Which of the following is true about a piece rate plan?
A. It can be used for all types of jobs and in all types of industries.
B. It is best suited for complex jobs and tasks.
C. It can be used to encourage team work and collaboration.
D. It has a direct link between the work and how much the employee earns.
E. It encourages peers to perform as well as the co-workers and reduce conflicts.
Answer: D. It has a direct link between the work and how much the employee earns.
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The manufacturing overhead budget calculates the budgeted overhead cost for the year and also the predetermined overhead allocation rate for the year
Indicate whether the statement is true or false
Larissa's hobby, making cakes, has become a profitable sideline. Friends come to her for special occasions. She has talked to SCORE about projecting financials for a full-time business. The analyst there recommends ________ to understand the risks.
A. adding 50 percent to her cost estimates B. doubling her cost estimates C. reducing her cost estimates