The Trend Toward Cloud Computing Allows Any Part of the IT

question 65

True/False

The trend toward cloud computing allows any part of the IT to be sourced from the Internet,ultimately offering a more flexible model that aligns better with business objectives.

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Definitions:

Fixed Overhead Budget Variance

The difference between the budgeted and actual fixed overhead costs incurred during a specified period.

Fixed Manufacturing Overhead

Costs that do not vary with the level of production, such as rent, salaries of permanent staff, and depreciation of factory equipment.

Fixed Overhead Volume Variance

The difference between the budgeted and actual fixed overhead costs attributed to the variation in produced units.

Materials Price Variance

The difference between the actual cost of materials and the standard cost, which can indicate inefficiencies or savings.