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Match the Items Below

Question 205

Matching

Match the items below.

Premises:
Used to apply manufacturing overhead to jobs.
Measures, records, and reports product costs.
When actual manufacturing overhead costs are greater than the overhead applied to products.
Manufacturing cost accounts are fully integrated into the general ledger.
Source document which authorizes issuance of raw materials to production.
Appropriate when products have distinguishing and heterogeneous characteristics.
Constitute a subsidiary ledger for Work in Process Inventory.
Indicates number of hours that employees work and the account to be charged.
Appropriate when products are similar and are produced continuously.
When actual manufacturing overhead costs are less than the overhead applied to products.
Responses:
Cost accounting
Materials requisition slip
Time ticket
Cost accounting system
Job order cost system
Process cost system
Job cost sheets
Predetermined overhead rate
Overapplied overhead
Underapplied overhead

Correct Answer:

Used to apply manufacturing overhead to jobs.
Measures, records, and reports product costs.
When actual manufacturing overhead costs are greater than the overhead applied to products.
Manufacturing cost accounts are fully integrated into the general ledger.
Source document which authorizes issuance of raw materials to production.
Appropriate when products have distinguishing and heterogeneous characteristics.
Constitute a subsidiary ledger for Work in Process Inventory.
Indicates number of hours that employees work and the account to be charged.
Appropriate when products are similar and are produced continuously.
When actual manufacturing overhead costs are less than the overhead applied to products.
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