Consider the Flowchart Below as You Respond to the Question

question 8

Multiple Choice

Consider the flowchart below as you respond to the question: Refer to the previously presented set of flowcharting symbols labeled Symbol A through Symbol J.Which of the following statements about the systems flowchart above is most true?

• A)Symbol B may be inserted between "approve credit" and "deliver goods."
• B)Symbol B may be inserted between "start" and "take order."
• C)Both symbol B may be inserted between "approve credit" and "deliver goods" and symbol B may be inserted between "start" and "take order" are true.
• D)Neither symbol B may be inserted between "approve credit" and "deliver goods" nor symbol B may be inserted between "start" and "take order" is true.

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Definitions:

Plantwide Factory Overhead Rate

This rate calculates the total factory overhead for a plant as a single rate, which is then applied to allocate overhead costs to different products.

Allocation-Base Usage

The process of distributing costs based on predetermined criteria or bases, such as labor hours or machine hours.

Activity Rates

The estimated activity cost divided by estimated activity-base usage.

Cost Budgeted

An estimate of costs for a project or business over a specific period, forming the basis for financial planning and performance measurement.