To Change the Paragraph from a Numbered List to Normal

question 23

True/False

To change the paragraph from a numbered list to normal text, you can click the Text button in the Styles group on the Format tab.

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Definitions:

Total Cost Variance

This refers to the difference between the budgeted or standard cost of production and the actual cost incurred.

Factory Overhead Cost

All indirect costs associated with manufacturing, excluding direct materials and direct labor. These can include utilities, maintenance, and salaries of non-direct labor employees.

Variance Report

A document that compares actual financial performance to planned or budgeted performance, highlighting variances between these figures.

Machine Hours

A measure of the operating time of machines or equipment, typically used in allocating manufacturing costs.