As Part of Her Job as a Stock Clerk,Breanna Is

question 35

Multiple Choice

As part of her job as a stock clerk,Breanna is required to take inventory to identify items to be restocked.At the beginning of each quarter,Breanna and her manager set a goal for reducing the amount of time it takes to get items restocked.This quarter,her goal is to reduce the time by 10 percent.At the end of the period,Breanna will review her numbers with her manager.If she has reduced the restock times by 10 percent,she will receive a raise.Breanna's performance appraisal is done using the ______ method.

• A)critical incidents
• B)management by objectives
• C)ranking
• D)behavioral anchored rating

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Definitions:

Absorption Costing

An accounting method that includes all manufacturing costs (direct materials, direct labor, and overhead) in the cost of a product.

Common Fixed Costs

Costs that are shared by multiple segments or products of a company and do not change with the volume of production for any single product.

Absorption Costing

Absorption costing is an accounting method where all manufacturing costs (direct materials, direct labor, and both variable and fixed overhead) are included in the cost of a produced unit.

Profits

The financial gain calculated by subtracting total expenses from total revenue.