The Data Entry Clerk Types Data from an Order Form

question 75

Multiple Choice

The data entry clerk types data from an order form into an on-line computer through a pre-formatted screen.This is an example of:

• A)authorizing events
• B)executing events
• C)recording events
• D)safeguarding resources

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Definitions:

Activity-Based Costing

A costing method that assigns overhead and indirect costs to specific activities related to production.

Overhead Cost

The ongoing expenses incurred in operating a business that are not directly associated with the production of goods or services, including rent, utilities, and salaries of non-production staff.

Processing Activity

Activities involved in transforming inputs into finished goods through operations such as assembling, cooking, or chemical processing.

Activity-Based Costing

An accounting method that identifies the activities a firm performs and then assigns indirect costs to products. It improves accuracy of product costing by linking cost more directly to the activities that drive those costs.