An Accounting Program Is an Example of _______________ Software

question 60

Multiple Choice

An accounting program is an example of _______________ software.

• A) System
• B) CASE
• C) Application-specific
• D) General purpose

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Definitions:

Overhead Controllable Variance

The difference between the actual overhead incurred and the overhead that should have been incurred, given the level of activity, which is under the control of management.

Overhead Volume Variance

The difference between the expected (budgeted) and the actual overhead costs incurred, due to variations in the level of produced or sold volume.

Standard Cost

A predetermined cost of manufacturing a product or providing a service, used as a benchmark to measure performance.

Nutrition Drink

A beverage designed to provide dietary supplements or essential nutrients that might be missing or insufficient in a person's diet.