When Investment Is Less Than Planned Investment, Aggregate Planned Expenditure

question 379

Multiple Choice

When investment is less than planned investment, aggregate planned expenditure is ________ than actual aggregate expenditure and inventories are ________ than planned.

• A) greater; greater
• B) greater; less
• C) less; greater
• D) less; less

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Definitions:

Time Tickets

Documents used to record the amount of a worker's time spent on each job, which can be used for payroll, cost accounting, and project management.

Job Cost Sheets

A record used to compile the costs associated with a specific job or project, tracking direct labor, materials, and overhead.

Telephone Cable

A wire or fiber that is used for telecommunications by transmitting voice and data signals.

Direct Materials

Raw materials that are directly traceable to the manufacturing of a specific product and considered a part of its cost.