When Work Packages Are Integrated with Organizational Units, a Control

question 25

Multiple Choice

When work packages are integrated with organizational units, a control point is created called a

• A) responsibility matrix.
• B) priority matrix.
• C) work package.
• D) cost account.
• E) project overlap.

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Definitions:

Labor Costs

The total sum of all wages paid to employees, as well as the cost of employee benefits and payroll taxes incurred by an employer.

Manufacturing Overhead

All indirect costs associated with the manufacturing process, including but not limited to utilities, maintenance, and salaries of supervisory personnel.

Manufacturing Inventories

Manufacturing inventories consist of raw materials, work-in-process items, and finished goods that are held by a company in the course of producing its products.

Work-In-Process

Items that are in production but are not yet completed; represents one of the stages in the inventory of a manufacturing company.