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Anvisha [2.4K]
3 years ago
6

In a project charter, the _____ describes the project and justifies why the project should be done.

Business
1 answer:
g100num [7]3 years ago
5 0
In the project charter, the Purpose best describes the project provides justification for it.

The purpose is a detailed document which covers the following areas:

1. Reason to undertake the project
2. Project benefits
3. Objectives of the project
4. Problems and constraints of the project
5. Main stakeholders
6. Budget and budget spending authorities
7. A Risk matrix
8. Solutions
9. Items of scope

Overall, the document provides a detailed picture to a project manager.
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Lorenzo Company applies overhead to jobs on the basis of direct materials cost. At year-end, the Work in Process Inventory accou
kotykmax [81]

Answer:

1. Overhead rate = Overhead costs / Direct material costs

Overhead rate = $684,000 / $1,900,000

Overhead rate = 0.36

Overhead rate = 36%

2. How much direct labor cost and overhead cost are assigned to this job?

Total cost of job in process                      $71,000

Less: Overhead applied                            $7,920

          ($22,000 * 36%)

Less: Material cost of job in process        <u>$22,000</u>

Direct labor cost                                        <u>$41,080</u>

Hence, direct labor cost is $41,080 and Overhead cost is $7,920

8 0
3 years ago
Lopez Corporation incurred the following costs while manufacturing its product.
grandymaker [24]

Answer:

$358,150

Explanation:

Cost of goods manufactured is calculated in a Schedule of Manufacturing Costs as follows :

Cost of goods manufactured = Beginning Work In Process + Total Manufacturing Costs - Ending Work In Process

where,

Total Manufacturing Costs :

Materials used in product              $124,260

Depreciation on plant                     $69,650

Property taxes on plant                   $21,750

Labor costs of assembly-line        $120,570

Factory supplies used                     $25,810

Total                                               $362,040

therefore,

Cost of goods manufactured = $13,700 +   $362,040 - $17,590 = $358,150

8 0
3 years ago
Infomercial are _than commercials.
Oksana_A [137]
The answer is D.Shorter
5 0
3 years ago
Read 2 more answers
Tom finds out that his coworker is sharing confidential information with a competitor. What should Tom do to handle the situatio
omeli [17]

i just asked my brother , and he goes to business school at bentley university in massachusetts, he said he was in a similar situation he said that reporting it to your supervisors is the best idea.



your welcome!!

5 0
3 years ago
A licensed _______________ must display his or her license conspicuously in the principal place of business at all times.
creativ13 [48]

Answer:

Broker

Explanation:

A licensed broker must dispaly his or her name boldly in their primary place of business at all times becasue it helps to identify a broker quickly as well as has gives confidence to customers to transact business with them.

Cheers.

3 0
3 years ago
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