Bookmarking Tools on Scholarly Sources Help Take Notes About Each

question 21

True/False

Bookmarking tools on scholarly sources help take notes about each of the sites and "tag" the links with your choice of search terms to make future retrieval of the source easy.

---

Definitions:

Job-order Costing System

An accounting system that determines and accumulates costs separately for each job or batch of goods produced.

Manufacturing Overhead Applied

The allocation of manufacturing overhead costs to individual units of production, based on a predetermined overhead rate.

Underapplied Overhead

Occurs when the allocated manufacturing overhead cost is less than the actual manufacturing overhead cost incurred, leading to a discrepancy that needs to be adjusted in the accounting records.

Overapplied Overhead

A situation where the estimated manufacturing overhead costs exceed the actual overhead costs incurred.