Digitization Is the Process of Converting Text, Numbers, Sound, Photos

question 53

True/False

Digitization is the process of converting text, numbers, sound, photos, and video into data that can be processed by a computer.

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Definitions:

Direct Materials

Raw materials that can be directly attributed to the production of specific goods or services and are considered a variable cost.

Factory Overhead

All indirect costs incurred during the manufacturing process, excluding direct materials and direct labor.

Factory Rent

Factory rent refers to the cost associated with leasing a premise for manufacturing operations, classified as an overhead expense in accounting.

Prime Costs

The sum of expenses for the raw materials and labor directly involved in the manufacturing of a product.