Which of the Following Statements Is True About a Data

question 19

Multiple Choice

Which of the following statements is true about a data dictionary?

• A)Obsolete entries are usually retained in the data dictionary.
• B)The data dictionary contains an entry for each standard data item.
• C)Data administrators needn't maintain the data dictionary as it automatically updates itself.
• D)Only large organizations are required to maintain a data dictionary.

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Definitions:

Overapplied

Refers to a situation where the amount of overhead allocated to products or jobs is more than the actual overhead incurred.

Underapplied

Underapplied refers to a situation where the allocated costs are less than the actual costs incurred, often relating to overhead in manufacturing.

Direct Labor-Hours

A measure of the amount of time workers spend on production, often used as a basis for allocating overhead costs in traditional costing systems.

Applies Overhead

Refers to the method by which manufacturing overhead costs are assigned to products or job orders based on a predetermined rate or basis.