Match Each of the Following Phrases with the Term (A-G)

question 95

Multiple Choice

Match each of the following phrases with the term (a-g) that it most closely describes.
-A system that uses a different overhead rate for each activity

• A)Job order cost system
• B)Process cost system
• C)Activity-based costing
• D)Underapplied overhead
• E)Overapplied overhead
• F)Finished goods ledger
• G)Materials ledger

---

Definitions:

Interest Rate

The expense, depicted as a percentage of the principal sum, that a borrower must bear for the borrowing of assets from a lender.

Foreign-Currency Exchange

The conversion of one country's currency into another's, a key process in international trade and investments.

Net Exports

The disparity between what a nation exports and what it imports in total.

Import Quota

A limit set by the government on the amount or cost of products allowed to be brought into a country from abroad.