FIGURE EX 1-1 Referring to Figure EX 1-1 Above

question 5

Multiple Choice

FIGURE EX 1-1 Referring to Figure EX 1-1 above, if you wanted to find an entry for an employee s name which may be misspelled, and you cannot remember if you capitalized the first and last name, you would choose the following search option: ____.

• A) Match case
• B) Match entire cell contents
• C) both a. and b.
• D) neither a. nor b.

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Definitions:

Product Costs

The three components of manufacturing cost: direct materials, direct labor, and factory overhead costs.

Standard Cost

A detailed estimate of what a product should cost.

Past Cost Data

Historical financial information regarding the costs incurred by a business.

Ideal Standards

Standards that can be achieved only under perfect operating conditions, such as no idle time, no machine breakdowns, and no materials spoilage; also called theoretical standards.