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Problem 1: Multiple suppliers bid on a contract for construction services. The suppliers qualification and experience will be assessed and they will be rated against a minimum passing score. Which is a logicial selection criterion
Select One
A) Lowest responsive Bid
B) Single Source
C) Evaluated Bid
D) Unique Service
Problem 2: A Facility Manager is negotiating a contract with the owner of a construction company. They both agree that the facility manager will pay 20,000 USD for the services of the construction company. The facility manager and the sales representative from the construction company sign the contract. The construction company's legal team reviews the contract and declares it void. What is the most likely reason this contract was considered void?
A) The legal team did not think that the contract had a lawful purpose
B) There was no mutual agreement made between the facility manager and the construction company's legal team
C) The sales representative from the construction company did not have the authority to sign the contract
D) The cost of the services described in the contract was more that USD 20,000
Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.
Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.
Prepare a master budget for the three-month period.
Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
Evaluate the Predetermined Overhead Rate
Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.
Complete the schedule to compute the pool rates for the different activities.
Prepare Company financial statements
This individual assignment is based on the TerraCycle Inc.
Discuss the ethical issues
Calculate the GDP in Income Approach and Expenditure Approach
A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.
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