Caroline Created a Spreadsheet to Organize Data So She Can

question 35

Multiple Choice

Caroline created a spreadsheet to organize data so she can compare the changes in sales volume and costs over a period of time.The organized data is referred to as

• A)arranged data.
• B)information.
• C)transformed data.
• D)facts.
• E)analyzed facts.

Acknowledge the necessity of strong communication skills across various career paths.

Comprehend the outcomes and benefits of strong communication skills within an organization.

Understand the process and goals of effective communication.

Recognize the principles of professionalism in communication.

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Definitions:

Materials Price Variance

The difference between the actual cost of materials used in production and the standard cost of those materials.

Direct Materials

Raw materials that are directly traceable to the finished product and constitute a significant part of its costs.

Variable Overhead Spending Variance

The difference between actual variable overhead costs incurred and the expected (standard) costs based on the actual level of production activity.

Fixed Overhead Spending Variance

The difference between the actual and budgeted fixed overhead costs incurred during a period.