If a State's Sales Tax Is Stored in Cell B2

question 79

Multiple Choice

If a state's sales tax is stored in cell B2 and referenced in formulas,this value is known as a(n) ________.

• A) variable
• B) parameter
• C) argument
• D) constant

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Definitions:

Prime Cost

Direct materials plus direct labor costs.

Machine Hours

The total number of hours that machines are used or operated during a specific time period, often used as a basis for allocating manufacturing overhead.

Direct Labor Hour

A measure of the time spent by workers manufacturing a product or delivering a service.

Special Materials

Unique or unusual materials required for specific production processes or products, often implying additional cost or procurement effort.