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On the Line in Front of Each Statement, Enter the Letter

Question 323

Question 323

Matching

On the line in front of each statement, enter the letter corresponding to the term that best fits that statement. You may use a letter more than once and some letters may not be used at all.

Premises:

Responses:

system for assigning costs to large numbers of identical units that usually proceed in a continuous fashion through a series of uniform production steps or processes

purchase order

a list of all of the raw materials needed to manufacture a job

receiving report

system for assigning costs to a specific unit or to a small batch of products or services that pass through production steps as a distinct identifiable job

bill of materials

a written or electronic document listing the quantity and type of raw materials received in an incoming shipment

cost driver

a written or electronic document authorizing the purchase of specific raw materials from a specific supplier

job cost record

a written or electronic document that requests specific materials be transferred from the raw materials inventory storeroom to the production floor

invoice

a bill from a supplier

process costing

job costing

labor time record

materials requisition

Premises:

system for assigning costs to large numbers of identical units that usually proceed in a continuous fashion through a series of uniform production steps or processes

a list of all of the raw materials needed to manufacture a job

system for assigning costs to a specific unit or to a small batch of products or services that pass through production steps as a distinct identifiable job

a written or electronic document listing the quantity and type of raw materials received in an incoming shipment

a written or electronic document authorizing the purchase of specific raw materials from a specific supplier

a written or electronic document that requests specific materials be transferred from the raw materials inventory storeroom to the production floor

a bill from a supplier

Responses:

purchase order

receiving report

bill of materials

cost driver

job cost record

invoice

process costing

job costing

labor time record

materials requisition

Correct Answer:

Premises:

Responses:

purchase order

receiving report

bill of materials

cost driver

job cost record

invoice

process costing

job costing

labor time record

materials requisition

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