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Match each of the following terms with the phrase that most closely describes it. Each answer may be used only once. Typically used by companies
Match each of the following terms with the phrase that most closely describes it. Each answer may be used only once.
Typically used by companies that make custom products. |
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Typically used by companies whose products are indistinguishable from each other. |
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System that uses a different overhead rate for each activity. |
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Applied overhead is less than actual overhead incurred. | Drag answer here |
Applied overhead is more than actual overhead incurred. |
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The stock ledger. |
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Expenses of the current period. |
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Process cost system
Underapplied overhead
Period costs
Activity based costing
Overapplied overhead
Job order cost system
Finished goods ledger
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