The cash basis of accounting ignores ________

Which aspect of the formal work plan describes what you plan to accomplish and defines the limits of your work?

A) Statement of the purpose and scope of your investigation B) Statement of the problem and opportunity C) Discussion of tasks to be accomplished D) Working outline E) Statement of the products or activities that will result from the investigation

The Warbler Jeans Company produces two different types of jeans. One is called the "Simple Life" and the other is called the "Fancy Life" The company's Production Budget requires 353,500 units of Simple jeans and 196,000 Fancy jeans to be manufactured. It is estimated that 2.5 direct labor hours will be needed to manufacture one pair of Simple Life jeans and 3.75 hours of direct labor hours for

each pair of Fancy life jeans. What is the total number of direct labor hours needed for both lines of jeans? A) 900,000 direct labor hours B) 1,631,250 direct labor hours C) 731,250 direct labor hours D) 355,000 direct labor hours