Roslyn Is an Inventor

question 10

Multiple Choice

Roslyn is an inventor.She has many tools,including a hammer,a handsaw and a drill.Roslyn has a patent on her most recent invention and she owns stock in Handy Appliances,Inc.,which is a company that often uses her inventions.Roslyn's tangible personal property includes the

• A)hammer,handsaw and drill.
• B)Handy Appliances stock only
• C)patent on her invention only
• D)Handy Appliances stock and the patent on her invention.

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Definitions:

Job Cost Sheet

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

Predetermined Overhead Rate

A rate used to allocate estimated overhead costs to products or job orders, calculated before the period begins.

Machine-hours

A measure of production output based on the number of hours machines are operated.

Job-order Costing

A cost accounting system that assigns manufacturing costs to an individual product or batches of products, often used when products are distinct or made to order.