The ___________ Button, Located in the Formula Auditing Group, Creates

question 40

Multiple Choice

The ___________ button, located in the Formula Auditing group, creates arrows pointing to the selected cell from cells that are part of the formula in that cell.

• A)Trace Dependents
• B)Trace Precedents
• C)Error Checking
• D)Watch Window

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Definitions:

Direct Materials Variances

The variance between the real expense of direct materials in production and their expected standard cost.

Standard Direct Materials Cost

Standard direct materials cost is the estimated or pre-determined cost of raw materials used in production, based on standard pricing.

Standard Quantity Allowed

The predetermined amount of materials or inputs expected to be used in the production of goods or services under normal conditions.

Total Sales Variance

The difference between a company's actual sales and its budgeted or projected sales, indicating performance deviations.