An ERP System for a Large Company Will Cost ____,Including

question 60

Multiple Choice

An ERP system for a large company will cost ____,including software,training,and implementation.

• A) $50-500 million
• B) $1-5 million
• C) $1-5 billion
• D) $50,000-$500,000

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Definitions:

Variable Costing

A costing method that includes only variable production costs (materials, labor, and overhead) in product costs, treating fixed costs as period costs.

Variable Costing

An accounting method that includes only variable production costs in the cost of goods sold and treats fixed overhead expenses as period costs.

Operating Income

Earnings from a company’s core business operations, excluding deductions of interest and taxes.

Absorption Costing

An accounting method that includes all direct costs and overheads involved in manufacturing a product in the cost of that product.