Match the Following Terms with Their Descriptions

question 61

Essay

Match the following terms with their descriptions:
I. PDF
II. XPS
III. RTF
IV. CSV
V. URL
A. Useful for basic formatted text documents
B. Created by Adobe Systems
C. Double-clicking will open Excel
D. Considered an alternative to PDF
E. http://www.amazon.com

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Definitions:

Direct Labor

Direct labor involves the work of employees that is directly attributable to the production of goods or provision of services, such as manufacturing labor costs.

Materials Price Variance

The deviation between the actual cost of direct materials and the standard cost, multiplied by the quantity purchased.

Variable Overhead Rate

The rate at which variable overhead costs are allocated to a unit of production, often based on direct labor hours or machine hours.

Fixed Overhead Budget

A financial plan that projects the expected fixed costs required to support the operations of a business.