The Internal Rate of Return is equal to the Required/Desired Rate of Return when the Net Present Value is equal to less than zero less than the required rate of return greater than zero zero negative The labor of superintendents, foremen, millwrights, engineers, janitors and others that contribute to production but do not work specifically on the manufactured products, and whose labor therefore cannot be easily associated with specific units of product, is indirect labor. joint labor. direct labor. basic labor. unspecified labor. The amount by which overhead applied on the basis of a predetermined overhead application rate exceeds overhead actually incurred is known as underapplied overhead. overapplied overhead. estimated overhead. adjusted overhead. predetermined overhead. Preferred stock that has no right to share in dividends above the fixed amount or percentage which is preferred is noncumulative preferred stock. cumulative preferred stock. participating preferred stock. capital stock nonparticipating preferred stock. A production system that is designed to determine the unit costs of unique products and the allocation of overhead expenses is called a(n) job order cost system. process cost system. asset accounting system. .. cost accounting system. product cost system. A stock dividend that amounts to 25 percent or more of a corporation's previously outstanding shares is accounted for as a(n) stock split earned surplus. small stock dividend. large stock dividend dividend in arrears