When Designed Correctly,form Reports Save Time and Increase Clerical Accuracy

question 56

True/False

When designed correctly,form reports save time and increase clerical accuracy over individually prepared reports.

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Definitions:

Planned Machine Time

The scheduled period during which machinery is expected to operate in order to meet production targets, integral to manufacturing efficiency and planning.

Prime Costs

The combined costs of direct materials and direct labor that are directly attributable to the production process.

Incurred

Refers to costs or expenses that have been realized or acquired in the execution of business activities or operations.

Costs

The expenses incurred in the production of goods or services or in the undertaking of any activity.