According to Your Text, What Are Two of the Three

question 26

Multiple Choice

According to your text, what are two of the three IT trends that are having the greatest impact on the IT environment?

• A) privacy issues and on-demand computing
• B) social media and online retailing
• C) digital forensics and privacy issues
• D) grid computing and on-demand computing

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Definitions:

Direct Materials Cost

Direct materials cost refers to the expenditure on the raw materials that are directly identifiable and allocable to the production of a product.

Overapplied Overhead

This refers to a situation in which the allocated overhead cost is greater than the actual overhead cost incurred.

Predetermined Rate

A rate calculated before the fiscal period begins, used to apply costs to production or operations, often based on labor hours or machine hours.

Predetermined Overhead Rate

A rate calculated at the beginning of the period, used to allocate overhead costs to products based on a specific activity base.