Case 7-1 Drake Just Installed the Microsoft Office Suite on His

question 45

Multiple Choice

Case 7-1 Drake just installed the Microsoft Office suite on his computer. He is learning more about each program so he can choose the one that is appropriate for each task. Drake would choose PowerPoint if he wanted to ____.

• A) use a text editor
• B) prepare a budget
• C) present information in a slide show
• D) create a select query

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Definitions:

Product Costs

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

Period Costs

Costs that are expensed in the period in which they are incurred, not directly tied to the production process.

Contribution Margin

The difference between sales revenue and variable costs, showing how much revenue contributes towards covering fixed costs and profit.

Direct Manufacturing Cost

Expenses directly tied to the production of goods, including labor and materials.