Quiz 15 - Over-applied overhead H The actual overhead costs...

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Question 1 5.5 out of 5.5 points Match definitions below: Answer Question Correct Match Actual cost K. The cost of a job determined by actual direct material and labor costs plus overhead applied using an actual overhead rate and an actual allocation base. Control account I. An account in the general ledger that summarizes a set of subsidiary ledger accounts. Job D. A cost object (product, service, Job cost sheet G. Records the costs for the individual Job shop J. A firm that produces jobs Normal cost B. The cost of a job determined by actual
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Unformatted text preview: Over-applied overhead H. The actual overhead costs incurred are Project A. A complex job that often takes months or years to complete and requires the work of many different departments, divisions, or subcontractors. Standard cost C. The cost of a job determined by Subsidiary ledger account E. Records financial transactions for a specific customer, vendor, or job. Under-applied overhead F. The actual overhead costs incurred are less than the applied overhead costs....
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This note was uploaded on 11/11/2011 for the course COST ACCOU 101 taught by Professor Dennis during the Spring '11 term at Post.

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Quiz 15 - Over-applied overhead H The actual overhead costs...

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