A ________ Is a Table of Data Having Rows and Columns

question 26

Multiple Choice

A ________ is a table of data having rows and columns.

• A)spreadsheet
• B)notepad
• C)clip art
• D)pie chart

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Definitions:

Direct Labour Hours

A measure of the amount of time workers spend directly manufacturing a product, which is often used to allocate manufacturing overhead in product costing.

Standard Costing System

An accounting method that uses estimated costs for planning and decision-making purposes.

Variable Overhead Spending Variance

The difference between the actual variable overhead costs incurred and the expected costs based on standard rates.

Standard Costing System

A cost accounting method that assigns expected costs to products, services, or cost units, used for budgeting and performance evaluation.