What Are Tangible Benefits

question 274

Multiple Choice

What are tangible benefits?

• A)difficult to quantify or measure
• B)easy to quantify and typically measured to determine the success or failure of a project
• C)the measure of the tangible and intangible benefits of an information system
• D)periodic reviews of actual performance versus expected performance

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Definitions:

Markup

The addition to the cost price of items to include overhead expenses and profits.

Total Job Cost

The complete cost associated with a specific job or project, including materials, labor, overhead, and any other costs directly related to the project.

Job M825

A specific designation for a job or project, often used within a job-order costing system to track costs and progress.

Predetermined Overhead Rate

A calculated rate used to estimate the manufacturing overhead cost for a particular job or production process, calculated before costs are incurred.