In Order to Track Their Progress,Sharon's Team Developed a Chart

question 36

Multiple Choice

In order to track their progress,Sharon's team developed a chart to track all the planned activities in order to identify how well they were progressing and point out any delays or deviations.This chart,which includes a listing of all the activities with columns for planned and actual schedules,is referred to as a:

• A) PERT chart.
• B) Grading chart.
• C) Gantt chart.
• D) Tracking chart.

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Definitions:

Contribution Margin

The amount remaining from sales revenue after variable costs have been deducted, indicating how much revenue contributes to covering fixed costs.

Variable Selling Expense

Expenses that fluctuate in direct proportion to sales volume, including commissions and freight fees.

Fixed Manufacturing Overhead

Expenses related to manufacturing that remain constant regardless of the number of units produced, including property taxes and rent for factory buildings.

Direct Labour

The work performed by individuals directly involved in the manufacturing of products or providing services, whose costs are directly attributable to the products or services.