An Organization Must Identify What It Wants to Do and How

question 86

Multiple Choice

An organization must identify what it wants to do and how it is going to do it.What does the "what" part of this question focus on?

• A)Justification of the project
• B)Definition of the project
• C)Expected results of the project
• D)All of the above

---

Definitions:

Manufacturing Overhead-Applied

The allocation of estimated manufacturing overhead costs to individual products or job orders based on a predetermined rate.

Direct Labor Hours

The sum of hours spent by workers directly partaking in the creation of goods or provision of services.

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead costs to individual products or activities based on estimated costs and activity levels.