When a Manager at a Software Company Is Determining Whether

question 6

Multiple Choice

When a manager at a software company is determining whether to hire more full-time programmers or possibly more temporary ones, he is engaged in

• A)planning.
• B)organizing.
• C)managing.
• D)leading.
• E)controlling.

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Definitions:

Standard Costing System

A cost accounting method that assigns expected costs to products in order to estimate the cost of production and help with budget planning.

Direct Labour Hours

The total hours worked directly on a specific job or task by employees, often used to allocate labor costs to products or services.

Variances

Differences between planned, budgeted, or standard costs and actual costs in business operations.

Cost Of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials, labor, and manufacturing overhead.