Program Documentation _____

question 33

Multiple Choice

Program documentation _____.

• A) describes the inputs,outputs,and processing logic for all program modules
• B) consists of instructions and information for users who will interact with the system and includes user manuals,help screens,programs,and online tutorials
• C) includes data dictionary entries,data flow diagrams,screen layouts,and the systems request that initiated the program
• D) creates links within the program that will take a user to the appropriate documentation

Recognize the importance of the time value of money in evaluating capital expenditure proposals.

Understand the characteristics and applications of payback and accounting rate of return methods in capital budgeting.

Understand the concept and significance of investment allowances in the context of capital expenditures.

Distinguish between the net present value (NPV) method and the internal rate of return (IRR) method, with an emphasis on their treatment of the time value of money.

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Definitions:

Plantwide Overhead Rate

A single overhead rate calculated by dividing all factory overhead costs by a base, applied across all production activities within a plant.

Machine Hours

A measure of the amount of time a machine is used in the production process, often used as a basis for allocating overhead costs.

Allocation Base

A measure or criteria used to distribute costs or resources among different departments, products, or activities in a systematic manner.

Activity-Based Costing

Activity-based costing (ABC) is an accounting method that assigns overhead and indirect costs to specific activities, providing more accurate measures of the costs of producing specific products or services.