Kathleen Believes She Could Be More Efficient in the Use

question 63

Multiple Choice

Kathleen believes she could be more efficient in the use of her time.To determine where improvements can be made, Kathleen should first:

• A)list long-term objectives.
• B)record time spent on various activities during the day.
• C)list projects that need attention.
• D)assign priorities to unfinished tasks.

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Definitions:

Supplies Cost

The cost associated with materials and items that are consumed or used in the process of producing goods or providing services.

Machine-Hours

A measure of production output or capacity based on the number of hours a machine operates.

Variable Overhead Rate Variance

represents the difference between the actual variable overhead incurred and the standard variable overhead allocated for the actual production achieved.

Manufacturing Overhead

The total of all the indirect costs involved in manufacturing a product, which can include expenses related to equipment maintenance, factory rent, and utilities.