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Which of the Following Activities Can Be Simulated Using a Computer

question 3

Multiple Choice

Which of the following activities can be simulated using a computer?
I. Waiting time in a line at a restaurant
II. Tossing a coin
III. Shuffling cards for a card game


Definitions:

Standard Costing

An accounting method that assigns predetermined costs to cost units, used to control costs and measure performance.

Labour Efficiency Variance

The difference between the actual labor hours used and the standard labor hours expected for the level of production achieved.

Variable Overhead

Indirect manufacturing costs that vary with the level of production output, such as utilities and maintenance expenses.

Labour Rate Variance

The difference between the actual cost of labor and its budgeted (or standard) cost, often arising from paying different wages than anticipated.

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