Listed Below Are Items That May Be Useful in Preparing

question 94

Essay

Listed below are items that may be useful in preparing the March 2014, bank reconciliation for Grider Machine Works.
Using the following code, insert in the space before each item the letter where the amount would be located or otherwise treated in the bank reconciliation process.

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Definitions:

Overhead Applied

The amount of overhead costs allocated to products or job orders based on the predetermined overhead rate.

Activity-Based Costing

A costing method that assigns overhead and indirect costs to specific products or projects based on their use of activities.

Overhead Assigned

The allocation of indirect costs or overhead to specific cost objects, such as products or jobs, based on a predetermined formula.

Traditional Costing

A cost accounting method that assigns manufacturing overhead costs to products based on volume-related measures.