________ Is a Suite of Software Applications That Consolidates Existing

question 14

Multiple Choice

________ is a suite of software applications that consolidates existing systems by providing layers of software that connect applications together.

• A) Enterprise resource planning (ERP) system
• B) Enterprise application integration (EAI)
• C) Customer relationship management (CRM) system
• D) Rich internet application (RIA)

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Definitions:

Labor Rate Variance

The difference between the expected cost of labor at standard rates and the actual cost of labor incurred.

Raw Materials Quantity Variance

The difference between the expected amount of raw materials required for production and the actual amount used, evaluated in terms of cost.

Labor Rate Variance

The difference between the actual cost of direct labor and the expected (or standard) cost, based on the standard hours worked and standard labor rate.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected variable overhead based on standard cost.