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After Brainiac brings home a report card with all As, his parents (who want to make sure this behavior continues in the future) give him a new car (something that he really wanted) . It appears that Brainiac's parents are attempting to use _____ to keep Brainiac's grades up.
Total Job Cost
The sum of all costs assigned to a specific job, including materials, labor, and overhead.
Predetermined Manufacturing Overhead
An estimated overhead cost calculated before the actual production starts, used in budgeting and setting product prices.
Markup
Markup is the amount added to the cost price of goods to cover overhead and profit, determining the selling price.
Overhead Applied
The portion of estimated overhead cost allocated to each unit of production or activity based on the predetermined overhead rate.
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