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3 years ago

Why is the monitoring and controlling phase extremely important to the

Business

1 answer:

Hatshy [7]3 years ago

8 0

Answer:

Why is the monitoring and controlling phase extremely important to the

success of the project? It is the only way to ensure that work plan estimates are on track and that early intervention can take place.

Explanation:

Monitoring and controlling phase helps to maintain the earlier estimations and prevent frivolous spending which would affect the entire project

You might be interested in

Nexus Industries uses a standard costing system to apply manufacturing costs to its production process. In May, Nexus anticipat

Mama L [17]

Answer:

$33,700 (Favorable)

Explanation:

Note: Figures are not inputted. The missing figures have been figured out as below.

"Nexus industries uses a standard costing system to apply manufacturing costs to its production process. In May nexus anticipated 2700 units with fixed manufacturing overhead costs allocated at $8.40 per direct labor hour with a standard of 2.5 direct labor hours per unit. In May, actual production was 3400 units and actual fixed manufacturing overhead cost were $23000. What was nexus fixed manufacturing overhead volume variance in May?"

Solution:

Budgeted fixed overhead costs = Units * Direct labor cost * Standard Direct Labor hours per unit

= 2,700 units * $8.40 * 2.5

= 2,700 units * 21

= $56,700

Fixed manufacturing overhead volume variance = Actual fixed overhead cost - Budgeted fixed manufacturing overhead costs

When Actual fixed overhead = $23,000 , Budgeted fixed overhead costs = $56,700

Fixed manufacturing overhead volume variance = $23,000 - $56,700

= $33,700 (Favorable) .

8 0

3 years ago

When comparing the GDP of different countries, two issues immediately arise - currency and population differences. How does one

kykrilka [37]

Answer: Currency is converted to common currency, GDP is divide by population and compare GDP per Capita

Explanation:

GDP is measured in a countries currency. When Comparing a GDP of one country to the GDP of another country currency is converted into a common currency. Currency can be converted using exchange rate. the GDP of one country will then be expressed in the currency of another country using the exchange rate.

Some countries have a high number of population than others, for example China has more people than Mexico. therefore measure GDP and The standard of living between countries GDP will need to be divided by population which will give us GDP per capita which measures the standard of living by showing the GDP per person

7 0

3 years ago

Julio receives utility from consuming food (F) and clothing (C) as given by the utility function . In addition, the price of

AleksandrR [38]

Julio's marginal rate of substitution equals is: 0.38, which is the price of food divided by the price of clothing.

<h3>Marginal rate of substitution</h3>

Using this formula

Marginal rate of substitution=Price of food/Price of clothing

Let plug in the formula

Marginal rate of substitution=$3 per unit/$8 per unit

Marginal rate of substitution=0.375

Marginal rate of substitution=0.38 (Approximately)

Therefore Julio's marginal rate of substitution equals is: 0.38, which is the price of food divided by the price of clothing.

Learn more about marginal rate of substitution here:brainly.com/question/13401044

#SPJ1

6 0

1 year ago

In a _________________________ economy, the individuals and the government share in the economic decision-making process. These

Fantom [35]

Answer:

Mixed economy

Explanation:

There are three types of Economies:

Command Economy:

An economy where price and products are controlled by the government. It is very commonly seen in communist countries, like China or Vietnam.

Free market:

An economy where the government has little to no control. However, a perfect free economy doesn't exist anywhere, and is just a concept.

Mixed Economy:

An economy where the market is controlled by both the people/consumers, and the government. America is a mixed economy. Individuals are allowed to own property with little government intervention. However, the government has a lot more control over other sectors of the market.

So, to answer the your question, because the Mixed economy is controlled by the government and the poeple, it is the answer.

6 0

2 years ago

You estimate you'll need $200,000 per year for 25 years starting on your 65th birthday to live on during your retirement. Today

Rudiy27

Answer:

$66,909

Explanation:

Calculation for How much must each deposit be (rounded to the nearest $10)?

First step is to calculate the PV using financial y

N= 25

PMT= 200,000

FV= 0

i/y= 9

PV= ?

Hence,

PV= 2,141,322

Now let How much must each deposit be by finding the PMT using financial calculator

N= 15

FV= 2,141,322

PV=0

i/y= 9

PMT= ?

Hence,

PMT=$66,909

Therefore How much must each deposit be is $66,909

4 0

3 years ago