Match the Term with the Definition

question 76

Multiple Choice

Match the term with the definition.
-Federal relief program established in March 1933 that provided assistance in the form of jobs to millions of unemployed young men and a handful of women. Program members worked on conservation projects throughout the nation.

• A)Agricultural Adjustment Act (AAA)
• B)Committee for Industrial Organization
• C)Civilian Conservation Corps (CCC)
• D)court-packing plan
• E)Federal Deposit Insurance Corporation (FDIC)
• F)fireside chats
• G)National Recovery Administration (NRA)
• H)New Deal coalition
• I)Social Security
• J)underconsumption
• K)Wagner Act
• L)Works Progress Administration (WPA)

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Definitions:

Cost Of Goods Manufactured

The total production cost of the goods completed and transferred out of the work-in-process inventory during a specific period.

Predetermined Overhead Rate

A rate calculated before the fiscal period begins, used to allocate projected overhead costs to products or job orders.

Direct Labor Cost

The total expense of employing workers to produce a product or provide a service, excluding indirect labor costs.

Work In Process

Inventory that includes materials that have been partially processed but are not yet completed products in a manufacturing setting.