The Digital Revolution Became a Significant Factor in the 1980s

question 39

True/False

The digital revolution became a significant factor in the 1980s but ended in the 1990s when the "dot com" bubble burst.

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Definitions:

Departmental Overhead Rates

Costs associated with a department's operations that are distributed across products or services, often based on a predetermined rate.

Machine Hours

A measure used in costing to allocate costs based on the number of hours a machine is operated.

Direct Labor Hours

A measure of the total hours worked directly on producing goods, typically used in manufacturing and cost accounting.

Departmental Overhead Rate

A method used to allocate indirect costs to specific departments based on their respective activities or usage.