The Spreadsheet Cell That Contains the Total Cost of the Transportation

question 25

Multiple Choice

The spreadsheet cell that contains the total cost of the transportation plan is known as the __________ in Excel's Solver dialog box.

• A)Changing Cell
• B)Target Cell
• C)Constraint Cell
• D)Total Cost Cell

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Definitions:

Standard Hours Allowed

The time allocated for a task based on predetermined standards.

Actual Direct Labour Hours

The real number of labor hours worked by employees directly involved in the production process, typically recorded after the work has been completed.

Standard Cost System

A cost accounting system that uses cost standards for materials, labor, and overhead to control actual costs and analyze variances.

Favourable Variance

A financial term referring to a situation where actual costs are less than budgeted costs, or actual revenues exceed budgeted revenues.