An Input Device Is Equipment Used to Capture Information and Commands

question 7

True/False

An input device is equipment used to capture information and commands.

---

Definitions:

Conversion Costs

The combined costs of direct labor and manufacturing overhead, representing the costs incurred to convert raw materials into finished goods.

Process Costing

A costing method that assigns manufacturing costs to units of product, used when nearly identical products are mass-produced.

Weighted-Average Method

An inventory costing method that calculates the cost of goods sold and ending inventory based on the weighted average cost of all inventory items.

Process Costing

A costing method used where homogeneous products are produced on a continuous basis, costs are averaged over the units produced during the period.