The Development of Low-Cost Computing Platforms and Communication Technologies Is

question 68

True/False

The development of low-cost computing platforms and communication technologies is an economic change brought about by globalization enabled by information technology.

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Definitions:

Factory Overhead

All the supplementary costs tied to manufacturing, aside from the expenses of direct materials and direct labor.

Amortization

The periodic transfer of the cost of an intangible asset to expense.

Direct Labor Used

The total hours worked by employees directly involved in the production process, impacting manufacturing costs.

Prime Costs

The combined costs of direct materials and direct labor involved in manufacturing a product.