______ Encompasses Reports, Data Dashboards, and Descriptive Statistics to Describe

question 4

Multiple Choice

______ encompasses reports, data dashboards, and descriptive statistics to describe the past data.

• A) Predictive analytics
• B) Descriptive analytics
• C) Prescriptive analytics
• D) Decision analysis

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Definitions:

Overapplied Factory Overhead

The amount of factory overhead applied in excess of the actual factory overhead costs incurred for production during a period.

Balance Sheet

An account that outlines the assets, liabilities, and equity of shareholders of a company on a particular date.

Job Order Cost Accounting Systems

An accounting system that accumulates costs individually for each job. It is used when products are made based on specific orders.

Company's Efficiency

A measure of how effectively a company uses its resources to produce outputs, often assessed through ratios such as revenue per employee or output per hour.