Overstaffed is "having more members of staff than are necessary" and overhired is "hiring too many employees".
Answer:
These costs are called overhead cost.
Explanation:
Costs that are incurred as part of the manufacturing process but are not clearly associated with specific units of product or batches of production, including all manufacturing costs other than direct material and direct labor costs, are called overhead cost. These costs can not be associated with specific product so they are allocated to product cost based on estimation.
These cost include accounting fees, advertising, depreciation expense insurance, interest, legal fees, labor burden, rent, repairs, supplies, taxes, telephone bills, travel expenditures, and utilities
These costs are futher divided in two categories that is variable overhead cost and fixed overhead cost.
Answer:
Thee jounal entry for January 1 of Messing Company is done below.
Explanation:
3.5% * 4000 = 140
Date Account Titles Dr Cr
Jan 1 Cash $3,860
Credit Card Expense 140
Sales Revenue 4,000
Answer:
b. helps identify the variable within a project that presents the greatest forecasting risk.
Explanation:
Sensitivity analysis refer to the financial model that measures how the variable i.e. target one should be impacted and depend on the change in the other variable that we called as an input variable
In this, it would help to identify the variable that lies within the project and provide the high risk of forecasting
Therefore the option b is correct
