The Intersection of a Row and Column Is Called A(n)

question 28

Multiple Choice

The intersection of a row and column is called a(n) ____.

• A) cell
• B) area
• C) header
• D) frame

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Definitions:

Variable Costing

A costing method that includes only variable production costs (materials, labor, and overhead) in the cost of goods sold and treats fixed overhead costs as period expenses.

Absorption Costing

Absorption costing is an accounting method that includes all of the manufacturing costs in the cost of a product, including both variable and fixed manufacturing overhead.

Produced

Refers to goods that have been completed through the manufacturing process and are ready to be sold or distributed.

Sold

The completed action of transferring ownership of goods or services to a buyer in exchange for payment.