____ Is an 8-Bit Code Allowing 256 Possible Combinations of Textual

question 50

Multiple Choice

____ is an 8-bit code allowing 256 possible combinations of textual symbols.

• A) EBCDIC
• B) Unicode
• C) NRZI
• D) UTF-9

Understand different cost accumulation systems and their applications.

Identify the factors causing variations in material usage and product costs.

Understand how to calculate over- or under-applied overhead and its implications.

Distinguish between different types of product costs and their classifications.

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Definitions:

Overhead Applied

Overhead applied is the portion of manufacturing overhead costs assigned to individual units of production based on a predetermined overhead rate.

Predetermined Overhead Rate

A rate calculated before a period begins, used to allocate manufacturing overhead costs to products based on a particular activity base.

Journal Entries

The records that document every financial transaction in the accounting system in chronological order.

Job Cost Sheets

A document or record that tracks all the costs associated with a specific job or project, including materials, labor, and overhead costs.