The Systems Development Life Cycle (SDLC) Is Falling Out of Favor

question 46

True/False

The systems development life cycle (SDLC) is falling out of favor because it is very risky.

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Definitions:

Total Standard Cost

The total budgeted cost for manufacturing a product, based on standard prices and quantities for input.

Variable Manufacturing Overhead

Costs related to manufacturing that fluctuate with the level of production output.

Direct Labor-Hours

The entire sum of hours clocked by employees who are directly involved in product creation.

Labor Rate Variance

The difference between the actual cost of labor and the expected (or standard) cost.