Most Organizations Use ___ to Prepare XBRL Instance Documents

question 6

Multiple Choice

Most organizations use ___ to prepare XBRL instance documents.

• A)Tagging software
• B)Document flowcharts
• C)Both tagging software and document flowcharts
• D)Neither tagging software nor document flowcharts

Understand the concept of generic competition and its examples.

Describe the role and activities of corporate affairs in the analysis of the external environment.

Define data and distinguish it from information, analysis, and insights.

Identify components of the internal environment and their relevance.

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Definitions:

Volume Overhead Variances

The difference between the expected (budgeted) overhead costs based on standard volume and the actual overhead costs incurred.

Flexible Manufacturing Budget

A budget that adjusts to changes in the volume of production, providing variable costs based on different levels of activity.

Standard Cost Accounting System

A standard cost accounting system estimates the cost of production in advance, using standard costs for materials, labor, and overhead for cost control and performance evaluation.

Direct Labor Payroll

The total cost of wages and benefits paid to employees who are directly involved in the production of goods or delivery of services.