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Computer Controls That Are Pervasive and Affect Every Computerized System

question 99

True/False

Computer controls that are pervasive and affect every computerized system are referred as application controls.

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Definitions:

Factory Overhead Cost

All of the costs of producing a product except for direct materials and direct labor.

Normal Capacity

The average level of operational output or activity that a company can sustain over a long period, considering fluctuations in demand and maintenance schedules.

Cost Variance

The difference between the actual cost and the standard or planned cost in a budget.

Standard Cost

A predetermined cost of manufacturing, selling, or any other business activity, used for budgeting and performance evaluation.

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