The End Result of the _________ Phase of the Systems

question 40

Multiple Choice

The end result of the _________ phase of the systems development life cycle (SDLC) should give users and top management a clear view of what the problem is and how the information system will solve the problem.

• A)planning
• B)requirements-gathering
• C)design
• D)implementation

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Definitions:

Predetermined Overhead Rate

A rate calculated by dividing estimated overhead costs by an allocation base, used to apply overhead to products or services.

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the expected (or standard) quantity, measured in financial terms.

Direct Materials

These are the raw materials that are directly incorporated into a finished product.

Standard Cost Card

A document that lists the standard costs associated with producing a single unit of a product, including materials, labor, and overhead.