Those Managers Whose Organizational Function Contributes Directly to the Achievement

question 25

Multiple Choice

Those managers whose organizational function contributes directly to the achievement of organizational objectives have

• A)span of control.
• B)line authority.
• C)responsibility.
• D)staff authority.

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Definitions:

Manufacturing Overhead Applied

The portion of manufacturing overhead costs allocated to each unit of production based on a predetermined rate.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials, labor, and manufacturing overhead.

Underapplied

Refers to a situation where the allocated manufacturing costs are less than the actual manufacturing costs incurred.

Overapplied

A situation in accounting where the allocated manufacturing overhead cost is more than the actual overhead incurred.