When a Company's Core Competencies Are Superior to Those of Competitors,these

question 51

Multiple Choice

When a company's core competencies are superior to those of competitors,these are known as

• A) resources.
• B) distinctive competencies.
• C) core competencies.
• D) critical success factors.
• E) key performance factors.

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Definitions:

Predetermined Overhead Rate

A calculated figure used for assigning the estimate of manufacturing overhead costs to individual units of production, based on a set rate determined at the beginning of an accounting period.

Direct Materials Cost

The total cost of all the raw materials used in the production of a product or service.

Machine-hours

A measure of the amount of time a machine is operated, used in calculating manufacturing costs and allocating expenses based on machine usage.

Overapplied Overhead

A situation where the allocated or applied manufacturing overhead cost is more than the actual manufacturing overhead cost incurred.