Suppose You Are a Manager and Ask Yourself the Question

question 3

Multiple Choice

Suppose you are a manager and ask yourself the question, 'Do I do any tasks that are urgent, but not important?' What you are really asking is:

• A) 'Which tasks are important?'
• B) 'What important activities and tasks do I take on?'
• C) 'Could I delegate any of these tasks?'
• D) 'Could I complete these tasks more effectively by doing them earlier?'
• E) 'Why should these tasks be done at all?'

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Definitions:

Predetermined Overhead Rate

An estimated overhead rate used to allocate manufacturing overhead costs to products or job orders, based on a selected activity base.

Casting Department

A department within a manufacturing facility where molten materials are poured into molds to create product components.

Machine-Hours

Machine-hours are a measure of the amount of time machines are in operation, used to allocate manufacturing overhead costs in cost accounting.

Departmental Predetermined Rates

are overhead rates calculated for each department based on estimated costs and activity, used to allocate manufacturing overhead more accurately.