The Emergence of Low-Cost Computers and the Internet Make It

question 118

Multiple Choice

The emergence of low-cost computers and the Internet make it possible for more people to access information.This may cause

• A)too much Internet traffic.
• B)total loss of computer usage for daily tasks.
• C)abuse of information for political and economic power.
• D)businesses to fail.

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Definitions:

Predetermined Overhead Rate

A rate used to apply manufacturing overhead to products or job orders, calculated in advance based on estimated costs.

Variable Manufacturing Overhead

These are manufacturing costs that vary in total directly and proportionately with changes in the production volume, such as indirect materials and utilities.

Direct Labor-Hours

The cumulative working hours of employees directly engaged in manufacturing activities.

Fixed Manufacturing Overhead

Costs in manufacturing that do not change with the level of production, such as salaries of supervisors and rent.