Management Recently Instituted a New Training Program for Upper-Level Managers

question 20

Multiple Choice

Management recently instituted a new training program for upper-level managers.They budgeted the cost of the new program at $1,000 per employee trained,but actual costs were $1,250 per employee trained.The difference between the budgeted cost for training and the actual cost of training is called a:

• A) Period cost.
• B) Loss.
• C) Variance.
• D) Controllable cost.

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Definitions:

Consumer Goods

Consumer goods are products bought for personal or household use, intended for direct consumption or use by the end consumer.

Matrix Departmentation

A complex organizational structure that combines two or more types of departmentalization, often project and functional lines, to leverage the benefits of both.

Hybrid Departmentation

A structure based on some mixture of functional, product, geographic, or customer departmentation.

Functional Departmentation

The process of organizing an organization's structure into departments based on specific functions or tasks, such as marketing, finance, operations, etc.