Binary Means

question 11

Multiple Choice

Binary means

• A)there are two possibilities, on and off.
• B)the same as a byte, 8 bits.
• C)there are three options; 0, 1, and 2.
• D)that computers really need to have three or more options.

---

Definitions:

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead costs to products or job orders, based on estimated costs and activity levels.

Machine Hours

A measure of production activity or cost allocation based on the number of hours a machine is operated.

Overapplied Overhead

Refers to the situation where the allocated overhead cost is more than the actual overhead incurred by a business.

Predetermined Overhead Rate

An estimated rate used to assign overhead costs to products or services based on a specific activity base.