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Aleks [24]
2 years ago
12

The project scope statement should reference supporting documents, such as product specifications that will affect what products

are produced or purchased, or corporate policies, which might affect how products or services are produced. True False
Business
1 answer:
marta [7]2 years ago
6 0

Answer:

true

Explanation:

A project scope or project scope statement can be defined as a tool for describing the expectations of a project. These expectations include the product specification, the type of products to be produced, what is needed to produce the product, corporate policies, etc.

The project scope statement helps the firm/organization to understand the entirety of the project/product to be undergone/produced.

A project scope statement also shows the limitations or boundaries surrounding the project as well as what possibilities are available within and outside the scope.

cheers.

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Jorgansen Lighting, Inc., manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing
bogdanovich [222]

Answer:

a.Year 1 = $277,440,   Year 2 =  $280,280,  Year 3 = $272,560

b.i. Inventory Increased in year 4

b.ii $12,500 deferred in inventory

Explanation:

<u>Absorption Costing  Income for Year 1, Year 2, Year 3</u>

<em>Hint: Reconcile the Variable Costing Income to Absorption Costing Income</em>

                                                         Year 1            Year 2         Year 3

Variable Costing Income             $300,000    $269,000     $250,000

Add Closing Inventory                    $90,240      $101,520      $124,080

Less Opening Inventory               ($112,800)     ($90,240)     ($101,520)

Absorption Costing Income         $277,440     $280,280      $272,560

Here we are adding and subtracting the fixed manufacturing overhead in closing and opening inventory.

This is because difference in Variable Costing Income and  Absorption Costing Income lies within fixed manufacturing costs included in inventory.

Inventory Increased in year 4

Inventory deferred in Inventory = $261,600 - $249,100

                                                        = $12,500

4 0
2 years ago
Which spreadsheet type will determine how well a business has done over the past year?
Scilla [17]
A profit and loss statement<span> will determine how well a business has done over the past year.The profit and loss statement is a financial statement which shows revenue, costs and all expenses that happened during a said period of time. Most companies do this quarterly or yearly. </span>
8 0
2 years ago
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An entrepreneur has purchased a gym franchise and been very disappointed in the results. The franchise has not earned what the e
katovenus [111]

She would sell the gym and open a yoga franchise

5 0
2 years ago
Denti-Way Systems, a manufacturer of dental appliances, invented and patented a new x-ray machine that radically reduced mainten
Ronch [10]

Answer:

The correct answer is letter "C": international.

Explanation:

International business strategies are the systems used to plan and implement a series of actions driven to compete and place a company in the international market. The process implies analyzing and evaluating the target market, implementing the organization's operations abroad using innovative technology and strategies, and monitoring the results. At this stage, firms tend not to be worried about production costs until the entry of competitors.

7 0
2 years ago
Klamath Corp. produces two products: saws and drills. Three activities are used in their manufacture. These activities and their
slega [8]

<u>Solution and Explanation:</u>

Answer 1 <u>Calculation of activity rate is as follows: </u>

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= $200000 / 10000 = $20 machine hour

<u>Assembly</u> = Budgeted costs divided by Labor hour

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<u>Setup</u> = Budgeted costs divided by setup

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Answer 2 <u>Overhead cost per unit = Total overhead cost divided by total units produced .</u>

\text { Saws }=(((4000 * \$ 20)+(7000 * \$ 20)+(3 * 2000)) / 500

Saws = $452 per unit  

\text { Drills }=(((6000 * \$ 20)+(13000 * \$ 20)+(12 * 2000)) / 600

Drills = $673 per unit

5 0
2 years ago
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