Match the Term with Its Definition

question 25

Multiple Choice

Match the term with its definition.
-The types and amounts of resources required to achieve positive profits and cash flows

• A)business model risk
• B)comprehensive plan
• C)cost structures
• D)executive summary (overview)
• E)exit strategy section
• F)key resource requirements
• G)management team section
• H)offering
• I)operations and development plan
• J)pivoting
• K)pro forma statements

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Definitions:

Direct Labor-Hours

The total hours worked by employees directly involved in the production process, used as a basis for assigning labor costs to products.

Predetermined Overhead Rate

An estimated overhead rate used to apply manufacturing overhead costs to products, calculated before the costs are actually incurred.

Manufacturing Overhead

All indirect costs associated with the manufacturing process, such as utilities, rent for the manufacturing facility, and salaries for management, distinct from direct labor and direct materials.

Job-Order Costing

An accounting method used to track the costs associated with producing a specific batch of products or providing a particular service, allocating costs to each job individually.