For the work of factory employees to be considered as direct labor, the work must be conveniently and
a. materially associated with raw materials conversion.
b. periodically associated with raw materials conversion.
c. physically associated with raw materials conversion.
d. promptly associated with raw materials conversion.
Answer: c. physically associated with raw materials conversion.
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Generally accepted accounting principles are primarily formulated by:
A. the Securities and Exchange Commission B. the American institute of Certified Public Accountants C. The Financial Accounting Standards Board D. The Federal Reserve Board
Mick has a project consisting of eight activities (listed in the table with durations and precedence requirements) to complete. He assigned his intern Guinness to sketch a network diagram in AOA and Guinness produced the sketch shown below
Discuss any issues with the apprentice's diagram. Activity Activity time Predecessor A 6 B 8 C 5 A D 9 A, B E 12 A F 11 D, E G 6 C, F