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Case 1
Ellie wants to use Office 2013 for her catering business.For example,she plans to use Word to maintain her collection of recipes,and Excel to manage her budget.To get started,Ellie turns to you for help in understanding the components that appear in the Microsoft Word window.
-Ellie asks you about the component located at the bottom of the document window.You tell her that it is used to present information about the document,the progress of current tasks,and controls for viewing the document.What is the name of this component?
Raw Material Purchase
The process of acquiring the basic materials needed for production of goods.
Fixed Manufacturing Overhead
Fixed manufacturing overhead costs are those production expenses that do not vary with the volume of production, such as salaries of managerial staff and rent of the factory.
Budgeted Fixed Manufacturing Overhead
The predetermined amount of fixed overhead expenses expected to be incurred in the manufacturing process.
Net Operating Income
Profit of a business after all operating expenses, excluding taxes and interest, have been deducted from total revenue.
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