In this video, Steve means that the people who discuss the "buyer for outdoor" and the "buyer for running, are the people who determine the product mix for each of the categories. Product mix is also known as product assortment. The product mix is the total amount of product lines a company offers its customers.
Answer:
D) Project importance is enhanced by setting authority equal to that of functional departments.
Explanation:
A matrix organization is characterized by, multiple command system and overlapping of command, control and behavioral pattern.
Here, temporary project groups are created so as to handle short term projects. Personnel are drawn from functional department and their activities are controlled and coordinated by a project manager.
Once a project is completed, the structure is disbanded and the personnel return to their original departments i.e functional department.
During the project duration, a person is responsible and reports to two bosses, one being the project manager and secondly to the functional boss. Thus, under such a structure exists dual reporting.
Under matrix structure for project management, the project manager is not allowed to use resources exclusively for the project i.e like in project management. Rather, such a manager is required to share resources with the organization.
Answer:
$2,880
Explanation:
Given that,
Total machine-hours = 30,300
Total fixed manufacturing overhead cost = $ 575,700
Variable manufacturing overhead per machine-hour = $ 4.00
For Job T687:
Number of units in the job = 10
Total machine-hours = 30
Direct materials = $730
Direct labor cost = $1,460
Total variable overhead estimated:
= Variable manufacturing overhead per machine-hour × Total machine-hours
= $4 × 30,300
= $121,200
Total overhead estimated:
= Total variable overhead estimated + Total fixed overhead estimated
= $121,200 + $575,700
= $696,900
Predetermined overhead rate:
= Total overhead estimated ÷ Total machine-hours
= $696,900 ÷ 30,300
= $23 per machine hour
Total overhead applied:
= predetermined overhead rate × Total machine hours for Job T687
= $23 × 30
= $690
Total job cost:
= Direct material + Direct labor + Total overhead
= $730 + $1,460 + $690
= $2,880
Answer: Master limited partnership
Explanation:
A master limited partnership also referred to as a MLP, is known as a limited partnership which is publicly traded on an exchange. A Master Limited Partnership tends to combine the tax benefits or advantages from a limited partnership with its liquidity that are the publicly traded securities such as stocks and bonds offer. A MLP tends to pays taxes like every other partnerships, thus by passing profits through to individual, and also accounting for these profits on owner's tax return.
