________ Allows Direct Computer-To-Computer Exchange of Standardized,common Business Transaction Documents

question 77

Multiple Choice

________ allows direct computer-to-computer exchange of standardized,common business transaction documents such as invoices.

• A)EDI
• B)IOS
• C)ERP
• D)MIS

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Definitions:

Labor Efficiency Variance

A measure used in budgeting and accounting to evaluate the difference between the actual hours worked and the standard hours expected to complete a task.

Direct Materials Purchases Variance

The difference between the actual cost of direct materials purchased and the expected (or standard) cost, used in budgeting and cost management.

Variable Overhead

The overhead costs that fluctuate with the level of production or business activity, such as utilities or materials consumed in production.

Direct Materials Purchases Variance

The difference between the actual costs of direct materials purchased and the expected (or standard) costs, impacting the budget and potentially financial results.