If "Color" Is an Attribute, Then "Green" Is a Data

question 69

True/False

If "color" is an attribute, then "green" is a data item.

---

Definitions:

Activity-Based Costing

A costing method that assigns overhead and indirect costs to specific activities, providing more accurate product or service costing.

Manufacturing Overhead

All indirect costs associated with the manufacturing process, including utilities, depreciation of equipment, and salaries of maintenance staff.

Plantwide Overhead Rate

This is a single overhead rate calculated by dividing all of a plant's manufacturing overhead costs by its total activity base, such as labor hours or machine hours, used across the entire factory.

Direct Labor-Hour

A unit of measure representing the labor time expended by workers directly involved in the manufacturing process, often used in cost accounting.