In Contrast to a Real-Time System,in a Batch Processing System

question 86

Multiple Choice

In contrast to a real-time system,in a batch processing system

• A)there is a lag between the time when the economic event occurs and the financial records are updated
• B)relatively more resources are required
• C)a greater resource commitment per unit of output is required
• D)processing takes place when the economic event occurs

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Definitions:

Traditional Costing System

A costing methodology that allocates overhead costs to products based on a predetermined rate, often using direct labor hours or machine hours as the allocation base.

Activity-Based Costing System

A costing methodology that assigns costs to products or services based on the activities that go into producing them, providing detailed insights into the actual consumption of resources.

Unit Product Costs

The calculated cost of producing one unit of a product, including direct materials, labor, and overhead.

Parts Administration

The process and activities involved in managing and overseeing the inventory, ordering, and supply of parts within an organization.