A Range Name

question 55

Multiple Choice

A range name

• A) Indicates a cell's specific location and the reference does not change when you copy the formula.
• B) is a word or a string of characters that represent one or more cells.
• C) indicates a cells relative location from the cell containing the formula.
• D) creates an Equals (=) sign.

---

Definitions:

Equivalent Units

A concept used in cost accounting to represent the amount of work done on incomplete units, expressed in terms of fully completed units.

Work In Process

Items in a manufacturing process that are not yet finished products, including raw materials, labor in progress, and overhead costs.

Work In Process Account

An account that tracks the costs associated with partially completed goods in manufacturing processes.

Process Cost System

An accounting method used to track the costs associated with processes that produce homogeneous products.