$1,333 - $1,200 = $133
Your gain was: $133
Answer:
Risk management planning
Explanation:
Business organizations sometimes find themselves in trouble inspite of a carefully planned project.this is due to unexpected turn of events in and around the business.business organisarions ,therefore employ and execute project risk management to counter attack potential risk.the important aspect of risk management is risk maangemnt planning.risk maangemnt planning not only identify potential problems but also analyse their behavior.they help to take remedial actions to prevent risks and minimize unexpected avoidable risks.
Each of five transactions can be defined as follows:
a) Authorization for use of materials (both direct and indirect).
b) Work used in the factory (both direct and indirect).
c) Factory over-the-counter application to employment.
d) Fulfilled jobs.
e) Goods selling costs.
Following are the description of the transaction:
For a)
- A document which the manufacturing company prepares to ask for materials they need to finish production is a material requirement.
- It is also a material request or materials requirements document.
- The document the requester will retain a copy of the form, just as do the warehouse personnel.
For b)
- The plant system is a production process utilizing machinery & manpower divisions.
- Due to the increasing price of capital for machinery & building, facilities often belonged privately to rich workers who've worked on the job.
For c)
- The overhead manufacturing costs are added or applied to each work during the manufacturing process.
- Those costs will be included in the processing costs in conjunction with direct material and direct.
For d)
- Work is finished by the operational and structural completeness of the project/works, the Commissioning has been carried thru in line with technical specs.
For e)
- The direct cost of producing the commodities sold by a corporation is referred to as the costs of the materials and the work required directly to produce the goods is included.
- Indirect spending, such as distribution and sales force expenses, is excluded.
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