Visuals Give Data Meaning, Make Your Point at a Glance

question 36

Essay

Visuals give data meaning, make your point at a glance, and simplify complex ideas. Before submitting a final report, what should you do to check the quality of your visuals?

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Definitions:

Operating Period

The amount of time a business or a part of it operates within a specific timeframe, typically a fiscal year or quarter.

Variable Costing

An accounting method that includes only variable manufacturing costs—direct materials, direct labor, and variable manufacturing overhead—in the cost of goods sold.

Absorption Costing

A system of accounting that encompasses the full range of manufacturing costs—direct materials, direct labor, and overheads both variable and fixed, within the cost framework of a product.

Break-even Sales

The amount of revenue required to cover total fixed and variable costs, resulting in a net profit of zero.