What Is the Difference Between a Third Normal Form and Fourth

question 3

Multiple Choice

What is the difference between a third normal form and fourth normal form table?

• A) A 4NF table has no alternate keys.
• B) A 4NF table has no foreign keys.
• C) A 4NF table has no multivalued dependencies.
• D) A 4NF table has no primary dependencies.

Calculate the contribution margin for a department.

Allocate building and utility costs to departments based on specified criteria.

Understand the concept and calculation of contribution margin and net income.

Grasp the effects of department elimination on overall company financials.

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Definitions:

Direct Labor Variances

The difference between the estimated cost of direct labor and the actual direct labor cost incurred.

Controllable Variance

Controllable variance is a measure used in managerial accounting to assess the differences between actual and budgeted amounts that management can influence or control.

Variable Overhead Costs

Variable overhead costs fluctuate with changes in production volume, including costs like utilities and raw materials not directly tied to a product.

Fixed Overhead Costs

Expenses that remain constant irrespective of the volume of production or sales, including rent, salaries, and insurance.