Case 8-1 Laurel Is Learning How to Use Microsoft Office 2007 and 2007

question 29

Multiple Choice

Case 8-1
Laurel is learning how to use Microsoft Office 2007 and today is focusing on understanding the ribbon. Please answer the questions below.
-Laurel notices that each tab on the ribbon is divided into ____.

• A)commands
• B)groups
• C)toolbars
• D)buttons

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Definitions:

Work in Process Inventory

Goods that are in the process of being produced but are not yet finished in a manufacturing company.

Actual Overhead

The real costs incurred for overhead in production processes, as opposed to budgeted or estimated costs.

Overhead Applied

The portion of overhead costs allocated to individual products or services based on a predetermined rate.

Indirect Materials

Substances utilized during manufacturing that cannot be specifically associated with any single product, like machine lubricants.