In the Early 1900s, Which of the Following Did Key

question 55

Multiple Choice

In the early 1900s, which of the following did key management theorists focus?

• A) money and profit margins
• B) efficiency and productivity
• C) effectiveness and profit
• D) profit and efficiency

---

Definitions:

Overapplied Manufacturing Overhead

A situation where the estimated manufacturing overhead costs are more than the actual overhead costs incurred.

Underapplied Manufacturing Overhead

The amount by which the actual manufacturing overhead costs exceed the applied manufacturing overhead costs for a period.

Cost of Goods Sold

Direct expenditures involved in producing the merchandise a company sells, covering materials and labor.

Underapplied Manufacturing Overhead

Happens when the budgeted costs for manufacturing overhead are lower than the overhead expenses actually experienced.