Which of the Following Describes an Environment in Which Data

question 149

Multiple Choice

Which of the following describes an environment in which data is instantly available via the Internet to organizational partners?

• A) Networking
• B) Real time
• C) Virtual business
• D) E-commerce

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Definitions:

Factory Overhead Cost Variance

The difference between the actual and budgeted indirect manufacturing costs.

Fixed Overhead

Costs that do not fluctuate with the level of production or sales, such as rent, salaries, and insurance.

Variable Overhead

These are costs that vary with production volume, such as materials and labor, as opposed to fixed overhead costs.

Direct Materials Cost Variance

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