The Steps in the Control Process Are

question 6

Multiple Choice

The steps in the control process are:

• A)Establishing standards,measuring performance,evaluating performance,and taking corrective action
• B)Establishing standards,evaluating performance,comparing,and taking corrective action
• C)Measuring performance,comparing,evaluating actual performance,and taking corrective action
• D)Establishing standards,evaluating performance,measuring performance,and confirming appropriate standards
• E)Establishing standards of performance,then measuring,comparing,and evaluating actual performance

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Definitions:

Machine-Hours

A measure of the amount of time a machine is operated, used in allocating manufacturing costs based on machine usage.

Underapplied Overhead

A condition where the allocated manufacturing overhead costs are less than the actual overhead costs incurred.

Overapplied Overhead

A situation where the allocated manufacturing overhead cost exceeds the actual overhead incurred.

Direct Labor-Hours

Cumulative hours employees commit to the process of manufacturing.