Critical Thinking Questions (Multiple Choice) in Your Current Phase of System

question 90

Multiple Choice

Critical Thinking questions (Multiple Choice) In your current phase of system development, you are fixing bugs, making backups, and revising software as necessary to meet your business's needs. What phase in the SDLC are you in?

• A) planning phase
• B) testing phase
• C) design phase
• D) maintenance phase

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Definitions:

Variable Overhead Efficiency Variance

The difference between the actual variable overhead costs incurred and the standard variable overhead costs expected for the actual production level.

Standard Cost

A predetermined cost of manufacturing a single unit or a number of product units during a specific period under current or anticipated operating conditions.

Overhead Applied

An accounting method used to allocate estimated overhead costs to specific products or job orders based on a predetermined rate or method.

Machine Hours

A measure of the amount of time a machine is operating during a specific period.