The Stated Advantages of XBRL GL Include

question 49

Multiple Choice

The stated advantages of XBRL GL include:

• A)Flexibility
• B)SEC approval
• C)Less costly
• D)Network Effects

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Definitions:

Manufacturing Overhead

All indirect costs associated with the production process, including utilities, rent for the production facility, and salaries of production supervisors.

Raw Materials

The basic substances from which products are made, typically used in the initial stages of the manufacturing process.

Work in Process

Inventory representing partially completed goods, which are still undergoing manufacturing processes.

Indirect Materials

Materials that are used in the production process but are not directly traceable to a finished product.