What Is the Advantage of Using Cloud Computing

question 156

Multiple Choice

What is the advantage of using cloud computing?

• A)it is accessible to all your friends and family
• B)it stores large files without taking up valuable space on a computer's hard drive
• C)it is very secure from hackers
• D)it is very reliable

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Definitions:

Inventories

Assets held for sale, or in the process of being produced for sale, or to be used in the production process.

Overapplied Manufacturing Overhead

This occurs when the allocated manufacturing overhead cost is more than the actual manufacturing overhead costs incurred.

Underapplied Manufacturing Overhead

This occurs when the allocated manufacturing overhead costs are less than the actual overhead costs incurred, leading to a cost variance.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including both material and labor costs.