Core Technology Is a Department Work Process That Is Important

question 39

True/False

Core technology is a department work process that is important to an organization but is not directly related to its primary mission.

---

Definitions:

Direct Materials Inventory

Raw materials that are directly traceable to the manufacturing of products and are considered part of the inventory assets on the balance sheet.

Direct Materials Budget

A financial plan that estimates the raw materials needed for production and their expected costs.

Cost per Pound

A measurement of the cost to produce, acquire, or create one pound of a product or material.

Manufacturing Overhead Budget

A financial plan that estimates the costs related to the production process other than direct labor and materials.