Version-Management Systems ________

question 26

Multiple Choice

Version-management systems ________.

• A)provide version control of documents
• B)track changes to shared documents
• C)allow checkout of documents before they are edited
• D)provide workflow control to manage the activities that are predefined by the group

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Definitions:

Standard Costing

An accounting method that uses standard costs for cost control and financial reporting.

Variable Manufacturing Overhead

Manufacturing overhead costs that fluctuate with the level of production activity.

Overhead Rate Variance

The difference between the actual overhead costs incurred and the standard overhead costs assigned to production.

Materials Price Variance

The difference between the actual cost of direct materials used in production and the expected (budgeted) cost of those materials.