Degree of Technology Is a Factor Affecting the Decision of How

question 114

True/False

Degree of technology is a factor affecting the decision of how much preventive maintenance is desirable.

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Definitions:

Indirect Manufacturing Costs

Expenses related to the production process that cannot be directly attributed to specific units of product, such as utilities, maintenance, and factory supervision.

Automation

The technology by which a process or procedure is performed with minimal human assistance.

Machine Hours

A metric for the total time machines or equipment have been operational, used to allocate manufacturing overhead costs.

Step-down Method

A method used in cost accounting to allocate overhead costs to specific products or services in a hierarchical manner.