Match Each Item with the Correct Statement Below

question 166

Multiple Choice

Match each item with the correct statement below.
-An overhead rate computed using estimated data

• A)predetermined overhead rate
• B)plantwide overhead rate
• C)departmental overhead rate
• D)overhead variance
• E)overapplied overhead
• F)underapplied overhead
• G)applied overhead
• H)normal cost of goods sold

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Definitions:

Microcredit

Anti-poverty programs that lend small amounts of money to poor entrepreneurs.

Entrepreneurs

Individuals who create, organize, and manage a new business venture, taking on financial risks to do so.

Infrastructure

The basic physical and organizational structures needed for the operation of a society or enterprise, such as roads, bridges, water supply, and electric grids.

Communications Facilities

Infrastructure and equipment used for the transmission, emission, or reception of signs, signals, writing, images, sounds, or information of any nature by wire, radio, optical, or other electromagnetic systems.