Case 13-1 Jim Is Copying and Pasting Formulas from One Area of Area

question 41

Multiple Choice

Case 13-1
Jim is copying and pasting formulas from one area of a worksheet to another. Please answer the questions below.
-Jim is copying a formula from cell C3 to cell F3 and wants the cell references to change accordingly.He is wanting to create a(n) ____ reference.

• A)relative
• B)absolute
• C)data
• D)function

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Definitions:

Absorption Costing

A financial calculation approach that encompasses both direct and indirect expenses related to producing a product.

Variable Costing

An accounting method that only includes variable production costs (costs that change with the level of output) in the cost of goods sold and treats fixed costs as period costs.

Manufacturing Costs

The total costs incurred in the process of producing or manufacturing goods.

Absorption Costing

An accounting approach that factors in every manufacturing expense, like direct materials, direct labor, and both types of overhead (variable and fixed), into the product pricing.