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dolphi86 [110]
3 years ago
14

Which of the following roles is typically associated with the project manager? ​ a. assigned by the performing organization to l

ead the team that is responsible for achieving the project objectives b. a senior manager serving in a formal role, given authority and responsibility for successful completion of a project c. supports projects by mentoring, training and assisting teams and facilitating sharing of resources and methodologies d. an ongoing manager of the organization with with responsibility for a department or division
Business
1 answer:
DochEvi [55]3 years ago
3 0

Answer:

The role typically associated with the project manager is that he is assigned by the performing organization to lead the team that is responsible for achieving the project objectives - option A

Explanation:

One who is a professional in the field of project management is known as a project manager. He has the responsibility of the planning, procurement and execution of a project, in any undertaking that has a defined scope, defined start and a defined finish; irrespective of the type of industry.

The project manager is responsible for ensuring that everyone on the project team knows and executes his or her role, feels empowered and supported in the role, knows the roles of the other team members and acts upon the belief that those roles will be performed.

The specific responsibilities of the project manager varies depending on the industry, the company size.

However, some responsibilities that are common to all project managers include:

  • Developing the project plans
  • Managing the project stakeholders
  • Managing communication
  • Managing the project team
  • Managing the project risks
  • Managing the project budget
  • Managing the project conflicts
  • Contract administration
  • Managing the project schedule

Thus, the role typically associated with the project manager is that he is assigned by the performing organization to lead the team that is responsible for achieving the project objectives - option A

All the other options are incorrect.

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Exercise 15-8

1. Raw materials purchases for cash.

Raw Materials $210,000 (debit)

Cash $210,000 (credit)

2. Direct materials usage.

Work In Process : Indirect Materials $186,000 (debit)

Raw Materials $186,000 (credit)

3. Indirect materials usage.

Work In Process : Direct Materials $15,000 (debit)

Raw Materials $15,000 (credit)

Exercise 15-9

1. Direct labor usage.

Work In Process : Direct Labor $265,000 (debit)

Salaries and Wages Payable $265,000 (credit)

2. Indirect labor usage.

Work In Process : Indirect Labor $80,000 (debit)

Salaries and Wages Payable $80,000 (credit)

3. Total payroll paid in cash.

Salaries and Wages Payable :  $345,000 (debit)

Cash  $345,000 (credit)

Explanation:

Raw Materials - T Account (To determine the Materials Transferred to Production)

Debit

Opening Balance                                                 $ 43,000

Add Purchases                                                    $210,000

Totals                                                                   $253,000

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Closing Balance                                                   $ 52,000

Transferred to Production (Balancing figure)    $201,000

Totals                                                                   $253,000

Thus, Direct Materials = $201,000 - 15,000 = $186,000

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