What Offers a Pay-Per-Use Revenue Model Similar to a Metered

question 6

Multiple Choice

What offers a pay-per-use revenue model similar to a metered service such as gas or electricity?

• A) Grid computing
• B) Smart phones
• C) Utility computing
• D) Computing services

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Definitions:

Materials Price Variance

The difference between the actual cost of materials used in production and the standard cost of those materials.

Direct Materials

Raw materials that are directly traceable to the finished product and constitute a significant part of its costs.

Variable Overhead Spending Variance

The difference between actual variable overhead costs incurred and the expected (standard) costs based on the actual level of production activity.

Fixed Overhead Spending Variance

The difference between the actual and budgeted fixed overhead costs incurred during a period.