In Excel, ___________________ References Are Indicated by a Dollar Sign

question 24

Multiple Choice

In Excel, ___________________ references are indicated by a dollar sign character preceding the column and the row reference.

• A) absolute
• B) comparative
• C) analogous
• D) relative
• E) correlative

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Definitions:

Standard Price

The predetermined cost expected to be paid for goods and services under normal conditions.

Direct Materials

Raw materials that are directly involved in the manufacturing of a product and can be easily traced to it.

Direct Labour

The wages paid to workers directly involved in the production of goods or services.

Labour Efficiency Variance

The difference between the budgeted or standard labor hours expected for production and the actual labor hours used.