Published Data from Outside the Organization Are Referred to as ________

question 147

Multiple Choice

Published data from outside the organization are referred to as ________ data.

• A) proprietary
• B) external primary
• C) internal secondary
• D) internal primary
• E) external secondary

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Definitions:

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead to products or job orders, calculated based on estimated costs and activity levels before the period begins.

Variable Overhead

Costs that fluctuate with the level of production activity, such as utilities for the manufacturing plant or commissions for sales staff.

Efficiency Variance

The difference between the actual amount of resources used in production and the amount that was expected to be used, indicating the level of efficiency in using materials, labor, and overhead.

Denominator Level

A term used in cost accounting to describe the level at which fixed costs are allocated to units of production.