ERP Systems Are Only Useful in Large Companies and Not

question 19

True/False

ERP systems are only useful in large companies and not able to be used in small and medium-sized enterprises as well.

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Definitions:

Direct Materials Used

Direct Materials Used are raw materials that are directly incorporated into a finished product and are a major part of manufacturing costs.

Selling Expenses

Costs incurred directly and indirectly in selling and distributing a product or service, including advertising, sales salaries, and commission.

Work in Process Inventory

The cost of unfinished goods being produced, including labor, raw materials, and overhead.

Work in Process

Refers to the materials and labor that are currently being transformed into finished goods in a manufacturing process.