Accrual Accounting Is an Application of the Matching Rule

question 86

True/False

Accrual accounting is an application of the matching rule.

Appreciate how businesses use social networking sites for connecting with customers, sharing news, and fostering idea exchanges.

Understand the elements of effective digital communication, including content creation for blogs.

Explain the concept of crowdsourcing and its benefits in collaborative online communities.

Differentiate various types of online communities and their target audiences.

---

Definitions:

Manufacturing Overhead

All manufacturing costs except direct labor and direct materials, including maintenance and utilities.

Direct Labor Cost

The wages and benefits paid to workers who are directly involved in the production of goods or the provision of services.

Work in Process Inventory

Goods that are in the midst of production and not yet complete at the conclusion of an accounting cycle.

Direct Labor-Hours

The aggregate amount of time spent by staff members who are directly part of the production activity.