Using Conditional Formatting to Draw Attention to Cells That Are

question 66

Multiple Choice

Using Conditional Formatting to draw attention to cells that are blank

• A) displays a particular color based on the relative value of the cell contents to other selected cells.
• B) displays an icon representing a value in the top third, quarter, or fifth based on values in the selected range.
• C) helps locate where data may be missing.
• D) helps locate errors in cells quickly.

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Definitions:

Materials Cost Per Unit

The total cost of materials divided by the number of units produced, indicating the material cost for each unit.

Average Cost Method

An inventory valuation method that calculates the cost of goods sold and ending inventory based on the average cost of all similar items in inventory.

Direct Materials

Direct inputs in product manufacturing that can be easily identified and represent a considerable part of the production expenses.

Process Costing

A costing method typically used in industries where production is continuous, and costs are assigned to units of output through an averaging process.