Calculate the Need for Action from the Following Information: Desired

question 121

Multiple Choice

Calculate the need for action from the following information: Desired performance = 800 work units
Actual performance = 580 work units

• A) 1380
• B) 220
• C) 800
• D) 1600
• E) 510

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Definitions:

Bought Supplies

The action of acquiring supplies for a business or personal use, often recorded as an expense.

Equipment

Items of property intended for long-term use in the operation of a business, such as machinery and furniture.

Liability Account

An account representing an obligation or amount owed by a business to others, such as loans, accounts payable, or mortgages.