A Time Log Will Be Most Accurate If

question 19

Multiple Choice

A time log will be most accurate if:

• A) You track time as you go along
• B) You stop and reflect on how you spent your time at least twice a day
• C) You stop and reflect on how you spent your time at the end of each day
• D) You write down how you spend your time in a paper log versus an electronic one

---

Definitions:

Total Costs

The complete accumulation of costs involved in the production, operation, or project completion, encompassing both fixed and variable costs.

Overapplied Overhead

A scenario in which the overhead cost assigned to manufacturing exceeds the overhead cost that was actually incurred.

Net Operating Income

The profit a company generates from its operations, excluding taxes and interest.

Cost of Goods Sold

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