Items in Square Brackets Are Required in the Syntax of an Algorithm

question 8

True/False

Items in square brackets are required in the syntax of an algorithm.

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Definitions:

Overhead

The ongoing administrative and general expenses of a business that are not directly attributable to specific products or services.

Standard Labor Hours

The estimated amount of time that should be required to produce a unit of product or to complete a process, task, or project.

Direct Labor Rate Variance

A measure of the difference between the actual cost of direct labor and the expected (or standard) cost.

Standard Rate

A predetermined cost or charge that applies to a particular activity, operation, or product within a business environment.