A Data Flow Diagram (DFD) Illustrates the Movement of Information

question 1

True/False

A data flow diagram (DFD) illustrates the movement of information between external entities and the processes and data stores within the system.

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Definitions:

Production Data

Information related to the manufacturing process, including quantities produced, machine hours used, and raw materials consumed.

Equivalent Units

A concept in process costing that converts partially completed units into a number of fully completed units for accounting purposes.

Physical Units

A measure used in cost accounting to quantify units of production or inventory in a tangible, countable form.

Percentage of Completion

An accounting method used to recognize revenues and expenses of long-term projects proportionally to the work completed.