Many Small Businesses Are Ditching Excel,instead Preferring the Use of _______

question 68

Multiple Choice

Many small businesses are ditching Excel,instead preferring the use of _______ to handle estimates,invoice clients and keep track of expenses.

• A)Quicken
• B)Freshbooks
• C)MacBook
• D)iAccounting

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Definitions:

Factory Overhead

Indirect manufacturing costs not directly linked to specific units produced, including costs for maintenance, utilities, and salaries of supervisory personnel.

Subsidiary Factory Overhead Ledger

A specialized ledger that tracks all the indirect manufacturing costs associated with a company's production process.

Direct Materials

Raw materials and components that are directly used in the production of a product, which can be easily traced and assigned to specific goods.

Direct Labor Costs

Expenses associated with employees who are directly involved in the production of goods or services.