An End Load Fund Has

question 78

Multiple Choice

An end load fund has

• A)No charge upon purchase,but a fixed charge upon sale
• B)A smaller charge on purchase,and another small charge again on sale
• C)No charge upon purchase,and a declining charge based on time owned,on sale
• D)Two of the above

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Definitions:

Underapplied Overhead

The situation where the allocated overhead costs are less than the actual overhead costs incurred.

Job-Order Costing

A costing method used to determine costs for each individual job or project, tracking direct labor, direct materials, and overhead.

Overapplied Overhead

A circumstance where manufacturing overhead costs assigned exceed the real costs incurred for overhead.

Underapplied Overhead

The situation where the allocated manufacturing overhead costs are less than the actual overhead costs incurred, leading to underestimation of product costs.