_____ Properties Are Associated with All Microsoft Office Documents and Include

question 104

Multiple Choice

_____ properties are associated with all Microsoft Office documents and include author, title, and subject.

• A)Automatic
• B)Hidden
• C)Replacement
• D)Standard

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Definitions:

Standard Costing

An accounting method that assigns predetermined costs to cost units, used to control costs and measure performance.

Labour Efficiency Variance

The difference between the actual labor hours used and the standard labor hours expected for the level of production achieved.

Variable Overhead

Indirect manufacturing costs that vary with the level of production output, such as utilities and maintenance expenses.

Labour Rate Variance

The difference between the actual cost of labor and its budgeted (or standard) cost, often arising from paying different wages than anticipated.