Changes in Hardware, Software, Documentation, or Production to a Production

question 70

Multiple Choice

Changes in hardware, software, documentation, or production to a production system to correct errors, meet new requirements, or improve processing efficiencies are termed:

• A) compliance.
• B) production.
• C) maintenance.
• D) acceptance.
• E) conversion.

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Definitions:

Cash Disbursements

A financial record of money being paid out or disbursed by a company, usually part of the cash outflow in its cash flow statement.

Manufacturing Overhead Budget

An estimate of all manufacturing costs excluding direct materials and direct labor, planned for a specific period.

Direct Labor-Hour

A measure of the amount of time spent by direct labor workers on a specific job or task, often used to allocate labor costs in job-order costing.

Manufacturing Overhead Budget

A financial plan that estimates the indirect costs associated with manufacturing, including utilities, salaries, and maintenance.