Match the Following Terms to Their Meanings

question 43

Multiple Choice

Match the following terms to their meanings:
-Header

• A)indicate that a picture is selected
• B)the first slide in a presentation
• C)text that displays on the bottom of every slide in a presentation
• D)a box on a slide with dashed or dotted borders
• E)text that displays at the top of each sheet of notes pages

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Definitions:

Direct Labour Hours

A measure of the amount of time workers spend directly manufacturing a product, which is often used to allocate manufacturing overhead in product costing.

Standard Costing System

An accounting method that uses estimated costs for planning and decision-making purposes.

Variable Overhead Spending Variance

The difference between the actual variable overhead costs incurred and the expected costs based on standard rates.

Standard Costing System

A cost accounting method that assigns expected costs to products, services, or cost units, used for budgeting and performance evaluation.