When You Create Formulas Referencing Cells That Contain Dates And/or

question 137

True/False

When you create formulas referencing cells that contain dates and/or times, Excel will never format the result as a date instead of as a number.

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Definitions:

High-Low Method

is a technique used in managerial accounting to estimate variable and fixed costs based on the highest and lowest levels of activity.

Variable Cost Per Unit

This is the cost that varies with each unit produced, including materials, labor, and other direct costs.

Total Fixed Costs

The sum of all costs that do not change with the level of output or activity within a certain period.

Cost-Volume-Profit Analysis

The examination of the relationships among selling prices, sales and production volume, costs, expenses, and profits.