One of the Biggest Advantages Offered by Software Suites Is

question 45

Multiple Choice

One of the biggest advantages offered by software suites is that:

• A) All the programs within the suite use a similar graphical user interface (GUI)
• B) The packages take up a lot of disk space
• C) There is a custom graphical user interface for each application in the suite
• D) They cost more than the total cost of buying the individual packages separately

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Definitions:

Labor Efficiency Variance

The difference between the actual hours worked and the standard hours expected, multiplied by the standard hourly wage rate.

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the expected quantity, multiplied by the standard cost per unit.

Variable Overhead Efficiency Variance

The difference between the actual variable overhead incurred and the standard cost allocated for the actual production achieved.

Labor Rate Variance

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