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​Match the Term to Its Definition or Description

question 33

Multiple Choice

​Match the term to its definition or description.
-​A substance deliberately added to a material to fulfill some specific purpose such as enhancing taste or color or prolonging shelf life


Definitions:

Unit Product Costs

The calculation of the total cost (including materials, labor, and overhead) to produce a single unit of a product.

Job M598

A specific task or project identified by code M598 within a job costing system, where costs are tracked individually.

Markup

The extra charge added onto the purchase price of products to account for operational costs and generate profit.

Predetermined Overhead Rate

A rate calculated before the period begins, used to allocate manufacturing overhead to products based on a specific activity base.

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