Which of the Following Is Often Rendered Obsolete Because of Technological

question 30

Multiple Choice

Which of the following is often rendered obsolete because of technological advancements?

• A)Patent
• B)Copyright
• C)Franchise
• D)Goodwill

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Definitions:

Machine-Hours

A measure of production or work volume calculated by the number of hours machines are operating.

Predetermined Overhead Rate

A rate used to apply manufacturing overhead to products or job orders, calculated by dividing estimated overhead costs by an allocation base.

Direct Labor-Hours

The total hours worked by employees who are directly involved in the production process, used as a basis for allocating costs to products.

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead costs to each unit of production, based on estimated or budgeted overhead costs and activity.