A Keyword Search in an Electronic Tax Service

question 39

Multiple Choice

A keyword search in an electronic tax service:

• A) Allows the researcher to combine words and phrases to define the search.
• B) Is identical to using the topical index in a paper service.
• C) Is not an efficient way to conduct tax research.
• D) Cannot be restricted to only a part or portion of the data base.

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Definitions:

Factory Overhead Rate

The ratio of total indirect manufacturing costs to a specific basis, such as labor hours or machine hours, used to allocate overhead costs to products.

Direct Labor Costs

Expenses related to employees who physically manufacture a product.

Factory Overhead Cost

Indirect manufacturing costs that are not directly tied to the production of specific goods, including utilities, maintenance, and salaries of supervisors.

Overapplied/Underapplied

Terms used in cost accounting to describe the situation where the allocated indirect costs do not match the actual indirect costs, resulting in a discrepancy at the end of an accounting period.