A Company Using a Centralized Database Approach to Data Management

question 2

Multiple Choice

A company using a centralized database approach to data management might not maintain a relational table for ACCOUNTS PAYABLE. Rather, accounts payable balances at any point in time could be computed as the difference between the relations for which of the following continuous events?

• A) PURCHASE_ORDERS and INVENTORY_RECEIPTS
• B) INVENTORY and INVENTORY_RECEIPTS
• C) VALID_ INVOICES and INVENTORY_RECEIPTS
• D) VALID_ INVOICES and CASH_DISBURSEMENTS

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Definitions:

Direct Labor-Hours

The total hours worked by direct labor employees on the production of goods or delivery of services.

Standard Cost System

An accounting method that uses standard costs for direct materials, labor, and overhead to assess performance and control costs.

Price Variance

The difference between the actual price paid for a good or service and its expected price, often analyzed in budgeting and cost management.

Labor Efficiency Variance

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