Which of the Following Would Most Effectively Be Used to Select

question 10

Multiple Choice

Which of the following would most effectively be used to select XBRL tagging software?

• A)Expectancy theory
• B)Weighted-rating model
• C)COSO enterprise risk management framework
• D)Accounting cycle

---

Definitions:

Variable Costing

A costing method that includes only variable manufacturing costs in product costs and treats fixed manufacturing costs as period costs.

Finished Goods

Completed products ready for sale or shipment to customers, found as an inventory category in the balance sheet.

Fixed Overhead

Refers to the total of all indirect costs that remain constant regardless of the level of production or business activity.

Absorption Costing

Absorption Costing is an accounting method that includes all of the manufacturing costs (direct materials, direct labor, and both variable and fixed manufacturing overhead) in the cost of a product.