Entering Data into a Computer System Is Also Known as ________________

question 53

Multiple Choice

Entering data into a computer system is also known as ________________ data.

• A) gathering
• B) detailing
• C) retrieving
• D) capturing

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Definitions:

Manufacturing Cost

Manufacturing cost includes all expenses directly involved in the production of goods, such as raw materials, labor, and factory overhead.

Cost Per Unit

The total expense incurred to produce, store, and sell one unit of a product or service, calculated by dividing total costs by the number of units produced.

Inventory

The complete list of goods or materials a company holds, intending to sell it in the regular course of business.

Conversion Costs

The combined costs of direct labor and manufacturing overheads that are incurred to convert raw materials into finished goods.