Greg Is Using a Fundraiser Site and Is Offering 10

question 41

Multiple Choice

Greg is using a fundraiser site and is offering 10 shares of stock to those who contribute a minimum of $100 to his product.What model of crowdfunding is Greg using?

• A)investor
• B)patronage
• C)reward
• D)lending

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Definitions:

Manufacturing Overhead

All manufacturing costs that are not directly associated with the direct labor or direct materials used in production.

Schedule of Cost

A detailed statement outlining the various components of total cost, including direct and indirect costs, used for analysis, planning, and control.

Goods Manufactured

The complete units of product that have been produced within a certain period of time.

Overapplied Overhead

A condition in which the overhead costs assigned to manufacturing exceed the real overhead costs that were incurred.