When You Copy a Formula from One Cell to Another

question 61

True/False

When you copy a formula from one cell to another, Excel automatically adjusts the cell references in the copied formula to reflect the new formula location.

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Definitions:

Factory Overhead

All indirect costs associated with manufacturing, including utilities, maintenance, and salaries of non-direct labor.

Machine Hours

A measure of the total time that machines are operated over a specific period, often used for allocating manufacturing overhead costs to products.

Overapplied Overhead

A situation where the allocated manufacturing overhead costs are more than the actual overhead costs incurred.

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to individual units of production.