____ Was the First High-Level Programming Language That Was Actually

question 34

Multiple Choice

____ was the first high-level programming language that was actually implemented.

• A)COBOL
• B)BASIC
• C)PL-1
• D)FORTRAN

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Definitions:

Overhead Cost Pool

A collection of indirect costs that are grouped together to aid in their allocation to cost objects.

Activity Measure

A metric used to quantify the level of activity, work, or output in a business process or operation.

Overhead Rate

A financial ratio that allocates overhead costs to products or services based on a predetermined measure, often used to calculate total production costs.

Cost Hierarchy

A system that categorizes costs based on their direct traceability to production activities, often utilized in activity-based costing.