During Its Peak Years, Olmec Society

question 11

Multiple Choice

During its peak years, Olmec society

• A) did not construct pyramids of any kind.
• B) was constantly at war with the Aztecs.
• C) extended from Mexico City to El Salvador and possibly to the Pacific Ocean.
• D) was known for its development of wheat and rice.
• E) relied on a limited trading network.

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Definitions:

Predetermined Overhead Rate

The rate estimated before the start of a period, used to allocate manufacturing overhead costs to products based on a chosen activity base.

Factory Payroll

The total wages, salaries, and benefits paid to employees working in a manufacturing facility during a specific period.

Underapplied Overhead

Underapplied overhead occurs when the allocated manufacturing overhead costs are less than the actual overhead costs incurred.

Overapplied Overhead

A situation where the allocated manufacturing overhead cost is more than the actual overhead costs incurred.