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jenyasd209 [6]
3 years ago
9

The ____ section of the project scope document is where the contractor or project team can state and clarify exactly what is inc

luded in the work scope and provide an opportunity to reconsider items that are not stated but that the customer may have forgotten to include in her requirements or RFP.
Business
1 answer:
MA_775_DIABLO [31]3 years ago
6 0

The<u><em> statement of work </em></u>section of the project scope document is where the contractor or project team can state and clarify exactly what is included in the work scope and provide an opportunity to reconsider items that are not stated but that the customer may have forgotten to include in her requirements or RFP.

I hope this helps :)

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Kay Company budgets overhead cost of $4,104,000 for the next year. The company uses direct labor hours as its overhead allocatio
Kobotan [32]

Based on the fact that Kay Company will use direct labor hours as its overhead allocation base, the overhead for a product with 5 labor hours is $228.

<h3>What is the overhead assigned to the product?</h3>

This can be found as:

= Total overhead cost / Number of labor hours x Product labor hours

Solving gives:

= 4,104,000 / 90,000 x 5

= 45.6 x 5

= $228

Find out more on assigning overhead costs at brainly.com/question/22812280.

#SPJ1

3 0
2 years ago
Any point inside a production possibilities curve is:_____.
Anika [276]

Answer:

c

Explanation:

4 0
2 years ago
You have agreed to paint your neighbor's house a lovely shade of chartreuse for $1500 and discover much to your dismay that the
Maslowich

Answer:

fixed price contract

Explanation:

Based on the information provided within the question it can be said that the neighbor most likely transferred risk with a fixed price contract. This refers to a contract that whose price is fixed at a set amount which does not depend on resources or time spent to complete the contract. Therefore it does not matter how much time or money the painter has to spend on tools, he must complete by the terms of the contract for the $1500 that were agreed upon.

4 0
2 years ago
Bank of America’s _____________ provides information such as its interest expense, or the interest the bank paid depositors, and
OleMash [197]

Answer:

3. income statement

Explanation:

Bank of America’s income statement provides information such as its interest expense, or the interest the bank paid depositors, and its interest income, or the interest it earned by investing deposits over a period of time. This document also states the bank’s other revenues and expenses for the time period.

5 0
3 years ago
Damon Industries manufactures 30,000 components per year. The manufacturing costs of the components was determined as follows:
Oksanka [162]

Answer:

The correct answer is:

$19,000 decrease (a)

Explanation:

To calculate this, we have to calculate the total cost involved, when the product was manufactured and when it was purchased and calculate the difference in cost.

Note also that when calculating cost for manufacturing, you do not add fixed overhead costs because they are not costs associated with the direct manufacture of a product, rather, they are costs associated with the day to day running of the business, example here may be the electricity used in the factory.

Total manufacturing cost ($);

Direct materials =           150,000

Direct labor        =           170,000  

variable overhead =         70,000

Total                   =           $390,000

Total purchase cost ($)

1 component = $14

∴ 30,000 components = 30,000 × 14 = 420,000

if the facilities are rented out for $11,000, Damon could use the money for the purchase too, therefore effective cost for purchase;

= 420,000 - 11, 0000 = $409,000.

Now finding the difference between the two costs;

cost of purchase       = $ 409,000

Cost of manufacture = $ 390,000

difference                  = $19,000

since the cost of purchase of the components is more than the cost of manufacturing by $19,000, it means that the operating profits will reduce by  $19,000 if Damon chooses to purchase the components

8 0
3 years ago
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