Because Computers Were So Expensive,computer Memory Was Also at a Premium,so

question 62

Multiple Choice

Because computers were so expensive,computer memory was also at a premium,so system developers conserved as much memory as possible for ________.

• A)System design
• B)System analysis
• C)Data analysis
• D)Data storage

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Definitions:

Factory Overhead

Encompasses all indirect costs involved in the manufacturing process, such as utilities, maintenance, and salaries of non-direct labor.

FIFO Method

"First In, First Out," an inventory valuation method that assumes that the first items placed in inventory are the first sold, affecting the cost of goods sold and inventory valuation.

Direct Materials

Basic substances that can be directly linked to the manufacturing of particular products or services.

Conversion Costs

Conversion Costs are manufacturing expenses related to turning raw materials into finished products, typically including labor and overhead costs.