What Is XML? How Does Microsoft Excel Take Advantage of the Benefits

question 146

Essay

What is XML? How does Microsoft Excel take advantage of the benefits of XML data in spreadsheets?

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Definitions:

Process Costing

An accounting method used to calculate the cost of a process, or series of processes, through which a product moves, assigning average costs to each product unit.

Equivalent Units

A term used in cost accounting to express the amount of production output in terms of fully completed units of output.

Conversion Costs

The costs required to convert raw materials into finished products, including direct labor and manufacturing overhead.

FIFO Method

An inventory valuation method that assumes the items purchased or produced first are sold first.