4:13 chegg.com Cost Accounting: A Managerial Emphasis (7th Edition) See this solution in the app Bookmark Chapter 4, Problem 16E Show all steps: ON Problem Terminology. A number of terms are listed below: source document actual cost tracing cost allocation rate proration opportunity cost cost pool Required Select the terms from the above list to complete the following sentences. Use each term only once. 1. spreads underallocated overhead or overallocated overhead among ending work-in-process inventory, finished goods inventory, and cost of goods sold. 2. The benefits of using an) cost system is that your costing information is very accurate. 3. The is the result of dividing the indirect cost pool by the cost allocation base. 4. A is an original record that supports journal entries in an accounting system. 5. A(n) is the contribution to income lost or forgone by not using a limited resource in its next-best alternative use. 6. is the assigning of direct costs to the chosen cost object. 7. A is a grouping of individual cost items. Step-by-step solution There is no solution to this problem yet. Get help from a Chegg subject expert. Ask an expert