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Presented Below Is a List of Terms Relating to Accounting

Question 130

Matching

Presented below is a list of terms relating to accounting information systems, followed by definitions of those terms.
Match the appropriate term with each definition. Each answer will be used only once.

Premises:
Advanced integration technologies (AIT)
Bill of materials
Solids modeling
Job time cards
Cost driver
Vendor-based coding
Process costing
EOQ
Routings
Inventory status report
Responses:
Lists the raw materials that are necessary to produce a product
The optimum order amount that minimizes total inventory cost
Consists of EDI, automatic identification, and distributed processing
An element that influences the total cost of an activity
A summary that details the resources available in inventory
Used to document the amount of labor time that is spent working on each production project
The mathematical representation of a part as a solid object in computer memory
Having a purchaser (i.e., retailer) utilize a vendor's product codes as its own product codes for the same products
Production costs are compiled by department rather than by job
Documents that indicate the sequence of operations required to manufacture a product

Correct Answer:

Advanced integration technologies (AIT)
Bill of materials
Solids modeling
Job time cards
Cost driver
Vendor-based coding
Process costing
EOQ
Routings
Inventory status report
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