Examlex
In which of the following data flow diagrams does the bubble symbol represent a process and not the entire system?
Labor Rate Variance
The difference between the actual cost of labor and its expected cost, based on standard rates and hours.
Standard Hours Allowed
The predetermined amount of time expected to be required to complete a unit of work, used as a benchmark in costing and efficiency analysis.
Excel Spreadsheet
A digital worksheet or grid in Microsoft Excel, where users can organize data, perform calculations, and analyze information.
Clearing Account
An account used to temporarily hold transactions in progress or to reconcile discrepancies before the amounts are posted to the correct accounts.
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