To Add a Border to a Cell,click the Border Button

question 23

Multiple Choice

To add a border to a cell,click the Border button arrow in the Font group on the ____ tab.

• A) Insert
• B) Page Layout
• C) Design
• D) Home

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Definitions:

Absorption Costing

This approach to accounting incorporates all costs associated with manufacturing such as direct materials, direct labor, and variable as well as fixed overhead expenses into the price of a product.

Operations

Refers to the day-to-day activities involved in running a business that lead to the production of goods and provision of services.

Variable Costing

A costing method that includes only variable manufacturing costs—direct materials, direct labor, and variable manufacturing overhead—in product costs.

Absorption Costing

A bookkeeping technique that encases the entirety of manufacturing expenses such as direct materials, direct labor, along with both variable and fixed overhead costs, in the product’s cost.