In an Environment Where Most Information Technology Is Available to All,___________

question 42

Short Answer

In an environment where most information technology is available to all,___________ that are originally developed to create a strategic advantage quickly become an expected standard business practice.

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Definitions:

Direct Labor-Hours

A measure of the time workers or employees directly spend producing goods or performing services.

Predetermined Overhead Rate

Calculated before the period begins, this rate is used to assign overhead costs to products or job orders based on an activity base.

Variable Manufacturing Overhead

Costs that fluctuate with the level of production output, such as raw materials and direct labor.

Predetermined Overhead Rate

A rate calculated before the accounting period begins, used to allocate manufacturing overhead costs to products.