Case-Based Critical Thinking Questions Case 8-3 Simon Wants to Learn

question 41

Multiple Choice

Case-Based Critical Thinking Questions Case 8-3 Simon wants to learn more about ways to automate Word with macros. Because he has been told that this will be a significant time-saver for him, he signs up for a brief tutorial at his local community college to get him started. When Simon creates a macro, which of the following is a valid macro name?

• A) Resize Pic
• B) ResizePic
• C) ResizePic!
• D) Resize.Pic

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Definitions:

Product Costs

The costs directly associated with the production of goods, including direct labor, direct materials, and manufacturing overhead.

Inventoriable Costs

Costs that are initially recorded as inventory on the balance sheet and recognized as cost of goods sold only when the inventory is sold.

Conversion Cost

The combined costs of direct labor and manufacturing overhead, representing the expenses to convert raw materials into finished goods.

Manufacturing Overhead

All manufacturing costs other than direct materials and direct labor, not directly traceable to specific units produced.