To Create a New Note, Click the Notes Button on the Navigation

question 3

Multiple Choice

To create a new note, click the Notes button on the Navigation Pane and then click ________.

• A)New Note on the Insert tab
• B)New Note on the Home tab
• C)Create Note on the Home tab
• D)Create Note on the Insert tab

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Definitions:

Absorption Costing

An accounting method that includes all manufacturing costs (variable and fixed) in the cost of a product.

Unit Product Cost

Unit product cost is the total cost associated with producing one unit of a product, including all variable and fixed costs.

Direct Labor Cost

The total expense a company incurs for employees who work directly on the manufacturing or production of products.

Variable Costing

An accounting method that only allocates variable costs to inventory, treating fixed costs as expenses of the period.