What Is Slice-And-Dice Capability

question 208

Multiple Choice

What is slice-and-dice capability?

• A)Involves the aggregation of information and features simple roll-ups to complex groupings of interrelated information
• B)The ability to look at information from different perspectives
• C)Enables users to get details, and details of details, of information
• D)Finds the inputs necessary to achieve a goal such as a desired level of output

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Definitions:

Labor Price Variance

The difference between the actual cost of direct labor and the standard cost of labor that was expected during a period.

Labor Quantity Variances

The difference between the actual hours worked and the standard hours expected for the actual production level, valued at the standard labor rate.

Variance Report

A document that compares actual financial performance to budgeted or planned financial performance, identifying differences.

Overhead Controllable Variance

The difference between the actual and budgeted overhead costs that management has control over, indicative of operational efficiency.