Coding Refers To​

question 15

Multiple Choice

Coding refers to​

• A) ​the assignment of a number or numeral to the attributes of a variable.
• B) ​the assignment of a row in a data matrix to each questionnaire item.
• C) ​the assignment of a number or numeral to each questionnaire item.
• D) ​transferring variables to the computer.
• E) ​the assignment of a variable to a computer column.

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Definitions:

Sales Volume Variance

A metric used in budgeting and accounting to measure the difference between the actual quantity sold and the expected sales volume, indicating the impact on profit.

Variable Costing

An accounting method that only includes variable production costs (materials, labor, and variable overhead) in product costs and treats fixed overhead as a period expense.

Opening Stock

The value of inventory that a company has on hand at the beginning of an accounting period.

Variable Costs

Costs that vary directly with the level of production or sales volume, such as materials and labor.