Theft, Counterfeiting, and Copyright Violations Are Types of

question 35

Multiple Choice

Theft, counterfeiting, and copyright violations are types of

• A) virus introduction.
• B) unauthorized access.
• C) cyber terrorism.
• D) software crimes.

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Definitions:

Variances

The difference between expected and actual performance or costs in business operations.

Direct Labor-Hours

The total hours worked by employees directly involved in the manufacturing process, often used as a basis for allocating manufacturing overhead costs.

Standard Cost System

A system of accounting that uses cost standards for costing materials, labor, and overhead.

Fixed Manufacturing Overhead Rate

This refers to the rate at which all fixed manufacturing costs are allocated across units produced, typically calculated at the beginning of a fiscal period.