The Person Who Makes a Will Is Called The

question 135

Multiple Choice

The person who makes a will is called the:

• A) testator.
• B) attorney.
• C) probater.
• D) estate planner.
• E) grantor.

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including labor, materials, and manufacturing overhead.

Job-Order Costing System

An accounting method used to track costs and evaluate the profitability of individual jobs or orders by accumulating the costs associated with a specific batch of products.

Overapplied

A situation where the allocated manufacturing overhead costs are more than the actual overhead costs incurred, resulting in a variance.

Underapplied

A situation where the allocated or overhead costs assigned to products or services are less than the actual overhead incurred.