To Apply an Icon Set and Modify Criteria Rules, Highlight

question 145

True/False

To apply an icon set and modify criteria rules, highlight the cell(s) to be formatted and then click the Conditional Formatting button to open the Conditional Formatting drop-down menu.
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Definitions:

Machine-Hours

A metric that evaluates output or operational activity by tracking the number of hours that machinery runs.

Direct Labor-Hours

Hours worked by employees directly involved in the production process, these hours are used for calculating the cost of manufacture per product.

Manufacturing Overhead

All manufacturing costs that are not directly related to the production of a product, including indirect materials, indirect labor, and other indirect costs.

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead to individual products or jobs, based on a certain activity, such as direct labor hours or machine hours.