The first step in the system definition phase of the systems development life cycle (SDLC) is to ________

In the process of identifying and prioritizing reports from the old system, some of them may be eliminated altogether

Indicate whether the statement is true or false

The company maintains several standards for the allocation of indirect labor to factory overhead. 70% of Stockhandlers wages are allocated to Stamping and 30% to Finishing. Supervisors are allocated at 60% to Stamping and 20% to Finishing while the balance is left as a period expense due to activities outside production. Because of the ratio of production equipment to office equipment 40% of

depreciation is allocated to Stamping, 30% is allocated to Finishing while the balance is left as a period expense representing office equipment. If the stockhandlers wages are $2,750, the supervisors wages are $4,550, and the depreciation for the period is $15,000, the proper journal entry would be: A) Oct 31 Factory Overhead - Stamping 10,655Factory Overhead - Finishing 6,235Wage Expense 6,390Depreciation Expense 10,500 B) Oct 31 Factory Overhead - Stamping 10,655Factory Overhead - Finishing 6,235Cash 16,890 C) Oct 31 Factory Overhead 16,890Cash 16,890 D) Oct 31 Accounts Payable 16,890Wage Expense 6,390Depreciation Expense 10,500