still have sufficient funds for the items they need and activities which are valuable to them. The expenditure or savings strategy will either keep you free of trouble or assist you get this out of debt if you're already in debt.

8 0

2 years ago

Real Cool produces two different models of air conditioners. The company produces the mechanical systems in their components dep

brilliants [131]

Answer:

1. Plantwide Overhead Rate $ 220.06 per machine hour

Total Cost per Unit= Model 145 $ 555.96 per unit

Total cost per unit = Model 212 $ 616.94 per unit

Profit (loss) Model 145 219.04

Loss Model 212 (26.94)

Explanation:

Real Cool

Process Activity Overhead Cost Driver Quantity

Components

Changeover $452,000 Number of batches 750

Machining 300,200 Machine hours 7,640

Setups 229,000 Number of setups 40

$981,200

Finishing

Welding $180,100 Welding hours 3,600

Inspecting 231,000 Number of inspections 850

Rework 81,250 Rework orders 210

$472,350

Support

Purchasing $136,500 Purchase orders 480

Providing space 30,300 Number of units 4,500

Providing utilities 50,910 Number of units 4,500

$227,710

Additional production information concerning its two product lines follows.

Model 145 Model 212

Units produced 1,500 3,000

Welding hours 1,400 2,200

Batches 375 375

Number of inspections 610 340

Machine hours 2,290 6,350

Setups 20 20

Rework orders 80 130

Purchase orders 320 160

We find the plantwide overhead rate by dividing the total overhead with the total machine hours.

1. Plantwide Overhead Rate= Total Factory Overhead/ Total Machine Hours

Plantwide Overhead Rate= $981,200+ $472,350+$227,710/7640

= 1681260/7640= $ 220.06 per machine hour

We multiply the machine hours of each model to get the overhead .

2. Cost of Model 145

Materials and Labor = $220 *1500= $330,000

Overhead = $220.06 *2290= $503,937.4

Total Cost = $83,3937.4

Total Cost per Unit= $83,3937.4/1500= $ 555.96 per unit

Cost Of Model 212

Materials and Labor = $150 *3000= $ 450,000

Overhead = $220.06 *6350= $ 1400,810

Total Cost = $ 1850810

Total cost per unit = $ 1850810/ 3000= $ 616.94 per unit

We find the profit or loss by subtracting the mfg cost from the market value.

3. Model 145 Model 212

Market Price $775 $590

Manufacturing Cost ($555.96) ($616.94)

Profit (loss) 219.04 (26.94)

6 0

3 years ago

All of the following are good choices to search for potential scholarships except:

Nastasia [14]

D. your state department of K-12 education (APEX)

3 0

3 years ago

Read 2 more answers

What is the price of a stock today if it pays a Dividend TODAY of $2. Its growth rate is 5%, and its market return is 12%?

Nutka1998 [239]

Answer:

$30.00

Explanation:

The price of the stock can be derived from the stock theoretical price formula given and explained below:

stock price=expected dividend/(market return-growth rate)

expected dividend=dividend paid today*(1+growth rate)

expected dividend=$2*(1+5%)

expected dividend=$2.10

market rate of return=12%

growth rate=5%

stock price=$2.10/(12%-5%)

stock price=$2.10/7%

stock price=$30.00

8 0

2 years ago

The term "spreading the financial statements" refers to __________

wolverine [178]

Answer:

The correct answer is letter "B": creating common-size financial statements.

Explanation:

In financial accounting, the phrase "spreading the financial statements" equals recording the common-size financial statement. By this, information is displayed in the Balance Sheet as a percentage of a common base figure. The common-size statement typically uses total sales revenue as the common base.

5 0

3 years ago