Sireus Corp: Is Availing a Cloud-Based Service: It Plans to Install

question 65

Multiple Choice

Sireus Corp: is availing a cloud-based service: It plans to install a software package that will offer cloud services to its users: If it would like to avoid installing an operating system on the server,which of the following services should it choose?

• A) network as a service (NaaS)
• B) infrastructure as a service (IaaS)
• C) platform as a service (PaaS)
• D) software as a service (SaaS)

Understand the framework for making production and sales decisions based on contribution margins.

Grasp the treatment of fixed and variable costs in both costing methods and their impact on product pricing and cost control.

Understand the concepts of manufacturing margin, contribution margin, and operating income.

Differentiate between absorption costing and variable costing.

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Definitions:

Labor Demand

The sum total of labor that employers are keen and able to take on at a certain wage level throughout a defined period.

Wage Rates

Wage rates refer to the standard amount of compensation offered to employees for their labor services per unit of time or unit of output.

Labor Costs

Expenses associated with compensating the workforce, including wages, salaries, benefits, and related taxes paid by an employer for the work done by employees.

Total Costs

The total of variable and fixed expenses associated with the creation of goods or services.