Springtime Water Has Recently Lost a Small Number of Employees

question 128

Multiple Choice

Springtime Water has recently lost a small number of employees through quits and retirements.The company has decided not to replace these employees.Marion is most likely reducing its workforce by:

• A) outplacement.
• B) attrition.
• C) rightsizing.
• D) downsizing.

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Definitions:

Manufacturing Overhead

All indirect costs associated with the manufacturing process, aside from the costs of direct labor and direct materials.

Direct Materials

Raw materials directly traced and included in the finished product.

Master Budget

A comprehensive financial plan that consolidates various detailed budgets within a company for a specific period.

Production Budget

A financial plan that estimates the number of units that must be produced within a specific time period to meet expected sales demand and inventory levels.