A Manufacturing Overhead Budget Is Not Needed If the Company

question 202

True/False

A manufacturing overhead budget is not needed if the company develops a predeter-mined overhead rate to apply overhead.

---

Definitions:

Accuracy

How closely a measurement, calculation, or specification aligns with the true value or an established standard.

Significant Figures

The number of digits in a measurement that are known with a certain degree of reliability, used to express the precision of the measurement.

Significant Figures

The digits in a number that carry meaningful contributions to its measurement accuracy.

Significant Figures

The digits in a decimal number that carry meaning contributing to its precision, excluding all leading and trailing zeros.