Select the Correct Statement from the Following

question 17

Multiple Choice

Select the correct statement from the following:

• A)B2C is typically many line items per order while B2B is typically few line items per order.
• B)B2C is typically few line items per order while B2B is typically many line items per order.
• C)B2C uses purchase order forms while B2B utilizes credit card purchasing.
• D)B2C buyers usually have a relationship with the seller while B2B do not have a prior relationship.

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Definitions:

Actual Overhead

The real costs incurred from indirect expenses such as utilities, rent, and administrative salaries in the production process.

Applied Overhead

An estimate of manufacturing overhead costs allocated to individual units of production.

Factory Overhead Account

An account used to accumulate all indirect costs associated with the production process, including indirect labor, materials, and other manufacturing overheads.

Actual Overhead Cost

The real expenses incurred for overhead in a given period, which may differ from budgeted or standard costs.