Match the XBRL Essential to the Appropriate Definition

question 34

Multiple Choice

Match the XBRL essential to the appropriate definition.
-Schema

• A)Defines which elements are related to a particular taxonomy
• B)Relates to data and metadata
• C)Defines relationships between data
• D)A dictionary that defines the XBRL tags used for specific data items
• E)Identifies the specific amounts for a taxonomy at one instance

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Definitions:

Standard Quantity

This refers to the predefined amount of materials or labor deemed necessary to produce a single unit of a product under normal operations.

Actual Quantity

The real number of units used or produced, as opposed to planned or estimated quantities.

Overhead Budget

An estimation of all overhead costs for a period, helping businesses plan how much they need to spend on indirect costs.

Budgeted Overhead Cost

The forecasted or estimated costs of overhead that a company plans to incur over a period, factored into its budgeting process.