Systems Analysis Describes How a System Will Solve the Business

question 85

True/False

Systems analysis describes how a system will solve the business problem, and systems design describes what the system must do to accomplish the task.

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Definitions:

Direct Labor

The cost of wages for employees who are directly involved in the production of goods or services.

Direct Materials

The raw materials that are directly used in the manufacturing of a product, easily traceable to the finished product.

Equivalent Units Of Production

The number of production units that could have been completed within a given accounting period, given the resources consumed.

Average Cost Method

An inventory valuation method that calculates the cost of goods sold and ending inventory value based on the average cost of all similar items in inventory.