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For each term, indicate the correct description. table [ [ Cost driver, | ] , [ Cost of finished goods manufactured, table [
For each term, indicate the correct description.
tableCost driver,Cost of finished goods manufactured,tableThe type of cost accounting method likely to be used foroverhead costs.Activitybased costing,tableThe total of all direct labor, direct materials, andmanufacturing overhead transferred from work in process tofinished goods.Overhead application rate,tableA means of assigning indirect product costs to work in processduring the period.Job order costing,tableAn activity base that can be traced directly to units producedand can be used as a denominator in computing an overheadapplication rate.The type of cost accounting system likely to be used by aconstruction company. A debit balance remaining in the manufacturing overhead account at the end of the period
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