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In Job Order Costing,explain How Comparing Actuals to the Estimates

question 74

Essay

In job order costing,explain how comparing actuals to the estimates for direct material and direct labor costs can be helpful to management.


Definitions:

Crosstab Query Wizard

A tool in database applications that assists users in creating queries that aggregate and summarize data, displaying it in a cross-tabulated format.

Row Headings

Descriptive labels or identifiers located at the leftmost part of a table or spreadsheet to indicate the content of rows.

Column Headings

The titles located at the top of columns in tables or spreadsheets that describe the content of the columns.

Crosstab Query Wizard

A tool in database software that helps users create queries that transform rows into columns, summarizing data.

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