In Mexico Another Name for the Maquiladora Operation or Industry

question 76

Multiple Choice

In Mexico another name for the Maquiladora operation or industry is the:

• A) in-bond or twin-plant program.
• B) bonded warehouse.
• C) border zone.
• D) cross border zone.
• E) indentured zone.

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Definitions:

Overapplied

Refers to a situation where the amount of overhead allocated to products or jobs is more than the actual overhead incurred.

Underapplied

Underapplied refers to a situation where the allocated costs are less than the actual costs incurred, often relating to overhead in manufacturing.

Direct Labor-Hours

A measure of the amount of time workers spend on production, often used as a basis for allocating overhead costs in traditional costing systems.

Applies Overhead

Refers to the method by which manufacturing overhead costs are assigned to products or job orders based on a predetermined rate or basis.