Answer: Option (B) is correct.
Explanation:
Product costs are the that are incurred during the production of a product. Various costs are involved in this product cost such as direct labor cost, consumable production supplies, direct material, etc. It is calculated by multiplying the cost driver rate to the number of the units of cost driver that are used in the production of each product.
Answer:
The correct answer is option C.
Explanation:
The velocity of money can be defined as the number of times money changes hands. In other words, it represents the number of times, a unit of money is used to purchase goods and services.
It shows the number of times the households and businesses spend money. It indicates how much a unit of currency has been used in a given period of time.
An HR dashboard acts as a monitoring system that shows the key performance indicators (KPI) or metric (a success measure) of an HR department along with the target per indicator and the department's current performance. The performance level may be shown on different periods - ex. daily, weekly, monthly, quarterly -- depending on the nature of the metric being measured (ex # of HR requests received needs to be checked daily, # of attrition may be looked at weekly, # of hires may be checked daily) and the preference of the business unit leader or stakeholders. As it gives periodical information of performance, the leaders can see how they are performing versus the targets, and what areas do they need to work on. It gives them a view of the opportunities for improvement, which they can act on immediately thereby driving a culture of performance.
