When You Select the Chart Style, Click a 3-D Chart

question 29

True/False

When you select the chart style, click a 3-D chart subtype to create a 3-D chart.

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Definitions:

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity.

Fixed Costs

Costs that do not vary with changes in the volume of production or sales, such as rent, salaries, and insurance.

Activity Level

A measure in cost accounting that identifies the extent to which cost drivers affect the cost of producing goods or services.

Materials Price Variance

The difference between the actual cost of direct materials and the expected cost, based on standard price and actual quantity purchased.