A Large, Closet-Sized Computer Capable of Simultaneously Processing Data for Hundreds

question 122

Short Answer

A large, closet-sized computer capable of simultaneously processing data for hundreds or thousands of users is most likely a __________ computer.

---

Definitions:

Machine-Hours

A measure of the amount of time a machine is operated, used as a basis for allocating manufacturing overhead costs in some costing systems.

Markup

The amount added to the cost price of goods to cover overhead and profit; it calculates the selling price.

Manufacturing Overhead

All indirect costs associated with manufacturing, excluding direct materials and direct labor, such as maintenance, depreciation, and utilities.

Predetermined Overhead Rate

A rate calculated before a period begins, based on the estimated total manufacturing overhead costs and estimated allocation base, used to allocate overhead to products or job orders.