Leighton Wood Is a Manager at the XYZ Company

question 88

Multiple Choice

Leighton Wood is a manager at the XYZ Company.He performs all the management functions as condensed from Henri Fayol's work. When Mr Wood motivates his employees and attempts to resolve conflicts among department members,he is performing the ________ function.

• A)planning
• B)organising
• C)leading
• D)controlling

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Definitions:

Overapplied Overhead

Occurs when the allocated manufacturing overhead costs are more than the actual overhead costs incurred.

Cost of Goods Sold

The immediate expenses related to the manufacturing of products that a company sells.

Work in Process Inventory

Work in process inventory includes goods partially completed in the production process, sitting between raw materials and finished goods.

Predetermined Overhead Rate

An estimated overhead rate used to allocate manufacturing overhead costs to products.