What Control Structure Is Likely to Be Used to Determine

question 17

Multiple Choice

What control structure is likely to be used to determine the type of transaction that has been input from a transaction file?

• A)nested IFTHEN ELSE
• B)sequential IFTHENELSE
• C)CASE
• D)both a and c

---

Definitions:

Absorption Costing

A ledger keeping approach in accounting that wraps all costs connected to manufacturing—expenses for direct materials, wages for direct labor, and all types of manufacturing overhead, fixed and adjustable—into a product's total cost.

Contribution Format

An income statement format that separates fixed costs from variable costs to highlight the contribution margin.

Variable Costing

An accounting method that includes only variable production costs in product costs and treats fixed production costs as period costs.

Reconciliation Method

A process used to ensure that two sets of records or balances are in agreement, often used in accounting to compare transactions and balances.