Which Decision Is Supported by a Financial Information System (FIS)

question 65

Multiple Choice

Which decision is supported by a financial information system (FIS) ?

• A)Determining portfolio structures
• B)Choosing the best job candidate
• C)Improving routing and delivery schedules
• D)Analyzing sales personnel

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Definitions:

Standard Cost System

An accounting method that uses cost estimates for materials, labor, and overhead to control business costs.

Variable Overhead Spending Variance

The difference between the actual variable overhead incurred and the expected (or standard) variable overhead based on the actual level of production activity.

Standard Variable Overhead Rate

The predetermined rate used to allocate variable manufacturing overhead to individual units of production.