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INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

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INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.Select A for the first item,B for the second item,and C if neither item will correctly complete the statement.
-For 2009,your net estate value must exceed [$1,650,000 | $3,500,000] before any federal estate taxes will be due.


Definitions:

Standard Cost

A predetermined cost of manufacturing a single unit or a number of units during a specific period under normal conditions.

Budgeted Cost

An estimate of expenses or costs that are planned for a specific period in the future.

Production Estimates

These are predictions or forecasts about the volume of production expected to be achieved in a specified future period.

Ideal Standards

Standards set under perfect or ideal conditions, used for comparison with actual performance to gauge efficiency and productivity, though often unattainable in practice.

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