Miski Has Modified an Existing Time Reporting System for Hourly

question 10

True/False

Miski has modified an existing time reporting system for hourly employees to be more efficient as they can text message when they are leaving a job site.This would be an example of Business Process Automation.

---

Definitions:

Actual Manufacturing Overhead

The actual indirect costs incurred in the production process, including utilities, depreciation, and maintenance of production facilities.

Manufacturing Overhead

All manufacturing costs that are not directly associated with the production of a product, including indirect materials, indirect labor, and other indirect costs.

Finished Goods Inventory

The products that have completed the manufacturing process, ready to be sold to customers.

Overapplied

Refers to a situation in managerial accounting where the applied overhead is more than the actual overhead incurred.