Solved

Match Each of the Following Phrases with the Term (A-G)

Question 172

Matching

Match each of the following phrases with the term (a-g) that it most closely describes.

Premises:
typically used by companies whose products are indistinguishable from each other
a system that uses a different overhead rate for each activity
typically used by companies that make custom products
a subsidiary ledger that maintains a separate account for each type of material
applied overhead is more than actual overhead incurred
applied overhead is less than actual overhead incurred
the stock ledger
Responses:
job order cost system
overapplied overhead
underapplied overhead
activity-based costing
process cost system
materials ledger
finished goods ledger

Correct Answer:

typically used by companies whose products are indistinguishable from each other
a system that uses a different overhead rate for each activity
typically used by companies that make custom products
a subsidiary ledger that maintains a separate account for each type of material
applied overhead is more than actual overhead incurred
applied overhead is less than actual overhead incurred
the stock ledger
Related Questions

Q167: Match each of the following phrases with

Q168: A summary of the time tickets for

Q169: Match the costs that follow to the

Q170: The following is a list of costs

Q171: Put the following in the order of

Q174: On November 14, the Milling Department accepted

Q175: Six selected transactions for the current month

Q176: On May 15, the stamping department accepted

Q177: The following account appears in the ledger

Q188: Prepare the journal entry for materials and

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents