Match each of the following phrases with the term (a-e) that it most closely describes it. Each term will be used only once.
-The process by which factory overhead is assigned to a cost object
A)Job cost sheets
B)Materials requisitions
C)Receiving report
D)Time tickets
E)Cost allocation

Question

Quizplus · Accepted Answer

Cost allocation is the process by which factory overhead is assigned to a cost object. Job cost sheets, materials requisitions, receiving reports, and time tickets are all documents that are used in the accounting process but do not specifically describe the assignment of overhead costs.

Match Each of the Following Phrases with the Term (A-E)