Case EX 3-1 Armando Is Using Excel to Create a Budget

question 20

Multiple Choice

Case EX 3-1 Armando is using Excel to create a budget for an upcoming business trip and needs to quickly copy data, formulas, and formatting in the worksheet. Armando can choose to copy only the formatting by choosing that option on the ____ button menu.

• A) Fill Formatting
• B) Copy Formatting
• C) Auto Fill Options
• D) Auto Fill Formatting

---

Definitions:

Unit Product Cost

Unit product cost is the total cost to produce one unit of product, calculated by dividing total production costs by the number of units produced.

Direct Labor Cost

The total amount of money a company spends on wages for employees who are directly involved in the manufacturing of products or providing services.

Absorption Costing

An accounting method that includes both variable and fixed manufacturing costs in the cost of a product.

Net Operating Income

The profit realized from a business's operations after subtracting operating expenses but before deducting taxes and interest.