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34kurt
2 years ago
4

The people assigned to your project have high billable rates, and the project budget doesn't provide much of a buffer over your

estimated total project cost. Fortunately, the project finish date has some wiggle room. Which measure of progress is most important to track in this situation?
Business
1 answer:
sergij07 [2.7K]2 years ago
0 0
<h2>Option B: Remaining duration is the right answer</h2>

Explanation:

What are all the possible things which we can do in remaining duration are given below. We need not worry about actual duration or start date. We need to consider the remaining date and give out the best possible.

Call for a meeting and do the following:

Step 1: To identify the pending tasks and the person who is responsible

Step 2: Discuss the reason for delay

Step 3: Explain the current scenario

Step 4: Give tight deadlines and motivate the team to keep up the dates

Step 5: Re-insist on the quality factor

Step 6: Place the responsibility on the team shoulder

Step 7: Ask the team to restart with positive thoughts

Steps to be followed after meeting:

  • Follow up about the dates
  • Follow up on quality
  • Identify the need for hand-holding
  • Motivate throughout

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Before the year began, Mitchell Manufacturing estimated that manufacturing overhead for the year would be $175,500 and that 13,0
masya89 [10]

Answer:

B, 195750

Explanation:

Let's first figure out the manufacturing overhead per direct labor hour

175500/13000= 13.5

So we allocate 13.5 in manufacturing overhead per direct labor hour

Let's the mulitply this by the number of actual direct labor hours

14500*13.5=195750

6 0
2 years ago
Last year Sarah invested money in two accounts. The first account had an interest rate of 2%2% and the second account had an int
postnew [5]

Answer:

the amount invested in first account = $6,100

and, the amount invested in second account = $6,000

Explanation:

Data provided:

Interest rate of first account = 2% = 0.02

Interest rate of second account = 5% = 0.05

Let the amount invested in second account be 'a'

thus,

the amount invested in first account = a + $100

Now,

Interest = principle × interest rate

therefore,

For first account

Interest = ( a + $100 ) × 0.02 = 0.02a + 2

and

for second account = a × 0.05

also,

0.02a + 2 + ( a × 0.05 ) = $422

or

0.07a + 2 = $422

or

0.07a = $420

or

a = $6,000

Hence,

the amount invested in first account = a + $100 = $6,000 + $100 = $6,100

and, the amount invested in second account = a = $6,000

4 0
2 years ago
Smithson Cutting is opening a new line of scissors for supermarket distribution. It estimates its fixed cost to be $ 500.00 and
Margaret [11]

Answer:

a) Break even point in units = 2000 Units

b) Break even point in Dollars = $1500

Explanation:

Break even point is the point of no profit no loss. It is where revenue equals total cost.

a)

To calculate break even point in units, we first need to find out the contribution margin per unit (CM per unit).

CM per unit = Selling price - variable cost = 0.75 - 0.5 = $0.25

The break even point in units = 500 / 0.25 = 2000 units

b) To calculate the break even point in dollars, first we need to calculate the contribution to sales ratio.

Contribution to Sales ratio = 0.25/0.75 = 1/3

Break even in dollars = 500 / (1/3) = $1500

3 0
2 years ago
Williams Company computed its cost per equivalent unit for direct materials to be $2.70 and its cost per equivalent unit for con
Kazeer [188]

Answer:

$1,297,440

Explanation:

The first step is to calculate the cost of direct materials

= 212,000 × 2.70

= $572,400

The next step is to calculate the conversion

= 212,000 × 3.42

= $725,040

Therefore the amount that should be reported in the finished goods inventory can be calculated as follows

= $725,040 + $572,400

= $1,297,440

3 0
1 year ago
A. Performed $8,200 of services on account.
GREYUIT [131]

Answer and Explanation:

The journal entries are as follows:

a.

Accounts receivable 8200  

         To Service revenue  8200

(being services performed on account is recorded)  

b. Cash 5600  

          To Accounts receivable  5600

(Being collections on account is recorded)  

c. Prepaid insurance 1450  

           To Cash  1450

(being cash paid in advance for insurance is recorded)  

d. Accounts payable 400  

            to Cash  400

(Being record payment on account is recorded)  

e. Insurance expense 300  

           To Prepaid insurance  300

(Being  insurance expense is recorded)  

f. Cash 1600  

            to  Unearned revenue  1600

(Being cash received for services to be performed is recorded)  

g. Land 9000  

             To Cash  9000

(Being land purchased for cash is recorded)  

h. Supplies 350  

              To Cash  350

(being supplies purchased for cash is recorded)  

8 0
2 years ago
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