<span>What does the project management office do?
Answer:</span>
<span>A project management office,(PMO) is a group or department within a business, agency or enterprise that defines and maintains standards for project management within the organization. </span>
Answer:
a. $1,375
b. $1,240
Explanation:
FIFO method
FIFO assumes that the inventory to arrive first will be sold first. Inventory values depend on earlier purchases
Inventory = 185 x $5 + 75 x $6
= $1,375
LIFO method
LIFO assumes that the inventory to arrive last will be sold first. Inventory values depend on recent purchases
Inventory = 130 x $7 + 55 x $6
= $1,240
Answer and Explanation:
The Journal entry is shown below:-
Work in progress Dr, $24,000
To Manufacturing Overhead $24,000
(Being the overhead assigned is recorded)
For recording this we debited the work in process as it increased the assets and credited the manufacturing overhead for assigning the overhead
Working note
Overhead amount = (Milling Department + Cutting department) × Overhead rate
= (1,800 + 3,000) × $5
= $4,800 × $5
= $24,000
Answer:
Overhead absorption rate
= <u>Budgeted overhead </u> x 100
Budgeted direct labour cost
= <u>$400,000 </u> x 100
$2,000,000
= 20% of direct labour cost
Overhead applied
= 20% x $1,800,000
= $360,000
The balance in the factory overhead account is $360,000 debit
The correct answer is B
Explanation:
In this case, we need to calculate the overhead application rate, which is the ratio of budgeted overhead to budgeted direct labour cost multiplied by 100. Overhead applied is calculated as overhead application rate multiplied by actual direct labour cost.
(1) c. Offers a negative-sounding apology
(2) c. Fails to offer a clear explanation
Explanation:
At the closing part of the letter, a negative sounding apology can demoralize the employees.
Hubert should have offered a well-informed explanation without sounding negative.
The letter can be re-written as follows:
Date: May 10
To: All Employees
From: Anne Leller Manager, Classic Car Restoration Inc.
Subject: Three Shelby Mustangs
You all have to work overtime next week because we must have the three 1965 Shelby Mustangs ready for Bruce Willis, one of our best clients.
We need to make sure to use all original engine parts and add a top-of-the-line clear coat on all three cars.
Additionally, the client purchased the original radios for each car, so we should install those too.
I apologize for any inconvenience, unfortunately, I am unwilling to make exceptions to this request at this point of time. However, you will surely receive an additional bonus for working overtime along with your salary.
