Tap or Click the Edit Shape Button in the Insert

question 52

Multiple Choice

Tap or click the Edit Shape button in the Insert Shapes group on the ____ Format tab to display the Edit Shape menu.

• A)Selected Objects
• B)Circles and Rectangles
• C)Shapes and Figures
• D)Drawing Tools

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Definitions:

High-low Method

An accounting technique used to estimate variable and fixed costs by analyzing the lowest and highest levels of activity and their associated costs.

Mixed Cost

An expense that contains both fixed and variable components, changing in total with the level of activity but not in a directly proportional manner.

High-low Method

A method employed in accounting that calculates variable and fixed expenses by analyzing the maximum and minimum activity levels.

Variable Manufacturing Cost

Costs that vary in direct proportion to the changes in production volume, including direct materials, direct labor, and variable manufacturing overhead.