To Insert a Chart, Use the Chart Tool on the FORM

question 2

True/False

To insert a chart, use the Chart tool on the FORM DESIGN TOOLS DESIGN tab.

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Definitions:

Direct Material

Raw materials that are directly traceable and allocable to the production of goods or services.

Direct Labor

The cost of wages for workers who are directly involved in producing goods or providing services.

Overhead

Indirect costs not directly associated with the production of goods or services, such as administrative expenses and rent.

Variable Production Costs

Variable production costs are expenses that vary directly with the level of production, such as raw materials and direct labor costs.